What currency is Elastos (Elastos coin has been scammed)

What currency is Elastos? According to official news from Elastos, Elastos is a

What currency is Elastos (Elastos coin has been scammed)

What currency is Elastos? According to official news from Elastos, Elastos is a blockchain network based on Ethereum. According to the official introduction, Elastos is developed using distributed technology and the Solidity smart contract language.

In addition, Elastos has also introduced the concept of decentralized finance (DeFi) and launched the CoinEx derivative exchange based on Ethereum. Users can participate in trading on the CoinExDEX platform to earn profits and liquidity mining rewards. Furthermore, according to data from the official Elastos website, the total lock-up amount of Elastos currently exceeds $100 million.

Elastos coin has been scammed

According to the Star Daily News, the Elastos coin (YiDAI) project has been scammed.

Around 8:00 PM on August 1st, a user named “Liu Fei” reported to me, saying, “We purchased a portion of Elastos coin tokens through an address and exchanged it for ETH.” Then, within 10 minutes, the user transferred $1000 worth of USDT to their own wallet.

Subsequently, another incident occurred – the same hacker also used the same user’s account. He deposited Ethereum into a fake wallet. “This is the first time I’ve heard of this scam,” Liu Fei said. “There were many Elastos coin tokens deposited on this website,” and he mentioned wanting to withdraw from other exchanges. It is currently unclear when the account will be restored.

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