Another controversy is making the rounds in the crypto space: a trader named Elizabeth is being accused of faking position data. It’s said she edited screenshots of her holdings to create the appearance of profits. This kind of behavior isn’t uncommon in crypto, but every exposure sparks heated debate.

Some sleuths pointed out that images from her earlier trade posts showed signs of Photoshop, with contradictions in position amounts and ROI figures. Careful users also compared and found that for the same time period, the positions she posted across different platforms were completely different.

These tactics are often used to attract copy trading or drive referral commissions. Newcomers to crypto can be misled by flashy profit screenshots and end up losing money by following along. How should this be addressed? Do exchanges have a responsibility to vet the authenticity of these influencers (KOLs)?