Warning for FLOKI Investors: Beware of New Scams!

The development team of the popular meme coin Floki Inu (FLOKI) has issued an urgent warning to investors. They report an increase in scams targeting both potential and current FLOKI investors. These scammers are creating fake tokens that pose as legitimate FLOKI coins.

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Scammers target FLOKI investors

On June 29th, the Floki team shared via X (formerly Twitter) that there are an increasing number of scams targeting FLOKI investors. According to the developers, fake tokens are being created and promoted, pretending to be FLOKI tokens on the Ethereum blockchain, Base, and the independent Layer 1 blockchain Solana. These scams are designed to trick unsuspecting investors into purchasing worthless tokens, which can lead to significant financial losses.

The team emphasizes that the only real FLOKI tokens are traded on the Binance Coin (BNB) and Ethereum (ETH) networks with the respective wallet addresses: 0xfb5b838b6cfeedc2873ab27866079ac55363d37e and 0xcf0c122c6b73ff809c693db761e7baebe62b6a2e. Any other claim about FLOKI tokens on other networks is false and misleading.

Stay vigilant and check sources

The FLOKI team urges investors to always verify the legitimacy of FLOKI-related investments and information from official sources before making any transactions. By raising awareness about these scams, the FLOKI community can work together to combat these scams and promote a safe digital space for investors.

Increase in scams in the meme coin market

The FLOKI team’s recent warning comes amid a broader trend of increasing scam activity in the meme coin market and the broader crypto space. In addition to Floki, other popular meme coins such as Shiba Inu and Dogecoin (DOGE) are also constantly facing new scam attacks.

On June 2, Shiba Inu’s lead developer Da Vinci discovered a similar scam where fake TREAT tokens were being distributed through various crypto exchanges. These tokens, which had nothing to do with Shiba Inu, were distributed before the official launch of the TREAT token brought to the market, resulting in investors buying worthless crypto assets. In the coming period, it is good to be extra vigilant for scams and protect yourself from criminals and scammers.

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