Hasbulla joins the list of celebrities scamming their followers

[Joy_learns_crypto]

This is 2025 and people are still blindly following this celebrities and trusting their hard earned money to them just because they are famous and influential.

Hasbulla is the recent suspect on a now long list of celebrities stealing from their fans and followers.
https://coinpedia.org/news/hasbullas-bulla-token-faces-scam-accusations-amid-growing-crypto-criticism/

The actual figure of what Bulla token has ripped people off is varying, I have read $11 million and maximum of $20 million think is getting extreme, with what happened with the hawk tuah lady one would have taught it is game over for this celebrities and their crypto scam but it still goes on

I will like to share why I think this type of scam is unending and this may create awareness to newbies.

# strike while the iron is hot mentality: or some will say early birds gets the worm, newbie thinks if the are early in crypto the will get the profit even if it is an obvious scam, with this celebrity token the market is very unpredictable and they can rack in millions very early even before your predicted time and can crash out before you can make any move.

#Good guy celebrity: I will use hasbulla as an example he is viewed as a harmless adorable celebrity with some congenital defect which even makes his get people adoring him, think because a celebrity gives off the aura of a good guy can’t get them to scam you could be the end of anyone, don’t trust celebrities by their looks.

#celebrities can’t joke with their reputation: money over anything is the watch word for many celebrities and they will scam you in a heartbeat even if their reputation takes a dent. Don’t bank on anyone’s reputation so celebrities don’t even care about what you think about them, a few giveaways can get their reputations back up.

#Ignorance: this is my personal favorite because it is the leading cause why people fall for this scam tokens. Ignorance added to other factors can make you a very gullible prime target for celebrity scam tokens.

Just see celebrities as celebrities and not your financial advisor or financial helpers.

[Porfirii]

Unfortunately most memecoins end up that bad, but when can we say that it is a scam and not simply a bet? even the Trump family launched their own coins, but I doubt they'll be ever charged for it. People knows or should know that these coins/tokens are very volatile and that they can win much in the short term or end losing all their money if things go wrong. Unless the creator of the token manipulates the market (because he kept many of them for himself and he sold them all at once on the market, for example) the line between a scam and a game of chance is blurred IMO.

[Joy_learns_crypto]

Unfortunately most memecoins end up that bad, but when can we say that it is a scam and not simply a bet? even the Trump family launched their own coins, but I doubt they'll be ever charged for it. People knows or should know that these coins/tokens are very volatile and that they can win much in the short term or end losing all their money if things go wrong. Unless the creator of the token manipulates the market (because he kept many of them for himself and he sold them all at once on the market, for example) the line between a scam and a game of chance is blurred IMO.

Anyone going into the Trump family coin because of the Trump name then they are taking a gamble and it is not a solid investment move. Yes investment is risky, life is risk or what every popular phrase there is but this is a risk that could pay off but highly likely you fall into those who will lose. Backing up investment risk with greed(quick profit) is a foundation for failure even if you get lucky on one token that turns out to be a scam you may not be lucky on the next.

[AVE5]

newbie thinks if the are early in crypto the will get the profit even if it is an obvious scam, with this celebrity token the market is very unpredictable and they can rack in millions very early even before your predicted time and can crash out before you can make any move.

That's very true, lot of newbies out of selfishness and ignorant intentionally invests their funds of illegitimate sources without undermining the risks that the industry might break down any moment just because of testimonies others who had been cashing are accounted while invested in the same investment source.
So they're usually attracted to newly launched opportunities such as the Ponzi schemes that gives profit returns in short terms and the shit coins that're full of hype of bringing short term returns believing before they developers would turn to shutdown the market, they must have made a lot of money so even if the system crashes then, they'd have nothing to loose meanwhile, these newbies or ignorantic set of people forgets that these scammers can just take them unaware and take their decisions leaving the investors regrettable memories of the disasters in the desires of opportunities that seem to appear golden or just too good to achieve in a short term.

[Aanuoluwatofunmi]

This is 2025 and people are still blindly following this celebrities and trusting their hard earned money to them just because they are famous and influential.

