According to TechFlow, X platform user bamboo disclosed a scam involving Web3. It is said that a group of fake "influencers" defrauded people of $20,000 almost every day through Meme coins and projects.

These scammers’ modus operandi include: impersonating influencers, posting stolen tweets and artwork, collecting wallet addresses, manipulating token supply and price, blocking skeptics, launching tokens and then selling them.

Bamboo pointed out that these scammers may have purchased old accounts that were followed by well-known people in the industry to gain trust. Despite the lack of innovation, there are still real users involved.

bamboo called on users to unfollow and block accounts suspected of engaging in such behavior, such as @ggaryplayz, @punk2537, @Retardio_eth, and @trenchesexe.