TLDR: #SAFU🙏 Token impersonations of popular and fast climbing projects are on the rise and we have seen a contract impersonating AltLayer’s token and using social media apps to trick users into buying them from pancakeswap via the Binance WEB3 wallet. 

Fake Token(ALT): 0x3C816C220E3176C6155be2f11E7Cd6c4F0dD349B

Our Advice: It's a Scam! This contract was created to steal all your funds. Always do your own research. 

Keep your funds safe!! Use our HashDit Chrome Extension to protect your wallet.

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Actual Token:

  • $ALT[BscScan]: 0x8457CA5040ad67fdebbCC8EdCE889A335Bc0fbFB

  • $ALT[Etherscan]: 0x8457CA5040ad67fdebbCC8EdCE889A335Bc0fbFB

Project Website:

  • Website: ‘altlayer.io’

  • Twitter/X: @alt_layer

$ALT #BTC #TrendingTopic #ALT #AltLayer

How these scams usually work: 

  1. Popular platforms usually post information about projects with an upcoming presale/going live.

  2. 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. 

  3. 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.

  4. 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  • Contracts you are asked to invest in like this are usually unverified/unpublished,to hide their functions. 

Case Of the Day: Exploiting FOMO

  1. Binance posted articles introducing AltLayer (ALT) on the Binance Launchpool and another about 220,000 ALT in Airdrop Rewards.

  2. Referencing the articles, scammers convinced users, via a popular social media app, that huge profits were waiting for them.

  3. A fake contract address was shared and users were convinced that the token needed to be bought asap.

  4. They were also instructed to purchase via Pancakeswap with a Binance Web3 wallet.

  5. The result? Losing their hard earned funds to a scammer. 

It can never be stressed enough! Always #DYOR!

Keep yourself safe with Hashdit!!