Entire Crypto Sector Shocked As Mysterious Report Says LINK Is Fraud

The entire crypto sector was baffled over the past two days as a new, mysterious report emerged calling Chainlink a fraud. In our latest Chainlink news, we find out more about the report.

Social media and crypto supporters are trying to uncover the truth about the report that started circulating claiming to tell the truth about Chainlink, which is now considered the best-performing asset of all. The report is the work of the company named Zeus Capital who has labeled Chainlink a “Fraud”. Zeus Capital claims to be an asset management and research company but its website appears to be very low on content and hosting very little than the previously mentioned report. There are no details in it and no address listed with a  Hong Kong telephone number and an email address attached. The report itself adds a London-telephone number.

But why write a 66 page research document if it is FUD? On page 17 when they talk about the wallet adress and founders. Are those wallet addresses fake?

— Cisco (@cisco_gdz) July 15, 2020

The Korean version of the site contains a lot of language errors. The allegations in the report include that Chainlink operators use classic “pump and dump techniques such as trading on inside information” and warnings that a “crash is imminent.” The authors wrote:

 “Chainlink is trying to avoid а commitment of its mainnet launch date at any cost. LINK’s characteristics, such as lack of a decentralized ecosystem, combined with recent decisions by the [American regulatory] Securities and Exchange Commission (SEC), leave no doubt that LINK will be classified as security putting the whole enterprise and the investors at risk of anything from dealing in unregistered securities to court orders for the disgorgement of proceeds.”

Another London-based brokerage Zeus Capital seems to be totally unaffiliated with the report. The report was emailed to a lot of crypto market players so the entire crypto sector was baffled when they received the email. In the email, they also received downside risks and warnings. The mysterious report became a hot topic of conversation on the Telegram channel and one user wrote:

 “It’s a very shady website. They are impersonating https://zeuscapital.co.uk/ (note the different URL). They also appear to have gotten their hands on a list of LINK holders’ emails somehow and are emailing it to them.”

Other community members asked how the emails were made available while others claimed that the authors have obtained them after an old exchange hack.  Some users believe that the report is fake and should be only taken seriously unless it is debunked soon.