Genius or sly dog?
How Krypto-Kid robbed investors of their money multiple times
Clever marketing genius or hardened slyster? Opinions are likely to differ about a youngster who defrauded investors of their money several times with his own cryptocurrency. In the end, however, he also had to learn an important lesson ...
"Just earned 2000 dollars before school" - this post made crypto investors prick up their ears. Especially as the US teenager from whom it originated provided sound evidence for his statement: the post on X was accompanied by a photo showing him and his current account balance, albeit mirror-inverted.
The post, which has since been viewed more than four million times, certainly didn't fail to make an impact: when the 13-year-old launched his own fun cryptocurrency, GenZ Quant, based on the Solana blockchain, just two days later and promoted it in a livestream, risk-taking investors sensed a big deal. But they were soon to be proven wrong.
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