09 May 2022 12:16, UTC
Reading time: ~2 m
Singaporean youtuber with nearly 5.5 million subscribers lost $1 million in cryptocurrency due to theft by a friend
Youtuber Jianhao Tan, with nearly 5.5 million subscribers, lost about $1 million in cryptocurrency and NFT due to a friend’s “greed.” Jianhao tweeted about it.
According to Jianhao, his friend stole all apecoin (APE), ether (ETH) tokens as well as a non-exchangeable token (NFT) of the Bored Apes Yacht Club collection. Exactly which NFT is being referred to is unclear. The Singapore youtuber added that he managed the assets through a shared wallet with a friend.
“[…] At some point greed got the better of him. And he sold everything without my knowledge, invested in a gambling site and lost everything,” Jianhao wrote.
He also added that an unnamed friend claims to have been hacked. Nevertheless, his involvement is being tracked through transfers within the blockchain, he stressed Youtuber. Although Jianhao did not disclose the amount of the theft, the media revealed that he may have lost about $1 million as a result of the theft. The youtuber himself promised to tell the full story of the fraud soon.
Read also: Youtuber caught lying about mining $800 in ETH with Tesla
As noted by the media, Jianhao has been actively has promoted his investments in cryptocurrency and NFT. His marketing firm Titan Digital Media even launched its own digital collectibles in December 2021. In 2016 Forbes listed the youtuber as one of the top 30 young leaders in various industries.
Read about how rapper Post Malone was suspected of promoting MoonPay for $700,000 in ETH in a BeInCrypto editorial.
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