A recent alert from Dr. Rand Hindi, CEO of the cryptography company Zama, brings attention to a fraudulent token posing as a legitimate project.
Zama Token Deception
Dr. Rand Hindi issued a warning regarding a fake Zama token that uses the company's name for fraudulent purposes. "There is no Zama token yet. Don’t get rekt!" he wrote.
Signs of Fraud
The fake Zama token is being portrayed on the Binance Smart Chain as a 'honeypot scam.' It allows users to buy the token, but their funds become trapped, making it impossible to sell.
Community Warnings
In addition to the warning about the fake Zama token, the Shiba Inu community has also faced other fraudulent schemes, including fake emails from Exodus Wallet. Such emails aim to steal user funds. The community urges users to avoid sharing personal information and to verify the legitimacy of sources.
Cryptocurrency users must remain vigilant against scams in the market and heed warnings to avoid losing their funds.
