Scam Tokens Exploit TRUMP Hype, Yielding $857 Million
- Scam tokens generated over $857 million using the Pump and Dump scheme.
- Tokens involved include Milei, Melon Musk, OFFICLAL TRUMP, and Vladimir Putin.
- Fraudsters targeted major TRUMP holders to create false market demand.
- Funds were extracted through exchanges like Binance, OKX, and Crypto.com.
- KING and BUFFET tokens share deposit addresses with other scam tokens.
The fraudulent activities surrounding scam tokens led to over $857 million in profits by exploiting the popularity of the TRUMP token. These scams used centralized exchanges for fund extraction and shared deposit addresses among different assets.
Source (2.6)https://hodl.press/global-ledger-scam-tokens-net-857m-amid-trump-frenzy/?rand=24434
