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News Explorer — How Fake Celebs Ran Up the Price of an 'Insane' Token

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Aug 12, 7:10 pm
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How Fake Celebs Ran Up the Price of an 'Insane' Token

Insane Labz, a nutritional supplements company, allegedly paid online trolls to impersonate celebrities and promote its LABZ token. The scheme helped pump the token's market cap from $3 million to $15 million before it collapsed by over 90%. The company encouraged the impersonators and even created LABZ token emojis with the celebrities' faces on them.

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