KOL Fake Promotion Exposed: “Professor Crypto” Incident Reveals Cryptocurrency Industry Trust Crisis

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September 18, 2024
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PANews reported on September 18 that a cryptocurrency YouTuber calling himself "Professor Crypto" claimed to have won the "KOL Awards" for Best Content Creator at the Token2049 conference in Singapore, according to CoinDesk. However, investigations by prominent sleuth ZachXBT and others revealed that the "Professor" had fabricated his popularity by buying followers and bot interactions, and quickly deleted posts in response to criticism. This incident highlights the pitfalls of KOLs (Key Opinion Leaders) in the crypto industry, who can undermine trust by accepting payments for false advertising, sparking widespread questioning.

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