Bitcoin

Over 500 scam tokens on Coinbase’s Base blockchain have thrived, making $3.7 million in trades and $2 million in profits. These tokens use tactics like hidden coin creation, shedding light on crypto chaos, law enforcement challenges, and potential risks for retail investors.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/ffc296b76ee34c4caffaca805694f516.gif" />Ad. Participate in Trigoz Airdrop &amp; Get $50 worth of OZ Tokens Free <a href="https://docs.google.com/forms/d/e/1FAIpQLSciKgFf70x1zJQZ2nukipsu8lX_21zHvrPbxPTMdmTmEC-CJg/viewform" rel="noopener noreferrer nofollow">Join Now</a>A concerning <a href="https://www.bloomberg.com/news/articles/2023-08-16/coinbase-coin-blockchain-base-is-flooded-with-hundreds-of-scam-crypto-tokens?sref&#61;62RNSA6Q#xj4y7vzkg" rel="noopener noreferrer nofollow">Bloomberg report</a> reveals the presence of scam tokens thriving on Base, Coinbase’s recent blockchain. Scammers are taking advantage of the platform’s openness, using names like ‘BASEPEPE’ and ‘Baby Yoda’, causing concerns for investors and regulators.Solidus Labs reported that over 500 <a href="https://cryptosheadlines.com/blockchain-capitals-x-account-hacked-for-token-claim-scam/" rel="noopener noreferrer nofollow">scam tokens were created on the Base blockchain</a>, leading to around $3.7 million in trading activity and about $2 million in profits for scammers. They managed this by making countless coins without users knowing or preventing coin resale. <a href="https://cryptosheadlines.com/investor-alert-500-scam-tokens-found-on-coinbases-base-blockchain/" rel="noopener noreferrer nofollow">Read More...</a>

Investor Alert: 500 Scam Tokens Found on Coinbase’s Base Blockchain

CryptosHeadlines.com

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