Printed: March 25, 2024 at 7:58 am Up to date: March 25, 2024 at 9:11 am
Edited and fact-checked:
March 25, 2024 at 7:58 am
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SlowMist recognized suspicious exercise linked to the meme rune token ZongZi on Binance Chain (BNB), $230,000 probably drained.
Blockchain safety firm SlowMist introduced the identification of doubtless suspicious actions linked to the meme rune token ZongZi on Binance Chain (BNB). In keeping with the announcement, important funds had been transferred from the ZongZi tackle. Subsequently, it was reported that the venture had been exploited for over $230,000.
ZongZi has just lately accomplished elevating funds for the BNB mint, garnering monetary help from the consumer group by means of Telegram and X.
In keeping with the plan described by the venture, 1 BNB mints 1.8 trillion ZongZi cash, that are then transferred again to the consumer’s coin tackle with the overall provide of ZongZi tokens amounting to 1 trillion. ZongZi beforehand introduced that the venture’s liquidity pool locking worth exceeded $1.1 million, whereas the BNB within the burning pool was valued at over $500,000.
The venture just lately claimed to turn into the highest memecoin of the BNB chain. Nevertheless, since then, it has skilled a setback.
Memecoin Surge Spurs Dangerous Funding Development Amid New Token Launches
The announcement coincides with a surge within the memecoin market, with Dogecoin (DOGE), Dogwifhat (WIF), and Shiba Inu (SHIB) witnessing exceptional good points over the previous few weeks. This surge has additionally prompted a brand new wave of memecoin tokens to emerge, attracting substantial consideration from merchants and traders regardless of presenting a extremely dangerous avenue on which to capitalize.
For example, Slerf, a brand new sloth-themed meme coin working on the Solana community (SOL), was one of many newest tokens to emerge from the Solana meme coin presale pattern. It shortly secured a number of trade listings and has generated a buying and selling quantity of $1.7 billion, attracting 1000’s of distinctive holders inside hours of its launch.
Nevertheless, after elevating $10 million in a presale, the venture’s developer by accident misplaced all of the funds by mistakenly transferring the tokens to a burn tackle, which isn’t underneath anybody’s management.
In one other occasion, a presale for a venture titled “are you silly” collected 420.69 SOL or $83,717 in a single transaction on March 18th. Customers got a 48-hour window ranging from March sixteenth to ship funds to the “areyoustupid.sol” pockets tackle, with a 99.99% probability of the investor receiving nothing in return. On the time of publication, the pockets tackle for “areyoustupid.sol” holds a complete of 437.27 SOL, valued at over $87,000.
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About The Writer
Alisa is a reporter for the Metaverse Submit. She focuses on investments, AI, metaverse, and every thing associated to Web3. Alisa has a level in Enterprise of Artwork and experience in Artwork & Tech. She has developed her ardour for journalism by means of writing for VCs, notable crypto tasks, and scientific writing. You’ll be able to contact her at [email protected]
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Alisa Davidson
Alisa is a reporter for the Metaverse Submit. She focuses on investments, AI, metaverse, and every thing associated to Web3. Alisa has a level in Enterprise of Artwork and experience in Artwork & Tech. She has developed her ardour for journalism by means of writing for VCs, notable crypto tasks, and scientific writing. You’ll be able to contact her at [email protected]
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