Is suicide live streaming actually an exit strategy? Zerebro co-founder harvests the market with "inheritance coin"

Original | Odaily Daily Report (@OdailyChina)

Author｜Golem（@web3_golem）

! [Suicide live streaming is actually an exit strategy?] Zerebro co-creates the "Heritage Coins" to harvest the market](https://img.gateio.im/social/moments-84215de417b907f121489b0bfcf14c08)

No matter how many years you have been in the circle, it has been proven that the magical degree of the crypto world is always beyond imagination.

Yesterday, Jeffy Yu, co-founder of Zerebro, finally attracted market attention after several days of fermentation of the "suicide live broadcast" on pump.fun, and the market value of the inheritance coin LLJEFFY that he issued "before his death" has been rising steadily. (Related reading: 22-Year-Old Stanford Genius Commits Suicide on Live Stream, Why Did Zerebro Founder Become a Crypto Sacrifice?)

On the evening of May 6, an article allegedly scheduled for release by Jeffy Yu "before his death" completely ignited public opinion. The article begins by stating that LLJEFFY is his "last artwork," with the developer committing to only buy in and not sell, permanently locking the assets on-chain after death to symbolize the eternal existence of digital heritage. Such a "great" artistic act also caused the market value of LLJEFFY to rise to $30 million.

Zerebro co-founder fake death evidence frequently emerges, the real reason turns out to be to perfectly exit the project

However, did Jeffy Yu really dedicate himself to crypto? Crypto KOL Irene Zhao was the first to question, saying: "I just asked an insider, and he said Jeff is faking his death, let it go now." Subsequently, the community provided frequent evidence supporting the claim that Jeffy Yu is faking his death, and the price of LLJEFFY fluctuated repeatedly between "dead and not dead."

After that, the community uncovered that Jeffy Yu, who was supposed to have become a "deceased person" on May 4, secretly deleted his related operation records on GitHub from May 6, seemingly to cover up the fact that he is still alive.

However, players who still firmly believe that Jeffy Yu is dead think that maybe Jeffy Yu just handed over account control to someone else while he was "alive". But then, community players discovered that the well-known obituary platform Legacy, which could prove Jeffy Yu's death, also deleted the announcement of Jeffy Yu's passing, causing the market value of LLJEFFY to plummet to 2 million dollars.

Jeffy Yu's related address has also been continuously selling its project token ZEREBRO. According to monitoring by Lookonchain, a wallet possibly associated with Jeffy Yu sold 35.55 million ZEREBRO, obtaining 8,572 SOL (approximately 1.27 million USD); subsequently, the wallet transferred 7,100 SOL (approximately 1.06 million USD) to the LLJEFFY developer wallet "G5sjgj". Bubblemaps also analyzed that addresses related to Jeffy Yu sold over 100,000 USD of ZEREBRO within a few days after his so-called death.

It is believed that at this stage, players with judgment have already noticed that the issuance of LLJEFFY, Jeffy Yu's live suicide, the creation of legacy tokens, and the timed release of articles are highly likely to be a script planned in advance by him. Setting up this script may be to avoid the "exit strategy" of a sharp drop in the price of ZEREBRO.

This morning, crypto KOL and Wonderland founder Daniele posted that Zerebro co-founder Jeffy Yu faked his own death, including a funeral website, obituary, and eulogy. But there is solid evidence that: he is still alive.

Furthermore, Daniele publicly revealed a letter sent by Jeffy Yu to an early ZEREBRO investor. The content shows that this was a carefully planned "pseudo-suicide exit" scheme by Jeffy Yu, who fabricated and spread a video of himself purportedly committing suicide, claiming that he had been subjected to continuous harassment and online violence from a former partner, which threatened his personal safety. He chose the "pseudo-death" exit method to avoid enduring stronger dissatisfaction and stated that he would focus on the music field anonymously in the future. Odaily translates the full letter as follows:

I am writing to formally notify you of recent events and my intended future actions, so that you are informed and can make any necessary legal preparations.

