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Blockchain security firm discovers 50 dangerous scam tokens

Blockchain security firm discovers 50 dangerous scam tokens

Blockchain security company PeckShield has compiled a list of 50 potentially fraudulent tokens. All of them are hosted on Binance SmartChain.

Why is it important?

Being aware of risky tokens is a great way to protect yourself from scammers

As reported by UToday, the company was selecting tokens with harmful vulnerabilities. Indeed, some tokens can issue an unlimited number of tokens, while others can blacklist any account, and some can impose restrictions on the sale of purchased tokens. Many of the tokens are named in misleading ways, copying the names of big companies (Amazon, Netflix) or famous politicians (Trump). The full list of dangerous tokens is available here

According to the authors, such tokens are most often designed for users' lack of attention. The investors see the well-known name and invest money, which then simply disappear. Some tokens can't directly steal money, but they can severely limit their use. This is important for those who buy digital assets in large quantities.

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