Original | Odaily Planet Daily ( @OdailyChina )
Author: Golem ( @web3_golem )
No matter how many years you have been in the circle, the fact is that the magic of the crypto circle will always exceed peoples imagination.
Yesterday, the suicide live broadcast of Jeffy Yu, co-founder of Zerebro, on pump.fun finally attracted market attention after fermenting for many days. The market value of the legacy coin LLJEFFY issued by him during his life has been rising. (Related reading: 22-year-old Stanford genius committed suicide on live broadcast, why did the founder of Zerebro become a crypto sacrifice? )
On the evening of May 6, an article that was suspected to be published by Jeffy Yu during his lifetime completely ignited public opinion. The article began by saying that LLJEFFY was his last artwork and that developers would only buy it and not sell it. After his death, the assets would be permanently locked on the chain to achieve the symbolic perpetuation of digital heritage. Such a great artistic act also increased the market value of LLJEFFY to 30 million US dollars.
Evidence of Zerebros co-founders fake death emerged frequently, and the real reason turned out to be to exit the project perfectly
However, did Jeffy Yu really devote himself to cryptocurrencies? Crypto KOL Irene Zhao was the first to question this, saying, I just asked someone who knows the situation, and he said Jeff is faking his death. Okay, lets just go. Subsequently, the community came up with evidence that Jeffy Yu was faking his death, and the price of LLJEFFY also kept jumping between dead and alive.
Afterwards, the community found out that Jeffy Yu, who should have been dead on May 4, secretly deleted his Github operation records on May 6, seemingly trying to cover up the fact that he was not dead.
However, some players who still believed that Jeffy Yu was dead thought that maybe Jeffy Yu just handed over the control of his account to someone else before his death. But then, some community players found that Legacy, the only well-known obituary platform that could prove Jeffy Yus death, also deleted the announcement of Jeffy Yus death, and the market value of LLJEFFY fell to 2 million US dollars.
Jeffy Yus related addresses are also constantly selling his own project token ZEREBRO. According to Lookonchain monitoring , a wallet that may be related to Jeffy Yu sold 35.55 million ZEREBRO and obtained 8,572 SOL (about 1.27 million US dollars); then, the wallet transferred 7,100 SOL (about 1.06 million US dollars) to the LLJEFFY developer wallet of G5sjgj . Bubblemaps also analyzed that the addresses related to Jeffy Yu had sold more than $100,000 of ZEREBRO within a few days after his alleged death.
I believe that by now, players with good judgment have seen that the issuance of LLJEFFY, Jeffy Yus suicide live broadcast, the creation of legacy tokens, and the regular release of articles are most likely a script he planned in advance. Setting up this script may be an exit strategy to avoid a sharp drop in the price of ZEREBRO.
This morning, crypto KOL, Wonderland founder Daniele posted a post saying that Zerebro co-founder Jeffy Yu faked his own death, including the funeral website, obituary, and eulogy. But there is solid evidence that he is still alive.
In addition, Daniele disclosed a letter Jeffy Yu sent to an early ZEREBRO investor. The content shows that this was a fake death exit plan carefully planned by Jeffy Yu . He forged and spread a video of himself shooting himself because he had been harassed and cyberbullied by his ex-partner, and his personal safety was threatened. In order to stop himself from suffering more intense dissatisfaction, he chose to fake death to exit, and said that he would focus on the music field anonymously in the future. Odaily translated the full text of the letter as follows:
I am writing to formally notify you of recent events and future actions I intend to take so that you are aware and can make any necessary legal preparations.
I made a video in which I describe shooting myself. This video has since been widely circulated in multiple crypto communities. My decision to make and indirectly circulate this video was a deliberate one, as it seemed to me to be the only viable way for me to get past the ongoing harassment, extortion, and threats.
From February to March, I have been the subject of sustained harassment and online fraud by my ex-partner. Now, I am the target of blackmail by another significant other.
Additionally, I have been the target of ongoing online hate crimes, including frequent public postings of my personal address and phone number, which have severely compromised my personal safety. This has been compounded by varying degrees of hatred based on race, sexual orientation, and my perceived success.
Having my personal information completely exposed has caused me to live in constant fear of being robbed and physically harmed. Recently, many prominent figures in the cryptocurrency community have had their homes robbed. I have been unable to live comfortably in my house for months due to my address being public.
If I leave publicly, the price of the ZEREBRO and OPAUM projects will be severely impacted when I am leaving, which will make me a stronger target, as was the case in January when our token price dropped over 90%. People will be extremely unhappy with me as a developer, and retiring will only lead to further leaks of my personal information and more potential attacks as people lose money investing in the project.
Therefore, this was the only way I could definitively and permanently disengage.
Once I was off the platform and out of the communitys attention, my physical safety increased significantly, I was free from financial blackmail, and it ensured that my blackmailers no longer had any financial motivation, as they now knew they would no longer get any money from me. There was also no longer any motivation to publish my nudes.
Going forward, I will be fully dedicated to my career as a musician, speaking anonymously, a path I have chosen for my personal peace, security, and creative freedom, without fear or harassment. The endless anxiety of creating sustained shareholder value is now alleviated, giving me the space to create art and live a peaceful life.
The details are as follows:
I have informed my family and trusted friends and told them I am fine.
I am prepared to cooperate with law enforcement in any way necessary. I want to ensure that public resources are not used inappropriately on this matter.
I have deactivated my X account and stopped all direct interactions with AI, cryptocurrency and technology communities and contacts.
My intention is to withdraw permanently from public life and fame and continue to work in art in anonymity.
I made no profit from this venture, but rather incurred substantial legal and related costs in connection with my exit from this program.
I am not eligible for witness protection or other forms of protection, and I cannot afford personal security. While I understand this action is unconventional and may be discouraged by legal counsel, I have not filed false reports or made false statements to authorities, engaged in identity fraud, financial fraud, or other deceptive practices.
I am physically and mentally healthy and do not require any assistance. The exception is any legal preparations or proceedings that may follow this incident. I clearly inform you of these actions and their context and provide this record as a basis for transparency.
Encryption has never stopped alienating people
This farce has ended, but we know it is not the last one. In the encrypted wasteland, the devouring and alienation of people has never stopped.
JeffyYu actually represents crypto developers and project owners who are trapped in an invisible cage. They seem to have unlimited power, but they suffer endless torture. Under the huge pressure of public opinion and finance, they cannot even quit as they please, so they choose the exit strategy of faking death. He pushed the drama of his life to the extreme, just to get a little freedom to escape. But from the perspective of behavior, he issued tokens when he faked death and continued to sell Zerebro under greedy eyes, which makes it difficult for people to truly understand the background of his so-called artistic creation.
On the other hand, the crypto market is also full of alienation for ordinary users. Crypto is closely related to money. When attention = value becomes a consensus, Meme has become a weapon of capital and attention economy. People bet on attention, but they cannot accept the fact of loss. Therefore, every rise and fall will lash the developers like a whip, making humanity devastated on the battlefield of interests. Jeffy Yu is just one of the many scapegoats who are consumed, so he began to fear the public and faked his death.
In the crypto industry, I believe that countless people come here with ideals, but are eventually swallowed up by the vortex of desire. We enter this circle to pursue wealth, but we must not forget our rationality and conscience as ordinary people, and not let desire push us into the abyss of alienation. When you stare into the abyss, the abyss is also staring at you.
