This article covers blockchain news, trading news, and technology news.

Cointelegraph’s latest video examines the hidden dangers of seeking financial advice on the X platform, formerly known as Twitter. The hub of the crypto community is also a hotbed of market manipulation and scams.

The video explores how some high-profile accounts manipulate prices with “pump-and-dump” schemes. These accounts promote certain tokens, driving up their prices and selling at the peak, leaving ordinary investors with worthless assets.

Experts reveal how influencers build trust by connecting emotionally with their followers, making it easier to make risky investments with insufficient research.

Transparency remains a major problem. Many influencers fail to disclose their conflicts of interest, leading their followers to believe they are receiving unbiased advice. In reality, they may be profiting from secret partnerships with token projects.

Watch the video on our YouTube channel for more information on the risks posed by Crypto Twitter and how to avoid them. Share your thoughts in the comments.