Community Warned Fake Worldcoin Ahead Native Token (WLD) Launch

In a recent development, cybersecurity firm PeckShield has flagged a fraudulent version of the popular cryptocurrency, Worldcoin. The company’s vigilant monitoring system detected the fake Worldcoin, which experienced a drastic plunge of -100% in value.

PeckShield’s team of experts discovered the suspicious activity surrounding the fake Worldcoin and took prompt action to alert the crypto community. The counterfeit token was linked to an Ethereum address with the label 0x0e51903062124e1ba29723fedc811284b6151502 on the Ethereum blockchain. Users should exercise caution and avoid transactions involving this address and associated tokens.

The perpetrator, identified as 0x477aF2, reportedly interacted with SimpleSwap and MEXC, well-known platforms in the crypto space. Notably, 161.6 $ETH from MEXC was used to fund the operation, as revealed by the transaction record available on Etherscan.

What next for Worldcoin?

As cryptocurrency scams and attacks have increased, the vigilance and swift response shown by on-chain serve as a crucial reminder of the importance of robust cybersecurity measures in the crypto ecosystem.

The project’s native token (WLD) is set to launch today. The launch holds promise for investors and traders, with many eagerly anticipating its entry into the market. However, in light of the recent scam involving the fake Worldcoin, it becomes even more essential for investors to exercise caution, conduct thorough research, and stay informed about the project’s legitimate developments.

As the cryptocurrency market continues to evolve, the role of cybersecurity firms like PeckShield becomes increasingly significant. They play a vital part in safeguarding users and ensuring the integrity of the blockchain ecosystem. Investors and enthusiasts are advised to remain vigilant, report suspicious activities, and rely on trusted sources when navigating crypto.