Fun

Floki Inu warns of fake tokens on Solana and Base blockchains

News Feed - 2024-06-30 05:06:21

Amaka Nwaokocha53 minutes agoFloki Inu warns of fake tokens on Solana and Base blockchainsFloki Inu urged its community to obtain token information only from official sources to prevent falling victim to these fraudulent schemes.320 Total views4 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksThe Floki Inu memecoin project has warned users and the broader cryptocurrency community about ongoing scams involving unauthorized tokens falsely associated with its brand. The fraudulent tokens have surfaced on the Solana and Base blockchains, misleading investors.


The official X account of Floki Inu took to social media to alert its followers about the scam tokens. It highlighted that the legitimate Floki Inu (FLOKI) token is exclusively available on the BNB Smart Chain and Ethereum networks.


Floki listed the Ethereum address “0xcf0c122c6b73ff809c693db761e7baebe62b6a2e” and BNB Smart Chain address “0xfb5b838b6cfeedc2873ab27866079ac55363d37e” as the correct contract addresses for its tokens to help users avoid scams.


Floki Inu urged its community to obtain token information only from official sources to prevent falling victim to these fraudulent schemes.Floki Inu’s ecosystem growth


Despite these security threats, Floki Inu continues to enhance its ecosystem’s functionality and utility. A notable development is the introduction of the FLOKI Name Service on the BNB Chain mainnet.


This service allows users to register decentralized domain names with the .floki extension.Source: Floki Inu


The service leverages the Space ID architecture to allow interoperability with numerous decentralized applications (DApps), including popular wallets and exchanges like Trust Wallet and PancakeSwap.


Floki Inu has surpassed 417,400 holders on the BNB Chain. To celebrate, Floki Inu launched a rewards program, allowing holders to claim a percentage of interest rewards.


Related: VanEck subsidiary’s memecoin index up 137% year-to-date


In March, the dog-themed memecoin unveiled its roadmap for 2024, revealing several upcoming features and utility-focused initiatives. The plans include regulated digital banking accounts, enabling users to create and fund bank accounts using FLOKI tokens.


The roadmap includes a partnership with a licensed fintech firm that will enable digital bank accounts with Swift payments and SEPA IBAN capabilities, expanding across Canada, Spain, Dominica, Australia and the United Arab Emirates.


In January, the Hong Kong Securities and Futures Commission (SFC) cautioned the public about the “Floki Staking Program” and “TokenFi Staking Program.”


The SFC noted that these products provide staking services and promise annualized returns from 30% to over 100%. Despite this, they lack authorization for public sale in Hong Kong.


Magazine:Ethereum restaking: Blockchain innovation or dangerous house of cards?# Blockchain# Cryptocurrencies# Business# Cryptocurrency Exchange# Tokens# Scams# Floki InuAdd reaction

News Feed

Peter Schiff Lays Into Grayscale and CNBC, Claims Conspiracy to Pump BTC Value
Peter Schiff Lays Into Grayscale and CNBC, Claims Conspiracy to Pump BTC Value Euro Pacific Capital CEO Peter Schiff is now training his guns on Grayscale Trust&
Exploits and Flash Loans Are Just the Beginning, Defi Economy Is Less Private Than People Think
Exploits and Flash Loans Are Just the Beginning, Defi Economy Is Less Private Than People Think Decentralized finance otherwise known as defi has climbed signifi
Anchor Nips at Aave’s Heels as Defi Protocol Becomes Second-Largest Lending Application
Anchor Nips at Aave"s Heels as Defi Protocol Becomes Second-Largest Lending Application While the decentralized finance (defi) platform Anchor Protocol’s native digital asse
Solana ETPs see $39M outflow — Is the SOL price top in? 
Nancy Lubale4 hours agoSolana ETPs see $39M outflow — Is the SOL price top in? CoinShares data shows Solana investment products registering a $39 million outflow, while Bitcoin investment products saw modest inflows.5
GameSwift Launches a Web3 Gaming Platform With Revolutionary Passwordless Sign-on System to Help Bring Gamers Into Web3
GameSwift Launches a Web3 Gaming Platform With Revolutionary Passwordless Sign-on System to Help Bring Gamers Into Web3 press release PRESS RELEASE.GameSwifthas announced the open a
Fantom Price Breakout: Analyst Shares Anatomy Of FTM’s 18,000% Move To $150 By 2025
Este artículo también está disponible en español. A recent technical analysis on TradingView has drawn attention to the Fantom price, with a projected 18,000% increase to
Can Bitcoin Hit $160,000 In 2025? Matrixport Thinks So
Este artículo también está disponible en español. Singapore-based crypto service provider Matrixport predicts that Bitcoin may reach as high as $160,000 by 2025. In a new
Turner Wright3 hours agoNo ‘mass exodus of funds’ following Binance-DOJ settlement — NansenRoughly 24 hours following the announcement of a settlement with U.S. officials, Nansen reported Binance’s total holdings
Tristan Greene4 hours agoMatter Labs steps back as zkSync launches ecosystem portal managed by DappRadarThe launch brings Matter Labs one step closer to its goal of complete decentralization for the zkSync protocol.2503
Bitcoin Soars Over $25K, MEXC (MX) Rockets To All-Time High in 2023
Bitcoin Soars Over $25K, MEXC (MX) Rockets To All-Time High in 2023 press release PRESS RELEASE.With Bitcoin surging to reach a new 2023 high, MX has been the top performer in excha
Crypto Retirement: US Investment Firm Launches Employer-Sponsored Bitcoin 401(k) Plan
Crypto Retirement: US Investment Firm Launches Employer-Sponsored Bitcoin 401(k) Plan The U.S.-based company Digital Asset Investment Management (Daim) has annou
US, UK, Canada, Australia, Netherlands Share Crypto Criminal Leads, Including a Potential $1B Ponzi Scheme
US, UK, Canada, Australia, Netherlands Share Crypto Criminal Leads, Including a Potential $1B Ponzi Scheme Officials from the U.S., U.K., Canada, Australia, and the Netherlands hav