Crypto Influencers Allegedly Weaponized Plot to Prey QAnon Followers

Two QAnon-affiliated conspiracy theory influencers allegedly cost their followers millions of dollars by running a cryptocurrency pump-and-dump scheme.

The couple reportedly persuaded their thousands of followers to invest in a portfolio of cryptocurrencies, showing a misleading mix of conspiracy and real content, as well as claims that institutions are backing the tokens to generate hype and increase the price of the portfolio.

These allegations are contained in investigation By: Logically, a group of data scientists and developers. It reports on the coordinated promotion of Stellar (XLM) Altcoins Has been flagged as fraudulent by the Stellar network.

WhipLash347 is a Telegram group with 277,000 followers and QSI has 35,000 followers. They reportedly told their followers that, based on their inside knowledge, the cryptocurrency would succeed, claiming that they could gain access to secret military intelligence.

The publication says the two are conflated Conspiracy content and misinformation Provide authenticity to the cryptocurrencies they promote for those who do not trust mainstream financial and media institutions. Losses are believed to be in the millions, logically claiming a man committed suicide after losing $100,000 in the scheme.

A user named PatriotQakes leads the main QSI channel, which has several regional branches. Ownership of the WhipLash347 account is believed to have recently changed hands due to a change in behavior.

Rocky Morningside, a former administrator of the QSI group, told Logically that he believes “there is no doubt that WhipLash347, PatriotQakes and QSI are scammers” promoting “pumps and dips”.

Cointelegraph asked for a response to the allegations from PatriotQakes, an account that appears to belong to those behind Whiplash347 and an administrator for a regional QSI organization, but had not received a response at the time of publication.

Neither organization has publicly acknowledged or responded to the allegations.

A former investor in one of the schemes using the “Cutter” name now runs a Twitter account aimed at exposing WhipLash347. He told Cointelegraph that he is a member of a Telegram group of 3,000 other disgruntled investors, speaking of the people behind WhipLash347:

“He created a huge crypto list with now defunct domains, and fake white papers claiming to be affiliated with real companies. We’ve spoken to the real creators of so many tokens that he’s doing it by impersonating the asset Parody, these assets have to keep telling people that WhipLash is full of shit.”

Carter said WhipLash built trust with his followers by sharing similar political views, continuing the program by claiming that “an upcoming event” would cause the value of the asset to soar.

According to Cutter, WhipLash responded that all information was under nondisclosure agreements and that anyone associated with the asset was not allowed to speak until the “event.”

“There is always a schedule, but when the date passes and nothing happens, he creates new schedules. It never ends.”

He also apparently claimed to be in touch with figures like Elon Musk, saying Crypto-friendly billionaires Support the cryptocurrency that WhipLash is promoting.

Carter said anyone who asked a question would be kicked out of the group.

“Anyone who questions his narrative will be removed from his Telegram groups, and he will continue to flush and repeat among his followers. As people drop out, new ones join. It needs to stop.”

related: Social media accuses crypto scams of losing $1 billion in 2021

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