Coin project owner suspected of faking death to escape

The founder of the Zerebro cryptocurrency project is suspected of faking his death to withdraw money and escape. Photo: Crypto Times .

On May 4, Jeffy Yu, founder of the Zerebro cryptocurrency project, unexpectedly broadcast a scene of himself shooting himself on the Pump.fun platform. The San Francisco Chronicle posted an online obituary through Legacy.com for the AI ​​Agent founder, announcing his death. The incident was shocking because Jeffy was only 22 years old and a new name in the industry.

However, just a few days later, blockchain investigators discovered many irregularities around. Even the suicide was suspected to serve the purpose of escaping the pressure of the coin's falling price. At the same time, it was also to promote another memecoin. Jeffy Yu was said to be still alive, and the shocking live footage was just staged.

An X user claims to have obtained a letter from Zerebro’s founder to investors. According to the shared content, Jeffy staged his suicide to escape “persistent harassment,” threats, and blackmail. However, this information has not been verified.

Additionally, the local medical examiner's office told Decrypt that no one with the surname Yu has recently died in the area.

Jeffy Yu's obituary on Legacy.com, now deleted. Photo: @ Vee .

What makes this story more complicated is that after the news broke, a Solana token called LLJEFFY appeared and skyrocketed in price. According to DEX Screener , the cryptocurrency has increased by 2,115% to a market cap of $105 million. The token was reportedly launched through a “posthumous” blog post by Yu, referring to “Legacoin,” a reference to commemorative tokens for the deceased.

According to blockchain investigator @Vee , a wallet linked to Jeffy Yu continued to sell Zerebro for USDC. The assets were then transferred to the address that created the Legacoin (LLJEFFY) token.

@Vee 's statement was again confirmed by blockchain analytics firm Bubblemaps. An estimated 100,000 Zerebro were sold and transferred to LLJEFFY. When this information appeared, the price of Legacoin crashed by more than 80%.

Zerebro is an artificial intelligence project that combines blockchain technology, creating AI Agents that operate in many fields including cryptocurrencies, NFTs, and music creation. The project's Zerebro token once reached a market capitalization of more than 8 billion USD. It helped Jeffy Yu become an influential figure in the field of AI and Crypto.

Money flows related to Zerebro and Legacycoin wallets. Image: Bubblemaps.

This is not the first time the community has seen a “fake death” phenomenon that boosts token prices. Last year, a meme coin developer set himself on fire during a livestream, causing his token to skyrocket. In late 2024, a user hanged himself on a Pump.fun livestream to promote his token. But it was later revealed to be fake.

Currently, Jeffy Yu's X account has been disabled, and the official Zerebro team has not made any public statements. His and the project's true status has not been verified.

Source: https://znews.vn/chu-du-an-coin-bi-nghi-gia-chet-de-thoat-than-post1551659.html