Crypto community’s ‘send ETH’ tweets spark various theories and warnings

With the address receiving a lot of funds, lots of other social media accounts attempted to do the exact same, hoping to get some ETH for themselves. Raised 0 eth (0%) Ordering a brand-new life once I reach $1,000,000 so my life can change Send me eth: 0x0000000000000000000000000000000000000000( You get nothing in return. The social media account concluded that this trend was a technique to get traction and attention by sending out ETH to themselves.Related: Influencer served settlement demand through NFT following $7M token presaleOn Reddit, the trend got unfavorable feedback from the community.

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A wallet address called “yougetnothing.eth” has actually gotten more than $1 million worth of ETH in the 24 hours considering that it was produced. With the address receiving a lot of funds, many other social media accounts tried to do the exact same, hoping to get some ETH for themselves. Raised 0 eth (0%) Ordering a brand-new life once I reach $1,000,000 so my life can change Send me eth: 0x0000000000000000000000000000000000000000( You get absolutely nothing in return.

Another influencer declared they did it as an experiment and only had one person contribute to them. The social networks account concluded that this pattern was a technique to get traction and attention by sending out ETH to themselves.Related: Influencer served settlement need through NFT following $7M token presaleOn Reddit, the pattern received negative feedback from the community. A Redditor highlighted that the Twitter account only had around 68,000 fans and did not think the funds were from the neighborhood. The Reddit user suggested it could be a money laundering attempt, where “filthy ETH” are being sent out as donations. Redditor pointing out some suspicious deals to the wallet. Source: Reddit Another neighborhood member shared that a person of the accounts was just a week old and had actually gotten 544 ETH from an exchange that didnt need Know Your Customer checks. The neighborhood member recommended that there appeared to be a pattern in the contribution quantities. On May 31, previous United States Securities and Exchange Commission chief John Reed Stark sent out a alerting to social media influencers who control crypto costs. According to Stark, these influencers will become captured and face penalties. Magazine: Get your money back: The odd world of crypto lawsuits