Speaking to Cointelegraph, Newson said that uncovering the truth behind the April crash would require a full forensic study — similar to the one conducted after the collapse of FTX.

OTC Deals Obscure the Full Picture

In an April 15 interview with Coffeezilla, John Mullin, CEO of Mantra, admitted that the team had engaged in up to $30 million worth of OTC deals. These trades, unlike on-chain transactions, are carried out off exchanges and lack public transparency.

“The whale’s accumulation of 100 million OM tokens appears to stem from secondary market activity — not direct action by Mantra insiders,” Newson explained.

Arkham and Nansen Cannot Offer Final Answers

Mullin has denied any insider dumping, arguing that Arkham mislabelled several wallets. But Newson said that even data from Arkham or Nansen would not suffice:

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

“To confirm insider coordination, more than basic wallet tracing is needed. Without offchain agreements or exchange records, reaching definitive conclusions is extremely difficult.”

Audit Still Not Confirmed

Mullin said the team is considering hiring a forensic auditor, though no decision has been made yet. Mantra has asked centralized exchanges to collaborate in analyzing the incident.

Frank Weert, co-founder of Whale Alert, also noted the difficulty in obtaining complete transaction histories, even at the node level.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Unpacking Mantra’s OM Token Crash Requires Full Forensic Investigation appeared first on Coin Engineer.

YouTube researcher Stephen Findeisen, known as “Coffeezilla,” called for an end to the spread of misleading headlines about viral influencer Hailey Welch (also known as “Hawk Tuah”) and her controversial HAWK memecoin launch in an X post on December 6 to his 638,900 followers.

“Can yall stop these insane headlines. She didn’t rug for 500M and she didn’t profit $50M.”

CoffeeZilla: ‘Let’s stay to what we know.’

Coffeezilla claimed that the team behind the memecoin made a “presale of a few million” to strategic advisors who allegedly “sold early” before the tokens were “sniped.”

This statement came after the backlash on social media following Hailey Welch’s Hawk Tuah memecoin launch on December 5.

The newly launched token briefly pumped and then rapidly dumped after its controversial deployment, leading to allegations of sharp sales and insider wallets.

Since then, many speculations have spread online, from lawsuit rumors to claims of profits related to the memecoin. However, Coffeezilla stated that most of these are misinformation.

“Lots to criticize here and I do, but let’s stay to what we know. Team made a few million,”

CoffeeZilla said while reiterating the “exact amount” is unknown. “According to Hawk’s lawyer she’s seen $125k and her tokens unlock in a year,” he said.

Coffeezilla Denies Lawsuit Claims

Coffeezilla stated that it is “currently unknown” where all the profits from the transaction fees and presale have gone. In the meantime, he mentioned that no legal action has been taken yet:

“Oh and she isn’t being sued (yet) so literally everything in this post is misinformation.”

These statements came after the U.S.-based Burwick Law firm suggested in an X post on December 5 that those affected by the launch should contact the firm to understand their legal rights.

Welch’s most recent post on X regarding the matter, shared on December 5, included the message after she claimed to be “copying and pasting”:

“Hawkanomics: Team hasn’t sold one token and not 1 KOL was given 1 free token. We tried to stop snipers as best we could through high fee’s in the start of launch.”

---

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.

The post Coffeezilla Criticizes Hawk Tuah Memecoin Headlines appeared first on Coin Engineer.

Defamation Lawsuit Details

Alleging Findeisen “maliciously and repeatedly [published] false statements accusing Paul of operating a scam,” in relation to the CryptoZoo project, the complaint, filed on June 27 in a San Antonio, Texas District Court, claims The lawsuit claims Paul wants Findeisen responsible for the major damage libelous lies bring to his reputation.

This Might Interest You: dYdX Project Review

Beginning in late 2022, Coffeezilla posted three YouTube videos calling CryptoZoo “Logan Paul’s biggest scam” and charging Paul of robbing his supporters of NFT money retention without delivering the promised product.

Paul’s Defense and Counterclaims

Coffeezilla deliberately removed facts proving Paul‘s dedication to the success of CryptoZoo, claims Paul. According to the lawsuit, Paul was misled by reliable consultants who proved to be fraud artists. The lawsuit says, “Findeisen knew full well that Paul had never set out to scam anyone, but to the contrary had always intended to build a legitimate blockchain-based game.”

Paul blames Eduardo “Eddie,” a fraud, and Jake Greenbaum, an advisor supposedly more focused on personal profit than in supporting the development of a credible enterprise, for the collapse of the initiative.

Late 2022 Paul thought about suing Findeisen, but he decided to concentrate on a $1.5 million CryptoZoo recovery plan. Notwithstanding these initiatives—including $1 million to purchase back NFTs—the idea did not come to pass, hence Paul went on with the case.

Legal and Financial Stakes

Paul is claiming damages more than $75,000 plus interest, attorney expenses, and further damages decided upon by the court.

Background on CryptoZoo

Originally set to open in 2021, CryptoZoo was meant to be a game which users purchase NFT “eggs” using the token used in the game. Based on rarity, players may exchange these eggs for additional ZOO tokens as they would hatch into animals that could be crossed to produce hybrids. With no trading activity, the ZOO token has, however, essentially dropped to zero market capitalization.

Click here to get the latest news from Coin Engineer!

The post Logan Paul Sues YouTuber Coffeezilla Over CryptoZoo Defamation Claims appeared first on Coin Engineer.