In anticipation of the launch of Sleepless AI farming on Binance’s Launchpool platform, unknown people launched a token of the same name on Rugpool.
As PeckShield analysts reported, one of the addresses exchanged 1 billion fake AIs for ETH for $91,000. As a result, the token price fell 97.5%. A similar rug-pulling scheme was performed using fake FomoFi tokens.
The attacker’s address exchanged over 5.3 trillion FOMO for 189,600 BSC-USD before the coin price dropped to zero. Another incident devalued the NebulaNode token after exchanging numerous NNNN tokens for 1033.8 BNB, equivalent to $335,900.
Farming of the original Sleepless AI project on Launchpool began on December 28th. This project becomes the 42nd project in Launchpool. Introducing a web3 gaming platform using AI. Currently, users can earn AI tokens by staking BNB, FDUSD, and TUSD into the pool in a campaign set to last 7 days.
Security expert Certik reported a rug pull involving fake Linea tokens in early October. The fraud resulted in unknown persons stealing approximately $743,000. Victims said the fraud may have been committed by a Russian user called ‘AltLex’ who promoted the tokens on social media.