Over 60% of crypto press releases are linked to high-risk or scam projects, study finds

Crypto press release services often provide misleading marketing content, creating an illusion of legitimacy by placing unverified announcements alongside legitimate news. What to know : More than 60% of crypto press releases come from high-risk or scam projects, with only 2% reporting meaningful news, according to a study from Chainstory. Crypto press release syndication services often provide misleading marketing content, creating an illusion of legitimacy by placing unverified announcements alongside legitimate news, the study found. The practice allows questionable projects to bypass scrutiny, boosting search visibility while potentially misleading readers.