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

“Finding Satoshi” Documentary Suggests Hal Finney and Len Sassaman Co-Created Bitcoin

A new documentary is reigniting one of crypto’s biggest mysteries, claiming that Bitcoin creator Satoshi Nakamoto…

7 minutes ago

Candy Digital Announces Migration to Solana as NFT Platform Repositions for Long Term Growth

NFT platform Candy Digital has announced plans to migrate its digital collectibles ecosystem to the Solana blockchain, signaling…

5 hours ago

US Military Runs Bitcoin Node for National Security Testing, Admiral Tells Congress

The U.S. military has confirmed it is actively running a Bitcoin node as part of national security research, while…

6 hours ago

Over 90% of Web3 Games Failed After $15 Billion Boom as Players Never Showed Up

The Web3 gaming sector is facing a harsh reality check as new data reveals that more…

7 hours ago

Justin Sun Sues Trump Linked World Liberty Financial Over Frozen Crypto Assets

Justin Sun, founder of TRON, has filed a federal lawsuit against World Liberty Financial, a crypto venture…

9 hours ago

Tether Freezes $344 Million in USDT on Tron After Wallets Flagged by U.S. Authorities

Tether has frozen approximately $344 million in USDT on the Tron blockchain after the wallets were flagged by U.S. authorities, marking…

10 hours ago