- Zeus Capital has been paying Twitter crypto influencers to submit damaging LINK charts
- The firm has been on an anti-Chainlink bent for over two weeks after publishing a ‘report’ calling it a “Russian pump and dump scheme”
- The firm has clearly taken out a brief place which isn’t figuring out
Zeus Capital, the shady outfit behind a report that just lately accused the Chainlink venture of being “crypto’s Wirecard”, has been uncovered after excessive profile Twitter accounts revealed that Zeus Capital was providing them cash to submit damaging worth evaluation concerning the LINK token. The rip-off, which has seen some take the bait and submit faux charts, represents the desperation of Zeus Capital to get out of what’s very probably a really heavy quick place.
(Badly) Orchestrated FUD Campaign
The unusual episode dates again to July 16 when the little identified Zeus Capital published a report that accused Chainlink of being a “Russian pump and dump scheme”, citing insider buying and selling, entrance working, faux transactions, and a rash of different misdemeanors that they claimed backed up their concept. The report was shortly debunked, however this hasn’t stopped Zeus Capital from pursuing their vendetta.
After two weeks of retweeting any and all constructive responses to their report, Zeus Capital has just lately moved onto the following stage of a clearly orchestrated FUD marketing campaign. In the final week or so Zeus Capital has stepped up its sport by utilizing the Twitter promoted tweet facility, which is generally utilized by corporations to promote merchandise, to promote their very own anti-Chainlink tweets. This try to unfold their gospel has seemingly fallen on deaf ears, with many merely confused as to why the corporate is paying to badmouth the token.
Embarrassing Attempts at FUD
Phase three nevertheless is absolutely the place Zeus Capital’s credibility has gone out of the window after a number of excessive profile Twitter merchants posted requests made by Zeus Capital asking them to submit damaging LINK charts that confirmed the value crashing:
This is a coordinated effort aimed toward damaging the initiatives and weakening the market.
The people behind the operation have almost definitely taken out quick positions hoping to crash the markets with FUD.
Not solely this unfair, it’s extremely unlawful and have to be stopped.
— Crypto Bitlord 🚀 (@Crypto_Bitlord) July 29, 2020
Seemingly ignoring the stream of dangerous publicity and mock coming their manner after being outed, Zeus Capital has nonetheless retweeted these charts as an try to again up their flimsy case:
— Hsaka (@HsakaTrades) July 30, 2020
Zeus Capital Getting Desperate
The purpose for Zeus Capital’s desperation is fairly clear. LINK has been on an epic four-month run which has seen it rocket from $1.30 in March to $8.90 in July, topping out on July 16 – the day after the report was printed. Having seen the token hit such highs it could be a pure transfer for any dealer to take a brief place, and that is probably what Zeus Capital has executed, probably to a dangerously excessive diploma, within the hopes that they might obtain a flash crash of the LINK worth and switch an enormous revenue.
Since the plan was carried out in such a hamfisted manner that even the least critically-thinking people can be asking questions of it, it has failed spectacularly, main Zeus Capital to embarrass itself because it makes an attempt to get the LINK worth pushed decrease, though it seems that they’ll at the least see some humor of their atrocious makes an attempt:
It is ironic that Zeus Capital is accusing insiders of manipulation of the LINK token, when that is precisely what they themselves are trying to do. If there’s any justice on this planet, the LINK token will go on one other large upward transfer and they are going to be swiftly liquidated.