On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
The famous Wallstreetbets (WSB) Reddit forum has made headlines again in the cryptocurrency community, but this time around, it’s not because of ban-related topics or endorsements on a digital asset. Some WSB members reportedly fell into a crypto scam which has left people with millions of dollars in losses.
Fraudsters Promoted a Fake Coin Named ‘WSB Finance’
According to BNN Bloomberg, a bogus Telegram account named “WallStreetBets – Crypto Pumps” has been offering a fake token called “WSB Finance” that was designed by the WSB team, which is not true.
In fact, fraudsters claimed that users could have the chance to acquire the coin before it gets listed on exchanges. To make the acquisition possible, victims sent binance coin (BNB) or ethereum (ETH) to a wallet.
Afterward, they should contact right away to a “token bot” to get their WSB Finance virtual currencies. However, things started to get shady when people received messages notifying them about a “problem with the bot.”
In order to sort it, victims should arrange another payment with an equal amount, or they were at risk of losing their investment. That said, people took over Telegram groups to complain and warn other WSB members to stay away from such fraudulent schemes.
Over 3,400 BNB Were Recovered From the Scammers Wallet
As of press time, while binance coin (BNB) is exchanging hands at $636.86 per markets.Bitcoin.com data, over 3,450 BNB coins have been recovered from the wallet used by the scammers, according to BNN Bloomberg, citing data from Bscscan.
Also, the fraudulent’s Telegram group has been taken down, allegedly leaving individuals with approximately $2 million in losses, according to the latest reports.
Wallstreetbets admins had already warned the community about impersonators using their name to run scams or for spam purposes to promote bogus products and websites.
In April, WSB moderators reinstated the ban on crypto discussions related to bitcoin (BTC), ethereum, and dogecoin (DOGE), citing a Bloomberg article talking about them, which they considered as a “dumb” one.
What do you think about this recent scam impersonating Wallstreetbets? Let us know in the comments section below.
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