Feb 20: Crypto Rover Deception and $23B Valued Blockchain Scam with '$10 IS FUD' Claim

On February 20, 2024, an investigation has revealed that the influencer known as Crypto Rover engaged in deceptive practices, including failing to promote a project he was paid for, misleading his followers about his trading positions, and promoting pump-and-dump meme coins. In related news, a blockchain project, criticized for its questionable tokenomics and accused of being a scam, reached a valuation of $23 billion despite having only $70 million in Total Value Locked (TVL). The project, associated with a known scammer, implemented a fake Token Generation Event (TGE) that resulted in $3 billion of supply unlocking just two months after its launch, raising concerns about its long-term viability and prompting comments that '$10 IS FUD'.