There’s something highly satisfying when karma strikes. None more so than when a crypto scammer gets their comeuppance. A Reddit user posted in the r/pancakeswap subreddit—the public forum of decentralized exchange Pancakeswap—asking for help in returning funds from a BEP-20 token he created.
It turns out this was a scam token mimicking an existing unranked project whose use case is to mine cryptocurrency on mobile phones. Whether on Ethereum or Binance Smart Chain (BSC), anyone can create a token. But with BSC being much cheaper to use, it appears as though scammers are making it their go-to network.
In a now-deleted post, the Reddit user at the heart of this storm reached out to the community with this post:
“Hey, I created a token on pancakeswap but …