The cryptocurrency research company SoSoValue has warned about a fake token, SOSO, deployed on the Binance Smart Chain (BSC).

- SoSoValue claims to have not issued any official cryptocurrency and urges users to exercise caution to protect their assets.
- This warning was issued after CoinSpeedrun discovered the fake contract 0xa484…5c8ac9 circulating on the BSC network.
- This is the second warning in the past 48 hours, after the company advised followers to be cautious of suspicious accounts on X spreading scam links.

🚨 This warning is the latest reminder of how bad actors exploit fake cryptocurrencies to defraud investors.