Introducing the LOYAL token after collecting millions from BEN and PSYOP, Ben.eth is now launching a new NFT collection. Blockchain security firm PeckShield had these altcoins marketed by Ben.eth on the rug pull list.
Ben.eth introduces 4th altcoin project
The notorious crypto phenomenon first launched a token called BEN. He ended the project after collecting millions from investors. Ben.eth’s popularity stems from its role in the Pepe Coin rally.
Shortly after the BEN token, it once again tried to capitalize on the interest in the market with PSYOP. In this, he was partially successful. He reportedly increased his wallet balance from $2,600 on May 3 to $9.28 million on May 23.
LOYAL token was the 3rd altcoin project Ben.eth introduced on Twitter on May 27. When marketing LOYAL, it promised investors 33% of the proceeds from the pre-sale. Meanwhile, Ben.eth has worked with BitBoy throughout the process, where he has amassed millions with scam projects. The duo will be held accountable in the lawsuit filed by the Loevy & Loevy law firm.
Coming to the latest project, Ben.eth is marketing orange NFTs, this time bundled with Twitter Blue. After his first three altcoin projects, he is now trying his luck with NFTs. The 10,000-piece collection was presented to buyers at the mint stage today. However, the base price is currently hovering below the mint rate. According to his latest tweet, the orange FF6000 NFT will come with an orange band plus Twitter Blue on your Twitter profile. Announcement on Twitter:
cryptocoin.com You can take a look at the news about Ben.eth, which we conveyed as
Investors lost $45 million to rug pull projects in May
A June 1 report by Beosin said losses from rug pull and scams in May exceeded $45 million in six incidents. Meanwhile, there were 10 attacks that cost DeFi protocols $19.7 million. The amount decreased by about 80% compared to April. Losses from such exploits had been declining for two months.
The biggest was the $32 million hack that crypto project Fintoch allegedly achieved on May 24. According to Beosin, the $7.5 million attack on the DeFi platform Jimbos protocol was the biggest attack in the past month. “Hackers and scammers are gradually shifting the target of their attacks from various project parties to ordinary users,” Beosin wrote.
Pay attention to these
Crypto users were advised to “raise their anti-fraud awareness,” do due diligence on a project before investing, and learn how to better protect their crypto. Beosin also warned against using shared or public chargers for mobile phones. Because they can be modified to inject malicious programs that could potentially compromise private keys.
In April, the FBI had said that the use of free charging stations, such as those found at airports, should be avoided.
The Denver office of the FBI tweeted on April 6. Accordingly, “Hackers use public USB ports to inject malware into devices.” Instead, he recommended carrying a charger and USB cable for use in a power outlet.
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