"Reason to be cautious about Jampzey"
People wanted me to negatively review Jampzey instead of slashing him ( I mean fair, the Hydraze slash was inconclusive, it's unlikely to pass so I'll post my thoughts here )
TLDR:
- Jampzey is not as reputable as he seems
- Jampzey was promoting an obvious ponzi to his group
- Jampzey sold 100e worth of NFT right before ponzi collapse
- This is sad because I actually always liked Jampzey and thought he was a solid member of our community.
What makes Jampzey's case stand out from the other defendants in this lawsuit is that he practically told on himself. When he first introduced the TradeAI B2B investment pools to his On Chain Buccaneers community on July 14, 2023, he acknowledged in his own words that "there is always an element of Ponzi." He said it was "a highly risky play"... then in the same message told everyone he'd already withdrawn profits five times and encouraged them to deposit. That's not a disclaimer. That's someone who understood the risk, profited from it early, and passed the bag to his followers.
He didn't stop there. Over the following months, Jampzey bragged on Discord about pulling 35.9 ETH (roughly $67,000) out of the TradeAI pools. He told his community that "99% of users in TAI via OCB are in profits" and that "not ONE PERSON is in the red on this trade." He was relentless in promoting a scheme offering 15% returns every 10 days.. so like, 14,000% annualized... as if it were a legitimate opportunity. 214 people from around the world are now plaintiffs in a federal lawsuit (Case No. 1:24-cv-9378-LAK, S.D.N.Y.) that tells a very different story: the trading accounts actually lost over $4 million, and the only way anyone ever saw a return was from newer depositors' money.
Jampzey's involvement went deeper than promotion, allegedly. He co-founded Flare Labs, which the complaint describes as being embedded in TradeAI's operations. He co-founded OCB, the community that served as one of the primary funnels for investor money. He sat on the governance team of the UA3/StakX syndicates. His team members were signatories on the multisig controlling investor funds (ALLEGEDLY, as hydraze would say). He publicly stated that OCB put "a lot of our resources, reputation, and weight behind TradeAI."
And then, in late September and early October 2023 - right before the whole thing publicly imploded - **he sold 100 ETH worth of NFTs at peak prices.** Draw your own conclusions from that timing.
I don't think Jampzey's credibility score reflects who he actually is.
