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M Neiro project on Ethereum ‘is a honeypot’ — Wazz

$31M Neiro project on Ethereum ‘is a honeypot’ — Wazz

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Source: Coin Telegraph

It’s unclear at this time whether illicit activity has taken place, but a series of red flags has brought the token under scrutiny.

Independent blockchain sleuth Wazz posted a public warning on July 28 that the “biggest $Neiro token on Ethereum is a honeypot.” 

Up front: our preliminary investigation remains inconclusive as of the time of this article’s publication. However, the post from Wazz does indicate several visible red flags with the project. We’ve so far been unable to find contact information for the developer(s) behind the token.

Per Wazz, whose past sleuthing accolades include being the first to spot the $870,000 hacking of billionaire Mark Cuban’s hot wallets, a particular Neiro meme token with an Ethereum blockchain address of “0x3ad4f189f08cdc60496eeBb3bd70B90dF28B7455” is a honeypot scam:

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Author: Tristan Greene