Binance warns of fake payment scam using counterfeit tokens
- —Counterfeit tokens copy the name, logo and dollar value of real assets in wallets
- —Launching a fake token costs $2,000–5,000 in liquidity via memecoin platforms
- —One victim sold a TikTok account for 0.9 BNB and received unusable fake BNB
- —Binance urges users to verify the network and contract address before delivering goods
Why it matters: The scam targets peer-to-peer deals outside exchanges, where recipients rarely check the token contract and lose goods with no way to recover funds.
Source: Digital Today