Joey Essex among reality stars ‘tricked into promoting £500,000 crypto coin con’ with TOWIE star insisting ‘I feel bad’ but adds ‘it’s difficult to vet everyone’  

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  • Joy, 30, Is Among the Reality Stars Caught at a Crypto Coin Con
  • Between them, social media influencers reportedly squeezed £500,000 worth of investments from their followers
  • The former TOWIE star has addressed his involvement in a statement, describing the incident as ‘disgusting’.
  • Joy promoted EATS Coin to her followers, a company affiliated with food delivery app Kryptoite.
  • All traces of EATS coin have been seen to have been removed from the web
  • Latest news and updates on all your favorite Love Island contestants

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According to reports, Joey Essex is one of the reality stars who has been caught in a crypto coin con which is believed to have invested £500,000 from his social media followers.

Joy, 30, promoted EATS Coin, a “company associated with the supposed food delivery app Kryptoite” on her Instagram with Love Island’s Belle Hassan, the pair also sharing photos from a swanky bash hosted by Kryptoite last week.

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However, Sun The report that yesterday ‘all traces of cryptoites had disappeared online’ prompted Joy to tell the paper: ‘It’s disgusting and I feel bad for anyone in that situation. I do tons of appearances. It is difficult to check everyone.

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Con: Joey Essex is one of those reality stars who has been caught in a crypto coin con that is thought to have squeezed a £500,000 investment from his social media followers.

Promotional material: Joy, 30, promoted EATS Coin, a company 'associated with the supposed food delivery app Kryptoite', on her Instagram and attended a bash named after the brand (pictured)

Promotional material: Joy, 30, promoted EATS Coin, a company ‘associated with the supposed food delivery app Kryptoite’, on her Instagram and attended a bash named after the brand (pictured)

Also at last week’s Kryptoites event – held at the exclusive London Governance Club – were DJ Charlie Sloth and the influential Mandi Vakili.

Joey, Belle, Charlie, and Mandy have over a million followers combined, all of whom may have seen their promotional material.

Followers of Stars were tempted to invest in EATS Coins, which could later be used to buy food on Kryptoites.

According to the newspaper, ‘The company’s website and social media accounts are down and anyone trying to sell their EATS coin is getting error messages.

Social media post: DJ Charlie Sloth plugs the brand

Social media post: DJ Charlie Sloth plugs the brand

Party: Belle Hassan of Love Islands was also seen in pictures at the swanky bash hosted by Kryptoite last week

Party: Belle Hassan of Love Islands was also seen in pictures at the swanky bash hosted by Kryptoite last week

Support: Influencer Mandi Vakali also offered her support to the brand with merchandise printed with the logo of Crypto Eats

Support: Influencer Mandi Vakali also offered her support to the brand with merchandise printed with the logo of Crypto Eats

Joy told The Sun: ‘This company used my name to trick a lot of people into investing money.

He continued: ‘It was all done in good faith, but I feel terrible for those who are lost.’

Joy’s manager Dave Reid told the newspaper that the TOWIE star was ‘thinking of investing himself’ and ‘feeling terrible’.

Video: DJ Charlie also made a promotional video for the brand

Video: DJ Charlie also made a promotional video for the brand

Investigating: Charlie and his team have since confirmed in an Instagram statement that their team is investigating the incident.

Investigating: Charlie and his team have since confirmed in an Instagram statement that their team is investigating the incident.

DJ Charlie also made a promotional video for the brand and has since confirmed in an Instagram statement that his team is investigating the incident.

One of the coordinators of the event said that many celebrities and influencers were in attendance and there was a lot of alcohol available, the guests had a great time. He said that it all looks like a big scam.

The Met Police told The Sun last night that it was unaware of the scandal.

MailOnline has reached out to representatives for Joy, Charlie and Belle for comment. Mandi’s representative declined to comment.

Promotional material: Joy often shares promotional posts on her social media pages

Promotional material: Joy often shares promotional posts on her social media pages

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