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Lodged SEC complaint against @CryptoGodJohn and @eliz883. Will be reaching out to former professors tommorow who are in direct contact with SEC to speed up the issue. Props to @ZachXBT for bringing the truth out, @satsdart @EmperorBTC @CryptoKaleo for propagating.
#Bitcoin
Isa retweeted
i paid @blknoiz06 ~100k to push $MOTHER
was a big debate back then.
One of crypto's largest KOLs has been secretly extracting millions from his audience
We’ll expose him soon
Unfortunately, he’s just a symptom of a much bigger problem
Social trading has brought out the worst in KOLs. It was designed to keep them honest by making every trade public. In reality, the opposite happened
In just a few weeks, we exposed a number of "top social traders" using the same tricks:
• Public wallets to attract copy traders
• Side wallets to dump
• Callouts to farm rewards
• Bundled tokens to hide supply
And there are plenty more doing the exact same thing
Why? Because our industry incentivizes it
1) Launchpads allow it
Most launchpads today are obsessed with one thing: volume. Millions in callout rewards, affiliate links, and top leaderboards. Almost nothing on detecting bundles, side wallets, or shady traders. Scams drive volume. Launchpads have no reason to stop it (other than actually caring about their users)
2) Social trading incentivizes it
Side wallets have become a business model. Before social trading, only big KOLs could do it. Now, anyone who lands on a leaderboard can monetize by dumping on their copy-traders. The temptation is real
3) CT normalizes bundle culture
“Everyone bundles. It's how it's done" - an excuse we hear every time we expose a KOL. Supply control isn't the problem. Hiding it is. If it's so bullish, why hide it? Spoiler: because you're planning to sell
***
Launchpads are paying millions to dishonest KOLs. It's time they start taking it seriously
Audit the top traders. Expose their side wallets. Ban repeat offenders
We have the tools. What's missing is the willingness to use them
No one's coming to save us
Was trying to farm some paper but ill take it ig lmao. Ts is so addicting. @izebel_eth and team really killed it!
It's funny how short the attention span of CT is. Ansem consensually agreed upon as a grifter worse than Bitboy is now again the main character
Today we announced that we’re bolstering the unit responsible for protecting investors in crypto markets & from cyber-related threats. The newly renamed Crypto Assets & Cyber Unit in the Division of Enforcement will grow to 50 dedicated positions.














