BBC and crypto media: "20-year-old turned $50 into $8m by trading crypto, token he set up has collected $250k for charity ????" What they don't report is, that token shut down in October and seemingly was a scam?

There is a wholesome story going around by the BBC today, echoed by some crypto "media" about a young crypto millionaire that turned $50 into millions within months trading crypto. Okay, this sound somewhat unbelievable, but there's more to the story.

They report, he is giving back to the community and "A cryptocurrency he set up to support charity has already seen more than £200,000 spent on causes, and he is looking to use further funds raised by his currency to realise his foodbank plans for his home town of Birmingham."

The problem is: that token shut down in October, as a Twitter user found out through a short search. If you look at their subreddit it's dead and people don't seem very happy - it seemingly was a scam.

What the fuck? I know crypto reporting in mainstream media is often bad, and crypto media is always awful, but how can such a big medium publish such a story without the most basic research?

Edit: seems like the BBC article was taken down! You can find an archived version in my reply here (I don't want to link it directly as my post couldn't be posted with the link originally)