Two QAnon-affiliated conspiracy theorist influencers allegedly caused their followers millions of dollars in losses by running a cryptocurrency pump-and-dump scheme.
The pair reportedly persuaded their thousands of followers to invest in a portfolio of cryptos, presenting a misleading mix of conspiratorial and genuine content along with claims about institutions backing the tokens to generate hype and raise the price of the portfolio.
The allegations are included in an investigation by Logically, a group of data scientists and developers. It reported the two influencers running the Telegram channels “WhipLash347” and the “Quantum Stellar Initiative” (QSI) coordinated to promote lists of Stellar (XLM) altcoins which have been marked as fraudulent by the Stellar network.
WhipLash347 is a Telegram group with 277,000 followers and QSI has 35,000. They reportedly told their