ZachXBT: A network of more than 10 coordinated accounts promoted a crypto scam by creating fake news and panic.

PANews reported on March 23 that crypto detective ZachXBT disclosed on the X platform that he discovered a coordinated network of more than 10 accounts that attracted traffic by creating panic about war and politics, and then promoted cryptocurrency scams. The strategy included buying accounts with existing followers, posting negative content multiple times a day, boosting popularity through reposts from secondary accounts, promoting fake airdrops or scams, and then changing usernames.

One example account created an Asian version of the famous blogger Mario Nawfal by purchasing existing accounts and using AI. These accounts garnered millions of views and numerous interactions daily by mutually reposting exaggerated or fake news, attracting many large accounts to unknowingly amplify the hype. Behind the scenes, these accounts orchestrated fake airdrops and promoted cryptocurrency pump-and-dump schemes. On February 22, 10 X platform accounts in the network jointly promoted the scam project $ORAMAMA, with on-chain evidence showing the scheme generated six-figure profits. ZachXBT suspects these accounts are accumulating engagement for the next scam. He points out that if such operations are carried out by state-sponsored entities rather than pump-and-dump schemes, the consequences would be far more severe. He calls on platforms to ban and hold legally accountable those responsible for such manipulation. He advises users to check recent posts and account details before engaging with content and lists the X user IDs of these accounts in a table in case they change their names or delete their accounts.