Cybersecurity agency PeckShield warned that the Shiba Tron project could be created by scammers. We are talking about BNB Chain tokens using the symbolism of the Shiba Inu meme token.
According to PeckShield experts, there is a piece of code in the smart contract of the Shiba Tron project that allows you to sell tokens only to users on the white list. Thus, it is possible that users who received project tokens will not be able to sell or transfer them. This is a fairly clear sign of a possible scam:
#SCAM PeckShield has detected that @ShibaTronToken$SHIBT (https://t.co/PXu2lansGB) is #honeypot! Only whitelisted users can sell. Stay away from tokens that have a lot of restrictions on transferring or selling! pic.twitter.com/sRN3sXiz8x
— PeckShieldAlert (@PeckShieldAlert) February 28, 2022
PeckShield representatives emphasized that it is better for users to stay away from any tokens that have smart contracts that have restrictions on the sale or movement of assets. At the same time, there is practically no way to somehow influence the developers – usually the team is anonymous, and in order to fix the problem by the community, it is necessary to carry out a full-fledged fork of the project.
Now, according to the CoinMarketCap rating, the ShibaTron token price is $0.01053. During the day, the token increased in price by 2,550%. The capitalization of the project at the same time reaches $105 million, although the trading volume per day was only $300,000.
In early February, the developers of Baby Musk Coin sold their token reserves, which brought down the Baby Musk Coin rate by 90%. Then representatives of PeckShield also warned users about fraud.
Source: Bits
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
