Fraud operations have risen and the rug has been pulled from under the legs of investors in the crypto field, after the spread of a large number of these fraudulent projects and defamation of them, and the failure of investors to investigate the facts about them, and sufficient research and contentment with the opinion of the influencer on the social network.

Here we are not faulting influencers for taking money from promoting crypto projects, but what we fault with is promoting green and dry and real and fraudulent projects without discrimination, and here the moral responsibility rests with the influencer in the first place and may harm his reputation over time.

Read:Bitcoin bears receive huge losses after the historical rise of Bitcoin and liquidation of 450 million dollars

Recently the researcher, who uses the alias “zachxbt” on Twitter, revealed that Twitter influencers earn up to $25,000 to retweet and promote tweets from crypto projects to their big followers in order to entice them to invest in these projects.

He gave examples of these:

Twitter users ZachBoychuk, TheCryptoCandy and CryptoWizardd charge $2,000 to tweet.

ZubyMusic charges $8000 and AltcoinGordon and nikichain charge $2500 each.

New influential shilling price list leaked 📸 pic.twitter.com/l1MGgqfldv

– zachxbt (@zachxbt) April 18 2022

Some of the influencers on the above list are former and current athletes, including Lindsay Lohan, an American actress who allegedly charges $25,000 per tweet about a cryptocurrency.

A quick look at some of the accounts in the spreadsheet shows that the majority of influencers on the list are promoting occult coins, non-fungible tokens (NFTs), and other tokens.

Some of these account holders explicitly state that they promote cryptocurrency on their profiles.

Meanwhile, as we indicated at the beginning of the article, scams and rug pulling have become increasingly common in recent times.

Read:A developer loses all his savings (exceeding one million Saudi riyals) due to a platform error

Investors lost hundreds of millions to illegal actors escaping fraudulent currency liquidity after many users invested heavily in these projects.

The bottom line is that an influencer on Twitter is not enough to make an investment decision to enter a cryptocurrency, and sufficient and comprehensive research must be done before entering.

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