It’s unclear at this time whether illicit activity has taken place, but a series of red flags has brought the token under scrutiny.
Read moreForcount crypto scheme promoters plead guilty to wire fraud conspiracy
On July 22, two of the five individuals who allegedly stole $8.4 million from investors between 2017 and 2021 by promoting Forcount pleaded guilty.
Read moreAngel Drainer reportedly shuts down after devs potentially identified
Two hours after Match Systems claimed to have discovered the identity of Angel Drainer developers, users began complaining that the app no longer worked.
Read moreHong Kong flags 7 unregulated crypto exchanges for noncompliance
The Hong Kong Securities and Futures Commission added seven crypto trading platforms to its alert list for operating without licenses, raising concerns over investor safety.
Read moreTON ecosystem scams on the rise: How to stay safe
As the TON blockchain is open-source and permissionless, individual users and projects must be careful to ensure their own safety.
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FTC Warns: Social Media Investment Scams on the Rise
The U.S. Federal Trade Commission (FTC) has warned consumers about a surge in social media investment scams, especially in cryptocurrency. These scams involve fraudulent messages
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