AICrashOrComeback

$TON

Recently, a series of Telegram bots such as Tomarket, Not Pixel, Lost Dogs, Pixelverse, Major, and X Empire have been causing turmoil in the crypto space. These bots falsely promised users the opportunity to achieve "generational wealth" by playing games and making donations in USDT or TON. The bots were mi$TON sleadingly marketed as part of the TON Blockchain ecosystem, leading many to believe they were legitimate opportunities.

The Scam Unfolds

1. Misleading Promises: These bots enticed users with unrealistic returns, prompting donations in the form of USDT or TON in exchange for high rewards.

2. Donations: Unsuspecting users were encouraged to donate, expecting to see significant profits.

3. Poor Returns: Instead of the promised returns, users faced poor payouts, with many losing as much as 90% of their contributions.

4. Exploiting Trust: The bot operators took advantage of the trust within the Telegram community, failing to fulfill their promises and damaging the reputation of the platforms they used.

Promotion by TON Blockchain

1. False Affiliation: These scams were associated with the TON Blockchain, giving users a false sense of security that these were legitimate ventures.

2. Oversight Concerns: The promotion of these bots raises serious questions about the vetting process within the TON Blockchain ecosystem and the lack of oversight to prevent such fraudulent activities.

Consequences and Impact

1. Financial Losses: Many users lost substantial amounts of money, with reports of losses reaching as high as 90%.

2. Erosion of Trust: The scam has significantly damaged trust within the Telegram community, making it more difficult for genuine projects to gain credibility.

3. Reputation Damage: The involvement of the TON Blockchain in the promotion of these scams has hurt its reputation, along with potentially harming Telegram’s image as a platform for legitimate projects.

Takeaways

1. Exercise Caution: If an investment opportunity seems too good to be true, it's likely a scam.

2. Do Your Due Diligence: Always thoroughly research and verify the legitimacy of any project before committing funds.

Considering these events, many believe the value of $TON should be re-evaluated. It’s crucial to stay vigilant and avoid investing in the TON Blockchain if you want to safeguard your hard-earned money from similar fraudulent schemes.

A blockchain address labeled GnosisSafeProxy has moved more than 3.36 trillion Shiba Inu (SHIB) tokens to an unidentified blockchain wallet. 💳
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WRITTEN BY:
LELE JIMA

Leading crypto tracking service Whale Alert brought the public’s attention to the transaction that occurred yesterday.
Transaction Details
According to an X post, GnosisSafeProxy moved a total of 3,368,549,976,020 (3.36 trillion) SHIB tokens to an unlabeled blockchain wallet. The transaction, which occurred yesterday at 12:25 p.m. (UTC), was valued at around $51.15 million.

Following the transaction, the sending wallet now has a zero SHIB balance. On the contrary, the recipient address currently has a balance of 3.36 trillion SHIB tokens. Notably, SHIB represents the largest asset by dollar value in the recipient wallet, which currently holds three cryptos, including 13,381 ETH ($35.2 million).
At press time, the rationale behind this transaction remains unclear at press time. Nonetheless, this large SHIB movement could be part of an effort by the sender to redistribute their funds to another blockchain address for security purposes. It could also be a private transaction initiated outside an exchange between two parties.
Another Significant SHIB Movement
Per data from Whale Alert, the last time Shiba Inu recorded such a significant movement was on February 5. At the time, an unknown user withdrew 1,239,940,928,235 (1.23 trillion) SHIB tokens from the Kraken crypto exchange to an unidentified wallet. This type of transaction suggests that the receiver intends to hold the tokens for the long term.
Meanwhile, the development comes hours after LACHAKARI reported that large Shiba Inu holders are increasing their holdings. According to the report, these crypto whales have amassed a whopping 6.33 trillion SHIB tokens since the beginning of this year. Notably, 840 billion tokens out of this amount were accumulated in February alone.
In the meantime, Shiba Inu has continued to trade in bearish territory, marking a 20.88% dip in the past seven days. At press time, SHIB is valued at $0.00001512 per token, down 0.86% over the past 24 hours.

SHIB’s trading volume has plunged 10.75% in the past day to $328.06 million. It is ranked as the 17th largest cryptocurrency on CoinMarketCap, boasting a valuation of $8.92 billion.
DisClamier:
This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect LACHAKARI opinion. Readers are encouraged to do thorough research before making any investment decisions. LACHAKARI is not responsible for any financial losses.
$SHIB
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