Categories: Lifestyle

ZachXBT Says Over 100 Crypto Influencers Accepted Promo Deals Without Disclosing Paid Ads

Blockchain sleuth ZachXBT claims he obtained proof that many crypto influencers failed to indicate paid promotions on their social media pages. On Monday, the web3 investigator published a spreadsheet that lists pricing and wallet addresses for more than 200 crypto influencers contacted to promote a token campaign. He alleged that fewer than five of roughly 160 who accepted the deal labeled their posts as advertisements.

The documents, shared on X, appear to show per-post price quotes ranging from hundreds to five figures, Solana wallet addresses for payment, and links to onchain payment receipts. The Block reached out to several named accounts for comment. Undisclosed paid endorsements are a recurring flashpoint in the crypto industry, where so-called key opinion leaders, or KOLs, profit from thinly traded tokens. In the U.S., the Federal Trade Commission requires influencers to clearly and conspicuously disclose material connections to brands or projects in social posts.

Failure to do so can draw regulatory scrutiny and mislead investors who may mistake sponsored content for impartial analysis. ZachXBT’s latest post adds to broader concerns over market integrity regarding promoted cryptocurrencies and new launches, where coordinated shills, thin liquidity, and limited disclosures spell heavy losses for retail buyers after brief price spikes.

Terron Gold

Recent Posts

Nasdaq Bets $100 Million on Kraken Parent Payward to Put Wall Street Stocks Onchain

Nasdaq is deepening its push into tokenized markets with a $100 million investment in Payward,…

5 days ago

MoneyGram Turns Stablecoins Into Everyday Money With New Mastercard

MoneyGram is pushing stablecoins beyond crypto trading and remittances with a new payment card designed…

5 days ago

Hunter Biden’s LAPTOP Memecoin Crashes 98% Within an Hour After Wild $1.6 Billion Debut

Hunter Biden’s newly launched LAPTOP memecoin delivered exactly the kind of chaos critics warned about…

6 days ago

Jack Dorsey’s Block Wants a Federal Bank Charter for Bitcoin and Stablecoin Custody

Jack Dorsey's Block is making another major move into regulated finance, applying to create a…

7 days ago

ChatGPT, Claude, Gemini and Grok Go Down in Rare Simultaneous AI Outage

Some of the world's biggest AI platforms experienced overlapping service disruptions on Thursday, September 3,…

2 weeks ago

U.S. Government Puts GDP and Inflation Data Onchain With Chainlink

Official U.S. economic data is moving directly onto public blockchains. The U.S. Department of Commerce…

2 weeks ago