Crypto Influencer Apologizes After Promoting Scam Memecoin

• Crypto influencer Eunice D. Wong recently came under fire for promoting a scam memecoin known as ThaddeusToken.
• The token is recognized as a honey pot by CoinBrain and features a sell tax of 100%.
• Wong apologized, offered to reimburse victims of the scam, and admitted her failure in performing adequate due diligence before promoting the token.

Crypto Influencer Promotes Scam

Crypto influencer Eunice D. Wong recently came under fire for promoting a scam memecoin known as ThaddeusToken, stirring up a storm in the crypto community. The token is recognized as a honey pot by CoinBrain and features a sell tax of 100%, meaning that selling the tokens would result in losing the entire balance.

Backlash Against Crypto Influencer

The tweets about the incident sparked a wave of backlash against Wong, who boasts a follower count of over 126,000 on Twitter. GeckoTerminal also highlights that the token features a sell tax of 100%, meaning that selling the tokens would result in losing the entire balance.

Apology from Crypto Influencer

In response to the criticism, Wong apologized and admitted her failure in performing adequate due diligence before promoting the token. She also offered to reimburse victims of the alleged scam. She issued an apology on her Twitter profile, reiterating that she will “recover losses to those who dm’ed” her about their losses associated with ThaddeusToken.

Previous Controversy Involving Crypto Influencer

This is not the first time Wong has faced accusations related to her crypto endorsements. In June, she was embroiled in controversy involving a pump and dump scheme with low market cap token Covesting (COV). She promoted it in one tweet only to publicly announce 12 minutes later that she had sold it for 102% profit.

Takeaways From This Incident

The recent controversy surrounding Wong underscores broader challenges in the crypto market, particularly how high-profile figures can influence novice investors without proper due diligence being done beforehand. It serves as an important reminder for all investors about doing their research before investing in any cryptocurrency regardless of who promotes it or what their reputation may be within certain circles or communities