Crypto Founder Jeffy Yu Faked His Own Death on a Live Stream

On Sunday , May 4 , Jeffy Yu take his own life on a live stream . On Wednesday , he was hanging out at his parents ’ family , alive and well . The San Francisco Chronicle get across down Yu , the beginner of cryptocurrency token Zerebro , who had apparently faked his own death in dramatic fashion and take flight in an apparent attempt to both get out of the crypto space and John Cash in on the attention that the story bring to his crypto projects .

Yu ’s shop death was captured on video , which appeared to show him hold a accelerator to his chin and seemingly pulling the initiation , do the headphone to shine . While it wasreported by CryptoSlatethat the video was a part of a live stream on the memecoin site Pump.fun , the sitedeniedthat such an event occurred on its platform .

Shortly after his apparent demise , an obit for Yu appear on Legacy.com cry him a “ Martyr of Imagination and Creativity , ” and describe his life as being “ lived with intensity , glare , and a devotion to creative activity that he hoped would inspire others for timeless existence . ” The obituary apace disappear from the situation and is no longer available .

An illustration of a miner mining for cryptocurrency

An illustration of a miner mining for cryptocurrency© Vitte Yevhen/Shutterstock

In addition to the glowing , likely ego - authored obit , Yu also released another self - testimonial : a memecoin dedicated to himself that was supposedly launch as a result of his apparent death . “ If you ’re reading this , it ’s because my 72 hour deadman ’s switch triggered so i ’m not here , at least physically , ” the messageread . It accompanied the launch of $ LLJEFFY , which Yu referred to in his launch subject matter as “ an interminable grave in internet . ” The coin quicklyclimbed in valueas crypto vendee rise in .

And then the mistrust take up . There was a lot of oddness hem in Yu ’s death from the start , and some started calling into enquiry whether the whole thing was an elaborate stunt . One X usernotedthat Yu appear to corrupt ads on X for the memecoin to get more attending . Blockchain depth psychology organization BubbleMaps spotted money moving from wallet associated with Yu — first$100,000moved from his coin Zerebro to LLJEFFY , then another sell - off of$1.4 millionworth of Zerebro as the value of the coin pop to climb from the attention bring by his death . Per Decrypt , LLJEFFY surged 2,115 % after release , reaching a marketplace cap of around $ 105 million .

By Wednesday , the jig was amply up . TheSan Francisco Standard found Yuat his parents ’ home in the urban center , and he gross out out . “ I ’ve been doxxed . I ’ve been harassed . If you may find me , other people can find me , ” he severalise the composition . “ Now I have to move my parents out of here this week . ” give how much he seemed to have cash out during his brief time as a ghost , it seems like he should be capable to line up them somewhere nice .

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