There is a story circulating in the crypto community that we should take a moment to consider. Augusto Backes, the influencer who has gained significant visibility recently, became the center of a serious controversy when his app Cryptocontrol recommended CTXC. The next day? An 80% drop. Wallets wiped out, followers furious.

What stands out most is how everything was handled afterward. Instead of a mea culpa or some constructive explanation, the response came with hostility and denial. Backes apparently dismissed the complaints, which only worsened the situation. When you are a public figure influencing people's investment decisions, this attitude is, at the very least, questionable.

Now, there’s a detail worth mentioning: Backes doesn’t operate alone in this universe. His wife is also involved in the project and in building this personal brand around the couple. This complicates things further because it broadens shared responsibility.

The app itself became a target of criticism because it seems to follow a pattern: recommending tokens that are already highly inflated, practically at the top. It’s not hard to see why this is problematic. If the asset has already surged a lot, where else can it go? It leaves little room for real gains and plenty of space for a brutal correction.

Here’s the question everyone is asking: should influencers be held responsible for losses caused by poor recommendations? It’s complicated. On one hand, these people have a platform and real influence over their followers’ decisions. On the other hand, no one is forced to follow anyone blindly. The crypto market is inherently volatile, and those who enter need to understand that.

But there’s something that can’t be ignored: if the person is selling courses, promoting their app, or building a personal brand based on expertise they might not actually have, then there is an ethical issue. Especially when the recommendations seem more driven by hype than by real technical analysis.

For me, the biggest lesson here is simple: always do your own research. It doesn’t matter if it’s Augusto Backes, his wife, or any other influencer with millions of followers. Understand what you’re buying, why you’re buying it, and how much you could lose. Crypto is risky, and anyone entering needs to be prepared for that.

Influencers who want to maintain credibility in the long run need to be transparent, admit mistakes, and provide real value. Trust is the most valuable asset they have, and destroying it is easy.

And you, what’s your opinion? Do you think influencers should have more legal responsibility for their recommendations? Or is this just part of the game in the crypto market? Curious to hear what you all think about this.