Have you ever heard about crypto projects targeted by bad journalism and malicious individuals? Apollo Fintech is one such project, facing blackmail, threats, and stalking from Sultan Kassam and Danny De Hek.
This article will investigate the tactics used by these malicious actors to discredit legitimate projects, the cost of this kind of activity in the crypto sector, and the ways to counter it. Finally, we’ll leave you with some important thoughts on why you should be vigilant when researching information about crypto projects and investment opportunities.
The Cost of Bad Crypto Journalism
Bad journalism is pervasive in the crypto space, and it can be damaging to projects and individuals alike. The cost of this activity is difficult to quantify, but it comes at a high price in terms of reputation damage, loss of investment capital, and trust.
Projects that are targeted by malicious actors often suffer from slow or stalled development, as well as reduced confidence in the market. For individual investors, bad journalism can lead to emotional distress and financial loss if they make decisions based on misinformation or false information.
Investigating the Tactics Used
The two main actors behind Apollo Fintech’s harassment were Sultan Kassam and Danny De Hek. Sultan has been using methods such as blackmail, threats, and stalking to discredit the project and its CEO.
What does Sultan want to achieve? That’s a question that legal authorities should be looking into. We looked Sultan up online and found that he directs three different companies in the UK, so he’s not the average retail investor.
De Hek, instead, is a long-time critic of blockchain projects. He seems to have a sort of obsession with metaverse-based projects. Ask LunaOne, for instance, a project De Hek targeted with baseless accusations to discredit it.
The tactics used by these two actors are often the same: spreading misinformation and unfounded accusations, trying to project a negative image of the project or its CEO, creating discord among team members, etc.
This activity is highly damaging for legitimate projects and can lead to significant losses for investors.
Ways to Counter Bad Crypto Journalism
If you think you are powerless against bad journalism, you are wrong. You can actively fight this activity by researching and not relying solely on one person’s opinion or group of people.
You should also verify factual information by asking for proof or finding other corroborating sources. Finally, you should also be aware of the agenda behind certain attacks. Are they motivated by financial gain or personal vendettas?
Last Thoughts – Keep Your Eyes Opened
It goes without saying that you should always be careful when investing in crypto projects. Do your due diligence and keep an eye out for malicious actors.
In conclusion, bad journalism has no place in crypto, but unfortunately, it exists. In order to protect yourself and fellow investors from malicious actors, make sure to do your own research and verify the information presented to you.