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What CxCoin said it would do
CxCoin’s project-authored white paper described a community token and a cryptocurrency donation platform for streamers and content creators. It named Denino as the project’s founder. The document also proposed an NFT marketplace and a CxCoin game; those were plans in the white paper, not proof that either product was delivered.
The white paper specified an 11% transaction tax, allocated as 2% for static rewards, 6% for automatic buyback, and 3% for a marketing wallet. Those figures describe the project’s stated tokenomics, not independently verified transaction records.
What Coffeezilla alleged
In a video published January 31, 2022, Coffeezilla alleged that more than $500,000 had been taken from CxCoin-related presale, marketing, and liquidity funds. His video portrayed CxCoin as having been presented as a long-term project and recounted his conversation with Denino. The amount is Coffeezilla’s allegation and accounting, not a judicial finding. Watch Coffeezilla’s video.
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How Denino explained the withdrawals
Contemporary coverage reported that Denino acknowledged withdrawing funds but rejected the claim that holders had been scammed. His explanation, as reported, was that moving the funds was a strategic response to a declining crypto market. ge’s 2022 report also quoted Denino in Portuguese translation: “Quero dizer que parte da responsabilidade é deles, também por terem colocado muita emoção nisso (…) Sim, eu poderia devolver o dinheiro, está ao meu alcance, mas eu vou cuidar de mim. Essa é apenas a resposta mais honesta agora.”
Kotaku rendered a related remark in English as: “Part of the responsibility is on [the fans] as well for putting too much emotion into it,” Ice Poseidon said. That wording is Kotaku’s reported quotation, not a verified transcript. Read Kotaku’s report.
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Dexerto later reported Denino’s denial: “I did not ‘steal’ or ‘scam’ anyone. nor did i make money on the expense of others.” Dexerto also reported his claim that he made $300,000 without doing so at holders’ expense. These are Denino’s statements as quoted by the outlet, not independent findings. Read Dexerto’s report.
Why the reported amounts differ
Coverage used different categories and totals, so the figures should not be combined into a single definitive loss number. ge reported about $200,000 withdrawn from a presale fund, about $250,000 from the marketing wallet, and a little over $291,000 from liquidity; its account described the final liquidity removal as about 91% of those funds. Other contemporary reports, including Kotaku and Dexerto, described figures around $300,000 as the amount Denino kept, made, or withdrew. These accounts do not establish one independently verified total. ge, Kotaku, and Dexerto.
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- Smart backup: Use your second Tangem Wallet as your Backup keys with end‑to‑end encryption; no more papers, pictures. If one card is lost, the remaining can still restore full access, with an optional seed phrase available for advanced users.
- Engineered to last up to 25 years: Waterproof (IP69K), shockproof and tested for extreme temperatures from −25°C to 50°C. A durable cold wallet with long‑term protection and independently audited security.
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What is documented about repayment or legal outcomes?
The available accounts of the 2021–2022 events do not establish a complete CxCoin repayment total or a later legal outcome specific to the project. They therefore do not resolve whether holders were repaid in full, or whether a court or regulator determined that Denino committed theft or fraud. The allegations and Denino’s response should be understood as reported claims, not a final legal determination.
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