Boogie2988 Responds to Crypto Scam Allegations Amid Controversy Over Faddy Coin

YouTuber Steven "Boogie2988" has addressed his community regarding allegations of pulling a crypto scam involving a meme coin called Faddy Coin. The controversy erupted when the coin lost 90% of its value in a single day. Boogie2988 claims the coin was intended as a joke and that he had warned his audience not to take it seriously or invest significant amounts.

• Defendant: Boogie2988 (Steven)
• Crime: Alleged crypto scam involving Faddy Coin
• Amount Defrauded: Not specified
• Method: Promoted a meme coin (Faddy Coin) to his audience, which subsequently lost 90% of its value.
• Sentence Received: No legal action; controversy and public backlash
• Investigating Authorities: No formal investigation; YouTube investigator Coffeezilla involved in exposing the case

On June 27, 2024, YouTuber Boogie2988 announced his involvement with a meme cryptocurrency called Faddy Coin, which he described as a joke coin not to be taken seriously. Following the announcement, the coin quickly lost 90% of its value, leading to allegations of a crypto scam. Boogie2988 addressed the allegations by stating he had advised his audience against serious investment and intended the coin for laughs. YouTube investigator Coffeezilla further scrutinized the situation, bringing it to the public's attention.

YouTuber Steven "Boogie2988" has addressed his audience following allegations of pulling a crypto scam involving a meme coin called Faddy Coin. The controversy began when the coin lost 90% of its value in 24 hours. Boogie2988 claimed that he had intended the coin as a joke and had warned his audience not to take it seriously. However, the significant loss in value led to public backlash and scrutiny from YouTube investigator Coffeezilla. This incident highlights the potential risks and responsibilities associated with influencer-promoted cryptocurrency ventures.