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SCAM ALERT: Fraudsters Launch THE Token Following Vitalik Buterin’s Proposal

SCAM ALERT: Fraudsters Launch THE Token Following Vitalik Buterin’s Proposal

SCAM ALERT: Fraudsters Launch THE Token Following Vitalik Buterin’s Proposal

  • CEX listing, 100mn airdrop to Vitalik Buterin, honeypots: beware of THE
  • Vitalik Buterin is not promoting THE

This is what’s wrong with the creator-inspired Ethereum (ETH) token and why it’s dangerous for retail clients could be right now to buy THE.

CEX listing, 100mn airdrop to Vitalik Buterin, honeypots: beware of THE

THE Token, a new meme coin, was launched on October 14, 2022 in response to Vitalik Buterin’s proposal. Ethereum (ETH) creator wondered why this catchy sticker was still free.

Immediately after his proposal, a memetic token contract was implemented on Ethereum (ETH). 100 million THE (10% of their stock) was immediately transferred to Vitalik’s address.

For the next two days, the token pumped like any other meme coin. However, PeckShield alert experts revealed that some supply-related contracts are actually scams: users can only inject liquidity into DAS protocol, but withdrawals are blocked.

The token has already been listed on the centralized cryptocurrency exchange MEXC Global. The Uniswap V3 THE-WETH liquidity pool is also gaining momentum.

No, Vitalik Buterin doesn’t promote THE

Right now, THE Token is being aggressively promoted by groups of the same name in English and Chinese on Telegram. The groups only transmit the statistics of the purchases. Also, there is a deeply fake video on TikTok showing Vitalik Buterin supporting THE Protocol and its token. However, Vitalik made no such statements. At press time, the Twitter account has more than 2,500 followers, while the thematic Telegram groups have between 1,500 and 2,000 followers each.

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