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In a recent wave of crypto scams, an elusive attacker has successfully executed fraudulent transactions, leaving investors in the red. The attacker’s maneuvers targeted three distinct tokens—FOMO, NebulaNode, and Sleepless AI—resulting in significant financial losses for unsuspecting victims.
FOMO Token Takes a Hit as Scammer Strikes
The attacker, operating from an undisclosed address, managed to exchange a staggering 5.3 trillion FOMO tokens for 189,600 BSC-USD. The aftermath was swift, with the price of FOMO plummeting to zero. Investors were left reeling from the sudden devaluation of their holdings, sparking concerns within the crypto community.
NebulaNode Token Devalued in High-Stakes Exchange
In another calculated move, the scammer devalued the NebulaNode token by exchanging a substantial amount—numerous NNNN tokens—for 1033.8 BNB, equivalent to a staggering $335,900. The incident underscored the vulnerability of certain tokens to malicious actors, prompting heightened vigilance among cryptocurrency investors.
Sleepless AI Project Faces Dark Day on Launchpool
The original Sleepless AI project, launched on Launchpool and touting itself as the 42nd project on the platform, encountered a setback as farming commenced on December 28. The project, presenting a web3 gaming platform utilizing AI, allowed users to stake BNB, FDUSD, and TUSD in pools to farm AI tokens. However, the attacker’s actions cast a shadow on the project, leading to concerns about the security of farming campaigns.
Certik Sounds Alarm on Rising Crypto scam
Leading security experts, Certik, reported a rug pull involving fake Linea tokens in October, where unknown individuals orchestrated a crypto scam resulting in the theft of approximately $743,000. The incident serves as a stark reminder of the persistent threats within the crypto space, with victims pointing fingers at a user named ‘AltLex,’ suspected to be of Russian origin, who promoted the fraudulent token on social media. Read this tweet:
#PeckShieldAlert Sleepless AI $AI has dropped -97.5%
— PeckShieldAlert (@PeckShieldAlert) December 28, 2023
The address 0xB359…6f3d has swapped 1,000,000,000,000 $AI for 37.7 $ETH (~$91K)
*Note*: The #rugpull token shares the same name as the legitimate ones pic.twitter.com/C0M8vHxRbz
Conclusion: Crypto Community on High Alert Amid Escalating Crypto Scams
As the crypto space grapples with an increasing number of scams, investors are urged to exercise caution and conduct thorough due diligence before engaging with lesser-known tokens. The recent incidents involving FOMO, NebulaNode, and Sleepless AI underscore the importance of robust security measures and vigilant community oversight to safeguard against fraudulent activities in the ever-evolving world of cryptocurrency.
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