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Who's YouTube's ace detective calling out crypto cons and dodgy financiers? Battling scams with a splash of caffeine and a dash of wit. The story of Coffeezilla - let's deep dive.
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In a world rife with online scams, especially within the crypto sphere, Stephen Findeisen, aka Coffeezilla, has emerged as a significant voice.
He’s the digital detective aiming to rid the internet of its growing number of “financial gurus” involved in deceptive practices.
Quick Sips of Coffeezilla
Real Deal: Stephen Findeisen. But you probably know him better as Coffeezilla.
Age: 38. Not too old to know what's up, not too young to be easily fooled.
Day Job: YouTube detective. Nights? Probably still YouTube.
Alma Mater: Texas A&M University. Yep, he's got a Chemical Engineering degree. Not sure how that helps with YouTube, but who are we to judge?
The Journey: Coffeezilla began his YouTube journey by posting pop science videos but eventually shifted his focus to unmasking fraudulent "financial gurus" and pyramid schemes. He dove deeper into the crypto space as he saw the escalating number of scams and unethical practices.
The Catalyst: Personal experiences with scams, notably witnessing his mother getting duped by health cure schemes during her battle with cancer, deeply affected Coffeezilla. His college years further solidified his disdain for scams as he saw friends fall for multi-level marketing traps and deceptive financial advice.
Alleged Scams Uncovered by Coffeezilla
Coffeezilla's dedication to exposing crypto scams has led him to uncover various alleged fraudulent activities. Some of the most notable include:
July 2021: Save the Kids
Keemstar and Coffeezilla claimed that FaZe Clan member Teeqo was a victim in the SaveTheKids crypto scam. Initially, it was believed that Teeqo was involved in a "pump and dump" scheme, but new evidence shows that he did not sell any of his tokens and suffered personal losses. Keemstar and Coffeezilla concluded that Teeqo was unaware of the scam and will release a video with more details soon. Meanwhile, fired FaZe Clan member Kay's statement did not receive sympathy from Coffeezilla or the community.
April 2022: SafeMoon
A token endorsed by several celebrities, SafeMoon was exposed by Coffeezilla for its potential rug-pull tactics. The project's leaders faced accusations of pumping and dumping the coin.
August 2022: SBF
Founder of FTX, Sam Bankman-Fried “hates” Coffeezilla. why?
SBF faced allegations of fraud after FTX's collapse. Coffeezilla's interviews with SBF hinted at irregularities in funds management.
December 2022: CryptoZoo
Endorsed by Logan Paul, this project promised a Pokémon-inspired game. However, it ended up being a major disappointment when the promised unique art turned out to be generic stock images. Coffeezilla's in-depth investigation into CryptoZoo revealed allegations of market manipulation, resulting in significant backlash against Logan Paul and his associates.
Paul announced a refund plan in January but has yet to fulfil it. Screenshots of email communications with Paul's lawyer suggest that a concrete plan has not been established. Coffeezilla criticised the lack of progress and questioned why it has taken so long to figure out a refund process.
The latest update (July 2023)
Paul's communication with the CryptoZoo community has dried up, and there seems to be no plan in place to refund anyone.
February 2023: Dillon Danis
YouTuber Coffeezilla exposed MMA fighter Dillon Danis for promoting a fake NFT project. Coffeezilla tricked Danis into posting about the project without disclosing that it was an advertisement. The website that Danis promoted, sourznft.com, revealed screenshots of all the false crypto promotions that Danis had done in exchange for money. The website claims that Danis has been involved in over 20 scammy promotions and has tried to delete the evidence from the internet. This comes after Danis pulled out of a match against YouTuber KSI, and he may now face repercussions for his involvement in promoting false crypto projects.
Doxxing: In a massive breach of privacy, Coffeezilla's personal information was maliciously leaked, revealing his full name, past address, and even more sensitive data. Accompanying this were harmful rumors about his character.
Legal Threats: Exposing scams, especially those involving high-profile personalities, has inevitably led to legal challenges. Coffeezilla has received several cease and desist letters and confronts online threats and backlash regularly.
Why Does Coffeezilla Matter? ⛓️🔓
The emergence of decentralised finance (DeFi) and web3 has provided numerous opportunities but also posed challenges due to the lack of comprehensive regulation. This has opened the door for fraudsters to exploit unsuspecting investors.
In such an environment, figures like Coffeezilla become essential. They act as the gatekeepers, ensuring that scams and fraudulent activities are exposed, creating an atmosphere of accountability. By doing so, they not only protect existing investors but also ensure that new entrants have a safer environment to explore.
The blockchain's transparent nature aids investigators like Coffeezilla in their pursuits. Investing considerable time and resources, they track down stolen assets, ensuring accountability and keeping the crypto world as scam-free as possible.
Coffeezilla is on a mission to make the crypto community more credible. With scams posing a severe threat to the reputation of the industry, figures like him aim to restore trust and make the crypto world more welcoming for everyone.
Primary Income Sources Include
YouTube Ad Revenue: Coffeezilla’s large subscriber base on YouTube generates ad revenue. For every ad impression or click, a portion of the earnings goes to the content creator. The amount depends on the engagement rate, the number of views, and other performance metrics.
Patreon: Supporters can become members of Coffeezilla's Patreon, paying a monthly fee of $5 for exclusive content. Patreon serves as a steady revenue stream, especially for creators who offer unique or early-access content to their subscribers.
Merchandise: Occasionally, Coffeezilla releases limited merchandise tied to his channel's theme, which his fanbase eagerly purchases.
Unlike many other YouTubers, Coffeezilla refrains from sponsored content, ensuring unbiased investigations.
TTD Week That Was 📆
The week of crypto finding a win in the court room and all about friends with benefits and the case of buyers and short sellers.
Saturday: Apple pays $5M for SBF film rights 💸
Friday: Falcon Hunts 🦅
Thursday: Vitalik's Paper 🗞️
Wednesday: GOT (Gala's version) 👑⚔️
Tuesday: MakerDAO in a fix?🤔
Monday: The Worldcoin Dilemma🌎
TTD Week in Funding 💰
Story Protocol. $54 million. An open IP infrastructure, building the “Git for IP” to unleash the full creative potential of the internet.
Trident Digital. $8 million. A newly launched startup founded by former Coinbase executives.
BrineFinance. $16.5 million. A decentralised order-book exchange for traders crafted by traders
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The Token Dispatch is a daily newsletter that takes you on a 4-5 minute drive through the wild west of the Crypto World. Daily in your email inbox @13:00 GMT. Almost always.