Blockchain investigator Wazz recently issued a public alert on July 28 regarding the potential risks associated with the largest $Neiro token on the Ethereum network, labeling it as a honeypot scam. While initial investigations have not yielded conclusive results, Wazz highlighted several concerning aspects of the project. The lack of developer contact information raises further suspicions. The Neiro meme token in question, identified by its Ethereum address '0x3ad4f189f08cdc60496eeBb3bd70B90dF28B7455,' has a market capitalization of around $31 million. However, the project has not been 'renounced,' indicating ongoing control by the owner. Additional red flags include external wallet connections and an unlocked liquidity pool, leaving funds vulnerable to potential exploitation. This serves as a cautionary tale within the cryptocurrency community, emphasizing the importance of due diligence and vigilance against fraudulent schemes. Read more AI-generated news on: https://app.chaingpt.org/news

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