Summary
- It was reported that the controversy over the alleged death forgery of Zerebro founder Jeffrey Yoo is increasing token price volatility.
- After a large amount of Zerebro tokens were sold from Yoo's wallet, funds were transferred to Legacoin, causing its value to surge, but it plummeted after the controversy.
- In the virtual asset community, there are allegations of responsibility avoidance by the Zerebro developer and suspicions of a new virtual asset project.
The virtual asset (cryptocurrency) community is abuzz with the topic of the Solana (SOL)-based meme coin Zerebro (ZEREBRO). This comes as the controversy over the alleged death forgery of its founder, Jeffrey Yoo, has emerged.
On the 7th (KST), virtual asset influencer Daniele announced on X (formerly Twitter) that "the founder of Zerebro faked his death" and "he is alive."
The evidence presented by Daniele is a letter sent by Jeffrey Yoo to early investors. In the letter, Jeffrey Yoo stated, "I have no regrets, it was a calculated escape," and "this is the only way I can get away."
The news of the death of Jeffrey Yoo, the founder of Zerebro, was first revealed on the 4th during a Pump.fun live streaming. At that time, the website Legacy.com reported the death of Jeffrey Yoo, stating that "Jeffrey Yoo died at the age of 22."
However, the situation reversed afterward. The San Francisco Coroner's Office stated that there were no records of a person with the surname Yoo dying on that date.
Additionally, the controversy expanded as the volatility of some token prices increased in relation to the news of Jeffrey Yoo's death. On-chain analysts revealed that a large amount of Zerebro tokens were sold from Yoo's wallet, and the proceeds were sent to the HTX exchange and then transferred to the creation address of Legacoin (LLJEFFY) tokens.
Legacoin attracted significant interest from virtual asset investors, and its value surged more than 100 times within about 6 hours of its creation. However, as the controversy over Jeffrey Yoo's death forgery emerged, its value plummeted by 90% within about an hour, and many investors who flocked to Legacoin are believed to have suffered losses.
Meanwhile, the virtual asset community is showing somewhat agitated reactions to the series of events. Daniele criticized, "Stop making the Zerebro developer a hero to avoid responsibility," and "developers in this field must be able to endure continued criticism."
One X community user directly criticized, "The founder of Zerebro is putting on a show for the next virtual asset project."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
