On February 15, 2025, Argentine President Javier Milei sparked controversy after promoting a new cryptocurrency ($Libra) via his X account, describing it as a “private project” aimed at supporting the growth of the Argentine economy by funding startups.

💰 Within minutes, the value of the currency exploded to $4.5 billion, attracting thousands of investors. But the big shock came quickly, as the currency collapsed within hours, leaving behind huge losses!

The cryptocurrency world is full of opportunities—but also traps. Scams, rug pulls, and fraudulent projects have drained millions from unsuspecting investors. Is BNX (BinaryX) the latest crypto scam? Or is it just FUD (Fear, Uncertainty, and Doubt)?
Let’s dive deep into what’s happening with BNX, the warning signs, and whether your funds are at risk. ⚠️
🔥 What is BNX (BinaryX)?
BNX is the native token of BinaryX, a blockchain gaming project that originally focused on GameFi and play-to-earn (P2E) mechanics. The project promised:
✅ A decentralized gaming ecosystem
✅ A fair reward system for players
✅ Integration with Binance Smart Chain (BSC) for fast transactions
At its peak, BNX was a top gaming token, attracting thousands of investors. But recent events have raised serious concerns.
$BNX

⚠️ Why Are Investors Calling BNX a Scam?
Several red flags have surfaced, making investors question whether BNX is a legitimate project or just another crypto rug pull.
🚩 1. Sudden Price Crash – From $BNX to $0.01?
BNX suffered a catastrophic price drop, wiping out almost all investor funds. Some key moments:
🔻 BNX fell from over $100 to nearly $0.01 in a short period.
🔻 Developers claimed a token migration, but many users were left with worthless tokens.
🔻 Major exchanges delisted or suspended BNX trading, adding to the panic.
For many, this screamed scam—especially since similar crashes have preceded rug pulls in the past.
🚩 2. Suspicious Token Migration
BinaryX announced a BNX token split and migration, claiming it would enhance liquidity and benefit investors. However, critics argue that:
❌ The migration process was unclear and misleading.
❌ Investors lost access to their original BNX tokens.
❌ There was no transparency about who controlled the new tokens.
Token migrations have been a common scam tactic in the past, used to wipe out holders and create a new token for insiders.
🚩 3. Developer Dumping & Insider Trading
Blockchain data suggests that large amounts of BNX were sold before the crash—possibly by insiders.
🔍 Key findings from on-chain analysis:
✔️ Whale wallets dumped massive amounts of BNX before the collapse.
✔️ Developers may have moved funds to undisclosed wallets.
✔️ No clear communication from the BinaryX team during the crash.
This kind of activity has been linked to rug pulls, where developers cash out and abandon the project.
🚩 4. Lack of Transparency & Poor Communication
When investors demanded answers, the BinaryX team was silent.
❌ No clear updates on missing funds
❌ Social media accounts were slow to respond
❌ Vague explanations instead of real answers
Transparency is key in crypto. When developers go silent, it’s usually a bad sign.


🔍 Is BNX a Scam or Just Mismanagement?
While some argue that BNX is a scam, others believe it could be a case of mismanagement rather than outright fraud.
📌 Possible explanations:
✔️ Bad tokenomics and poor planning caused the crash.
✔️ Developers panicked and executed a rushed migration.
✔️ Market manipulation and FUD made things worse.
Either way, the damage is done—and investors deserve answers.
🚨 How to Protect Yourself from Crypto Scams
If BNX has taught us anything, it’s that crypto scams are getting more sophisticated. Here’s how you can stay safe:
✅ Do Your Own Research (DYOR) – Don’t trust hype; check the team, tokenomics, and project goals.
✅ Track Developer Activity – If devs dump tokens, it’s a red flag.
✅ Check On-Chain Data – Use platforms like Etherscan or BSCScan to monitor wallet movements.
✅ Be Cautious of Token Migrations – Many scams start with a "token upgrade".
✅ Follow Community Discussions – Watch for warnings from experienced investors.
🛑 Final Verdict: Should You Still Invest in BNX?
🚨 Right now, BNX looks extremely risky.
📉 The price crash, insider selling, and poor communication make it hard to trust the project.
💰 If you’re still holding BNX, consider your risk tolerance carefully.
Could BNX recover? Maybe. But without transparency and accountability, many investors are already moving on.
👉 What do you think? Is BNX a scam, or just a failed project? Share your thoughts below! 👇

