Crypto’s Carnival of Lies: 62% of Press Releases Are Scams in Disguise

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Ah, the crypto world-a labyrinth of greed, delusion, and the occasional flicker of genuine madness. Behold, a majority of press releases scattered across its news sites are but the fevered dreams of high-risk schemers and outright fraudsters. Is it not a comedy, this dance of deception, where the blind lead the blind into the abyss?

In a report that reeks of both tragedy and farce, the crypto communications firm Chainstory-a name that drips with irony-has dissected 2,893 press releases from June 16 to November 1, 2025. Their findings? Roughly 62% of these proclamations were birthed by projects classified as High Risk or confirmed Scams. Anonymous teams, promises of returns that defy the very laws of economics, and cross-references with scam databases-such are the hallmarks of this circus.

The Pay-to-Deceive Model

Consider the crypto press release “wires,” a system so corrupt it would make even the most jaded soul blush. Operating on a pay-to-play model, these wires allow projects to purchase visibility across media sites, bypassing the meager shreds of editorial integrity that remain. Unlike traditional wire services, which at least pretend to serve journalism, crypto wires sell direct publication with compliance checks as flimsy as a drunkard’s promises. Article placement, once a sacred trust, is now a commodity to be bought and sold.

Chainstory, with a straight face, declares that any crypto project, regardless of credibility, can secure visibility on recognizable news domains-provided, of course, they have the coin. Is this not the very essence of our age: truth for sale, and the highest bidder crowned king?

The content of these releases? A parade of trivialities. Nearly half-49%, to be precise-focus on routine product updates, while 24% trumpet exchange listings and trading promotions. Token launches and tokenomics changes account for 14%. Only 58 releases, a mere 2%, dare to touch upon genuinely newsworthy events like funding rounds or mergers. But who has time for substance when hype pays the bills?

The Language of Deception

Chainstory, in its relentless pursuit of the obvious, also examined the tone of these releases. Surprise, surprise-only 10% are written in a neutral, factual style. The rest? A cacophony of exaggeration and overt promotion. Superlatives abound, unchallenged, as if reality itself were but a marketing ploy. Would that such claims faced the scrutiny of honest journalism, but no-in this realm, the pen is mightier than the truth.

And who are the purveyors of these tales? High-risk issuers account for 35.6% of releases, while confirmed scams make up 26.9%. Established, low-risk projects? A mere 27%. The credible, it seems, rely not on paid distribution but on the organic coverage that comes with integrity. Yet, in sectors like cloud mining, nearly 90% of releases are from projects flagged as high risk or scams. A gold rush, indeed-but the gold is fool’s.

Thus spins the crypto carousel, a spectacle of greed and gullibility. And we, the spectators, are left to wonder: is this the future of finance, or merely its most absurd parody?

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2026-02-08 01:17