One third of cryptocurrency bloggers on TikTok lure users into dubious schemes

The number of views of cryptocurrency videos on TikTok has exceeded 6 billion. However, according to a new study, not all crypto influencers are trying to help investors.

The dappGambl service analyzed 1,161 videos with the hashtag #cryptok and every third of them turned out to be scams — bloggers lured users into far from the best projects. In addition, in only 10% of cases did the authors of the videos warn that cryptocurrency investments are a dangerous type of investment and that users can lose money.

Bitcoin remains the most popular coin in the «cryptocurrency TikTok» — the first cryptocurrency is mentioned in at least a third of the videos. Experts emphasize that both new and experienced investors need to conduct their own research on the project in which the popular tiktokers are calling to invest.