Tags: Influencers

Users are still falling into crypto influencers‘ traps which made millions off of their FOMO.

The French Senate favors lighter restrictions on crypto influencers (jlxp/Pixabay)

(Farokh Sarmad, modified by CoinDesk)

Social media stars couldn‘t shill unlicensed crypto products under plans voted on by the National Assembly’s Economics Committee Wednesday.

Under the industry’s self-regulation code, advertisements must clearly warn users of investment risk and social media influencers shouldn’t offer trading advice.

A number of YouTubers, often working with the Creators Agency talent management company, took money that was allegedly stolen from FTX customers to promote a gigantic financial fraud.

FTX was just like the ill-fated Fyre Festival: a hollow project fueled by mendacious influencer marketing, says Oxygen‘s Nemo Yang.