That is happening often. Billionaires often abuse the news to scare investors with little experience. That would cause them to lose all their assets or lose a lot of money.
So investing in altcoins is really risky, we should be careful about the news related to cryptocurrency. When I realized the truth, I dared not invest in long-term altcoins anymore. Instead, I invested in short-term and made less money, but more secure for my assets.