Chainlink price hits a new high amid threats issued in the name of Zeus Capital

Unknown individuals acting on behalf of the British investment bank Zeus Capital threatened lawsuits against Chainlink (LINK).

The attackers pointed to a brief crash in the coin on August 2, when its price fell 10 per cent in an hour. After a few hours, quotes rose 14.7 per cent. On the morning of August 4 the LINK price hit an all-time high of $9.46, up 12.2 per cent for the day.

We’ve unlimited resources to go after $LINK.
You can’t short squeeze us.
The attempt to manipulate the market and save LINK from today’s flash crash is being documented and added to the lawsuits.
Everyone involved will face the consequences.$LINK will drop to $0.0001 as in March pic.twitter.com/OHQe7Kz63H

— Zeus Capital (@ZeusCapitalLLP) August 2, 2020

The screenshot attached to the post collects posts from supporters of the project with positive forecasts for LINK’s market value. They all also point to the short being liquidated, allegedly opened in Zeus Capital’s name.

“The attempts to manipulate the market and rescue $LINK from today’s crash have been documented and added to lawsuits. All those involved will face the consequences,” the statement said.

The authors of the post also forecast a drop to $0.0001.

The recovery of LINK’s price, the attackers called the result of coordinated market manipulation. They claim that funds to sustain buying demand for Chainlink’s CEO Sergey Nazarov are running low.

So how did the coordinated market manipulation of $LINK go? Was that the PUMP you all expected?
Sergey is running out of money to keep on buying to maintain the house of cards — double top formations on the horizon. The market might delay but does not forget.$LINK is going to $0

— Zeus Capital (@ZeusCapitalLLP) August 3, 2020

The attacks on Chainlink by Zeus Capital began in mid-July, when unknown individuals accused the project of fraud. In a prepared report it claimed that LINK developers are liquidating their holdings en masse, away from users’ sight.

On July 20, the real Zeus Capital denied involvement in producing the report and said there was no connection to the attackers.

At the end of July, on behalf of the bank sent out promotional pitches to prominent figures in the crypto space. Initially they offered to publish a negative review about LINK for free along with a chart, after which they expressed willingness to pay 5 BTC to a developer going by the pseudonym Icebergy.

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