Ethereum

Casper

Quick Intel

Independent blockchain sleuth Wazz posted a public warning on July 28 that the “biggest $Neiro token on Ethereum is a honeypot.”&nbsp;
<figure>
 <img src="https://s3.cointelegraph.com/uploads/2024-07/f05250fe-9c54-40a5-89ca-92329ae6c755.jpg" alt="$31M Neiro project on Ethereum ‘is a honeypot’ — Wazz">
 <figcaption style="text-align: center;">
 Source: <a href="https://x.com/WazzCrypto/status/1817616169358000157" target="_blank" rel="noopener nofollow">Wazz</a>.
 </figcaption>
</figure>
As of the time of this article’s publication, our preliminary investigation remains inconclusive. However, Wazz’s post does highlight several visible red flags with the project. So far, we have been unable to find contact information for the developer(s) behind the token. 
Per Wazz, whose past sleuthing accolades include being the <a href="https://cointelegraph.com/news/mark-cuban-hot-wallet-hacked">first to spot the $870,000 hacking</a> of billionaire Mark Cuban’s hot wallets, a particular Neiro meme token with an Ethereum blockchain address of “0x3ad4f189f08cdc60496eeBb3bd70B90dF28B7455” is a honeypot scam:
<blockquote data-ct-non-breakable="true">
 “It bypasses most automated scan tests but owner is constantly calling AutomatedMarketMaker() with addresses, which modifies the transfer() function, likely blacklisting any new buyers. Most scans are not detecting this.”
</blockquote>
Blockchain analytics site Quick Intel <a href="https://app.quickintel.io/scanner" target="_blank" rel="noopener nofollow">shows</a> that the Neiro coin cited by Wazz has a market capitalization of approximately $31 million as of the time of this article’s publication. The site also warns that the project hasn’t been “renounced.”
In cryptocurrency parlance, this means the owner still has control over certain functions that could be used to manipulate the token or prevent users from divesting/investing funds and assets. 
<figure>
 <img src="https://s3.cointelegraph.com/uploads/2024-07/8539d80b-18f2-45f6-b275-b0faee758075.jpg" alt="$31M Neiro project on Ethereum ‘is a honeypot’ — Wazz" title="">
 <figcaption style="text-align: center;">
 Source: <a href="https://app.quickintel.io/scanner" target="_blank" rel="noopener nofollow">Quick Intel</a>
 </figcaption>
</figure>
Other suspicious indicators show that the token has direct connectivity to wallets outside its ecosystem and that its liquidity pool isn’t locked, meaning funds could hypothetically be drained at a moment’s notice.
Related: <a href="https://cointelegraph.com/news/casper-network-halts-operations-security-breach">Casper Network halts operations following security breach</a>

$31M Neiro project on Ethereum ‘is a honeypot’ — Wazz

Cointelegraph

Другие статьи, опубликованные 28 июл. 2024 г.

Bitcoin’s Social Media Buzz Peaks as Price Nears $68K

Dogecoin Price Targets $0.17 Breakout As Open Interest Spikes 47% in July

The University of Wyoming establishes the UW Bitcoin Research Institute

XRP Community Looks Out For Judge Torres Decision This Week

Crypto VC roundup: Riot Platforms acquires Block Mining in $92.5m deal, NPC Labs raises $18m

Team Reveal On the Horizon! BlockDAG Presale Hits $62 Million As Experts Prefer BlockDAG Over Bon...

Join our free newsletter for daily crypto updates!