How Youtuber TechLead scammed his own followers out of millions by creating Million Token and got away with it even after being exposed.

For those that don't know Youtuber TechLead always touts his millionaire status and brags that he's an ex Google and Facebook employee. He created the project Million Token as a ' social experiment ' knowing full well he has over a million subscribers and people that are likely to trust him.

Million Token was designed to have a circulating and max supply of 1 million tokens, as the name implies. And since he claimed to have backed it all 1:1 himself it should have been full proof right? He proudly proclaimed that he had invested 1 million dollars in the project on video.

The premise was that Million Token could never sink below a dollar because he personally put 1 million dollars of his own money in there to ensure that the limited and fixed supply would always remain backed. Coffeezilla then checked TechLead's addresses and followed the trail on Uniswap where the coin was listed.

He discovered that TechLead has siphoned over 3 million dollars as his viewers and other buyers were pumping the price. At one point Million Token did over a 200x and this is likely where TechLead started siphoning the money in the background while he was putting out videos on Youtube and ensuring that new blood keeps coming in, Ponzi 101 since he payed himself while new people helped him cover because the price wasn't crashing right away.

To make matters worse, he only ever invested between 50-100k of his own money into the project as the on chain data proves, he lied to his followers and stole millions. How did he manage to get away? His wording, he said it was a ' social experiment ' while encouraging people to buy. He even said people could get rich and referred to it as an opportunity. Absolute scum, and today nothing has come of it because he used clever wording and shielded himself legally in doing so, but used psychological manipulation and half truths to avoid justice. Today the coin is worth $1.48 and #1720 on Coingecko.