{"id":67899,"date":"2022-09-30T12:22:07","date_gmt":"2022-09-30T09:22:07","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=67899"},"modified":"2025-09-07T09:06:04","modified_gmt":"2025-09-07T06:06:04","slug":"bitcoin-blogger-lark-davis-accused-of-participating-in-pump-dump-schemes","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-blogger-lark-davis-accused-of-participating-in-pump-dump-schemes\/","title":{"rendered":"Bitcoin blogger Lark Davis accused of participating in Pump &#038; Dump schemes"},"content":{"rendered":"<p>The researcher under the handle ZachXBT created a thread on Twitter in which he accused crypto investor and blogger Lark Davis of repeated involvement in <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-pump-and-dump\">Pump &#038; Dump<\/a> schemes.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">1\/ An investigation into how crypto influencer <a href=\"https:\/\/twitter.com\/TheCryptoLark?ref_src=twsrc%5Etfw\">@thecryptolark<\/a> promotes low cap projects to his audience just to dump on them shortly after.<\/p>\n<p>Let\u2019s dive in. <a href=\"https:\/\/t.co\/gzTuGHNdvv\">pic.twitter.com\/gzTuGHNdvv<\/a><\/p>\n<p>\u2014 ZachXBT (@zachxbt) <a href=\"https:\/\/twitter.com\/zachxbt\/status\/1575494380072611847?ref_src=twsrc%5Etfw\">September 29, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<\/figure>\n<p>The author of the thread cited eight examples of how tokens from new low-capitalization crypto projects were sent to Davis\u2019s wallet (the address was publicly available). After promotional posts were published, the blogger sold the coins he received. According to ZachXBT, Davis earned more than $1.2 million in this manner.<\/p>\n<p>In a comment to <a href=\"https:\/\/cointelegraph.com\/news\/i-ve-done-nothing-wrong-lark-davis-denies-pump-and-dump-allegations\">Cointelegraph<\/a>, the researcher said that he was prompted to take a closer look at the influencer&#8217;s persona by inquiries from people who had lost money on projects he promoted.<\/p>\n<p>According to ZachXBT, Davis&#8217;s largest profit came from the NFT service SHOPX, which allocated him 120,000 tokens. After the tweet promoting the platform was published, the blogger, according to the researcher, sold the tokens, earning $435,000.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">6\/ Example 3: <a href=\"https:\/\/twitter.com\/search?q=%24SHOPX&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SHOPX<\/a><\/p>\n<p>a) Mar 31, 2021 at 3:31 pm UTC Lark receives 120k SHOPX<br \/>b) Apr 1, 2021 at 12:32 am UTC Lark Tweets about the project<br \/>c) Meanwhile Lark is in the process of dumping all his 120k SHOPX for over $435k USD (finishes on 4\/2) <a href=\"https:\/\/t.co\/mc3HvHrCdI\">pic.twitter.com\/mc3HvHrCdI<\/a><\/p>\n<p>\u2014 ZachXBT (@zachxbt) <a href=\"https:\/\/twitter.com\/zachxbt\/status\/1575494449634758663?ref_src=twsrc%5Etfw\">September 29, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Participating in seed rounds and sharing genuinely good projects is perfectly normal if done transparently. But this is not Lark&#8217;s case \u2013 he dumps his portfolio right after advertising on YouTube or Twitter,&#8221; added ZachXBT.<\/p>\n<\/blockquote>\n<p>Davis called the allegations &#8220;ridiculous&#8221; and commented on each example provided.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">To be clear, I always disclose on YT when I am invested in a token sale. I also shared these opportunities with my followers and subscribers well before the launch. (I shared them in pre-launch stage, the same time I purchased the tokens)<\/p>\n<p>\u2014 Lark Davis (@TheCryptoLark) <a href=\"https:\/\/twitter.com\/TheCryptoLark\/status\/1575633357903273984?ref_src=twsrc%5Etfw\">September 29, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;I paid for all the coins I received, and got nothing for free,&#8221; the blogger wrote.<\/p>\n<\/blockquote>\n<p>He stated that selling tokens after a project&#8217;s launch is &#8220;a common investment practice&#8221; and his followers have always received up-to-date information via social media. <\/p>\n<p>Davis also added that he was not a &#8220;whale&#8221; in any of the startups, so the number of coins he sold was clearly insufficient to crash their price.\u00a0\u00a0<\/p>\n<p>Earlier ForkLog reported that the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> <a href=\"https:\/\/u1f987.com\/en\/news\/sec-accuses-youtube-blogger-ian-balina-of-involvement-in-unregistered-ico\">accused YouTube blogger Yana Balina<\/a> of involvement in an unregistered ICO Sparkster.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, rates and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ZachXBT created a Twitter thread accusing crypto investor and blogger Lark Davis of repeated involvement in Pump &#038; Dump schemes.<\/p>\n","protected":false},"author":1,"featured_media":67900,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1415,40],"class_list":["post-67899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-celebrities","tag-twitter"],"aioseo_notices":[],"amp_enabled":true,"views":"55","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/67899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=67899"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/67899\/revisions"}],"predecessor-version":[{"id":67901,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/67899\/revisions\/67901"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/67900"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=67899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=67899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=67899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}