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Several Crypto Media Remove Scam Study, Sources Allege External Pressure

BeInCrypto
Multiple crypto media outlets quietly deleted articles reporting on a study that exposed widespread high-risk and scam-related press releases.

Summary

A study by Chainstory analyzed nearly 2,900 crypto press releases and found that 62% originated from high-risk or confirmed scam projects, highlighting a "manufactured legitimacy loop" where dubious projects buy guaranteed placements to fuel retail FOMO. Following the initial publication of these findings across several outlets, including Investing.com and CryptoPotato, key articles reporting on the study were quietly erased without explanation. Sources suggest that an executive from a company implicated in the pay-to-play ecosystem, specifically Nadav Dakner, CEO of Chainwire, pressured these outlets to remove the content, citing alleged data faults. This action underscores the vulnerability of crypto media, which often relies on PR distribution revenue, leading to self-censorship or compliance with external pressure. Dakner's past ventures, including involvement with the SEC-settled Gladius Network ICO, add context to his influence within the industry's promotional infrastructure.

(Source:BeInCrypto)