Attention Crypto Investors! Crypto Detective ZachXBT Uncovers a New Scam!

Crypto detective ZachXBT has uncovered yet another cryptocurrency scam.

According to ZachXBT, they uncovered a coordinated network of more than 10 X accounts that used a fabricated geopolitical panic over a potential US-Iran war to manipulate cryptocurrencies, thereby achieving six-figure profits.

The ongoing war between the US and Iran in the Middle East, which has been going on for weeks, has undoubtedly been the most talked-about topic on social media since it began, and some are exploiting this attention to defraud investors.

ZachXBT also explained the method used by these scam accounts. According to ZachXBT, these individuals first buy accounts that already have followers. Then, they make their accounts resemble popular news accounts with a large number of followers.

The site then attempts to generate engagement by exaggerating news, whether real or fake. They support this by using purchased accounts to retweet and like the posts. The goal is to ensure that tweets containing fake or real information reach a wider audience and increase engagement more quickly.

Accounts that increase their follower count in this way then launch cryptocurrency scams and share posts about them.

ZachXBT stated that these accounts recommended certain tokens in their posts, and after a certain number of people acquired the tokens, a “rug pull” occurred, and the money was withdrawn. Following the sharp drop in the token’s value, no further posts were made.

Then the username is changed.

ZachXBT recently stated that more than 10 X accounts shared the memecoin ORAMAMA and rug-pull it during February.

In his latest update, ZachXBT stated that all 11 accounts mentioned in his exposé have blocked him.

*This is not investment advice.