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Scammers exploit Damus with new faux tokens – crypto.news
@ubetmobile
On Feb. 6, PeckShield Alert launched an alert on Twitter that there have been 15 faux Damus tokens created on Ethereum & BNB chain.
The security agency famous that of the tokens, Damus is a honeypot rip-off; seven have a 100% promoting tax, and the final seven have dropped over 99% in promoting tax. The tokens are, nevertheless, faux and include malware to lure unsuspecting consumers into the lure.
The 100% promoting tax is a crafty technique to loot customers off their money as they switch funds. PeckShield suggested customers to chorus from partaking the token.
Scammers making the most of the industry
PeckShield’s CEO, Xuxian Jiang, reacted to the announcement and mentioned that scammers use rising applied sciences to trick harmless consumers for earnings. He additional urged customers to be cautious of pretend tokens and suspicious habits.
Damus administration launched an alert on Twitter on Feb. third, stating that Damus doesn’t have a token and haven’t any intentions of realizing one. The alerts additionally mentioned that anybody who had purchased a Damus token had been scammed.
Hackers are desperately making an attempt to make the most of Damus’s latest success in the industry.
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News of pretend tokens claiming affiliation with Damus, a decentralized social media protocol, started to floor a number of days after the discharge of the Damus official app. Some folks have already fallen sufferer to the rip-off initiatives, though there is no clear information on the statistics.
This faux token announcement isn’t distinctive in the industry.
The crypto market has been suffering from hackers and scammers, ensuing in billions of losses from unsuspecting victims. In 2022 the crypto market noticed practically six billion {dollars} in theft.
Probably the most notable rip-off initiatives in the yr included Axie Infinity’s $650 million Ronin Bridge hack perpetrated by the Lazarus Group. Hackers primarily goal decentralized finance due to its lack of central governance.
The rise to stardom
Damus and its app launch continue to make headlines as many developments have been unveiled in the previous couple of days. The star is a decentralized social media app constructed on the Nostr protocol.
The app has acquired a number of donations from Jack Dorsey and other donors and offers its customers a number of benefits over centralized social media platforms. Though the platform has acquired quite a lot of reward since its inception, it is solely generally liked.
For instance, China has banned the app from the nation’s play retailer.
The nation has heavy management over social media and other communication channels and won’t be comfy with a decentralized social media app. Nonetheless, Damus has gained recognition in Hong Kong, surpassing Tiktok in numbers.
The consumer base of Damus has grown tremendously since its launch, reaching 45,000 members on the primary day and being among the many Apple app retailer’s top ten social media apps. Damus has introduced that they plan to develop the platform additional, and the following model will enable customers to earn satoshi instantly on their media posts.
Comply with Us on Google News
#Scammers #exploit #Damus #faux #tokens
DeFi,Security,crypto rip-off
Security agency PeckShield lately revealed that scammers have created 15 faux Damus tokens on Ethereum and BNB chain. The tokens include malicious code to entrap unsuspecting consumers. PeckShield’s CEO warned customers to be cautious of pretend tokens and suspicious habits. Damus has confirmed it doesn’t have a token, and those that purchased one have been scammed. This is not the primary time hackers have tried to make the most of the crypto industry, with billions of {dollars} misplaced in 2021. Regardless of this, Damus has seen success with its app launch and 45,000 members on the primary day. The platform plans to additional develop and permit customers to earn satoshi instantly on their posts.
Dave Petchy
