Scam Alert – Beware of Fake FTX 2.0 Token!

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• Fraudsters have created a fake FTX 2.0 token, pretending to add liquidity to the FTX exchange.
• The aim of the fraudsters is to lure users into clicking fraudulent links that drain or burn their account balances.
• Blockchain security firm PeckShield has warned about the malicious activities of the scammers.

Scam Alert: Fraudsters Attempt to Dupe Users With Fake FTX 2.0 Token

In a shocking turn of events, scammers have created a fake token, dubbed FTX 2.0, to impersonate the now-bankrupt crypto exchange just hours after the company’s new CEO announced that the platform could be revived. According to blockchain security firm PeckShield, the bad actors sent the tokens to the FTX exchange, pretending to add liquidity before airdropping them to other crypto exchanges. The aim of the fraudsters is to lure users into clicking fraudulent links that drain or burn their account balances.

This malicious activity has been going on for some time, with the fraudsters targeting users of the now-defunct FTX exchange. The scammers have been sending the fake tokens to the exchange, pretending to add liquidity to the platform and airdropping them to other crypto exchanges. The malicious actors are also sending out links to malicious websites, which if clicked, would drain or burn users’ accounts.

The security firm has warned users to be wary of the malicious activities of the scammers and to be extra vigilant when dealing with any new tokens. The firm has also urged users to check the smart contracts of any new tokens before investing in them to ensure that they are not dealing with a malicious actor.

The rise in the number of scams targeting users of the now-defunct FTX exchange is a cause for concern. It is important that users remain vigilant and conduct thorough research before investing in any new tokens. While it is possible to make a profit from investing in new tokens, it is also possible to suffer significant losses if one is not careful. Therefore, it is essential that users remain vigilant and do their due diligence before investing in any new tokens.