Scammers Create Fake Meme Coins to Scam Investors, PeckShield Alert Research Finds

Investors have lost millions of dollars due to scammers taking advantage of the meme coin craze to create and liquidate fake tokens. In the past 10 days, PeckShield has identified 24 scam meme tokens that have rug pulled their investors, with fake tokens such as BENS, PSYOP, FOG, TINDER, and WorldCoin trending on social media. On the 13th anniversary of Bitcoin Pizza Day, fake token issuers profited over $200,000 from pizza-related rug pulls. PeckShield warns investors to be cautious of the newly created token, BEREAL. For those interested in staying up-to-date with the crypto industry, an updated list of relevant Telegram channels related to cryptocurrency is available until 2023, providing news, analysis, and discussions.

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