I can remember if a president who also announced a memecoin and got scammed to later realized they were actually bad actors, but it's too late because it has been announced already through his official handle and many citizens have invested.

I can't be that foolish to invest with a celebrity on altcoins when I know about the risk involved and why I can't claim my money back in case if anything happened, not your keys not your coins, the other risk involved here is that the investment is on altcoin, we are all going to be here to witness the end of all these soon.

[GreatArkansas]

If this is really true, Hasbulla is fcked up. He just wasted his name and fame. There are a lot of ways to earn money if I were him in a good way, especially since you are already popular, you already have the audience.
I remember a lot of people, especially in our country who are really popular online, like celebrities, but they intend to shill some projects that are really fishy and obvious scams.

[ethex]

This is 2025 and people are still blindly following this celebrities and trusting their hard earned money to them just because they are famous and influential.

Hasbulla is the recent suspect on a now long list of celebrities stealing from their fans and followers.
https://coinpedia.org/news/hasbullas-bulla-token-faces-scam-accusations-amid-growing-crypto-criticism/

The actual figure of what Bulla token has ripped people off is varying, I have read $11 million and maximum of $20 million think is getting extreme, with what happened with the hawk tuah lady one would have taught it is game over for this celebrities and their crypto scam but it still goes on

I will like to share why I think this type of scam is unending and this may create awareness to newbies.

# strike while the iron is hot mentality: or some will say early birds gets the worm, newbie thinks if the are early in crypto the will get the profit even if it is an obvious scam, with this celebrity token the market is very unpredictable and they can rack in millions very early even before your predicted time and can crash out before you can make any move.

#Good guy celebrity: I will use hasbulla as an example he is viewed as a harmless adorable celebrity with some congenital defect which even makes his get people adoring him, think because a celebrity gives off the aura of a good guy can’t get them to scam you could be the end of anyone, don’t trust celebrities by their looks.

#celebrities can’t joke with their reputation: money over anything is the watch word for many celebrities and they will scam you in a heartbeat even if their reputation takes a dent. Don’t bank on anyone’s reputation so celebrities don’t even care about what you think about them, a few giveaways can get their reputations back up.

#Ignorance: this is my personal favorite because it is the leading cause why people fall for this scam tokens. Ignorance added to other factors can make you a very gullible prime target for celebrity scam tokens.

Just see celebrities as celebrities and not your financial advisor or financial helpers.

What do you think could be done (by regulators, platforms, or the crypto community) to better protect people from falling for celebrity-backed crypto scams?

[BIT-BENDER]

What do you think could be done (by regulators, platforms, or the crypto community) to better protect people from falling for celebrity-backed crypto scams?

If I was to share my opinion this I will say that Some of these celebrities actually go to court concerning issues such as this, but I think with the money in their pocket they can be able to get the best lawyers and get off this sort of situation.
The best is that you as an individual protect yourself and learn from other people's experience, if I were asked I don't think this will every stop and people will always fall victim to celebrities antics just don't be amongst the gullible ones.

[hd49728]

Hasbulla is the recent suspect on a now long list of celebrities stealing from their fans and followers.

The actual figure of what Bulla token has ripped people off is varying, I have read $11 million and maximum of $20 million think is getting extreme, with what happened with the hawk tuah lady one would have taught it is game over for this celebrities and their crypto scam but it still goes on

Blockchain and cryptocurrency have become a favorite place for celebrities to scam greed, naive and careless people. With open source code as well as many available tools for token creation, it's very easily to launch a meme token project without any considerable resource. No development is needed, and only some writings for Whitepaper that can be plagiarisim as we witnessed with ICO scams in the past, and now with AI, it can be AI-generated Whitepapers.

Honestly I don't know Hasbulla, who is this celebrity?

I appreciate your thread as another warning to people about this risk that is emerging recent months. Meme tokens are very scam, stay away from them.
https://www.coingecko.com/learn/meme-coins-good-bad-ugly

[Hamza2424]

This is 2025 and people are still blindly following this celebrities and trusting their hard earned money to them just because they are famous and influential.

