QAnon cryptocurrency implodes — and costs its investors millions of dollars: report

On Monday, disinformation-fighting tech company reported that a special cryptocurrency developed for adherents of the QAnon conspiracy theory has imploded.

“For the past year, two QAnon-affiliated influencers have been persuading their thousands of followers to invest in a portfolio of cryptocurrency tokens marked as fraudulent by the Stellar network — a major blockchain, alongside the better known Bitcoin and Ethereum — causing their followers to collectively lose millions of dollars, one of whom died by suicide after losing more than $100,000,” said the report. “Combining conspiracizing with bad investment advice, the WhipLash347 and Quantum Stellar Initiative (which has no relationship with the Stellar network) Telegram channels coordinated to produce a weekly curated list of cryptocurrency assets, claiming that they had access to secret military intelligence and knew which assets were going to succeed.”



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