Token impersonations of popular and fast climbing projects are on the rise and we have seen a contract impersonating Ethena’s token and using social media apps to trick users into buying them from PancakeSwap.
Fake Token(ENA - BSCSCAN): 0x48df6de06a803Db32080284f2Db34d2f001a88A5
Our Advice: It's a Scam! Always DYOR and beware of unverified/unpublished contracts. This contract will steal your funds.
We suggest using our HashDit Chrome Extension to protect your wallet, it is available in Chrome Store [https://chromewebstore.google.com/detail/hashdit/coegijljhiejhdodjbnlglffjomlbgmi]
Actual Token:
$ENA[Etherscan]: 0x57e114B691Db790C35207b2e685D4A43181e6061
Project Website:
Website: ‘https://www.ethena.fi’
Twitter/X: @ethena_labs
#TrendingTopic #ENA #Launchpad #BTC #BNB
How these scams usually work:
Popular platforms usually post information about projects with an upcoming presale/going live.
Scammers view these posts and use social media apps to create fake support groups, impersonating the company and try to use fake websites/contract addresses to trick users.
Once you have connected to the site or decide to transfer to the contract, the scammers try to get you to place or approve increasingly large orders or ask you to send funds to an address post which they will send you tokens.
Once the user has confirmed the transaction, the funds will never be seen again.
Always do your own research! If it looks too good to be true, it probably isn't!
Red Flags:
Beware being added to any support groups promoting or offering you investment advice or fast profits!!
Contracts that are usually unverified/unpublished,to hide their functions.
Case Of the Day: Exploiting FOMO
Binance posted an article introducing Ethena (ENA) on the Binance Launchpool!.
Scammers referenced the article and convinced users via a popular social media app, that they could purchase it prior to the Binance listing.
The fake contract address was shared and profit expectations were generated.
They were also instructed to purchase via Pancakeswap.
Interacting with this contract resulted in users losing their hard earned funds to a scammer.
