LanskoyTrade Honeypot-Scam Group Steals 1.3 Million Dollars
According to the news, according to CertiK monitoring, the following four honeypot scams have resulted in a total of 1.3 million dollars in stolen funds. Bsc:0…
According to the news, according to CertiK monitoring, the following four honeypot scams have resulted in a total of 1.3 million dollars in stolen funds. Bsc:0x35E4EFa6f4f00478Cb9e391F0894f48A7A02a583； Bsc:0x81058db5c2Cf219aB8fecD850b3067d08216467D； Bsc:0xfDdac426a674856F338566d2e75388c2489FD512； Bsc:0xEE4Af49d4cd8B8Ea77875bACE4e6787d5CD11D54； These scams were promoted by a Telegram group called LanskoyTrade. This honeypot scam is also the largest honeypot scam since the Squidgame honeypot lost $5.7 million in 2021.
Security company: Telegram group named Lanskoy Trade is promoting honeypot fraud, resulting in the theft of US $1.3 million
Interpretation of the news:
The news of the LanskoyTrade honeypot-scam group stealing 1.3 million dollars has stirred a wave of concern among cryptocurrency investors. According to CertiK monitoring, four Binance Smart Chain (Bsc) scams have led to the total loss of funds. The scammers used honeypot tactics to lure gullible investors into investing in fake projects. The four scams’ addresses are Bsc:0x35E4EFa6f4f00478Cb9e391F0894f48A7A02a583, Bsc:0x81058db5c2Cf219aB8fecD850b3067d08216467D, Bsc:0xfDdac426a674856F338566d2e75388c2489FD512, and Bsc:0xEE4Af49d4cd8B8Ea77875bACE4e6787d5CD11D54. It seems the scammers targeted the Binance Smart Chain, a platform that has become increasingly popular due to its speed and low transaction fees.
The LanskoyTrade group advertised the scams by creating a Telegram group to promote their fraudulent activities. The group provided links to the fraudulent projects, promising unrealistic returns to potential investors. The scammers used bots to create fake activity on these projects, giving the impression that many people were investing in them. These tactics resulted in numerous investors trusting the projects, only to lose their investments after sending funds to the honeypot addresses.
The LanskoyTrade honeypot scam is the largest scam of its kind since the Squidgame honeypot lost $5.7 million in 2021. This incident highlights the increasing trend in honeypot scams, where fraudsters use deception tactics to steal unsuspecting investors’ cryptocurrency. Investors should be cautious and conduct thorough research before investing in any projects advertised on social media platforms. Moreover, investors should refrain from trusting projects promoted by groups with suspicious activities or those with offers that seem too good to be true.
CertiK monitoring is a project that aims to protect users’ funds by providing real-time security audits and alerting users of fraudulent activities. CertiK’s involvement shows how important it is to have a reliable security service that can alert investors before they become victims of scams.
In conclusion, the LanskoyTrade honeypot scam is a reminder of the dangers associated with investing in the cryptocurrency market. Investors must be vigilant and heed warning signs and red flags to avoid falling victim to fraudulent activities. CertiK’s security monitoring is essential in the fight against honeypot scams that can harm the crypto industry’s reputation.
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