Despite reports of his death, Jeffy Yu, co-founder of the Zerebro project, is now under scrutiny after blockchain investigators traced ongoing activity from a wallet address allegedly tied to him. The controversy surrounding Yu’s presumed passing has sparked accusations of a potential “Jeffy Yu exit scam” as the wallet linked to him dumped ZEREBRO tokens , transferred USDC to an exchange, and deployed a new token called LLJeffy , which saw its price surge on May 6.
Presumed Death Raises Red Flags
Unconfirmed reports claim that Jeffy Yu died by suicide on May 4, 2025, during a livestream on Pump.fun.
However, skepticism quickly emerged when @RepeatAfterVee, a user on X, identified an active wallet address (G5sjgjPdFdoz7hRa49yDobeSdqMooCmDwsCUERqLTfyr) believed to belong to Yu.
“If I were a scammer wanting to fake my death to launch a shitcoin, I would look for paid obituary sites,” said blockchain investigator @dethective.
According to @RepeatAfterVee, the wallet dumped ZEREBRO tokens, converted them into USDC, and transferred the funds to the HTX exchange. A portion of these funds was then sent to another sub-wallet associated with Yu, where LLJeffy, a new token rumored to be Yu’s final creation, was deployed.
Price Fluctuations Fuel Community Doubts
The news of Yu’s death caused immediate fluctuations in ZEREBRO’s price, which dropped from $0.0427 to $0.0409 before recovering to $0.0494. Earlier in April, ZEREBRO had surged 300% , with trading volumes exceeding $150 million.
Yu’s earlier release of a “manifesto” introducing Legacoins —a memecoin concept focused on legacy, immortality, and permanence—added fuel to suspicions. His alleged death shortly after this announcement has led many to question whether the event was staged to facilitate a coordinated exit strategy.
Community Reacts to Fake Death Allegations
Initial reactions to Yu’s reported death were filled with condolences, including tributes from prominent figures like Irene Zhao, who expressed grief over the loss of the 22-year-old co-founder. However, doubts soon surfaced within the crypto community.
Critics also pointed to the website reporting Yu’s death, Legacy, which operates on a pay-to-post model and holds a dismal 1.3-star rating on Trust Pilot. This raised further questions about the authenticity of the obituary and the circumstances surrounding Yu’s alleged passing.
Blockchain Evidence Points to Staged Drama
Blockchain investigator @dethective analyzed the wallet activity, suggesting a staged drama for an exit strategy. The launch of LLJeffy and its price surge indicate a plan to offload assets. Attention was likely diverted to mask the true intent.
The timing and execution of these events have left the community divided. While some mourn Yu’s passing, others remain convinced that the alleged death is a ruse to escape accountability for dumping tokens and profiting illicitly—a classic Jeffy Yu exit scam.
Broader Implications for the Crypto Community
The Zerebro saga highlights risks in the volatile crypto world, especially with memecoins and opaque projects. This incident could warn about speculative investment dangers. It shows how some may exploit community trust for personal gain.
For now, the truth remains elusive, leaving investors and enthusiasts to piece together clues from blockchain data and social media posts.
Final Thoughts
The alleged death of Jeffy Yu has raised doubts about the Zerebro project. His wallet’s activity hints at a possible scam or tragedy. The incident underscores the need for accountability in crypto. Investigations are ongoing to clarify the truth. The community waits to see if it’s deception or misunderstanding.
