Founder of Zerebro token fakes his death, promotes new "legacy" coin
On May 4, 22-year-old Zerebro founder Jeffy Yu published a blog post introducing "legacoins" — a version of memecoins he said would be used to "define the legacy" of those who had died. Several days later, Yu's Twitter account announced that a "deadman's switch" had triggered the launch of his own "legacoin", $LLJEEFFY. Elsewhere, a video appeared to record Yu's suicide, and an obituary describing him as a "martyr of imagination and creativity" appeared on Legacy.com.It wasn't long, however, before people began to speculate that Yu had faked his death. Wonderland CEO Daniele Sestagalli published a letter he said he had privately received from Yu, where he confessed to faking his death and described it as his "only viable exit from persistent harassment, blackmail, and threats". Others noted that wallets belonging to Yu had been cashing out $ZEREBRO tokens priced at around $1.3 million.Reporters from the San Francisco Standard ultimately located Yu at his parents' house, where he was "agitated and shocked that he had been found after some routine internet searches", and "declined to talk about the false report of his death or how he may have benefited financially from it." "A crypto founder faked his death. We found him alive at his dad's house" , San Francisco Standard Tweet thread by Lookonchain
On May 4, 22-year-old Zerebro founder Jeffy Yu published a blog post introducing "legacoins" — a version of memecoins he said would be used to "define the legacy" of those who had died. Several days later, Yu's Twitter account announced that a "deadman's switch" had triggered the launch of his own "legacoin", $LLJEEFFY. Elsewhere, a video appeared to record Yu's suicide, and an obituary describing him as a "martyr of imagination and creativity" appeared on Legacy.com.
It wasn't long, however, before people began to speculate that Yu had faked his death. Wonderland CEO Daniele Sestagalli published a letter he said he had privately received from Yu, where he confessed to faking his death and described it as his "only viable exit from persistent harassment, blackmail, and threats". Others noted that wallets belonging to Yu had been cashing out $ZEREBRO tokens priced at around $1.3 million.
Reporters from the San Francisco Standard ultimately located Yu at his parents' house, where he was "agitated and shocked that he had been found after some routine internet searches", and "declined to talk about the false report of his death or how he may have benefited financially from it."
- "A crypto founder faked his death. We found him alive at his dad's house" , San Francisco Standard
- Tweet thread by Lookonchain
