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Saudi Arabia crown prince impersonator launches fake ‘official’ coin
Scammers frequently use public figures’ identities to promote fraudulent crypto projects, abusing public trust in well-known individuals. Elon Musk and Donald Trump have previously been targeted in similar scams, where fraudsters promoted fake crypto giveaways.
While impersonating famous individuals, these coins tend to exhibit big, red flags which inexperienced investors may not notice. The fake Saudi Arabia memecoin displayed multiple red flags. For one, the announcement lacked details about tokenomics or the coin’s intended use and lacked any official government statements supporting the project.
Another less-obvious red flag was that the token’s contract had been deployed on-chain a week before the announcement. The launch took place on Feb. 10 through Solana-based memecoin platform Pump.fun. The fraudulent token failed to gain traction, with its market capitalization reaching only $7,489, according to Pump.fun data.
Scammers launched a fake coin under the name of Saudi Arabia’s Crown Prince Mohammed bin Salman.
The fake Saudi Arabia coin, named the “Official” Saudi Arabia memecoin (KSA), was announced on Feb. 17. The announcement came from an X account named “SaudiLawConf,” which falsely presented itself as connected to the crown prince. The real owners of the account, the Saudi Law Conference, later confirmed that their X account had been hacked.
Saudi Arabia crown prince impersonator launches fake ‘official’ coin
Scammers frequently use public figures’ identities to promote fraudulent crypto projects, abusing public trust in well-known individuals. Elon Musk and Donald Trump have previously been targeted in similar scams, where fraudsters promoted fake crypto giveaways.
While impersonating famous individuals, these coins tend to exhibit big, red flags which inexperienced investors may not notice. The fake Saudi Arabia memecoin displayed multiple red flags. For one, the announcement lacked details about tokenomics or the coin’s intended use and lacked any official government statements supporting the project.
Another less-obvious red flag was that the token’s contract had been deployed on-chain a week before the announcement. The launch took place on Feb. 10 through Solana-based memecoin platform Pump.fun. The fraudulent token failed to gain traction, with its market capitalization reaching only $7,489, according to Pump.fun data.
Scammers launched a fake coin under the name of Saudi Arabia’s Crown Prince Mohammed bin Salman.
The fake Saudi Arabia coin, named the “Official” Saudi Arabia memecoin (KSA), was announced on Feb. 17. The announcement came from an X account named “SaudiLawConf,” which falsely presented itself as connected to the crown prince. The real owners of the account, the Saudi Law Conference, later confirmed that their X account had been hacked.
🚨Congratulations!💥
🗣️Saudi National Commercial Bank joins #RippleNet 🏅
#SaudiArabia #saudibank #Write2Earn #Ripple $XRP
🗣️Saudi National Commercial Bank joins #RippleNet 🏅
#SaudiArabia #saudibank #Write2Earn #Ripple $XRP
News Alert !!!
$IO
Saudi Arabia has announced plans to accept digital currencies for oil sales, but has not specified which ones. However, based on current trends and market capitalization, the following digital currencies could potentially be used for buying oil from Saudi Arabia:
1. Bitcoin (BTC) $BTC
2. Ethereum (ETH) $ETH
3. Petro (PTR)
- Venezuela's oil-backed cryptocurrency, which could potentially be used as a model for Saudi Arabia.
4. Tether (USDT)
- a stablecoin pegged to the US dollar, which could reduce volatility risks.
5. Saudi Arabian Digital Currency (SADC) - a hypothetical national digital currency, which could be introduced by Saudi Arabia in the future.
Please note that this is speculative, and the actual digital currencies accepted by Saudi Arabia for oil sales may differ.
#BTCFOMCWatch
#TopCoinsJune2024
#saudiarabia
#OilMarket
$IO
Saudi Arabia has announced plans to accept digital currencies for oil sales, but has not specified which ones. However, based on current trends and market capitalization, the following digital currencies could potentially be used for buying oil from Saudi Arabia:
1. Bitcoin (BTC) $BTC
2. Ethereum (ETH) $ETH
3. Petro (PTR)
- Venezuela's oil-backed cryptocurrency, which could potentially be used as a model for Saudi Arabia.
4. Tether (USDT)
- a stablecoin pegged to the US dollar, which could reduce volatility risks.
5. Saudi Arabian Digital Currency (SADC) - a hypothetical national digital currency, which could be introduced by Saudi Arabia in the future.
Please note that this is speculative, and the actual digital currencies accepted by Saudi Arabia for oil sales may differ.
#BTCFOMCWatch
#TopCoinsJune2024
#saudiarabia
#OilMarket
Saudi P2P Sellers Refusing Non-Saudi Buyers - Discrimination in Crypto
Hey Binance community!
I want to bring to your attention a disturbing trend I've faced in the P2P market on Binance. Saudi sellers are refusing to sell USDT or other cryptocurrencies to non-Saudi buyers!
This is not only unfair but also discriminatory. Crypto is supposed to be a global, inclusive, and decentralized space. But it seems like some individuals are trying to create barriers based on nationality.
I urge all of you to speak out against this discriminatory practice. Let's promote a culture of inclusivity and respect in the crypto community.
