Promoting one or another cryptocurrency can be a risky sport, especially if your credibility depends on the behavior of these in the following months and years. In recent weeks, the value of many crypto assets has fallen to zero, being a serious problem not only for those who have invested, but also for those who decided to invest and monetized their influence on social networks in this way.
Regardless of the validity of cryptocurrencies, blockchain technology or the usefulness of NFTs, many crypto assets have basically been a Pump and Dump, the classic movement of inflating the price of an asset and then walking away from it.
On the other hand, the credibility of the influencers depends on their certainty, on the other hand it is true that many are also losing their personal fortune in many cryptocurrencies. In fact, it’s funny how the “red eyes” of many gurus have disappeared from many avatars.
The president of El Salvador has more than four million followers on Twitter, being president of a country of just over six million. On June 5, 2021, it announced that Bitcoin would become legal tender when it reached $35,000 (at the time of writing these lines it is less than $20,000) and on June 25 that the official wallet would be the app Goat. This application has failed, 60% of its users left the app and many Unauthorized transactions have been reported. There are also those who seem dissatisfied with its democratic management.
Wall Street Wolverine
Yoituber based in Andorra and author of the famous video “he holds with balls” (sic) where recommended hold and buy cryptocurrencies until their value reaches zero. He recently stated on Twitter that “in a bear market, trading must change and that “hold” was dangerous. He also recommended Bitcoin despite having fallen more than 70% from highs.
The self-styled “Wall Street Crocodile” was arrested with her husband Ilya Lichtenstein for Launder a $4.6 billion fortune after a robbery at Bitfinex, a Bitcoin cryptocurrency “Exchange”. They are accused of money laundering, since it is not clear that they were responsible for the robbery. They are believed to have laundered 119,754 by buying gold and NFTs, with authorities claiming to have recovered around $3.6 billion worth of Bitcoin.
The cryptocurrency youtuber residing in Andorra was detained in an operation in which Europol, Mossos d’Esquadra, the Andorra Police and the Civil Guard participated through their company GNZ Academy70,000 euros were found in various cryptocurrencies (Bitcoin, Ethereum, Ripple and OmiseGo), as well as watches and high-end cars.. Some media claim that he has returned under another name.
One of the best-known youtubers in the world, in addition to launch your own cryptocurrency (without explaining that she was involved in it), has acknowledged having lost over half a million dollars with the fall in prices of crypto assets.
Another youtuber residing in Andorra with seventeen million subscribers took out his own crypto assets, in the form of NFTs (Non Fungible Token), in a short time they became worth zero. Say this will change over time, but its credibility can be considered diminished and it has been criticized hard.
Along with boxer Floyd Mayweather and basketball player Paul Pierce, They have been denounced for the promotion they made to the crypto token Ethereun Max or EMAX. The petition was signed by a New York resident who bought the Token and lost almost everything he invested and has been open to other victims joining. Finally has been sanctioned with 1.26 million dollars.
The creator of the Terra cryptocurrency and the Luna crypto token through the TerraformLabs company, his wife opened the door of the house and met an unknown investor asking about him after losing more than two million dollars. After that, They requested police protection.
Ask readers: have you invested in something on the recommendation of an influencer?
Source: El Blog Salmón by www.elblogsalmon.com.
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