Binance’s Red Alarm list on DappBay has flagged 70+ crypto projects as scams – with manipulated smart contracts.
The new service launched by Binance exchange states:
‘The following projects have been assessed to be untrustworthy and carry extremely high levels of risks.’
Binance Red Alarm List
In total 77 projects are listed, including meme coins, DeFi tokens, move to earn cryptos, fan tokens and other types of low market cap altcoins – all fake.
Under each is displayed a message such as that above, or a longer description such as this for Baby7 Dao token:
The full list of crypto scam projects identified by Binance is as follows. Some scam tokens even named themselves similarly to Binance, but are not affiliated with the exchange or its native token BNB:
- Agera Finance
- Alrihla Crypto
- BNB Miner
- BNB Yield
- Baby Luna
- Baked Beans
- Balance Network
- Beep Staking
- BinanceWeb 3
- Cheems Cat
- Crypto Worms
- Cyborg Stables
- Day of rights
- EraDex Labs
- FORSAGE Official
- Farmer Shiba
- Fite App
- Forest Tiger
- French Football
- Grinch Bucks
- Koala’s World
- Lez Coin
- Lucky Cat
- Lucky Squid Game
- MY FARM PET
- MetaMax Online
- Neoteric Finance
- Neuron Chain
- Panda Pets
- Safe Zone
- Smart Chain Defi
- Solana Farm
- The BNB Crops Farmer
- The BUSD Crops Farmer
- TikTak Token
- WEB DAO
- Walky World
- Waterfall Finance
- ZILLION AAKAR XO
Read more details on each of the above scams at dappbay.bnbchain.org/red-alarm.
‘Rug pulls’ or similar scams where investors buy into a seemingly popular and legitimate asset they see pumping on a DEX then can’t sell are common.
We recently covered 3DCoin (3DC) and Bitsubishi (BITSU) which were trending on CoinMarketcap with four figure percentage gains, but buyers were unable to execute sell orders.
We also reported on the warnings surrounding the RoboApe presale which was a scam project, and Big Eyes coin.
Investors are often attracted to new crypto projects on presale, at ICO or recently launched – as they have more upside potential. However the risk of being scammed is also higher.
We’ve reviewed several verified and audited projects here at Business2Community and more can be found on reputable online comparison sites such as cryptopresales.com.
- 10 Best Crypto Presales – Verified Projects
- Bitsubishi – Scam / Rugpull – Biggest Crypto Gainer
- 5 Crypto Giveaway Scams – How to Stay Safe Online
- Cheems Inu Crypto Price Prediction – Tamadoge Better Alternative to CINU?
- Top 12 Cryptos With the Most Potential
Tamadoge - The Play to Earn Dogecoin
- '10x - 50x Potential' - CNBC Report
- Deflationary, Low Supply - 2 Billion
- Listed on OKX, Bitmart, LBank, MEXC, Uniswap
- Move to Earn, Metaverse Integration on Roadmap
- NFT Doge Pets - Potential for Mass Adoption
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