A mysterious DeFi protocol operating in the metaverse, DAO and NFT coin space has finally turned out to be a honeypot scam. Here is a rough estimate of how much investors are losing…
Note this DeFi and NFT coin protocol
Today, an automated detection system developed by PeckShield, a cybersecurity firm, is the BSC-based ZTZ token. discovered that his contract was most likely a honeypot. Honeypot is a type of computer scam primarily concerned with collecting money and personal information from investors. In the cryptocurrency world, it is often used to refer to a contract or protocol that does not allow investors to withdraw money, but only allows them to invest.
According to Dex.guru tracking system, NFT coin is now in the last 24 hours It is trading around $0.00000027, which represents a 99.97% drop. Despite the Honeypot news, more than 5,000 cryptocurrency users still have ZTZ.
ZTZ DAO, despite being a BSC-based token, describes itself as “a high-speed commercial decentralized public chain based on DAG technology, which aims to be the underlying business infrastructure of the Metaverse in the future,” according to its website. The project does not have a Twitter account or a Telegram group.
Roadmap shared amid scam
Exactly a week ago, the ZTZ/BNB price rose more than 700% in about an hour, according to data from cryptocurrency monitoring sources. It is noteworthy that the Honeypot project’s website and social media accounts are both active. The developer team behind the project plans to reveal “mapping and screenshots” for the ZTZ2.0 amid hostile comments from scammed investors. As we reported as
Kriptokoin.com, honeypot scams are often linked to numerous byproducts of Dogecoin (DOGE) and Shiba Inu (SHIB). Also, an attacker does not need any special skills to set up honeypots in Ethereum smart contracts. In reality, an attacker has the same skills as a regular Ethereum user. They just need money to set up the smart contract and trap it.
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