Analysis: Paid crypto press releases heavily tied to high-risk and fraudulent projects, Chainstory finds
A Chainstory analysis of roughly 2,900 cryptocurrency press releases published over a four-month span found that about 62% originated from projects labeled high risk or fraudulent. The study highlights a pay-to-play distribution model, heavy use of promotional language, and a concentration of dubious issuers in sectors such as cloud mining and frin…