Big Stage, Bigger Scams? 5 Shady Crypto Projects That Gained Spotlight
Crypto sleuth ZachXBT called out Token2049 sponsors for being sketchy, warning that event sponsorship ≠ legitimacy. Projects like JPEX and HyperVerse used these events to seem credible — but later collapsed under fraud probes, causing huge investor losses.
🔎 Red Flags to Watch:
Anonymous teams
Poor tokenomics
Low liquidity
Only listed on obscure exchanges
Hype-driven, no real utility
Despite the risks, these shady coins still attract investors — fueled by speculation, influencer hype, and cult-like communities. New traders should stay cautious and do thorough research before jumping in.$XRP