What an indictment of our society that this fuck ass ever had that much money and now has more
this post was submitted on 06 Mar 2026
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His net worth is over 2 billion now. It's revolting.
Where are you seeing such a high figure? This article from 2025 says $150 million. I know he has Celsius and wrestling but 2 billion seems like BS
I also saw $150 million, which is more than he deserves but it's mostly because of ownership. Wealth snowballs so even if you make terrible life decisions after the initial investments, you usually come out with even more money.
Nah, it’s genius. A fantastic way to laundry money. It’s like buying paintings but you don’t even need to pay someone to appraise it or a good painter with some sort of good technique.
Yeah, but do paintings typically lose almost all of their value? I thought the idea was that the value should either stay the same or go up.
Either way, in this case, it couldn’t have happened to a nicer guy.
The point here is say you are in business with X party but it's illegal. X party can buy an nft worth nothing or generate one. You buy the NFT for the amount of your bill with X party. You've now technically not paid them for whatever illegal thing, instead you bought an nft from them. You could also break this down into multiple NFTs, buying 100 $100 NFTs from various "owners" that don't link back to X party through shell companies, and you've now paid them $10,000 "for pictures of chimps".
NFTs only exist for money laundering and illicit transfers. Once they've been transferred their value no longer matters, the business has been done.
NFTs only exist for money laundering and illicit transfers
And at least to some degree scamming people even if that's not the main focus. I know a few people that got full on scammed by it
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Thank you! Now for the first time, i finally see the slightest sense in NFTs. I really didn't get it from the start. I heard various explanations and they never made any sense to me. Left me confused every time until now.
Its just a mask for a deal in the background. Ok now i get it.
Yep.
My buddy once went to a farmer’s market where they weren’t allowed to sell beer, but they were allowed to give it away. So he did the oldest trick in the book: scooped up a bunch of rocks in a box, put up a sign that said “Rocks $5,” and “Free beer with purchase of rock.”
NFTs are just the rock.
For Logan Paul, yes, he wanted it to go up.
But if this painting was laundering at work, the important part is that the seller can point to this transaction as "real". The IRS or the FBI might be looking into his sudden gains of half a million dollars, but when they do, they find that he sold Logan Paul half a million dollars of art.
The NFT part makes it incredibly easy to generate said art. Before NFTs, rich people would mark up paintings, and those had to go up in value, because they would buy them at 100,000$ and sell them for 200,000$, so the government would see 100,000$ of profit, but the next guy with the painting, he'd have to sell it for 300,000, claiming 100,000$ in profit, and the next guy, 400,000$, you get the idea.
NFTs can lose value in a way real art isnt allowed to because anyone can claim that's the price, and after the sale, they can be discarded as trash, essentially. New ones can be made in bulk for no effort, and its alright to sell 1000 NFTs at 100$ each, because you can just keep making them and "selling" them and no one has to care about their value in the same way because they're mass producible without that crashing the market.
Thank you for that thoughtful response. That all makes sense.
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How the hell is it even worth $155?
He's really good at scamming people
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Money laundering?
Certainly my guess. No way he was actually dumb enough to pay over £600,000 just for an image someone could "steal" 1:1 just by copying and pasting.
It was almost certainly a way to move money somewhere while retaining plausible deniability, just like with all the other ~~scams~~ projects he's been part of over the years
No way he was actually dumb enough
Let me stop you right there...
... Have you seen this guy talk? He's pretty fuckin dumb.
I think it's the exact opposite - no money actually changed hands. They just sell worthless crap to each other to make it look valuable to suckers.
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no one else going to point out that Logan Paul is somehow not the worst person in that picture
For anyone wondering, she's a conservative influencer who worked with BlazeTV, Toilet Paper USA, contributed opinion pieces to RT and, unsurprisingly, has ties to the Russian government.
More specifically, she and her husband founded tenet media, who ACTUALLY FOR REALS laundered Russian money to shitheads like Tim pool and Dave rubin.
I kinda wish NFTs were still somewhat popular, they were such an effective indicator for the dumbest people alive.
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"Today it is worth $155."
LMAO. No.
Yea ... I agree, it really REALLY isn't worth $155.
Isn't it worth exactly what the highest bidder will pay? Where would the $155 number come from? Seems like an NFT famously owned by Logan Paul would sell for more than $155 anyway. Not saying he'd make a profit here...
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Odd, I always thought they were a means to launder your money.
Get fucked.
We had this ruining the art world right before AI started taking its shot.
NFTs died miserably.
Now it's AI's turn.
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I used to think Bitcoin was a ponzi scheme. I still do, dut I used to, too
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And yet this degenerate asshole is worth ~$150M Laying out bare, being 'smart' has no bearing on wealth.
i fucking loved NFT startups in 2021. it was the definition of easy money. I had like 20 clients like that in 2021 alone and it was the shit. the funniest bit is that literally none of these companies or projects were around by the time 2023 started - all wiped out and most of these entrepreneur bros just moved on to do disposable AI startups instead with equally nothingburger results. what's baffling is that these motherfuckers still manage to raise investments for some bullshit pie in the sky but actual techies with ideas struggle to get a quarter worth of financing even though their ideas actually have legs
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Can confirm, I took one look at NFTs back in 2021 and immediately said "that's fucking stupid."
I somehow....didn't fall for these?
Who with a clear mind and IQ above 0 would fall for that? Seriously!?
In Germany, we have a great saying for such stupid people: “As dumb as a five-meter (~5.5 yard) dirt road.”
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It wasn’t stupid SOMEBODY made a shitload of money - his money.
NFT? you mean money laundering?
New Fraud Template
How much is it worth in Trumpcoin?
The computer can't handle a number that small, it will just round it to 0.
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oh throw up its lauren chen
Why is it even worth $155?
What I want to know is how it's still worth $155?
It was content. He likely made more off of the clowns that made him a millionaire than it cost.
Id probably have bought it as a sticker for 0.50 or a dollar when I was 10
That scam exists because of all the deregulation. With proper regulation all the people pushing NFTs would have had to pay back all they stole.
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