{"id":149059,"date":"2022-01-06T19:27:14","date_gmt":"2022-01-06T19:27:14","guid":{"rendered":"https:\/\/precoinnews.com\/?p=149059"},"modified":"2022-01-06T19:27:14","modified_gmt":"2022-01-06T19:27:14","slug":"comedian-stephen-colbert-spoofs-colbert-coin-in-response-to-rise-in-crypto-scams","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/comedian-stephen-colbert-spoofs-colbert-coin-in-response-to-rise-in-crypto-scams\/","title":{"rendered":"Comedian Stephen Colbert spoofs 'Colbert Coin' in response to rise in crypto scams"},"content":{"rendered":"

Stephen Colbert, the charismatic host of CBS\u2019 The Late Show<\/em>, is once again associating many cryptocurrencies with scams \u2014 but doing so by parodying the vernacular of a seasoned HODLer.<\/p>\n

In a Wednesday segment on members of Generation Z falling for scams inside and outside of the crypto space, Colbert referenced the rug pull behind a token inspired by Netflix\u2019s show Squid Game<\/em>, <\/em>in which thousands of investors lost more than $3 million. Together with \u201ccertified young person\u201d and staff writer Eliana Kwartler, Colbert debuted an \u201camazing investment opportunity\u201d designed to obtain people\u2019s credit card numbers, first pet names and the names of the street on which they grew up.<\/p>\n

\u201cIf Gen Zs want to stay safe online, they should invest in this new, amazing cryptocurrency token \u2014 it\u2019s called Colbert Coin,\u201d said Kwartler. \u201cWith Colbert Coin, you give us your savings, and then we cryptocurrency it. After that, you never have to worry about it any more, my stans.\u201d<\/p>\n

<\/p>\n

Colbert added:<\/p>\n

\u201cWe\u2019re busy turning your cash into future money \u2014 to the moon, apes!\u201d<\/p><\/blockquote>\n

The host of both the Late Show<\/em> and Colbert Report<\/em> was one of the few late-night talk show personalities to discuss crypto as early as 2013 when the price of Bitcoin (BTC) was fluctuating between $50\u2013$300. At the time, Colbert described the crypto asset as something that has value \u201cjust because a bunch of people on the Internet have agreed that it is worth something.\u201d<\/p>\n

Related: <\/em><\/strong>Bitcoin payments are the ‘second stupidest idea I\u2019ve heard,’ says Late Show\u2019s Stephen Colbert<\/em><\/strong><\/p>\n

Fellow comedian Jon Stewart \u2014 under whom Colbert worked as a correspondent on The Daily Show<\/em> \u2014 joked about a similar token project using his name in December:<\/p>\n

In the cases of both Colbert and Stewart, their fake projects parody a very real problem in the crypto space: Celebrities who shill tokens that may or may not turn out to be fraudulent. Kim Kardashian promoted EthereumMax (EMAX) in an Instagram story in June 2021\u2014a token that gained 116,000% in one week before falling more than 99% and leaving many investors in the red. <\/p>\n

According to a Thursday report from Chainalysis, scammers received $7.8 billion in crypto stolen from victims over 2021, of which more than $2.8 billion came from rug pulls. While the report noted that 90% of the total value lost to rug pulls in 2021 was the result of major Turkish crypto exchange Thodex halting trading and withdrawals, all others involved DeFi projects. Chainalysis attributed the prevalence of rug pulls to the \u201chype around the space\u201d in addition to the lack of code audits for certain DeFi projects.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Stephen Colbert, the charismatic host of CBS\u2019<\/p>\n","protected":false},"author":3,"featured_media":149058,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nComedian Stephen Colbert spoofs 'Colbert Coin' in response to rise in crypto scams - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/comedian-stephen-colbert-spoofs-colbert-coin-in-response-to-rise-in-crypto-scams\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Comedian Stephen Colbert spoofs 'Colbert Coin' in response to rise in crypto scams - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Stephen Colbert, the charismatic host of CBS\u2019\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/comedian-stephen-colbert-spoofs-colbert-coin-in-response-to-rise-in-crypto-scams\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-06T19:27:14+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2022\/01\/Comedian-Stephen-Colbert-spoofs-Colbert-Coin-in-response-to-rise-in-crypto-scams.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/comedian-stephen-colbert-spoofs-colbert-coin-in-response-to-rise-in-crypto-scams\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/comedian-stephen-colbert-spoofs-colbert-coin-in-response-to-rise-in-crypto-scams\/\",\"name\":\"Comedian Stephen Colbert spoofs 'Colbert Coin' in response to rise in crypto scams - 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