PeckShield analysts warn cryptoinvestors, who succumbed to the urge to earn on the rush of memtokens, of the danger of losing all funds.
PeckShield says scammers are throwing new pseudo-income tokens onto the market in droves, advertising high returns and the opportunity to earn through initial placement.
“In just 10 days, the attackers brought more than 24 fraudulent tokens to market,” PeckShield said in a post on Twitter.
According to the analytics platform, fraudsters use a scheme to pump up token liquidity followed by emptying the pool and hiding digital footprints when stealing investor funds.
As an illustrative example, PeckShield analysts cite the situation with the SEI token, which lasted only three hours before being liquidated.
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Earlier, the founder of DeFi Watch announced that the popular meme token PEPE may be a fraudulent project.
A head of Dizer Capital believes that Pepecoin was created by regulators to undermine the foundations of the crypto industry.