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A new report from Chainstory indicates that more than 60% of cryptocurrency press releases originate from high-risk or fraudulent projects. The study highlights how distribution services enable misleading content to appear alongside legitimate news, potentially deceiving readers. Only 2% of these releases contain substantive information like funding rounds or acquisitions.

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A new study shows that more than 60% of press releases about cryptocurrency offerings are purchased for distribution on media sites without editorial review. Conducted by Chainstory, the research highlights risks from high-risk projects and promotional content flooding news outlets. The findings raise concerns about the blurring lines between journalism and advertising.

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