A series of “fake” tokens of the emerging social platform Damus

Crypto safety unit PeckShield has issued a warning about “fake tokens” of emerging social platform Web3 Damus.

As a end result, the safety business identified 15 fake DAMUS tokens in the “form” of the official token of Damus, a just lately hacked decentralized social network. top rated ten social networking apps in the AppStore in America.

Particularly in detection, these fake tokens incorporate malicious code and are issued on Ethereum and BNB. Some of the 15 identified tokens have been recognized as “honeypots”, a token that can only be purchased but not offered.

Furthermore, PeckShield stated that most of these tokens use a kind of “disguised tax collection,” which imposes a one hundred% tax fee in an try to steal all of the buyers’ dollars for the duration of transactions.

Soon soon after, the safety unit warned end users and suggested them to be cautious with these tokens:

“Scammers are normally taking benefit of new and emerging apps to trick innocent end users for revenue. And we want to maintain an eye out for these fake tokens and stay vigilant.”

The Damus venture also promptly launched a statement on its Twitter, stating that Damus does not have an official token and under no circumstances will. So for people who purchased DAMUS, they have to have been scammed.

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