Chainlink
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LINK · 1w

Crypto fund behind Chainlink FUD is offering 5 Bitcoin to post bearish positions

A dubious crypto fund, Zeus Capital, is reportedly offering prominent Twitter members up to 5 Bitcoin to post a short-biased price analysis for Chainlink (LINK).

Rewards for spreading “FUD”

Screenshots and tweets on Thursday showed the fund — whose identity and legitimacy is not verified yet — was giving monetary awards to influential Twitter users. The move follows its infamous report on LINK from weeks ago, one that said the cryptocurrency would “correct by 99%.”

“Icebergy,” an engineer and crypto developer, trolled Zeus Capital on Wednesday, asking for 5 Bitcoin for posting a “bad Link chart.”

[email protected] 5 BTC and ill post a bad Link chart — icebergy ❄️ (@icebergy_) July 29, 2020

To his, and every LINK “marines” surprise, Zeus seemed to accept the bid on a DM to Icebergy:

HOLY SHIT https://t.co/62E0x5rbRr pic.twitter.com/MhMvCTJcSk — icebergy ❄️ (@icebergy_) July 29, 2020

Other Twitter users also seemed to have received similar bounties, all in return for a position that showed LINK in poor light. The receiving end included Scott Melker, who goes by “The Wolf of all Streets:”

Let me be clear. I would never take money to post something negative. Ever. Zeus Capital did DM me this morning, but I replied politely (as I do to all DMs) that I had already posted a LINK chart yesterday. The screenshot is below for reference. Choose facts, not rumors. pic.twitter.com/rMqz5YKMYh — The Wolf Of All Streets (@scottmelker) July 29, 2020

Although Melker did post a “not bullish” position for LINK, he said it was based on technical analysis instead of a report, confirming a later tweet.

As CryptoSlate reported earlier this week, Zeus Capital has charged on Chainlink with an elaborate report calling the blockchain agnostic project a “scam.” The final sentence of the statement reads:

“Based on our findings, we have opened a short position in LINK and recommend you doing the same with a target price of USD 0.07 an...
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