There was another ‘rug pull’ on Binance Smart Chain, with 2,660 BNB stolen. Despite the significant decrease in the network activity of altcoin project Binance Coin (BNB), the number of fraud cases on the blockchain unfortunately has not decreased. For details, continue reading Kriptokoin.com.
Altcoin project carpet pulled, price crashed
A malicious maneuver in the crypto industry where crypto developers abandon a project and flee with investors’ funds is called rug pull. According to PeckShield Blockchain security service, 2,660 BNB worth of tokens were stolen by the carpet pull from the TopGoal (GOAL) project, making them look clean with a cryptocurrency hashing solution that allows developers to remain completely anonymous in the scam.
As the report suggests, tokens tokens were initially pre-minted, and this is often the case with any considered a red flag for a project. Pre-mine (pre-mine) or pre-mint (pre-press) is usually allocated among developers after a certain period of time. However, in the case of TMT, the previously minted tokens were not locked; therefore, the big ‘rug pull’ was just a matter of time.
At press time, the price of the altcoin project has already dropped 55% in a matter of hours. Most of the users started reducing their holdings soon after, pushing the price further down. According to comments from some users, the altcoin project previously attended an ‘ask me anything’ session with the Binance CEO, which gave the project even more credibility. But at the same time, there is no way to confirm whether such an event occurred.
Previously, the Titano Finance DeFi protocol was damaging its users by depriving them of almost $2 million in funds. After a transaction was made to one address, the developers redistributed the tokens to 24 smaller addresses.
What is TopGoal (GOAL)?
TopGoal is promoted on its website as: An officially licensed digital collection with the NFT and Blockchain powered metaverse of football, the world’s most popular sport. Partners with world-renowned footballers, clubs and institutions to provide fans with the best experience NFT and digital games can offer.
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