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Another theft targeting a project built on the Binance blockchain and escaping with 2,660 BNB

Another theft targeting a project built on the Binance blockchain and escaping with 2,660 BNB

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Answer Another theft targeting a project built on the Binance blockchain and escaping with 2,660 BNB

Despite the significant decrease in the activity of the BNB network, the number of fraudulent projects on the network did not stop growing and rising.

According to blockchain security analysis service PeckShield, Project TopGoal has pulled 2,660 BNB from users and laundered them through cryptocurrency mixing platforms that allow their clients to remain completely anonymous.

The report notes that all cryptocurrencies have been pre-mined, which is usually considered a red flag for any project.

Coins are often allocated and locked and assigned to the roadmap or developers, tied to spaced time periods.

In the case of the “TopGoal” project and its digital currency “TMT”, the digital tokens were not locked, so the process of pulling the rug out from under the legs of coin holders was only a matter of time.

Read:A bot that earned and lost more than a million dollars in Ethereum in one night…details here

After the incident was discovered, the price of the cryptocurrency “TMT” actually dropped by 55% in a matter of hours.

The majority of users started dropping their crypto soon after, which drove the price down.

According to the comments of some users, the project previously participated in an “ask me anything” session with the CEO of Binance, which gave it more credibility and fame.

Previously, users of the decentralized finance protocol “Titano” suffered the drain and theft of nearly 2 million dollars of user funds, as after the transaction was made to a single address, the developers redistributed the cryptocurrency to 24 smaller addresses.

Read:Tesla founder Elon Musk reveals his favorite cryptocurrency

Read also:

MasterCard announces the recruitment of 500 people to expand further in the field of crypto

PayPal announces a new policy setting the financial ceiling for some NFT transactions


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