I've been following this situation with Augusto Backes and I have to say it's quite revealing about how the crypto influencer market works. It's been almost a month since the guy gained attention for recommending CTXC through his Cryptocontrol app, and the token plummeted over 80% in less than 24 hours. Entire portfolios vanished.

The most interesting (or concerning) is how he reacted. Instead of taking responsibility or apologizing to followers who lost money, he mocked, denied everything, and said he wasn't responsible for the "tears of grown men." Seriously? When you have influence and thousands of people following your recommendations, you can't just wash your hands like that.

I started digging deeper into Cryptocontrol and found that this pattern isn't isolated. The app apparently has a history of highlighting tokens that are already highly inflated, leaving little room for real appreciation. Basically, it puts followers in a position to lose. It's like being at a party where everyone has already had too much to drink, and someone keeps pushing more drinks on the crowd.

Now, here comes the uncomfortable question: should influencers like Backes compensate those who lost money due to bad advice? Some say yes, because when you have a voice and reach, you have responsibility. But it's also true that everyone investing in crypto knows it's risky. We should do our own research instead of blindly trusting anyone, no matter how many followers they have.

What irritates me is that there seems to be a pattern: influencers like Augusto Backes, regardless of his personal life or his wife’s situation, seem more interested in selling courses and generating hype than delivering solid analysis. Some critics point out that there's a lack of real technical expertise, especially in chart analysis. Basically, they’re using the platform to profit while followers get burned.

In the end, this is an important warning for anyone in this space: do your own research, don't follow any influencer blindly, and understand that highly volatile assets can go to zero quickly. And for influencers? You have a responsibility to those who trust you. Transparency and professionalism are not optional when people's money is at stake.

What do you think? Should Backes and people like him face real consequences for these losses? Or is it just part of the crypto game where everyone has to fend for themselves?