Did you follow that drama involving Augusto Backes and CTXC? Well, it’s been just over a month since the story blew up on social media. The guy, who is a cryptocurrency influencer with a strong online presence, strongly recommended CTXC through his Cryptocontrol app as the next big thing. But the next day, the token plummeted more than 80%. Entire wallets were wiped out.

What caught more attention was his reaction afterward. Instead of an apology, Backes responded with anger, denial, and even mockery, saying he wasn’t responsible for the “tears of grown men.” Like, dude, you recommended it to thousands of people following you. You have to take some responsibility, right?

Here’s where it starts to get interesting. Some people are investigating Cryptocontrol and discovering a pattern: the app seems to constantly recommend tokens that are already highly inflated, at the top. Tokens that have no room to go up anymore, only to fall. Those who follow these recommendations end up in the crosshairs of brutal corrections.

And then the question no one wants to answer arises: should influencers like Backes and his wife, who is also involved in some of his activities, be held responsible for losses caused by bad recommendations? It’s complicated. On one hand, yes, they have influence and responsibility. On the other, cryptocurrencies are volatile by nature, and everyone should do their own research before investing money in any asset.

But looking specifically at Backes’ case, critics point out that he doesn’t have real technical expertise, doesn’t do solid technical analysis, and basically spends his time selling courses and hype. If that’s true, it’s quite problematic because followers are acting based on advice that lacks technical foundation.

In the end, this case is a clear warning: don’t follow influencers blindly, no matter how many followers they have. Do your own research, understand the risks of highly volatile assets, and remember that cryptocurrency recommendations can be very biased. And for influencers, this is the time to think about transparency and genuine professionalism because trust is everything in this market.