Tres Finance, the developer of the Decentralised Finance ( #DeFi ) system, alerted the public to a scam involving phoney #tokens intended to seem like real transactions.

Idan David, the technical lead for Tres Finance, and Tal Zackon discussed the specifics of a scam involving false transactions that seem like legal ones in an interview. The scammers, according to the duo, try to convince unwary customers to copy the incorrect wallet address and transfer their transactions there.

David went on to say that con artists frequently spot and target wallets containing significant quantities of #stablecoins like #Tether. Once the scammers have their objectives in focus, they establish wallet addresses that appear to be comparable and fake versions of actual tokens.