Bitcoin vs. gold is a modern debate on value storage. Gold, a physical asset, has centuries of trust and inherent value. Bitcoin, a digital innovation, offers decentralization, scarcity, and ease of transfer.
Bitcoin is hailed as "digital gold" for its capped supply and borderless nature. However, it faces volatility and regulatory uncertainty. Gold is stable and tangible but less portable.
While gold represents traditional security, Bitcoin symbolizes technological potential. The future may see both coexisting, serving different roles in a diversified portfolio. The choice depends on one's trust in physical history versus digital innovation.
Following a period of downward pressure, the cryptocurrency market is displaying early signs of a potential rebound. This phase is crucial for assessing the underlying strength and resilience of digital assets.
A rebound typically occurs when buying interest re-emerges after a significant decline, suggesting that investors perceive current prices as attractive for entry. It represents a critical test for market sentiment, indicating whether recent lows can hold as a solid support level.
Successful rebounds are often fueled by a combination of technical factors, such as oversold conditions finding support, and renewed fundamental confidence. While not guaranteed to reverse a long-term trend immediately, a strong rebound can establish a foundation for stability and gradual recovery. It allows the market to consolidate, rebuild momentum, and potentially attract fresh capital looking for value opportunities.
For traders and investors, monitoring volume and price action during this phase is essential to distinguish between a temporary bounce and the beginning of a more sustainable recovery.
🚨 The $0 Heist: How Scammers Use Fake Tokens to Rob Your Wallet (My Story)
We are used to hearing warnings about phishing via WhatsApp, messages, fake links, and emails, and we know how to deal with and warn against them. But have you ever experienced a phishing attempt via a token? Today, while checking my Web3 wallets, I noticed three unsolicited incoming transfers in the history of one wallet without my knowledge (I did not participate in any on-chain activity, nor was this token distributed as an airdrop or giveaway, nor did I exchange any token with anyone to receive this currency).
I had read about this type of token before, but this was my first direct experience with this kind of phishing. I’d like to share it to raise awareness and caution.
1. The tokens exists on the Plasma network and uses a website as its name . 2. This fake token only appeared in my wallet after I clicked "Add Token" – Binance had actually blocked this fake currency because the sender’s address was flagged as phishing and fraudulent. Of course, with my strong knowledge and understanding of what I was doing, I added it to test this type of phishing! I do not recommend experimenting at all – you are just one click away from being scammed !
3. After adding the token to my wallet, it appeared with a value = 0, an unfamiliar name, and a huge quantity!
I went to blockchain scan sites to research the contract address that sent me these tokens (it was sent from 3 different addresses).
I found that the same amount of fake tokens had been sent to a large number of wallets, and fortunately for me, I was one of them. Why fortunately? Because I actually wanted to test this method, understand it up close, and warn others about it. And also – importantly – I discovered which close person shared my wallet address! How? I keep a record of all my blockchain interactions with people for various reasons, but this wasn't one of them 😂
Now, after reviewing the sender’s address transactions and the addresses that funded it, I found a large number of wallets sending phishing tokens. They allocate a small amount of money to pay the Network fee and wait until someone accepts these fake tokens (they assume the person will try to sell or send them). The moment the person interacts with the token, they receive a request to "Approve" the token to send it.
And here lies the disaster: When you grant approval, you have given it permission to access your funds. Some malicious contracts allow unlimited withdrawal from the wallet. The result: All your money can be withdrawn within seconds (or, the scammer might not withdraw immediately but keeps the permission to control your funds until you deposit large amounts – scammers can wait for weeks or months to get the largest amount possible). This means the scammer relies on your curiosity, greed, and lack of knowledge.
But the important point here is monitoring approvals regularly (you should revoke any approval you did not authorize or any dApp you did not enable).
And here we come to a website that appears as the token’s name (#RedFlagAlert – do not visit the site at all). When opening this site – which is 100% fraudulent – it will ask you to connect your wallet to claim a large sum (to tempt you and cloud your judgment) and will then ask for your wallet keys (remember: no official site ever asks for your private keys or seed phrase – connecting a wallet to sites is done via approval inside the wallet application itself).
