The Wallstreetbets collective has denied their involvement with the Wallstreetbets cryptocurrency. A Reddit post by u/OPINION_IS_UNPOPULAR claims an ex-mod is behind the scam, which he describes as a “crypto pyramid scheme.”
In February, at the height of the Wallstreetbets mania, it emerged that the mods had split over a potential movie deal. A power struggle ensued, leading to the group that opposed the deal being booted. Following a post requesting the reinstatement of the ousted group that had over 9,000 upvotes, Reddit stepped in to remove the moderators and restore normality. But with so much complexity to the story, who can be trusted?
Wallstreetbets Deny Creating a Cryptocurrency
Commenting on the Wallstreetbets cryptocurrency, u/OPINION_IS_UNPOPULAR distanced his group from the project, saying it has nothing to do with the real Wallstreetbets crowd.
He said it’s another attempt by the group’s disgraced founder to cash in on the movement’s popularity. Adding, other attempts include phishing users, a paid mentoring group, advertising,