Blockchain sleuth ZachXBT claims he obtained proof that many crypto influencers failed to indicate paid promotions on their social media pages.
On Monday, the web3 investigator published a spreadsheet that lists pricing and wallet addresses for more than 200 crypto influencers contacted to promote a token campaign. He alleged that fewer than five of roughly 160 who accepted the deal labeled their posts as advertisements.
The documents, shared on X, appear to show per-post price quotes ranging from hundreds to five figures, Solana wallet addresses for payment, and links to onchain payment receipts. The Block reached out to several named accounts for comment.
Undisclosed paid endorsements are a recurring flashpoint in the crypto industry, where so-called key opinion leaders, or KOLs, profit from thinly traded tokens. In the U.S., the Federal Trade Commission requires influencers to clearly and conspicuously disclose material connections to brands or projects in social posts. Failure to do so can draw regulatory scrutiny and mislead investors who may mistake sponsored content for impartial analysis.
ZachXBT’s latest post adds to broader concerns over market integrity regarding promoted cryptocurrencies and new launches, where coordinated shills, thin liquidity, and limited disclosures spell heavy losses for retail buyers after brief price spikes.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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