According to ZachXBT, Jason Derulo is allegedly involved in promoting a new cryptocurrency that may be a scam. This raises concerns for traders about the legitimacy of celebrity-endorsed coins. ZachXBT suggests caution in trading any coins linked to Derulo until further information is verified.

According to @bolsaverse, The Economist's latest cover story reveals that the crypto scam industry has grown to a staggering $500 billion annually, providing examples of individuals being defrauded by fake crypto trading websites. This emphasizes the need for traders to exercise extreme caution and conduct thorough due diligence when engaging in cryptocurrency transactions.

According to ZachXBT, he has been actively working with a victim of a cryptocurrency scam. This implies ongoing efforts to address and possibly recover lost funds, which might impact the perception of security and trust within the cryptocurrency community.