Best Content Creator Award Given To Allegedly Fraudulent Crypto Influencer

A popular crypto influencer has not yet addressed allegations of using bots to manipulate his social media metrics and influence, which surfaced shortly after he received a best content creator award at a recent crypto-oriented event. ZachXBT accused the influencer, who is called Professor Crypto, of employing thousands of bots to mislead people.

Legal Ramifications

ZachXBT suggested that this behavior might violate a Federal Trade Commission rule in the United States that bars the sale or purchase of fake social media influence indicators, such as followers or views created by bots or compromised accounts.

Professor Crypto has yet to make a public statement about these allegations but has removed several posts showcasing his award for best content creator at the DeGen Summit in Singapore on September 17th, 2024. The DeGen Summit, a side event of TOKEN2049, recognized that Key Opinion Leaders (individuals whose opinions significantly impact large groups or industries) are in fact often established experts or influencers.

More Than Meets The Eye

Professor Crypto, who has over 1.34 million subscribers on his YouTube channel where he reviews crypto exchanges, wallets, trending meme coins, and NFTs, has been producing content since August 2018. He had shared several videos on X during a flight to Singapore with various other crypto influencers.

His X account, established in February 2018, boasts 132,000 followers but has only 102 posts, with the earliest dating back to August 14th. Web3 investigator Pix noted that only two posts directly came via Professor Crypto. Additionally, some industry observers mentioned they had not heard of Professor Crypto prior to his award. NFT artist Matthew Varnell and Laurence Day, co-founder of Wildcat Labs, remarked on who this so-called influencer actually was.