On-chain investigator ZachXBT announced on X that a social media account is suspected of fabricating stories to increase engagement and lure users into scam campaigns. According to the warning, this account has built a large following and uses shocking content as a “funnel” to attract potential victims.
The post has sparked discussions about the need to be cautious when interacting with high-profile or widely followed accounts. The community is advised to always verify information and remain vigilant for signs of scams in the digital environment.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Crypto wallet Phantom crashes big time! During the air drop period, prices got mixed up, triggering a wave of user claims for compensation
Phantom Wallet experienced a malfunction during the airdrop period, causing abnormal token prices and account balances to display. Although users’ assets were safe, users suffered transaction losses, leading to compensation requests and a trust crisis. The incident also heightened concerns about blockchain security, and some bad actors may take advantage of the chaos to launch phishing attacks. While the technical issue has been fixed, improvements are still needed for the user experience and system stability.
CryptoCity2h ago
A Trump family crypto project, WLFI, borrows $31.4 million via Dolomite, and controversy has been sparked by overlapping adviser roles
A crypto project founded by the Trump family, WLFI, has drawn market attention to liquidity risk and alleged insider connections through lending facilitated by Dolomite. WLFI pledges stablecoins USD1 and platform tokens, borrows $31.4 million, and moves it to a CEX that is suspected to be used for exchanging it into fiat currency. WLFI has a high concentration level and also carries liquidation risk. On-chain data shows that WLFI has recently transferred a large amount of tokens, with the destination unclear, and has not yet responded regarding the transactions.
GateNews3h ago
A certain CEX participated in an international operation led by the UK’s NCA to crack down on authorized phishing scams
A certain CEX participated in an "Operation Atlantic" operation led by the U.K. National Crime Agency to crack down on crypto and investment scams, with a particular focus on authorized phishing schemes. The CEX provided on-site support, helped identify victims and malicious websites, and shared intelligence with law enforcement agencies, protecting thousands of potential victims.
GateNews3h ago
ZachXBT: Spartans co-founder is allegedly behind the Blockdag pre-sale scam, raising over $300 million
On-chain sleuth ZachXBT accuses Gurhan Kiziloz, the suspected co-founder of the casino platform Spartans, of spearheading the Blockdag Network project, allegedly luring retail investors into fundraising with false promotion of $300 million, and withdrawing the funds to the Middle East within two years. Gurhan is also suspected of lavish spending and using public relations to maintain his image.
GateNews3h ago
An American law firm launches a class-action lawsuit investigation into the Drift Protocol theft, questioning whether Circle failed to freeze funds
U.S. law firm Gibbs Mura initiates a class-action investigation into the Drift Protocol theft incident, involving an amount of approximately $280 million to $285 million. The law firm said that Circle did not freeze the stolen funds in a timely manner, and urged affected users to join the lawsuit to recover their losses.
GateNews5h ago
Aethir’s AethirOFTAdapter contract may have been attacked, with the stolen funds stored on the BSC chain
Gate News message: On April 9, PeckShield posted a notice warning that the AethirOFTAdapter contract of the Aethir project may have been attacked. The stolen funds are currently held in an address on the BSC chain. PeckShield has publicly reminded the official teams of AethirCloud and AethirEco to look into this matter, but the exact loss amount has not been disclosed yet.
GateNews5h ago
