Have you ever heard of bad journalism and crypto projects being targeted by malicious individuals? Apollo Fintech is one such project which has been subjected to blackmail, threats and stalking by Sultan Kassam and Danny de Heck.
This article will examine the tactics used by these malicious actors to defame legitimate projects, the cost of such activity in the crypto sphere, and ways to combat it. Finally, we will give you some important thoughts on why you should be cautious when searching for information about crypto projects and investment opportunities.
The Cost of Bad Crypto Journalism
Bad journalism is widespread in the crypto space, and it can be damaging to projects and individuals alike. The cost of this activity is difficult to estimate, but it comes at a high price in terms of damage to reputation, loss of investment capital and trust.
Projects targeted by malicious actors often suffer from slow or stalled development as well as low 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.
Checking the Strategy Used
The two main actors behind the harassment of Apollo Fintech were Sultan Kassam and Danny de Heck. Sultan is using methods such as blackmail, threats and stalking to discredit the project and its CEO.
What does the Sultan want to achieve? This is a question which the legal authorities should look into. We looked at Sultan online and found that he directs three different companies In the UK, so he is not the average retail investor.
Instead, de Heck is a longtime critic of blockchain projects. it seems like a obsession With metaverse-based projects. For example, ask Lunavan, a project de Heck targeted with unfounded allegations to discredit it.
The tactics used by these two actors are often similar: spreading misinformation and unfounded allegations, trying to project a negative image of the project or its CEO, creating discord among team members, etc.
This activity is highly detrimental to legitimate projects and can result in significant losses for investors.
Ways to combat bad crypto journalism
If you think you are powerless against bad journalism, you are wrong. You can actively fight this activity by doing research and not just relying on the opinion of one person or group of people.
You should also verify factual information by asking for proof or finding other sources that corroborate it. Lastly, you should also be aware of the agenda behind some of the attacks. Are they motivated by financial gain or personal vendetta?
Final Thoughts – Keep Your Eyes Open
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 does exist. To protect yourself and fellow investors from malicious actors, be sure to do your own research and verify the information presented to you.
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