Token impersonations of popular and fast climbing projects are on the rise and we have seen a contract impersonating the yet unlaunched SAGA token and using social media apps to trick users into buying it via PancakeSwap.
Fake Token(SAGA - BSCSCAN): 0x4e9E700947F1E7AcB3b45Fa0E28E1AC97A26D586
Our Advice: It's a Scam! Always DYOR. This contract will steal your funds.
We suggest using our HashDit Chrome Extension to protect your wallet.
[https://chromewebstore.google.com/detail/hashdit/coegijljhiejhdodjbnlglffjomlbgmi]
Actual Token Info:
Binance will be the first platform to list SAGA, with trade starting at 2024-04-09 08:00 (UTC). Any claims to offer this token for sale before the stated timeline are false advertising. Please do your own research to ensure safety of your funds!
Project Website:
Website: ‘http://saga.xyz’
Twitter/X: @Sagaxyz__
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Contracts that are usually unverified/unpublished,to hide their functions.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 Saga (SAGA) 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 using their Binance Web3 wallets.
Interacting with this contract resulted in users losing their hard earned funds to a scammer.
#TrendingTopic #BTC #SAGALAUNCHPOOL #SAGA #ETH
