A suspicious asset manager is claiming to have entered into a short position targeting a 99% crash in the price of Chainlink.
Targeting over 99%, a manager is claiming to have entered into a short position.
a report authored by Zeus Capital has asserted that the firm is building into a Chain Link (LINK) short position with a target of 99% gains, describing the top-10 cryptocurrency by market cap as “crypto’s Wirecard.”
Zeus Capital has affirmed over a firm that is creating a Chain Link (Link) short position with a target of 99% gains. And interpreting that top-10 cryptocurrency by market cap as “crypto’s Wirecard.”
Zeus-Capital.com, registered its website just seven months before it’s Twitter account was suspended for crimes.
With the report offering no quotations and featuring zero working links, many believe that it was authored maliciously.
Suspicious report predicts Chainlink price decimation
The purported aids the management and research the firm claims to be based in New York, London, Singapore, and Hong Kong. As Cointelegraph is not capable of contacting the firm with the phone number for its London office appearing to be switched off, and the Hong Kong office diverting calls straight to voicemail.
One Redditor dubiously claims to have talked to the firm, as reported
“I actually called the phone numbers because I was not sure about this Zeus Capital. Anyway, I had a talk of over 30 mins with them: They are short They are legit Their concerns are well-meant. Looks like LINK soon will be going down. I would not buy LINK above $2.”
The firm also has the identical name as the UK-based wealth manager as ‘ZeusCapital.co.uk,’ and to avoid confusion with the United Kingdom-based company.
‘The Coinlink Fraud Exposed,’ a report with a title, that predicts that LINK will fall from $7.95 to $0.07 over an unknown timeline.
“Very small” and “inexperienced,” Zeus denoted Chainlink’s development. And asserting that on-chain activity is decreasing while competing protocols proliferate. Also, it indicts Chainlink’s managers of insider trading, market manipulation, and distributing incorrect and deceptive information.
LINK broke into new all-time thrills over $5 before this month earning more than 50% in one week.
Cointelegraph called Chainlink, Zeus-Capital, and Zeus Capital for comment, still had not received a response as of press time.