Jake Paul is 'broke' after putting all his money in cryptocurrency

Controversial YouTuber, Jake Paul, and Logan Paul's younger brother, is allegedly "broke" after putting all his money in cryptocurrency.

In case you missed the news, the crypto market has taken a huge hit in recent months, with Bitcoin crashing towards $20,000 this week, according to Forbes, the lowest it's been since December 2020.

As the leading token on the market, Bitcoin's plummeting price has dragged other digital currencies with it, further deepening the crypto crash. And it looks like Jake has joined the many people who've suffered major losses, as revealed by his brother during a recent episode of his Impaulsive podcast.

The conversation came about after Logan uses air quotes when referring to Jake's "boxing career".

Co-hosts George Janko and Mike Majlak jump in to defend the young vlogger, pointing out his success in the sport and impressive salaries for each fight.

"It's going pretty well, he's won every fight he's done," says George, before Mike says: "He made like $40 million last year."

But not one to be trumped by his baby brother, Logan interjects to say: "It doesn't matter, he put it all in crypto... he's poor."