Hasbulla is the recent suspect on a now long list of celebrities stealing from their fans and followers.
https://coinpedia.org/news/hasbullas-bulla-token-faces-scam-accusations-amid-growing-crypto-criticism/

Wait that little cute dude is scamming people out there, and he have already done it once before, hmm I know some about Barsik but I totally forget about it but now with this news, this little dude is really playing a risky game especially with their followers because he have huge fan following and he could have made more than $20 million easily but he still preferred to make money this way is really unbelievable.

It is possible if its not him, because I don't think he is that smart maybe it is the team he is with or the people he is with, although the coinpedia's article mentioned Wise advice blames the CEO of Binance - CZ for this how is that possible he is not even the CEO right now. Maybe he had promoted it but I did not get that part.

[qwertyup23]

Unfortunately most memecoins end up that bad, but when can we say that it is a scam and not simply a bet? even the Trump family launched their own coins, but I doubt they'll be ever charged for it. People knows or should know that these coins/tokens are very volatile and that they can win much in the short term or end losing all their money if things go wrong. Unless the creator of the token manipulates the market (because he kept many of them for himself and he sold them all at once on the market, for example) the line between a scam and a game of chance is blurred IMO.

I think most meme coins have the reputation of being a "pump-and-dump" scheme where people would somehow manipulate its price and when it reaches a certain threshold, they would sell in one go.

Most (if not all) meme coins do not have any basis for its price which makes them very volatile. Given that they have nothing to represent (which makes it a "meme"), the price of it in the market is generally unpredictable compared to altcoins or bitcoin.

Following with the accusation against Hasbulla, it is safe to say that whenever we see personalities, celebrities, or even politicians represent a certain meme coin, take advantage of its initial fame and quickly liquidate it on a price above when you initially purchased it. Long-term HODLing just does not work in meme coins.

[Orpichukwu]

Choosing to invest in memecoins already means you have decided to gamble with your money and should be prepared for whatever the outcome is. If there is anything in crypto that should fall under the category of "Ponzi", memecoins are in the perfect place because there are always two parties involved in memecoins: the party which pumps in money for the other party or takes it out. One has to suffer the loss so that the other can be able to swim in wealth.

Memecoins are no longer much of a community-driven something, but now it's celebrity-driven. Nobody can create and pump a token and expect a large pull unless it's those with a high fan base who can pull such a thing off, or they are the creators, or they are promoting the coin for the developers.

[adultcrypto]

This pattern of celebrity creating memecoins is becoming very disturbing and should be condemn by al and sundry because it always end up hurting their innocent supporters. Some of these celebrities do not even care about their supporters neither do they give a hook about their reputation as celebrity, else they will not get involved in something that will ruine their reputation. Unfortunately, people are so obsessed with celebrities to the point that they can virtually do anything suggested by them, this is where the problem is. I think Donald Trump and family have given legitimacy to some of the actions of these celebrity since they also have cryptocurrency in their name, another disaster that will explode after their term in office. Anyone buying memecoins should do that with what they can afford to lose.

[Floxynice]

This pattern of celebrity creating memecoins is becoming very disturbing and should be condemn by al and sundry because it always end up hurting their innocent supporters. Some of these celebrities do not even care about their supporters neither do they give a hook about their reputation as celebrity, else they will not get involved in something that will ruine their reputation. Unfortunately, people are so obsessed with celebrities to the point that they can virtually do anything suggested by them, this is where the problem is. I think Donald Trump and family have given legitimacy to some of the actions of these celebrity since they also have cryptocurrency in their name, another disaster that will explode after their term in office. Anyone buying memecoins should do that with what they can afford to lose.

If in these present times, where there are lots of materials and platforms available for people to read about investments, coins, risks, and what to or what not to do with their money, people still blindly trust strangers whom they tag as celebrities with their money without conducting due diligence, then it’s all on them.

Sometimes, these celebrities aren’t really scammers, but most of these coins do not have what it takes to last long in the crypto space. They ride on hype and crash once the hype fades. Investing in these kinds of coins is very risky, no matter how well they are presented. Newbies owe themselves the responsibility of asking questions from multiple sources before doing anything.

