A suspicious company predicts a large drop in the price of Chainlink

A report written by Zeus Capital has stated that the company is entering a short position of Chainlink (LINK) which aims to record 99% profits, describing the crypt currency which is currently in the top 10 by market capitalization as „the Wirecard of crypt currencies“.

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However, the company behind this report, Zeus-Capital.com, appears to have registered its website only seven months ago, while its Twitter account has been suspended for violations of the platform’s terms of use.

Because the report does not provide quotes, nor does it present any working links, many analysts believe that it was created in a malicious manner.

The suspicious report predicts a drop in the price of Chainlink

The alleged asset management and research company also claims to have offices in New York, London, Singapore and Hong Kong, however, Cointelegraph was unable to contact the company, the telephone number of its London office appeared to be switched off, and the Hong Kong office diverts calls directly to voice mail.

One Redditor doubtfully claims to have spoken to the company, writing:

„I actually called the phone numbers because I wasn’t sure about this Zeus Capital. Anyway, I had a conversation of more than 30 minutes with them: they are brief, they are legitimate. Their concerns are well-intentioned. It looks like LINK will soon go down. I wouldn’t buy LINK above $2.

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The company also has the same name as the UK-based asset manager „ZeusCapital.co.uk“, and should not be confused with the UK-based company.

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The report, entitled „Chainlink Fraud Exposed“, predicts that LINK will fall from USD 7.95 to USD 0.07 in an unspecified timeline.

Zeus Capital describes the Chainlink development team as „very small“ and „inexperienced,“ stating that activity in the chain is declining as competing protocols proliferate. It also accuses Chainlink executives of insider trading, market manipulation, and distribution of false and misleading information.

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LINK reached new all-time highs above USD 5 earlier this month, gaining over 50% in just one week.

Cointelegraph contacted Chainlink, Zeus-Capital and Zeus Capital for comments, however, we have not received a response at the time of this publication.