KSI Blogger Accused of Involvement in Cryptocurrency Scams
Analysts at Zach XBT and Coffeezilla accused blogger Olajide Olainka Williams Olatunji of deceiving users. In their opinion, he participates in the organization of cryptocurrency pump-and-dump fraudulent schemes.
Olajide Olayinka Williams Olantuji, known under the pseudonym KSI, with an audience of 24 million subscribers, is engaged in advertising various crypto projects.
According to Zach XBT, the blogger tries to make sure that users invest in different projects. When the price of coins rises, KSI sells them, although it publicly declares that it will continue to dispose of these assets.
As an example, Zach XBT cites the XCAD Network project. A couple of hours after KSI published a profitable investment in XCAD tokens, he sold coins totaling $850,000.
The Coffeezilla expert made similar accusations. In his opinion, the blogger is deliberately deceiving his audience using the pump-and-dump scheme.
KSI rejected the claims from Zach XBT and Coffeezilla, pointing out that it understands the cryptocurrency industry poorly, so its actions should not always be considered consistent.
Source: https://bits.media/blogera-ksi-obvinili-v-prichastnosti-k-aferam-s-kriptovalyutami/