Celebrities are business people and their fans are their products. They will make as much money as possible from gullible fans.

[suzanne5223]

Unfortunately most memecoins end up that bad, but when can we say that it is a scam and not simply a bet? even the Trump family launched their own coins, but I doubt they'll be ever charged for it.

Memecoin is a paradise for deceits and scams.
Anyone crypto investor that still entertain memecoin due to the promotional multiplier posted by an influencer, or recommendation, doesn't worth being in crypto because the memecoin space is glaring the new era of crypto ponzi scheme, and the sad thing is that people still took the initiative of making a quick profit to join it, and they are later used as stepping stones for the project team.
 
The rules and regulations about crypto in the US are different, and I believe the  Trump family can be charged if they scam their community unless there's is a laws that exempts the President from such a thing. However, people like the Trump family can use the idea of memecoin high volatility and not advise the public to invest in their memecoin as a profit guarantee.
I believe this is why they are using the market manipulation strategy.

[HONDACD125]

Wise investors and traders will never be victims of such scams or so-called celebrity rip-offs because they know their limits and they know where they should and shouldn't put their money. You can't buy into a coin or token only because it is associated with a celebrity and expect high returns because we know meme coins are extremely risky, and you will either profit or lose your investment in them, so one should grow some sense before they make such financial decisions and only invest what they can afford to lose instead of becoming greedy and going all-in with the hope of getting it doubled or more.

It's understandable that the celebrities getting themselves involved in these things are wrong, but I wouldn't blame them completely because those who are investing their hard-earned money into such things should gain enough knowledge first before they do this, because them throwing away their money like that shows a lack of understanding and knowledge in them about cryptocurrencies in general.

[Patikno]

Based on the news I saw, it turns out that Hasbulla has experienced many failures in crypto, starting from launching an NFT collection, voicing a project that turned out to be a scam, and to the Barsik token which was booming, but in the end experienced a very drastic dump. I don't really know if he was really involved in these projects, but what is clear is that this is a failure. Actually, things like this have happened often, just like the Trump or Melania tokens which at this time we can say are failures when viewed from the value of the token itself.

Therefore, I often tell people, especially those who are new to crypto, to be careful when investing in crypto so as not to experience losses or even lose all the money, even if you are interested and want to try, then I suggest trying only one to five percent of your total finances, and don't put in a lot of money or what is usually said "Don't put all your eggs in one basket". However, I would rather stick with Bitcoin.

[lionheart78]

Isn't this the normal flow of almost all cryptocurrency projects that were launched?  They were so focused on how Hasbulla moved some millions of dollars from the pre-sale when the XRP itself is blatantly scamming its community by selling pre-mined coins monthly.  Compared with the XRP scheme, this is a small case in relation to money being milked from the community.

Anyway, I am not defending Hasbulla and I support that if there is any scam attempt on his launched project, he should face the consequences.  But people really never learned, Hasbulla had been involved in a failed cryptocurrency project suspected or accused of rug-pulling its fund and leaving the community with worthless tokens/coins.

One lesson learned here, no matter how popular the person advertising any crypto project is, never easily trust them completely. Just because they are popular, they will never play trick or scheme on us, that is a huge fallacy.  Celebrities are still people, and they often center on their personal gains so be most careful the more popular the celebrity endorser is.

[Alphakilo]

Celebrities are influencers and the hold a lot of influence on their funds and followers most of which are very young people without experience. These celebrities are just after the influencing money without wanting to know what products they are trying to sell to their funds and followers.

It is all selfishness.

There are no policy against celebrities promoting scam projects so they continue to collect the gig. There should be a law that they will be imprisoned if the gig turns out to be a scam project. If this happens, they will do their homework and care about their fans and followers more.

[Bitcoin Smith]

People won't even hesitate to buy shit if a famous person say it's yummy one, so can't expect them to be any better.

They're here to make money like everyone else, some is being used for wrong intentions without even their knowledge and later blame them for being the face of whole thing but no one really questions the one who thought yes he is gonna make me rich.

Perception is important than our perspective though.