in

Ethereum Infochain: Help Understanding Potential Scam Token

Ethereum Infochain: Help Understanding Potential Scam Token


Last night I purchased a token on Uniswap that now appears to have been a scam. While I was able to purchase the token, I can no longer sell it, which from what I am reading is a classic sign of a honeypot. Oh well, shit happens.

Etherscan Information

https://etherscan.io/token/0x48b07d22465Bc34698d5da4F6Dd8F0b7E26A0aBd

What’s confusing here is the other wallet addresses that have been performing transactions with this token. As part of my research before purchasing it, these transactions were my main motivation as there is not much information on $Hello out there at all.

Specifically….the very first transaction for this token is from the Ethereum Genesis wallet to Vitalik Buterin’s wallet.

Transaction from Black Hole wallet to Vb: https://etherscan.io/tx/0xda243d6801963a317553ea42b80b2b80aa260dfaa3ea093b6ba09bcb1d593b27

The subsequent transactions show Vb’s wallet sending out the token to numerous other high-value ETH wallets in 100B increments.

Numerous transactions from Vb to other wallets

Vb wallet sends 100B $Hello to Crypto.com

https://etherscan.io/tx/0x2b4628cc3e935a3d0913ced293d97c4dfc650e55d9175adf3b4f7f97be202005

Vb wallet buying another 3.5 Trillion $Hello off Uniswap

https://etherscan.io/tx/0xb39b820302621095301eb2bf6786b74c815093e375ddd7bb2b179ff744c413d2

FTX Exchange buying 3.5 Trillion $Hello off Uniswap

https://etherscan.io/tx/0x59a444f581b29025040a01e8c09076ed6d182b98bfc6c328187b5299bded0ba2

Binance Wallet buys 4.6b $Hello off Uniswap

https://etherscan.io/tx/0xcd1afb53837af057782faaad900cff0dba2c9052e15a3977e2bd2db62bacb3cd

Numerous exchange purcases of $Hello on Uniswap

So can someone please help….what am I missing here? How can a token with these types of players involved end up just being some run of the mill scam? Is there a way to fake or simulate these kinds of transactions with a smart contract? I didn’t put a bunch of money or anything in there (one of the lowest holders on the totem pole thankfully), but this has kinda shook my faith in Crypto in general. Is the blockchain lying to me?



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

What do you think?

Gaming Revival: How Blockchain and WebGL Technology Could Could Write the Future of the Gaming Industry

Gaming Revival: How Blockchain and WebGL Technology Could Could Write the Future of the Gaming Industry

Play-to-Earn Game MonkeyBall to be Featured as Inaugural Flagship IDO on StarLaunch

Play-to-Earn Game MonkeyBall to be Featured as Inaugural Flagship IDO on StarLaunch