ZachXBT Exposes Coordinated Network Exploiting Geopolitical Panic for Crypto Pump-and-Dump Scams on X
ZachXBT Exposes Coordinated Network Exploiting Geopolitical Panic for Crypto Pump-and-Dump Scams on X
Pseudonymous blockchain investigator ZachXBT has uncovered a sophisticated network of accounts on the social media platform X (formerly Twitter) that are reportedly exploiting geopolitical crises, specifically the conflict in the Middle East, to promote fraudulent pump-and-dump cryptocurrency schemes. These accounts are said to be manufacturing exaggerated or entirely fake news about the conflict to manipulate public sentiment and lure unsuspecting users into scam investments.
The pseudonymous blockchain investigator ZachXBT says a network of accounts on the social media platform X is taking advantage of the crisis in the Middle East to promote fraudulent crypto schemes. The widely followed onchain analyst tells his nearly 985,000 X followers that the accounts create exaggerated or fake news about the war that go […]