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Beware Of Fake Tokens! Scammer Stole $91k In Fake Sleepless AI, FomoFi, NebulaNode Tokens
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Beware Of Fake Token! Scammers Stole $91k In Fake Sleepless AI, FomoFi, NebulaNode Tokens

In anticipation of the launch of Sleepless AI farming on the Binance Launchpool platform, unknown people have conducted a rug pull of the fake token of the same name.

As reported by PeckShield analysts, one of the addresses exchanged 1 billion fake Sleepless AI for $91,000 in ETH. As a result, the token’s price fell by 97.5%. 

A similar rug pull scheme was carried out with the fake FomoFi token. The attacker’s address exchanged over 5.3 trillion FOMO for 189,600 BSC-USD, after which the coin price dropped to zero. 

Another incident devalued the NebulaNode token after exchanging numerous NNNN tokens for 1033.8 BNB, the equivalent of $335,900.

See Also: Catalyx Stops All Crypto Trading Operations Following A Security Breach

Farming of the original Sleepless AI project on Launchpool started on Dec. 28; the project became the 42nd in Launchpool. 

It presents a web3 gaming platform using AI. Currently, users can stake BNB, FDUSD, and TUSD in pools to farm AI tokens in a campaign set to last seven days.

Security experts Certik reported a rug pull involving fake Linea tokens earlier in October. As a result of the fraud, unknown people stole about $743,000. 

Victims have stated that the scam was potentially conducted by a Russian user named ‘AltLex,’ promoting the token on social media.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.