I made a video in which I described myself shooting myself. Since then, the video has been widely circulated in multiple crypto communities, and my decision to make and indirectly disseminate this video was deliberate and in my opinion, it was the only viable way for me to interject from the ongoing harassment, blackmail, and threats.

From February to March, I have been subjected to ongoing harassment and online fraud from my former partner. Now, I have become a target of extortion from another significant partner.

In addition, I have continuously become a target of online hate crimes, including frequent public disclosure of my personal address and phone number, which seriously jeopardizes my personal safety. The varying degrees of hatred stemming from race, sexual orientation, and the perceived success I have achieved complicate the situation further.

Being completely exposed with personal information has left me living in fear of robbery and physical harm. Recently, many well-known figures in the cryptocurrency community have had their homes subjected to armed robberies. Due to my address being public, I haven't been able to live comfortably in my house for months.

If I leave publicly, then at the time of my departure, the prices of the ZEREBRO and OPAUM projects will be severely affected, making me a more prominent target. This has precedent when our token price dropped over 90% in January. People will have great dissatisfaction towards me as a developer, and retiring will only lead to further disclosure of my personal information and more potential attacks, because people have invested in the project and suffered losses.

Therefore, this is the only way I can clearly and permanently disengage.

Once I disappear from the platform, from the attention of the community, my physical security increases dramatically and I can get rid of financial blackmail, which ensures that my blackmailers no longer have any financial motivation because they now know that they will never get any more money from me. There's no longer any incentive to post my nudes.

Looking to the future, my career will be entirely focused on music, operating anonymously. I chose this path solely for personal peace, safety, and creative freedom, free from fear or harassment. The endless anxiety of creating sustained value for shareholders has now also been alleviated, giving me ample space for artistic creation and to live a peaceful life.

The specific details are as follows:

• I have informed my family and trusted friends about the situation and told them that I am fine.
• I am prepared to cooperate with law enforcement in any necessary way. I want to ensure that public resources are not misused in this incident.
• I have deactivated my X account and ceased all direct interactions with the artificial intelligence, cryptocurrency, and technology communities and contacts.
• My intention is to permanently withdraw from public life and the vanity fair, continuing to work in art anonymously.
• I did not profit from this matter; on the contrary, my exit from this plan incurred significant legal fees and related costs.
• I am not eligible for witness protection or any other form of protection, nor can I afford the costs of personal security. Although I know this action is unconventional and may be discouraged by legal counsel, I have not submitted false reports to the authorities or provided false statements, nor have I engaged in identity fraud, financial fraud, or any other deceptive practices.

I am healthy both physically and mentally, and do not need any assistance. The exception is any legal preparations or proceedings that may take place after this event. I clearly inform you of these actions and their background, and provide this record as a basis for transparency.

The Alienation of Cryptocurrency from People Has Never Stopped

This farce has come to an end, but we know it is not the last script. In the desolate wilderness of cryptocurrency, there has never been a moment when it stops devouring and alienating people.

JeffyYu actually represents the crypto developers and project teams who are trapped in an invisible cage. They seem to have unlimited power, yet suffer endless torment. Under immense public opinion and financial pressure, they cannot even freely choose to "exit," which is why they resort to the "pseudo-death" exit strategy. He pushes the theatrics of his life to the extreme just to gain a glimmer of freedom. However, from his actions, such as issuing tokens during his "pseudo-death" and continuously dumping Zerebro under greedy gazes, it is difficult for people to truly understand the underlying tone of his so-called "artistic creation."

On the other hand, the crypto market is equally alienating for ordinary users. The close association of crypto with money means that when "Attention = Value" becomes a consensus, Memes have turned into weapons of capital and attention economics. People bet on attention but cannot accept the reality of losses, so every rise and fall lashes at developers like a whip, leaving human nature ravaged in the battlefield of interests. Jeffy Yu is just one of many consumed "scapegoats," which is why he began to fear the public and faked his own death.

In the cryptocurrency industry, countless people come with ideals, but in the end, they are swallowed by the whirlpool of desire. We enter this circle to pursue wealth, but we must not forget our rationality and conscience as ordinary people. We should not let desire push us into the abyss of alienation. When you gaze into the abyss, the abyss also gazes back at you.