Certik questions authenticity of Telegram bot tokens following TON-based wallet launch

September 14, 2023 05:49 PM AEST | By Invezz

Certik questions authenticity of Telegram bot tokens following TON-based wallet launch — Image source: Invezz

Telegram bot tokens prompt rug pulls warning

Telegram trading bots use specific rules to conduct trades on decentralized exchanges (DEXs). Certik cautioned users about the hyped Telegram bot tokens, citing augmented rug pull frauds.

The company stated that over 40% of these assets could be exit scams. It added that these tokens have increased in popularity since 20 July, with gains of over 1000%.

Certik believes the initial success of projects such as UNIBOT fuels Telegram bot tokens. UNIBOT price surged approximately 1,300% following its listing. That saw it hitting its $90 all-time high before sliding to a press time value of $74. The alt gained 1.59% over the last day and remained in green during this publication.

Telegram’s TON-based self-custodial wallet

Certik’s warning follows Telegram’s launch of a TON-based self-custodial wallet on 13 September. As invezz.com revealed, the move aimed to give customers complete control over their virtual asset investments.

As seen here, TON Space will attract Telegram’s 800M users, which is a huge boost for web3 adoption.

Identifying Telegram crypto scams

You can use a few strategies to identify potential Telegram crypto scams. First and foremost, fraudsters will often impersonate known individuals to solicit money from their victims. Secondly, they make people panic with frequent messages, leading to emotional decisions.

Moreover, scammers aren’t professional, often using broken English. These signs are enough to tell you something isn’t right about that hyped giveaway in Telegram.

The post Certik questions authenticity of Telegram bot tokens following TON-based wallet launch appeared first on Invezz.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.