ZachxBT releases: crypto-influencer 'Crypto Beast' behind $ 11 million old token-dump-45 connected wallet and misleading advertising.

ZachxBT releases: crypto-influencer 'Crypto Beast' behind $ 11 million old token-dump-45 connected wallet and misleading advertising.

crypto influencer 'Crypto Beast' due to $ 11 million old tokens dump

In the cryptocelt, influencers are often largely responsible for the price movements of digital assets. However, this trust can also be exploited. A current example of this is the case of the crypto influencer 'Crypto Beast', which is accused of having cheated its followers by a massive sale of old tokens by $ 11 million.

ZachxBT, an analyst for on-chain data, carried out extensive research and found that 'Crypto Beast' used 45 networked wallets to manipulate his fans and carry out a high sales strategy. After an intensive doctorate that stormed the interest and investment behavior of his followers, the influencer finally led to a dramatic price drop in old token.

The procedure of 'Crypto Beast' is a major warning for crypto investors. The far-reaching use of several wallets enables the actual movements and sales pressure to be disguised, so that followers often react too late to avert potential losses. Such practices also raise serious questions about regulating crypto influencers and their responsibility towards their followers.

crypto investors should be aware of the risks that are associated with influencer recommendations and always carry out their own research before investing in certain tokens. In this sector, transparency and integrity are of the utmost importance in order to maintain the trust of investors and avoid market manipulations.

These revelations of ZachxBT are an important step to focus on the machinations in the crypto-influencer scene and possibly to initiate a broader discussion about the need for guidelines and control in industry.