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

Cypherpunk Launches World’s Largest Zcash Mining Fleet in $33 Million Winklevoss Deal

Cypherpunk Technologies is expanding its massive bet on Zcash by launching what it calls the…

5 days ago

MapleStory Universe Launches AI Game Jam With $15,000 in NXPC Prizes

MapleStory Universe is putting artificial intelligence in the hands of game creators with the launch…

6 days ago

Kalshi Pushes Beyond Prediction Markets With Copper Perpetual Future Filing With CFTC

Kalshi is making another major move beyond prediction markets, filing with the Commodity Futures Trading…

6 days ago

Coinbase Brings 50x Crypto Perpetual Trading to Base App Through Hyperliquid

Coinbase is bringing high-leverage decentralized derivatives directly into its Base App through an integration with…

6 days ago

Hong Kong Puts First Regulated Stablecoin to Work in Insurance and $49 Billion UAE Trade Market

Hong Kong's first regulated Hong Kong dollar stablecoin is moving beyond testing and into real-world…

6 days ago

Fake Trezor, Ledger and Exodus Apps Target Crypto Users in Massive Seed Phrase Scam

Cybersecurity researchers at Rapid7 have uncovered a sophisticated crypto fraud operation that used nearly 885,000…

7 days ago