On July 24, 2023, Blockchain security firm PeckShield detected multiple fake Worldcoin Tokens amid the recent launch of OpenAI CEO Sam Altman’s ambitious crypto project.
The firm identified two fake Worldcoin tokens circulating on the Ethereum network, which experienced a drastic fall of -100% in value.
It quickly became evident that it was a rug pull, causing severe risks to unrecognized investors.
The user address 0x477aF2 was involved with well-known crypto platforms SimpleSwap and MEXC. Further investigation revealed that the criminal had initially funded the fake Worldcoin token with a considerable amount of 161.6 ETH, from the MEXC exchange.
This analysis highlights the possible connections between fake tokens and illegal activities happening on cryptocurrency exchanges.
Experts team of Peckshield discovered suspicious activity surrounding the fake Worldcoin and took immediate actions to alert the crypto community.
The fake token was linked to an Ethereum address with the label 0x0e51903062124e1ba29723fedc811284b6151502 on the Ethereum blockchain. Users should avoid transactions involving this address and associated tokens.
Peckshield also discovered another false Worldcoin token identified as “$WLD.” The fake Worldcoin was deployed within the last hour and the deployer originally funded it with 1 $ETH from the crypto platform Rollbit.
