By
Scammers Exploit DeepSeek Hype With Fake Tokens
https://ift.tt/QtF8cNf
Bad actors have launched over 75 fraudulent tokens on Solana and Ethereum. They falsely claim to be official DeepSeek assets.
Investors looking to jump on the bandwagon should proceed with caution. Let’s discover more about Deepseek fake tokens.
Scammers Flood Solana and Ethereum with Fake DeepSeek Tokens
The buzz around DeepSeek’s AI-driven blockchain technology has drawn plenty of attention, and scammers wasted no time cashing in. Within hours of the announcement, dozens of fake tokens appeared, many using official branding and deceptive names to trick eager investors. These scam tokens promise high returns but often vanish just as quickly as they appear, leaving buyers high and dry.
ALERT: DeepSeek’s presentation has sparked a wave of scam tokens, with over 75 fraudulent tokens appearing on Solana and Ethereum, falsely claiming to be official. pic.twitter.com/kHZ0nKvRRA
— Cointelegraph (@Cointelegraph) January 28, 2025
Both the Solana and Ethereum blockchains have been flooded with fake DeepSeek-related tokens. Scammers typically create these assets, generate hype on social media, and then pull the rug—draining liquidity and leaving unsuspecting investors with worthless tokens. Some of these scams even set up fake websites and social media accounts to appear legitimate.
How to Spot a Scam
Crypto scams are nothing new, but they’ve gotten more sophisticated. Here are a few ways to protect yourself:
- Check official sources – DeepSeek has not launched any official token. Always verify announcements from trusted channels before investing.
- Watch for red flags – Promises of guaranteed returns, rushed sales, and anonymous developers are major warning signs.
- Use blockchain explorers – Verify contract addresses on Solscan or Etherscan. If a token isn’t linked to an official DeepSeek source, it’s likely a scam.
Most of memecoins on Dexscreener are SCAM!
Even experienced traders fall into scammers’ traps and lose over $300k
Here’s how to identify a SCAM and a 100x GEM
pic.twitter.com/8CI4xcVlMw
— HinkoK (@hinkok_) November 15, 2024
A Classic Case of FOMO
Scammers know that in crypto, fear of missing out (FOMO) is a powerful motivator. They use hype and urgency to lure investors in before they have time to think twice. But as the saying goes, if it sounds too good to be true, it probably is. Many who jumped in without doing their homework are now left holding the bag.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
The post Scammers Exploit DeepSeek Hype With Fake Tokens appeared first on Altcoin Buzz.
news
via Altcoin Buzz https://ift.tt/pwhMnB0
January 30, 2025 at 06:19AM
January 30, 2025 at 06:21AM
via Comments on: Scammers Exploit DeepSeek Hype With Fake Tokens https://ift.tt/QtF8cNf