5 Shady Crypto Projects That Made It to the Spotlight

August 3, 2025

, By Cointelegraph

Blockchain

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Key takeaways

Crypto investigator ZachXBT criticized Token2049 for poor sponsor vetting, warning that platinum sponsorships don’t equate to legitimacy. Several sponsors he flagged turned out to have shady records.
JPEX and HyperVerse used event sponsorships to project credibility. Both later collapsed under fraud investigations, causing billions in investor losses and arrests.
Red flags include anonymous teams, low liquidity, overhyped marketing, poor tokenomics and listings only on obscure exchanges.
What drives these coins isn’t innovation but…

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Cointelegraph

5 Shady Crypto Projects That Made It to the Spotlight

August 3, 2025

, Published By Cointelegraph

Blockchain

Key takeaways

Crypto investigator ZachXBT criticized Token2049 for poor sponsor vetting, warning that platinum sponsorships don’t equate to legitimacy. Several sponsors he flagged turned out to have shady records.
JPEX and HyperVerse used event sponsorships to project credibility. Both later collapsed under fraud investigations, causing billions in investor losses and arrests.
Red flags include anonymous teams, low liquidity, overhyped marketing, poor tokenomics and listings only on obscure exchanges.
What drives these coins isn’t innovation but…

Source link