This crypto scammer ended up scamming himself on Pancakeswap

HeadlinesNewsThis crypto scammer ended up scamming himself on Pancakeswap

Share

This crypto scammer ended up scamming himself on Pancakeswap

CryptoSlate2 weeks ago
Published on May 01, 2021 01:00 GMT+0edited on May 01, 2021 01:12 GMT+0

Share

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.

Crypto scammer loses out

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 …