2026-01-08 16:31:43

Regarding background investigations of cryptocurrency project teams, this case is worth paying attention to.

According to reports, Fasial Tariq, founder of Paradox Coin, has been exposed to have connections with the illegal production and sale of weight loss drugs. The story began as follows: after the payment service for the illegal weight loss drug brand Alluvi was interrupted, it was redirected to the official website of Paradox Labs. Paradox Labs was formerly known as the crypto venture capital firm Paradox Studio founded by Tariq.

This founder is not new to trouble. His previous blockchain game Paradox Metaverse was publicly questioned by well-known investigator Coffeezilla due to issues with its economic model and promotion. The illegal drug operation’s base—an industrial park in Northampton—is registered under Wholesale Supplements Limited, a company where Tariq serves as director.

The UK Medicines and Healthcare products Regulatory Agency (MHRA) seized thousands of unauthorized weight loss pens, raw materials, and £20,000 in cash during a raid in October this year. Although no formal arrests have been made yet, this case highlights a phenomenon: some project backgrounds in the crypto space may be more complex than expected, and thorough due diligence before investing is truly necessary.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

18 Likes

Reward
18
7
Repost
Share

Comment

0/400

FarmHopper

· 01-11 12:39

It's the same old trick again. An old crypto buddy running an illegal drug business, truly unbelievable.

View OriginalReply0

FlashLoanLarry

· 01-11 12:09

ngl the redirect domain overlap is pretty damning... opportunity cost of skipping basic corp registry checks hits different when it's literal pharma ops. told you so energy maximizing here

Reply0

AirdropHarvester

· 01-11 09:58

Oh my, this guy really does everything Really needs to be thoroughly investigated Another project about to exit That's why I never touch strangers' coins Remember the name Tariq, block him Compliance? Nonexistent From blockchain games to weight loss pills, crossing over is really intense No wonder Coffeezilla has had his eye on him for a long time It's always like this, scam first, run later Luckily, I didn't go all in on this thing Background checks are really necessary Even the UK Medicines and Healthcare products Regulatory Agency has taken action, and someone still dares to take over?

View OriginalReply0

GasFeeCrying

· 01-08 16:59

Bro, your background check is really thorough—one coin, one pharmaceutical company. That's impressive.

View OriginalReply0

OPsychology

· 01-08 16:58

Damn, this guy really dares to do everything... From blockchain games to weight loss pills? --- I didn't expect Tariq to pull off this kind of move, from blockchain games to underground drug factories, this creativity is impressive. --- Another founder who says "I do everything." Next time I see them with their coins, I’ll slap myself. --- Someone should have uncovered this mess earlier—selling weight loss pills along with cryptocurrencies... incredible. --- It seems that just reading the white paper isn't enough; I need to do a reverse search to see what these people have done. --- Coffeezilla asked him about this a long time ago. This guy is really getting bolder and bolder. --- So one industrial park can run two businesses at the same time? I need to learn this part-time skill. --- I just want to know how many project teams are like this clone monster. --- DYOR really isn’t just empty talk; just look at Tariq to understand. --- The operation of redirecting payments to the official website is pretty obvious.

View OriginalReply0

MissingSats

· 01-08 16:58

Damn, this guy can mess up a project with just one move, and he even dares to get involved in weight loss pills? Oh my God, is this another old trick? Website redirection, shell companies, cash... we've seen this script too many times Coffeezilla already exposed him long ago, and he still dares to continue? His courage is really impressive Due diligence really can't be skipped; cases like this are not an exception, right? People investing in projects like this should reflect—did they even do proper due diligence before going all in?

View OriginalReply0

LiquidityNinja

· 01-08 16:50

Wow, this guy's skills are incredible. Turning black-market weight loss drugs into a blockchain game economy model—that's real "innovation"...

View OriginalReply0