See More

Crypto Influencer Vows to Refund Victims Who Bought ‘Honeypot Scam’ Token

2 mins
Updated by Kyle Baird
Join our Trading Community on Telegram

In Brief

  • Crypto influencer Eunice Wong was recently called out on Twitter for promoting a scam token.
  • After being exposed, Wong tweeted an apology and promised to reimburse the victims.
  • BeInCrypto found that Wong has yet to respond to refund requests of several alleged victims.
  • promo

Crypto influencer Eunice Wong was recently called out on Twitter for promoting a scam token. She reportedly did not disclose any association with the project.

After being called out, Wong apologized to her followers. In addition, she vowed to refund the money they had lost due to her promotion of the scam Thaddeus token.

Crypto Influencer Stirs the (Honey) Pot

On-chain crypto analyst ZachXBT pointed out that after being exposed previously for similar promotions, Wong continued to market the ‘Honey pot scam’ token. In June of 2022, she allegedly engaged in pump-and-dump trading of the Covesting COV token, and the community called her out.  

In response to the latest debacle with THADDEUS, Wong tweeted an apology and promised to reimburse her followers who had lost money due to her tweets.

According to alleged victims @Davis_n7 and @GneriD, Wong has not responded to their requests for a refund at the time of writing. In response to Wong’s post, GneriD informed BeInCrypto that they had spent around $350 on the Thaddeus token and shared screenshots of the alleged transaction.

Alleged victim GneriD's testimony to BIC
Alleged victim GneriD’s testimony to BIC

If new information becomes available regarding reimbursement, BIC will update the story.

Alleged victim GneriD's messages to Wong
Alleged victim GneriD’s messages to Wong

The Blurry Lines of ‘Finfluencers’

Huy Bui, a different Twitter user, asserts to have gotten a reimbursement from Wong’s personal funds. However, it is unverified at press time without transaction information.

Meanwhile, there is a disagreement in the community on the subject of refunds. One side contends that investors should consider how risky trading is and undertake due diligence before making any investment decisions. The opposing view holds that Wong is responsible for failing to clarify how risky her advice was.

Recently, notorious social media figure Andrew Tate, a former professional kickboxer, mentioned a fictitious Sluts token in a tweet. Soon after, an unknown person made the token a reality. Rumors then surfaced about Tate’s possible covert involvement with the meme coin, alluding to a pump-and-dump scheme.

Many nations have started implementing regulations to stop scams and safeguard investors from the advice of crypto influencers. A few months ago, the Securities and Exchange Commission (SEC) penalized Kim Kardashian for failing to disclose a payment she received in exchange for endorsing a cryptocurrency asset on Instagram.

U.K. officials launched a campaign last month to warn these so-called ‘finfluencers’ against endorsing crypto frauds and get-rich-quick schemes. Both Australia’s ASIC and India’s SEBI promise stringent action for financial influencers for disclosure failures.

Top crypto projects in the US | July 2024
Harambe AI Harambe AI Explore
Uphold Uphold Explore
Exodus Exodus Explore
Coinbase Coinbase Explore
Chain GPT Chain GPT Explore
Top crypto projects in the US | July 2024
Harambe AI Harambe AI Explore
Uphold Uphold Explore
Exodus Exodus Explore
Coinbase Coinbase Explore
Chain GPT Chain GPT Explore
Top crypto projects in the US | July 2024

Trusted

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

shraddha_sharma.jpg
Shraddha Sharma
Shraddha is an India-based journalist who worked in business and financial news before diving into the crypto space. As an investment enthusiast, she has also has a keen interest in understanding crypto from a personal finance standpoint.
READ FULL BIO
Sponsored
Sponsored