- The founder of an AI-themed memecoin claims there is ‘no founder rug pull risk‘ because his partner, Jake Paul, is ‘already rich‘.
- Forensic researcher ZachXBT cited a history of failed crypto projects by the Paul brothers to challenge this assertion, noting they lost over 99% of their peak value.
- The researcher also highlighted three suspicious token sales that appear to violate the founder’s promise to pre-announce insider transactions.
On April 22, 2026, Geoffrey Woo, co-founder of a new cryptocurrency with Jake Paul, publicly declared the venture has a ‘0% rug pull risk.’ He bases this claim on his partner’s existing wealth, despite a controversial track record. However, forensic researcher ZachXBT immediately disputed this assurance, pointing to the Paul brothers’ previous promotional failures.
Consequently, ZachXBT referenced projects like CryptoZoo and Dink Doink, which collectively lost over 99% of their value. Furthermore, Jake Paul previously faced SEC action for promoting TRX without disclosing he was paid.
Meanwhile, ZachXBT suggested a potential future excuse where a bot, not the developer, would be blamed for token dumps. The researcher cited three specific on-chain sales that conflicted with Woo’s promise to announce insider sales transparently.
Geoffrey Woo, a Stanford-educated money manager, co-founded a venture capital firm with Jake Paul in 2021. Despite his background, he continues to reiterate bullish predictions for the token’s price.
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