- ZackXBT accuses influencers: Serious allegations, pump-and-dump schemes.
- DannyCrypt endorses “HODL”: Active promotion, encourages hodling.
- Influencer’s alleged dumping: 2% token supply, selling to followers.
Crypto Influencers In Hot Water: ZackXBT’s Claims Rattle The Industry
ZachXBT has raised serious allegations against multiple influencers, claiming they are involved in pump-and-dump schemes and are capitalizing on the misfortune of others. The diligent investigator has turned their attention to another individual known as ‘DannyCrypt,’ accusing them of betraying their followers by engaging in dumping practices.
As per ZackXBT’s Twitter thread, DannyCrypt was actively endorsing a newly introduced cryptocurrency called “HODL” across various social media platforms. Moreover, he had posted tweets encouraging users to “hodl” the tokens of this particular coin.
The influencer under scrutiny was alleged to have received 2% of the total token supply of a particular cryptocurrency as part of a marketing arrangement. However, within a mere 15 minutes of acquiring the tokens, he supposedly sold off the majority of them to his unsuspecting followers for approximately $57,000 (equivalent to 31 ETH).
Moreover, it is claimed that he informed his 26,000 subscribers on Telegram that he believed the token’s price had reached a “stabilized” state. Yet, immediately after making this statement, he proceeded to sell his own holdings.
DannyCrypt’s tweet in response to ZackXBT’s accusations read as follows:
Team is not angry that I sold but cos they all couldn’t sell before me after keeping over 70% of the presale Whitelist for themselves. Same thing they do with NFT projects. That being said if you come for me, I’ll block you, go and cry on your timeline.
DannyCrypt
Despite ZackXBT’s claims, DannyCrypt allegedly attempted to portray himself as a victim and removed the tag from the post to create distance from the accusations. In response, the influencer decided to block ZackXBT.
In September of last year, ZackXBT made allegations against well-known crypto influencer Lark Davis, claiming that he had made over $1 million in profits by endorsing low-cap cryptocurrency projects and subsequently selling them off to his followers. However, Lark Davis dismissed these accusations, refuting any involvement in such activities.
Additionally, youtuber and influencer Ben Armstrong, who goes by the name BitBoy, has also been accused of engaging in at least seven fraudulent activities, including shilling and dumping scams.
Posted Date: July 8, 2023
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