Uncovering Insider Trading and Conflict of Interest: VeeFriends President, Andy Krainak

Evidence from One of his Ethereum Wallets

Mar 17, 2024

Below is evidence from of one of Andy Krainak’s Ethereum cryptocurrency wallets indicating Insider Trading and Conflict of Interest by the President of VeeFriends.

Original Article

Gary “Vee” Vaynerchuk Exposed

Mario Longtin

Mar 14

Read full story

Revised Article

Revised Gary “Vee” Vaynerchuk Exposed: The VeeFriends Scam

Mario Longtin

Aug 6

Read full story

What is Insider Trading?

Insider trading involves buying and selling securities (which can include collectibles or NFTs in certain contexts) based on material, non-public information. Andy Krainak of VeeFriends is trading based on information that is both not available to the public and available to the public, such as Gary Vaynerchuck’s support and encouragement of specific projects.

The SEC explanation can be found here. Investopedia’s explanation can be found here.

What is Conflict of Interest?

A conflict of interest arises when an individual’s personal interests or activities interfere with their ability to act in the best interest of the company they represent. In this case, the president, Andy Krainak of VeeFriends purchases and sells NFTs based on Gary Vaynerchuck’s private and public support of projects in the NFT market. Andy may be prioritizing personal financial gain over VeeFriend’s interests, particularly if the purchase or sales are made with insider knowledge or influence from Gary Vaynerchuck.

The SEC explanation can be found here. Investopedia’s explanation can be found here.

Who is Andy Krainak?

Andy Krainak’s Speaker Profile on NFT BZL

VeeFriends & Veecon

Andy Krainak Selling VeeFriends on OpenSea

Andy Krainak Selling VeeCon 2022 Tickets on OpenSea

CryptoPunks

During a “billionaire group call,” Mr. Beast and Logan Paul acknowledged Gary Vaynerchuck’s coordinated pump with the CryptoPunks project.

World of Women

Andy Krainak Selling World of Women on OpenSea

Wolf Game

You can see more encouragement from Gary Vaynerchuck about Wolf Game.

Andy Krainak Selling Wolf Game on OpenSea

CryptoSkulls

Brain Vomit Garden

Creature World

DeadHeads

Crypto Hodler

Plasma Bears

Avastars

Avastars offered some VeeFriend holders a free claim due to Gary Vaynerchuck’s association with j1mmy.eth.

Avastars Transmissions

VeeFriends Avastar Claim Guide

Hello, VeeFriends! If you’ve arrived here, you know that Avastars Corp is going to be giving away 1700 Avastars from Series 5 to holders of VeeFriends! Since there are 4551 of you, and only 1700 available Avastars, these Avastars will be randomly distributed on a first come, first served basis…

3 years ago · 16 likes · 42 comments · kwigbelle

Andy Krainak Selling Avastars on OpenSea

Fame Lady Squad

Koala Intelligence Agency

My Curio Cards

Andy Krainak Selling My Curio Cards on OpenSea

Grillz Gang

This NFT project was apart of Gary Vaynerchuck & VeeFriend’s PLP (Pre-Launch Program).

Andy Krainak Selling Grillz Gang on OpenSea

Many of Gary Vaynerchuck’s posts reguarding these NFT projects on X were deleted.

Thank you for taking the time to read my article. If you enjoy this type of content, consider subscribing to be among the first to know when a new article is published!