Cryptocurrency The lack of regulation for their units creates too many opportunities for scammers. Fraud includes not only the scam of a project, but also paid advertisements.
in 2021 cryptocurrency We have seen that many social media users have received advertising projects related to crypto money projects after the increasing interest in their units.
At this point, it was often hidden that a praised project was part of a paid advertisement. Cryptocurrency phenomena have also turned this field into a new income source. We have observed that many phenomena that reach millions of people share many scam projects.
Safemoon Case
A class action lawsuit has now been filed in this regard. Social media user Zachxbt announced that it has filed a class action lawsuit against Boxer Jake Paul, rapper Soulja Boy, rapper Lil Yachty, and others for falsely posting the SafeMoon project.
Nice a class action lawsuit was filed against Jake Paul, Soulja Boy, Lil Yachty, & others for deceptively promoting SafeMoon.
Am curious if we will see that with other celeb/influencer meme coin scams (like YUMMY).https://t.co/SJJMLEjYv8 pic.twitter.com/vbfQiVo4tG
— zachxbt (@zachxbt) February 21, 2022
It is thought that after the regulations to be made in Turkey, such project advertisements will disappear or at least sanctions will deter the phenomena.