#Binance240MUsers #WorldLibertyXChainlink #HaveYouBinanced #PEPEATH #SaudiArabia
I want to bring to your attention a disturbing trend I've faced in the P2P market on Binance. Saudi sellers are refusing to sell USDT or other cryptocurrencies to non-Saudi buyers!
This is not only unfair but also discriminatory. Crypto is supposed to be a global, inclusive, and decentralized space. But it seems like some individuals are trying to create barriers based on nationality.
I urge all of you to speak out against this discriminatory practice. Let's promote a culture of inclusivity and respect in the crypto community.
#Binance240MUsers #WorldLibertyXChainlink #HaveYouBinanced #PEPEATH #SaudiArabia
Neymar’s Leaving Saudi Arabia Soccer after making $160 Million in less than 2 years 🤯💸
His stats at the Soccer Team Al Hilal:
• 1 goal
• 3 assists
• 7 games played
• $160 million salary
Al Hilal paid Neymar roughly $100 million per year. In leaving the club, he agreed to forfeit between $25 million and $30 million of the $65 million left on his deal through next summer, according to ESPN.
#neymar #neymarjr #saudiarabia #alhilal
His stats at the Soccer Team Al Hilal:
• 1 goal
• 3 assists
• 7 games played
• $160 million salary
Al Hilal paid Neymar roughly $100 million per year. In leaving the club, he agreed to forfeit between $25 million and $30 million of the $65 million left on his deal through next summer, according to ESPN.
#neymar #neymarjr #saudiarabia #alhilal
Saudi Arabia and Crypto
Saudi Arabia is exploring crypto cautiously.
The Public Investment Fund (PIF) invests in blockchain and Web3 projects.
The Central Bank appointed a leader for crypto and digital currency programs.
Private Sector Views:
Some, like Kingdom Holding Company (KHC), avoid crypto.
KHC's CEO said they only invest in assets with practical use, not crypto.
MBS’s Vision:
Crown Prince Mohammed bin Salman supports innovation under Vision 2030.
Crypto and blockchain could fit into this plan for economic growth.
Public Interest:
Many Saudis invest in crypto for savings, property, and family needs.
Regulators are working on rules to manage risks while supporting growth.
Conclusion:
Saudi Arabia is open to crypto but moves carefully, balancing risks and opportunities.
#SaudiArabia #ETHProspects #ETH #analysis #bitcoin
$BTC $ETH $BNB
Saudi Arabia is exploring crypto cautiously.
The Public Investment Fund (PIF) invests in blockchain and Web3 projects.
The Central Bank appointed a leader for crypto and digital currency programs.
Private Sector Views:
Some, like Kingdom Holding Company (KHC), avoid crypto.
KHC's CEO said they only invest in assets with practical use, not crypto.
MBS’s Vision:
Crown Prince Mohammed bin Salman supports innovation under Vision 2030.
Crypto and blockchain could fit into this plan for economic growth.
Public Interest:
Many Saudis invest in crypto for savings, property, and family needs.
Regulators are working on rules to manage risks while supporting growth.
Conclusion:
Saudi Arabia is open to crypto but moves carefully, balancing risks and opportunities.
#SaudiArabia #ETHProspects #ETH #analysis #bitcoin
$BTC $ETH $BNB
Dubai's Crypto Tax-Free Zones
Dubai is boosting its position as a global cryptocurrency hub by introducing tax-free zones for blockchain and crypto businesses.
Key Highlights
1. No Corporate Taxes:
Blockchain companies in these zones will pay no corporate taxes or income taxes.
2. Regulatory Support:
The government is providing clear and favorable regulations for digital asset businesses.
3. Infrastructure Development:
Dubai plans to develop advanced infrastructure to support crypto startups and large blockchain firms.
Government's Vision
*Attract Global Talent:
Dubai aims to bring in top crypto companies and innovators.
* Be a Global Leader:
The city wants to establish itself as the world’s leading destination for crypto and blockchain innovation.
Impact on the Market
* Increased Investments:
Crypto companies are already moving to Dubai for its business-friendly environment.
* Global Recognition:
Dubai is seen as setting an example for other countries in supporting blockchain technology.
#Dubai_Crypto_Group #UAE #SaudiArabia #TRUMP #BinanceAlphaAlert
$BTC $ETH $XRP
Dubai is boosting its position as a global cryptocurrency hub by introducing tax-free zones for blockchain and crypto businesses.
Key Highlights
1. No Corporate Taxes:
Blockchain companies in these zones will pay no corporate taxes or income taxes.
2. Regulatory Support:
The government is providing clear and favorable regulations for digital asset businesses.
3. Infrastructure Development:
Dubai plans to develop advanced infrastructure to support crypto startups and large blockchain firms.
Government's Vision
*Attract Global Talent:
Dubai aims to bring in top crypto companies and innovators.
* Be a Global Leader:
The city wants to establish itself as the world’s leading destination for crypto and blockchain innovation.
Impact on the Market
* Increased Investments:
Crypto companies are already moving to Dubai for its business-friendly environment.
* Global Recognition:
Dubai is seen as setting an example for other countries in supporting blockchain technology.
#Dubai_Crypto_Group #UAE #SaudiArabia #TRUMP #BinanceAlphaAlert
$BTC $ETH $XRP