A New Rug Pull Scam: Fake Linea Token Project Dupes Users
Recently, a rug pull scam involving a fake Linea token project has resulted in users losing approximately $743,000. The scam was identified by Certik, a blockchain security analyst. It appears that the scam was orchestrated by an individual known as ‘AltLex,’ who promoted the fraudulent token on social media.
The scammer employed a honeypotting technique to deceive users and divert them from the genuine Linea token, which operates on the Ethereum scaling network. Subsequently, the scammer transferred the entire amount to Tornado Cash, a crypto mixer that has recently faced accusations of aiding criminal activities and allowing North Korean hackers to launder stolen cryptocurrencies.
Stay Vigilant and Exercise Caution
This incident serves as a reminder to remain cautious when engaging with new cryptocurrency projects. Always conduct thorough research, verify the authenticity of tokens and projects, and exercise vigilance while interacting with unfamiliar platforms or individuals online. As this story unfolds, more information will be shared.
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