On-chain transactions and a circulating letter attributed to Jeffy Yu counsel the Zerebro co-founder could have staged his suicide as a part of a deliberate exit from the crypto business.
Rumors began circulating on Could 4 that Zerebro (ZEREBRO) co-founder Jeffy Yu had committed a suicide throughout a livestream on the memecoin launch platform Pump.fun. A video that appeared to point out Yu smoking a cigarette after which capturing himself within the neck unfold quickly on crypto X. Whereas some have been skeptical, many believed it to be real — particularly after Yu’s obituary was printed two days afterward the memorial platform Legacy.
Nevertheless, mounting proof now suggests the experiences of his dying could have been fabricated. First, the Legacy obituary is not obtainable.
Extra tellingly, on-chain knowledge exhibits that a number of transactions tied to Yu’s pockets have been executed after his alleged dying. In accordance with Lookonchain, a pockets seemingly tied to Yu offered 35.55 million ZEREBRO tokens for 8,572 SOL (roughly $1.27 million), and subsequently transferred 7,100 SOL (round $1.06 million) to the event pockets of LLJEFFY, a coin Yu launched on the day of his alleged suicide.
Blockchain analytics agency Bubblemaps additionally reported that the LLJEFFY deployer and related wallets have been actively buying and selling and burning tokens after Yu’ alleged dying. One pockets, 5Ko12, alone sold over $170,000 price of ZEREBRO throughout a number of transactions.
Along with on-chain indicators, an unverified letter allegedly written by Jeffy Yu to buyers is presently circulating on X. In that letter, Yu says he staged the suicide video as a deliberate act to exit the crypto area, stating:
“I created a video during which I depict myself capturing myself. My choice to create and not directly disseminate this video was deliberate. In my perspective, this was my solely viable exit from persistent harassment, blackmail, and threats.”
He additionally explains that leaving publicly with out triggering additional backlash and doxxing was unattainable:
“Had I stepped away overtly, I’d have tanked the value of ZEREBRO and OPAIUM initiatives when my departure grew to become imminent. This might have resulted in much more intense focusing on, which was beforehand evidenced when out token worth >90% in January, inflicting a large improve in resentment in direction of me as a developer.”
In the meantime, ZEREBRO and OPAIUM tokens have each tanked 20% up to now 24 hours, whereas the brand new coin LLJEFFY is up over 100% over the identical interval and 24% up to now hour alone.
