Crypto analyst under fire for allegedly faking trade screenshots

Ali Raza 2020-03-16 15:03

A cryptocurrency analyst recently came under fire on Twitter due to accusations that he faked the numbers on a number of screenshots that he shared on the platform. The screenshots showed a number of his cryptocurrency trades, and it appears that the analyst tried to change the numbers in Photoshop in order to make them seem more successful than they actually were.

The analyst in question is known as Jacob Canfield, and he had 63,000 followers on the platform. His attempt to trick his followers on Twitter was revealed by another Twitter user known as King. King posted screenshots that show that Canfield had consistently manipulated images that he posted.

Well @JacobCanfield is telling people that since I caught him posting 10+ photoshopped positions that it was “early on in his twitter career.”

He posted this literally yesterday.

Further, anyone who was doing analysis for him is not a scam. This guy is though. pic.twitter.com/J3mbmHV1xz

— King (@Trapouts) March 13, 2020

Jacob Canfield even publicly admitted to the accusations of photoshopping what he calls ‘a handful of trades,’ with his goal being ‘to make them look better.’ He then promised that the photoshopping will not happen again on March 13th.

Then, on March 14th, King posted his own screenshots, which show that Canfield had altered yet another screenshot on the same day when he promised that it would not happen again. In addition to this, King also posted screenshots of messages that he exchanged with Canfield, where Canfield admitted to using Photoshop yet again. This time, he attempted to change his BTC profits from 7 BTC to 15.59 BTC.

Furthermore, King also claims that he has evidence of over 10 more screenshots that were manipulated by Canfield.

King threatened to report Canfield to the SEC

The drama continued to escalate over the weekend, and especially over the last 24 hours when King offered not to contact the US SEC if Canfield dissolves his premium subscription group called Signal Profits. King also uploaded another series of screenshots of their dialogue where Canfield seems to be accusing King of blackmailing him.

King then said that he would consider an alternative to his request that Canfield deletes the group. However, King also threatened that he will send screenshots of their conversation to King’s own trading group on Discord, should he fail to find an alternative solution.

Finally, he said that he collected the IDs of Canfield’s own Discord group members, further threatening to contact them as well and send the screenshots of their conversation. Canfield then managed to come up with a solution, promising that he will stream his future trades, thus securing their legitimacy. At the time of writing, Canfield’s account has been removed from Twitter.

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