GXChain admins bribed for 5 BTC to post fake partnership news
Thanks to bearish trend, certain cryptocurrency communities have resorted to post fake partnership news on their social media channels to pump price of their coin / token. One recent example are admins of GXChain (GXS), where we see one fellow asking admin to post deal with Chinese government and leave the tweet up for 30 minutes. In return, he promises to send him 5 BTC.
He immediately gets another offer from a buyer who puts up a 3.7 BTC buy order as well.
Cant make this shit up. Users try to bribe $GXS #gxchain admin/staff on Telegram for 5 BTC to post fake partnership news.
Admin posts Chinese partnership news on Twitter and market goes up 30%.
SMH. pic.twitter.com/b4d37OnoND
— Anondran (@anondran) March 28, 2019
Telegram’s admin of GXSchian posted news on twitter that GXChain has become a partner of Chinese Telecom and member of government enterprise business ecosystem. Immediately after that, the price of GXS token on Binance went up 30 percent.
Later, another administrator posted that he will fire the admin who tweeted about the partnership.
Interestingly, the partnership is said to be real as after deleting the aforementioned tweet, the GXChain team has tweeted again about the partnership with the Chinese government.
Thank you for your attention. The News published on GXChain official social media accounts have always been true and confirmed.
Welcome to follow us on official #GXChain Facebook account: https://t.co/sU7b4GQxEM;
and GXChain official Twitter account: https://t.co/ICYlQl4od5— GXChain (@GXChainGlobal) March 28, 2019
Here’s the tweet about the Chinese announcement by GXChain.
#GXChain NewsOn March 27, GXChain became a partner of Sichuan Telecom, a regional branch of China Telecom, and a member of the government-enterprise business ecosystem.
— GXChain (@GXChainGlobal) March 28, 2019
That is how manipulation and justification in crypto is done. Always invest in quality projects and never FOMO into such pumps.