

The ownership of the WhipLash347 account is believed to have changed hands more recently due to changed behavior. The losses are believed to be in the millions and Logically claimed one man committed suicide after losing $100,000 in the scheme.Ī user known as PatriotQakes leads the QSI main channel, which has multiple regional affiliates. The publication said the two mixed conspiratorial content and misinformation to target those distrusting mainstream financial and media institutions to give authenticity to the cryptocurrencies they promoted. They reportedly told their followers that cryptocurrencies would succeed based on their insider knowledge, claiming they had access to secret military intelligence. WhipLash347 is a Telegram group with 277,000 followers and QSI has 35,000. It reported the two influencers running the Telegram channels WhipLash347 and the Quantum Stellar Initiative (QSI) coordinated to promote lists of Stellar ( XLM) altcoins that have been marked as fraudulent by the Stellar network. The allegations are included in an investigation by Logically, a group of data scientists and developers. The pair reportedly persuaded their thousands of followers to invest in a crypto portfolio, presenting a misleading mix of conspiratorial and genuine content along with claims about institutions backing the tokens to generate hype and raise the price of the portfolio. Two QAnon-affiliated conspiracy theorist influencers allegedly caused their followers millions of dollars in losses by running a cryptocurrency pump-and-dump scheme.
