Sophisticated Crypto Scam Operation Unveiled: 1,300 Fraudulent Tokens Swindle $32 Million
A highly sophisticated scam operation, employing programmatic techniques has orchestrated the creation of more than 1,300 fraudulent crypto tokens since April 2023, duping over 42,000 victims and siphoning $32 million reveals an analysis by security researchers at Blockfence. The intricate scheme involves automatic token creation mimicking legitimate companies introducing fake volume to lure traders and … Read more