Crypto World

Cryptocurrency fraudsters gain ground as panic over the war fills social media

Published

4 weeks ago

24 March 2026

Fraud networks work by using X accounts

ZachXBT determined that there was a group of X accounts on the network that shared updates related to war to gain some credibility and an audience. Most of these accounts would frequently post about the political happenings to become known to active users, and they also had the benefit of reposting similar content that would assist in increasing their reach as well as ensuring constant exposure.

The accounts later started to promote fraud involving crypto after gaining a following. They involved bogus giveaways and organized pump-and-dump operations on unsuspecting participants. As a result, the users, who interacted with content about the war, were exposed to false promises of easy returns with the help of digital assets.
The research revealed that operators used to switch usernames and account identities to minimize chances of detection. They also purchased older accounts that were already followed to sound more believable. In addition to that, the network employed the same message being sent repeatedly on a number of profiles, which enabled them to push scam campaigns within a short period and successfully.

Major Profits on Organized Plans

According to on-chain data, such synchronized operations brought a lot of money to the operators. One instance was the report by ZachXBT that a campaign generated six-figure profits during short-term token promotions. There was also one case where multiple accounts promoted the token known as ORAMAMA in a single day and then never promoted it again.

The emergence of the scams is a part of a bigger story with scammers exploiting major international events to target online audiences to trick them. The presence of fear and uncertainty in the current conflict has empowered purported scammers to integrate misinformation into financial frauds, although the social media platforms continue to be at the center of the operation plans. The results mention how scammers can use geopolitical tension to organize coordinated campaigns of financial frauds, whereas the social media platforms remain central to their operational strategies.

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Crypto World

Stablecoins Do Not Threaten Banking Just Yet: Analyst

Published

9 minutes ago

19 April 2026

NewsAdmin

Stablecoins Do Not Threaten Banking Just Yet: Analyst

The impact of stablecoins on the banking sector appears “limited” at the current phase of the adoption cycle, but banks could face increasing competition and an erosion of market share as the stablecoin sector and tokenized real-world assets (RWAs) grow in market capitalization.

“So far, the use of stablecoins remains limited, but their market capitalization exceeded $300 billion at the end of last year,” Abhi Srivastava, associate vice president of Moody’s Investors Service Digital Economy Group, told Cointelegraph.

*The stablecoin market cap has surged past $300 billion. Source:* *RWA.xyz*

The role of stablecoins in payments, cross-border commerce and onchain finance is “expanding,” despite their currently limited role, Srivastava said, adding that existing payment systems in the US are already “fast, low-cost and trusted.” He said:

“For the banking sector, at this stage, disruption risk appears limited. In the near term, US rules that prohibit stablecoins from paying yield mean they are unlikely to replace traditional deposits at scale domestically.”

However, over time, growing adoption of stablecoins and tokenized RWAs, traditional or physical financial assets represented on a blockchain by a token, could place “pressure” on the banking sector, leading to deposit outflows and reduced lending capacity, he said.

Stablecoin regulatory policy has become a hot-button issue among crypto industry executives and those in the banking sector, with fears that yield-bearing stablecoins could erode banking market share proving to be a stumbling block for the CLARITY crypto market structure bill in Congress.

CLARITY Act stalled, as banks fight yield-bearing stablecoins

The Digital Asset Market Clarity Act of 2025, also known as the CLARITY Act, is a comprehensive crypto market regulatory framework that establishes an asset taxonomy, regulatory jurisdiction and oversight over the crypto markets.

*The CLARITY crypto market structure bill. Source:* *US Congress*

It is now stalled in Congress after a group of crypto industry companies, led by cryptocurrency exchange Coinbase, publicly stated opposition to earlier drafts of the bill.

A lack of legal protections for open-source software developers and a prohibition on yield-bearing stablecoins were among some of the most contentious issues cited by crypto industry opponents of the legislation.

Several attempts have been made by US lawmakers and the White House to negotiate a bill acceptable to both the crypto industry and the bank lobby.

Earlier this month, North Carolina Senator Thom Tillis said he plans to release an updated draft bill proposal that would be acceptable to both sides; however, the bill has reportedly received pushback, according to Politico, and has yet to be publicly released.

However, other crypto industry executives and market analysts have warned that if the CLARITY Act fails to pass, it could open the crypto industry up to future regulatory crackdowns by hostile lawmakers and officials.

Magazine: Stablecoins will see explosive growth in 2025 as world embraces asset class