People stopped believing in him as early as 2019, after he promoted dozens of scams. Depending on the project, McAfee demanded up to 20% of the total supply of tokens to promote them. The promoters were happy, because these tokens didn't cost them anything. Starting with Electroneum, he promoted dozens of scam projects through his “Coin of the Day” tweet series, and caused huge losses to cryptocurrency users.
And one important factor to remember here is that McAfee not just cheated the cryptocurrency users, but at times he also double crossed the ICOs. He received huge amounts from projects such as Latium, Cpollo, Simmitri and Docademic to promote them, but never fulfilled the obligations to do so.
He is one of the reasons most people have lost their courage to invest in some other cryptocurrency that year. They thought it's just all the same and this guy has put some doubt in the heart of the people where they think cryptocurrency investment is just another way of fooling people to get their money from them. Thankfully now it's been cleared out and most of the people know already what is the cause of their losses in their crypto investment and that's because they listen to such kinds of guys in the crypto industry and they didn't spend enough time to research on their own. Those who take their time to find the truth about real investment in cryptocurrency are now celebrating their wise decisions.