🚨 Real Trump Coins Denies GOLD Token Launch, Blames Bad Actors
The official Real Trump Coins project has denied launching or authorizing the GOLD token on Solana. This follows a weekend where the token was promoted across the project's X account and official website before the posts were deleted and the domain was changed.
Blockchain analytics firm Lookonchain reported that the launch was highly concentrated, with the developer and 15 linked wallets controlling over 82.45% of the supply. These wallets reportedly sold their holdings for a $312,000 profit, leading to a rapid price collapse.
The project blames "third-party bad actors" for the incident and claims to be working with authorities. However, confusion remains among investors as both the verified X account and the RealTrumpCoins.com domain were used to advertise the token simultaneously.
#Trump #Solana #CryptoScam #GOLD
The official Real Trump Coins project has denied launching or authorizing the GOLD token on Solana. This follows a weekend where the token was promoted across the project's X account and official website before the posts were deleted and the domain was changed.
Blockchain analytics firm Lookonchain reported that the launch was highly concentrated, with the developer and 15 linked wallets controlling over 82.45% of the supply. These wallets reportedly sold their holdings for a $312,000 profit, leading to a rapid price collapse.
The project blames "third-party bad actors" for the incident and claims to be working with authorities. However, confusion remains among investors as both the verified X account and the RealTrumpCoins.com domain were used to advertise the token simultaneously.
#Trump #Solana #CryptoScam #GOLD
🚨 SEC Exposes $130 Million Crypto Fraud Using Official Filings
The SEC has filed a lawsuit against BG Wealth Sharing and DSJ Exchange for allegedly orchestrating a $130 million crypto investment scam. The defendants used the SEC's own public databases to trick tens of thousands of investors into believing the firms were government-authorized.
The scheme promised monthly returns of at least 60% and claimed investors could double their money in 40 days without risk. To appear legitimate, the companies submitted false Form ADV and Form D filings to the EDGAR system, which they then showed to victims as proof of licensing.
#SEC #CryptoScam #Regulation #Blockchain
The SEC has filed a lawsuit against BG Wealth Sharing and DSJ Exchange for allegedly orchestrating a $130 million crypto investment scam. The defendants used the SEC's own public databases to trick tens of thousands of investors into believing the firms were government-authorized.
The scheme promised monthly returns of at least 60% and claimed investors could double their money in 40 days without risk. To appear legitimate, the companies submitted false Form ADV and Form D filings to the EDGAR system, which they then showed to victims as proof of licensing.
#SEC #CryptoScam #Regulation #Blockchain