Big stage, bigger scams? 5 shady crypto projects that made it to the spotlight — TradingView News
Key takeaways
-
Crypto investigator ZachXBT criticized Token2049 for poor sponsor vetting, warning that platinum sponsorships don’t equate to legitimacy. Several sponsors he flagged turned out to have shady records.
-
JPEX and HyperVerse used event sponsorships to project credibility. Both later collapsed under fraud investigations, causing billions in investor losses and arrests.
-
Red flags include anonymous teams, low liquidity, overhyped marketing, poor tokenomics and listings only on obscure exchanges.
-
What drives these coins isn’t innovation but speculation, influencer buzz and cult-like followings, highlighting how unpredictability fuels their survival.
In the unpredictable cryptocurrency market, certain digital assets continue to…
