The Dark Side Of Crypto Twitter

GM Readers!📪 It's BitDegree Insider, and let's greet this summer with a welcoming hug.

⭐️Today's selection:

• 🌗Crypto Twitter & Its Dark Side
• 🧩️Thursday Quiz
• 👌Selected Meme of The Day
• 📰Bite-Sized News

CRYPTO TWITTER AND ITS NUANCES

Brace yourself for a story that showcases how bonkers the Crypto Twitter can get.

In a nutshell, one user trolled some crypto-influencers, memecoin shillers and similar figures who were promising huge profits and low risk.

Pauly0x, an influential crypto blogger, known for his unconventional approach, orchestrated a move that left jaws dropping.

He received more than 600 ETH. And how did he do that?

Not by promising groundbreaking tech or exceptional returns, but by audaciously publishing his wallet address and a cheeky GIF saying, "Send ETH, You get nothing."

Pauly0x went ahead and registered an ENS domain that aligned perfectly with his bold claim - yougetnothing.eth.

And then, in a classic Pauly0x move, he enriched his tweet with a meme of the laughing Spanish guy, adding a dash of humor to the whole scenario.

Here's the kicker: in less than 10 minutes, the crypto world bore witness to the power of honesty, (albeit coated in humor).

Our "most honest crypto investor" saw $76.38 worth of ETH flow into his wallet.

And… This was only the beginning.

In a surprising turn of events, within 48 hours, that sum skyrocketed to over $1.2 million (in ETH).

But… Not everyone's convinced about the sincerity of this whole… miraculous thing.

There are skeptics who suspect that the blogger is simply laundering money, sending "dirty" ETH under the guise of donations.

The scheme is seemingly transparent, hence, it escapes suspicion.

Moreover, they claim that the blogger could attract "a few real people who will genuinely send a few bucks."

But there really were some real people who sent large amounts.

Yet, there are also those who sent 10 ETH from wallets that are just a week old.

Interestingly, these wallets received their deposit through a transfer from the MEXC exchange, without KYC verification.

Well, it's indeed a riveting tale that calls for further investigation.

But in the crypto world, that's not a problem, so we're eagerly waiting for updates.

And…THAT'S NOT ALL.

If you delve too deep into some parts of Twitter…. things can get a little bit… repulsive.

So, it makes sense why beeple, one of the most famous NFT artists, made this piece:

Here's one of the examples of such a claim.

And this is without mentioning that Borovik had 75 ETH in his public crypto wallet already.

And to make it seem even worse… He received enough money not for 1 new iPhone, but for 14 of them.

Remember when we said that the Crypto Twitter can get bonkers? I think, by now, you understand why we chose this word.

But… as always. There's more.

Another crypto influencer, Andrew Wang, stumbled upon an honorable project.

A project that was supposed to help a charity. A project that was supposed to help a person who's fighting cancer.

"I'll put my rep on the line to say this is for real amidst all the scams in our space," stated the influencer.

People believed him. The project's smart contract raised more than 64 ETH (at least $118,000).

And…

This "cancer patient" simply… stole all that was donated to them, and deleted their socials. Okay…

Andrew Wang felt sorry. He apologized, and made up for it by donating money to a real fund.

Stories like this do make you feel like Crypto Twitter is good at reaching some very deep moral lows.

But… you can always go even lower…

Not long ago, we talked about the memecoin mania, and how some random people just got rich overnight thanks to them.

But the one who made the most out of it was someone whose Ethereum nickname is jaredfromsubway.eth.

Well, now there's someone impersonating this Jared from Subway.

They created a fake profile and go on promising fake giveaways, and new scams.

This impersonator even managed to get the golden verification check. Twitter does have a problem!

And, of course, many people fell victim to this impersonator's tricks and schemes. Here's their wallet:

Well, having said this, we can stop with this summertime sadness. There are good things out there.

Remember to stay vigilant and not fall victim to these ridiculous BS scams!

TL;DR: In a wild display of Crypto Twitter antics, a blogger named Pauly0x received over $1.2 million in ETH by boldly asking for donations with a humorous twist. However, skeptics question the legitimacy of the donations, suspecting money laundering and the involvement of fake accounts. Meanwhile, other disturbing events unfold, including a charity project turning out to be a scam and an impersonator targeting users with fake giveaways.

THURSDAY QUIZ

Okay. For today's quiz, let's remember something nice. Let's reminisce…

P.S. this image is a hint!

SELECTED MEME OF THE DAY

BITE-SIZED NEWS

• Unresponsive Hacker Prompts Jimbos Protocol to Issue $800K Bounty to Public. The search continues.
• German Telecommunications Provider Deutsche Telekom Becomes Polygon Validator. New revenue streams incoming.
• Gemini Targets UAE License Amid Rising Enthusiasm for Crypto in the Region. New territories.