ZachXBT

Coin

<ul class="news-points"> 
 <li><strong>ZachXBT exposed two crypto influencers who were responsible for multiple crypto scams.</strong></li> 
 <li><strong>Influencers agreed to promote tokens in exchange for a percentage of the supply but didn’t deliver on their promises.</strong></li> 
 <li><strong>According to ZachXBT, influencers claimed to have no intention of selling the tokens but then began selling them.</strong></li> 
</ul> 
<p>In a new investigation by popular crypto detective ZachXBT, two influencers were allegedly deceiving multiple projects by leveraging the names of other influencers to obtain free tokens and by agreeing to promote the tokens but failing to do so.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">1/ Part 1 of an breakdown into how <a href="https://twitter.com/TraderNJ1?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@TraderNJ1</a> <a href="https://twitter.com/PetaByteCapital?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@PetaByteCapital</a> have deceived multiple projects by leveraging the names of other influencer to obtain free tokens from CBOT and BABYSHIB to dump on followers undisclosed. <a href="https://t.co/BllmaDzDO5" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/BllmaDzDO5</a></p>— ZachXBT (@zachxbt) <a href="https://twitter.com/zachxbt/status/1700892764911624578?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 10, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>Influencers TraderNJ and PetaByte were engaged in multiple <a href="https://coinedition.com/tag/crypto-scam/" rel="noopener noreferrer nofollow">crypto scam</a> projects, according to ZachXBT. The detective spoke of two coins, BabyShib and CBOT. The BabyShib team provided ZachXBT with some of their messages with the influencers in which they were discussing marketing the tokens for 3.5% of the supply.</p> 
<p>The…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/on-chain-detective-exposes-two-influencers-crypto-scams/">On-Chain Detective Exposes Two Influencers’ Crypto Scams</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

On-Chain Detective Exposes Two Influencers’ Crypto Scams

Coin Edition

Other articles published on Sep 11, 2023

Crypto: IMF and FSB call for urgent response to multifaceted risks to macro and financial stability

Arbitrum (ARB) falls to all-time low as network usage metrics decline

Yen Gains Against Dollar as BoJ Reconsiders Dovish Policy

Crucial Week For Crypto Market To Confirm Bullish Recovery

Spielworks Enhances the WAX Ecosystem with Atomic Hub Acquisition

India’s Digital Rupee Gains Momentum: RBI Targets 1 Million Daily Transactions by Year-End

Join our free newsletter for daily crypto updates!