Copy Of Dogecoin Turned Out To Be A Scam

According to data provided by blockchain security firm PeckShield, DogeMother, one of the countless copies of Dogecoin, is actually a scam. The price of a cryptocurrency based on BNB Chain collapsed by 91%.

The developers claimed that all decisions would be made by the community. People were promised a guaranteed reward for buying a token. However, the project had many red flags. On its official website, the project was misleading, promising that with the profits received from the investment, it would be possible to buy a Lambo for your mother. Such promises are usually made by scammers.

PeckShield spoke about the fact that a copy of Floki Inu was found, which was a fraudulent scam. Fraudsters have repeatedly tried to take advantage of the popularity of the Shiba Inu token by promoting fake tokens. Even though the memcoin frenzy has completely died down, scammers are still trying to capitalize on it by luring new investors with dubious tokens.

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