#CryptoScamAlert #Bnx #BinaryX #CryptoNewss #ScamAlert

The social media account of Tanzanian billionaire Mohammed Dewji was recently hacked by crypto scammers, who used it to promote a fake digital asset called “Tanzanian Token.”
The hackers used deepfake technology to manipulate Dewji’s 2.2 million followers into believing the investment was legitimate. As a result, victims of the scam lost a total of $1.48 million.
“Tanzanian Token”: A Scam Spread Through a Hacked Account
On February 5, Dewji discovered that his account had been compromised and quickly distanced himself from the fake crypto project, alerting the platform X (formerly Twitter).
🔹 How did the scam work?
The scammers posted a deepfake video in which a man resembling Dewji urged people to invest in “Tanzanian Token.”They provided clear instructions on how to buy the token, tricking unsuspecting investors.Even after Dewji issued a warning, the hackers continued posting fake promotional videos to keep the scam running.

📉 In one of the deleted posts, “Dewji” falsely claimed that his account had not been hacked and encouraged his followers to buy the token.
It took 24 hours for Dewji to regain control of his account, after which he issued an official warning to his followers.
Billionaire Warns Against Scams and Apologizes to Victims
Once Dewji regained access to his account, he quickly released an official statement, apologizing to his followers and warning them about similar scams.
📢 His statement:
"We sincerely apologize for the recent incident involving fraudulent posts impersonating Mr. Mohammed Dewji and an attempt to scam individuals. These actions are unacceptable, and we strongly condemn them."
Dewji also thanked the X security team for their swift action, which helped him regain control of his account.
Scammers Stole Nearly $1.5 Million
Despite Dewji’s quick response and X’s intervention, the scammers successfully stole $1.48 million from unsuspecting investors.
📊 An analysis by Lookonchain suggests that the scammers behind this attack are likely linked to another group that hacked the account of former Brazilian President Jair Bolsonaro in January.
🔎 What do both attacks have in common?
The scammers used the same strategy—hacking a high-profile individual’s account.In both cases, fake tokens were promoted through fraudulent posts.Bolsonaro’s hacked account was used to promote a fraudulent crypto asset, leading to $1.3 million in stolen funds.
💰 In total, these crypto scammers have stolen more than $2.7 million from both incidents.
How to Protect Yourself from Similar Crypto Scams?
📢 Dewji warned his followers to trust only his official channels.
🔹 Never invest in a project just because a celebrity endorses it.
🔹 Always verify information from independent sources before investing in unknown tokens.
🔹 Be skeptical of “guaranteed investment opportunities” and avoid clicking on suspicious links.
Crypto scams are becoming more sophisticated, but awareness and critical thinking remain the best defenses against financial losses. 🚨

#CyberSecurity , #hacking , #ScamAlert , #CryptoNewss , #cybercrime

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Overhyped, centralized, and vulnerable to manipulation. BERA’s price crashed after launch—classic pump-and-dump signs. Don’t let FOMO drain your money.#ScamAlert #crypto #Berachain #obaidullahllc #obaidllc $BTC $ETH $BERA

Overhyped, Underdeveloped: Berachain’s marketing creates buzz, but beneath the surface, it’s just another Layer 1 chain struggling to offer real innovation.
Centralization Concerns: Despite claiming decentralization, its Proof of Liquidity model raises red flags. A few whales could easily manipulate the network.
Tokenomics Trap: The BERA token faced a sharp drop after launch—classic pump-and-dump behavior disguised as "market corrections."
Unstable Partnerships: Rapid exchange listings don’t mean long-term value. We've seen countless projects collapse despite big-name support.
Liquidity Risks: The flashy DeFi features can’t hide the fact that low liquidity and poor ecosystem development can crash your investments overnight.
Think twice. Don’t let FOMO drain your portfolio. #crypto #Berachain #ScamAlert #professor #Obaid $BERA