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The Treasure NFT scam refers to fraudulent activities related to Treasure, an NFT-based gaming ecosystem on the Arbitrum blockchain. Several scams and exploits have targeted Treasure and its users. Here are some of the most notable cases:

1. TreasureDAO Exploit (March 2022)

One of the biggest incidents was a hack on the Treasure marketplace, where an attacker exploited a zero-price listing bug to steal high-value NFTs for free. The attacker drained NFTs worth millions of dollars, including rare items from the "Bridgeworld" game. However, in a surprising turn, most of the stolen NFTs were returned.

2. Fake Treasure NFT Projects

Scammers often create fake projects using the Treasure brand name to lure investors. They may promise exclusive NFT drops, staking rewards, or early access to games but disappear after collecting users' funds.

3. Phishing & Fake Airdrops

Fake TreasureDAO websites trick users into connecting their wallets, leading to fund theft.
Bogus airdrops claim to distribute $MAGIC tokens (TreasureDAO’s native currency) but instead drain wallets.

How to Stay Safe from Treasure NFT Scams

Verify official sources: Only interact with TreasureDAO’s official website and Discord.
Double-check smart contracts: Use trusted blockchain explorers before approving transactions.
Avoid unsolicited messages: Scammers often DM users pretending to be from TreasureDAO.

If you're looking into Treasure NFTs, always DYOR (Do Your Own Research) and be cautious of anything that seems too good to be true. Need help verifying something specific?

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Elon Musk, CEO of Tesla and SpaceX, has been a prominent advocate for Dogecoin, often using his social media platforms to express support for the cryptocurrency. His tweets and public comments have historically led to significant fluctuations in Dogecoin's market value. For instance, in December 2020, Musk's tweet stating "One Word: Doge" resulted in a 20% surge in Dogecoin's price. Similarly, his April 2021 tweet featuring the phrase "Doge Barking at the Moon" corresponded with a more than 100% increase in the cryptocurrency's value.

In November 2024, President-elect Donald Trump appointed Elon Musk to lead the newly established Department of Government Efficiency (DOGE). This announcement coincided with a notable spike in Dogecoin's market value, reflecting the cryptocurrency's sensitivity to Musk's public engagements and the acronym's resemblance to Dogecoin's ticker symbol.

As of March 19, 2025, Dogecoin is trading at approximately $0.166256, experiencing a slight decrease of 0.04526% from the previous close. The cryptocurrency reached an intraday high of $0.174903 and a low of $0.163117.

While Musk's involvement with DOGE has influenced Dogecoin's market dynamics, it has also attracted criticism. Some investors express concern that his focus on DOGE may divert attention from his other ventures, such as Tesla. For example, Christopher Tsai, president and CIO of Tsai Capital, hopes Musk's involvement with DOGE is temporary, allowing him to dedicate more time to his businesses, especially Tesla.

In summary, Elon Musk's public endorsements and recent governmental role have significantly impacted Dogecoin's market performance, underscoring the cryptocurrency's volatility and the influence of high-profile figures on its valuation.