According to Jason Fang (@JasonSoraVC), a wave of new Bitcoin (BTC) treasury companies may attempt to raise funds despite having zero Bitcoin track record, and he urges investors to think twice before allocating capital (source: Jason Fang, X post, Aug 20, 2025). For traders, the warning highlights heightened counterparty and operational risk when evaluating BTC-linked treasury vehicles without proven history or controls (source: Jason Fang, X post, Aug 20, 2025). Actionable checks before participating in any BTC treasury fundraising he cautions about: verify a verifiable Bitcoin track record, demand independent audits plus custody clarity, and require on-chain proof-of-reserves to validate holdings (source: Jason Fang, X post, Aug 20, 2025).

According to @zachxbt, traders must exercise extreme caution and cease blindly following influencer calls, which can often be part of elaborate scams. The on-chain investigator highlighted a tactic where an influencer acquires a significant supply of a new token at launch, a practice known as 'sniping,' and then aggressively promotes it to their followers. This behavior, as cited by @zachxbt, is a classic setup for a pump-and-dump scheme, posing a severe financial risk to unsuspecting investors. He advocates for platforms like X to suspend accounts involved in such fraudulent activities to protect the community.