$ 29,799.00 1.02%
$ 1,941.77 3.30%
$ 47.86 3.89%
$ 0.083167 1.51%
$ 7.18 5.51%
$ 1.32 7.08%
$ 0.000168 0.50%

Crypto Vigilante Network warns traders of crypto social influencers

crypto vigilante grou warns about crypto social influencers

A network of volunteers and cryptocurrency enthusiasts have warned users of the impact crypto social influencers can have on their decision making.

Crypto Vigilante Network as the name suggests is a Telegram group of independent individuals who came together to keep the cryptocurrency sphere neat, clean and if not free of scammers than at least aware of them.

Why beware of crypto social influencers?

On the telegram channel, the network shared a tweet from a Youtuber and cryptocurrency influencer as well as an entrepreneur Brad Laurie.

In his tweet, Laurie announces his surprise that another unnamed cryptocurrency influencer has just earned thirty-two hundred dollars ($3200) worth of Bitcoin (BTC) for a video which is a little over seven minutes in duration.

The influencer also explains in his tweet that influencers work hard but the fact remains that the amount paid is suspiciously high since most influencers don’t get to make that kind of money in social media. However, cryptocurrency influencers are being paid very high.

Laurie had only recently expressed his anger over another crypto influencer Chico Crypto recently started working in favor of Binance, while on the other hand, he had been a Binance hater for quite some time.

Laurie calls out to Chico with the questions if he is playing double standards since Chico had been accusing other influencers to play “shills” for networks. However, this raises more credibility question on crypto social influencers than before.

Following in this queue, Crypto Vigilante Network initiated a poll against the cryptocurrency influencers on social media.

Crypto Vigilante Network warns traders of crypto social influencers 1

The poll asks the users if they believe “crypto influencers are paid to play shills?” And the users have been responding to the network poll.

Eighty-one percent (81%) of the network users believe that the influencers are puppets to the large corporations and companies, taking money to promote their interests.

On the other hand, only a mere seven percent believe that the influencers are paid for the work and time they put into social media.

While twelve percent (12%) answered they are unaware whether or not that the crypto social influencers play shills for big corporations.

Saad B. Murtaza

Saad B. Murtaza

Journalist, Writer, Editor, Researcher, and Strategist with over 10 years of experience in the digital, print and public relations industries, Saad has been working with the mantra, Creativity, Quality and Punctuality. In his waning years promises to build a self-sustaining institute that provides free education. Carrying a diverse portfolio he has studied and written on topics related to cyber crimes, scams, blockchain, and cryptocurrencies.

Related News

Hot Stories

Here's why attorney Jeremy Hogan believes Ripple lawsuit is nearing 'endgame'
Mastercard backs crypto despite market decline
Terra (LUNA) Rebounded over 1000% in A Day? — Can Investors Expect Any Ray of Hope?
XRP Price Prediction 2022-2030 [After Lawsuit]
Green Satoshi Token Price Prediction 2022-2031: Is GST A Good Investment?

Follow Us

Industry News

Singapore VC firm gets a $100 million metaverse and Web3 fund
Andreessen Horowitz raises $4.5 billion to back crypto firms
Babel Finance hits a $2b valuation with $80m in funding
The UpLift DAO team joined a closed VIP Discussion with Dr Gavin Wood on what it takes to Build a Better Web3
Mastercard backs crypto despite market decline