ENTERTAINMENT

CODY KO SHAMES INFLUENCERS FOR “SCAMMING” FOLLOWERS INTO CRYPTOCURRENCIES

Dubbing it “the new influencer scam” Cody Ko thinks celebrities are abusing their fame to make quick bucks off of crypto-hungry followers.

No one wants to miss out on the next Bitcoin or Dogecoin, and that’s exactly what Ko believes influencers are preying on.

He's most concerned about those prefacing their recommendations with “not financial advice” disclaimers.

Cody thinks that influencers are promoting riskier currencies, knowing full well that they can afford the risks and make a quick buck in the process.

This is “shady” behavior that he believes is ‘ripping off’ and “scamming” susceptible followers - who don’t have the same financial safety nets.

For Ko, this behavior by influencers is a misuse of their influence. He’s a fan of cryptocurrencies, but not of celebrities using crypto to exploit their fans.