- Crypto scams are on the rise.
- Crypto influencers are using their influence to entice users into investing in scams.
- One influencer offered nothing, and another promised unrealistic returns, but both influencers still made a significant amount.
Crypto influencer scams are once again plaguing the cryptosphere. In another questionable episode, two crypto influencers bagged over $1.8 million in a week by blatantly exploiting users’ unwavering FOMO.
This is how they did it.
By Offering Nothing
On May 30, Crypto influencer Pauly0x, founder of NotLarvaLabs, struck gold after sharing his Ethereum address and domain on Twitter, asking users to send ETH in return for nothing.
While the influencer explicitly stated he would be offering nothing in exchange, his history and reputation in shilling memecoins in the crypto circle led users to decipher the situation differently.
Within seven…