Here, we move from fraud via a malicious contract to fraud via theft of your wallet keys and complete access to your assets. Even if you make any mistake out of ignorance, you can still transfer your assets if you are aware and know about the possibility of being scammed. Why? Because scammers have a large number of targets and thus follow a periodic schedule to check target wallets. You might give them your keys, but no transfer occurs without your knowledge – here you are lucky because your turn hasn’t come yet 😂🤞🏻 4. If you had things like this, the best and safest approach is simple: · Long-press the suspicious token in your wallet · Select "Hide Token" or "Ignore" · Never interact with it again 🔶️ Therefore, you must always be cautious, monitor approvals, and consider using a keyless wallet like Binance’s keyless option, as it is safer for the user. And pursue continuous learning – direct your curiosity toward subjects and matters you are unfamiliar with, always. 👌🏻 #SAFU🚩 #ScamAlert
1 Trillion Tokens, 46M Holders, 95M Transfers: Exposing the Industrial-Scale Spam on Plasma Network
The Unexpected Discovery
Yesterday, while conducting my routine wallet maintenance across multiple Web3 platforms, I stumbled upon something unsettling in one of my wallet histories: three unauthorized token transfers that I never requested or expected. These weren't from any airdrop I participated in, nor from any transaction I initiated. They simply appeared, uninvited and unexplained, on the @Plasma network.
The Investigation Process
My curiosity shifted to concern, prompting a deeper investigation. Using Plasmascan (the official Plasma blockchain explorer), I uncovered alarming details about these suspicious tokens.
What I found:
1. Massive Spam Operation: One token contract was reported as spam with over 46 million holders and 95 million transfers - clear evidence of a widespread spam campaign. 2. Phishing Addresses: Sender addresses were flagged with explicit phishing warnings like "Fake_Phishing1711544" on Plasmascan.
The Shocking Scale
The numbers tell a frightening story:
· 1,000,000,000,000 tokens in total supply · 46,094,693 holders affected · 95,536,337+ transfers recorded · All from addresses marked with phishing warnings
Why This Matters
This incident highlights critical points for blockchain security:
1. Transparency is Powerful: Open ledgers allow immediate scam verification 2. Scale of Threat: This is industrial-scale spamming, not isolated incidents 3. Explorer Importance: Tools like Plasmascan are essential for due diligence
The Protection Protocol
From this experience, I developed a clear action plan:
✅ Step 1: Always check unknown tokens on blockchain explorers ✅ Step 2: Look for "Spam" or "Phishing" warnings ✅ Step 3: Never approve interactions with flagged tokens ✅ Step 4: Use "Hide Token" feature immediately ✅ Step 5: Report suspicious tokens to help the community
Community Responsibility
The $XPL ecosystem's security depends on our collective vigilance. When blockchain users:
· Report suspicious activities promptly · Share warning signs with others · Educate newcomers about verification tools · Verify before trusting any unsolicited token
Final Thoughts To everyone navigating the Web3 space: Your wallet's security starts with awareness. These spam campaigns aren't random - they're calculated attacks. The tools exist, the data is public, and the choice to verify is in your hands.
Remember: If you didn't request it, research it. If it looks suspicious, hide it. If warnings exist, believe them. Together, we can build safer blockchain ecosystems.
ok so you see this crypto token with a supply of two point zero nine quadrillion like come on man thats an insane number nobody needs that many coins in existence its literally more than all the sand grains maybe just way too many and then the audit report shows a blacklist function right in the smart contract that is the biggest red flag ever it means the people who made it can block any wallet address from selling they can just decide you cant trade your own coins it completely defeats the whole point of decentralized money its pure central control and a classic scam setup if you see a token with a crazy huge supply and a blacklist feature just run away immediately its designed to trap people they let you buy but they can stop you from selling and take everything its that simple and very dangerous always check the audit results before you even think about buying something new
🚨 The $0 Heist: How Scammers Use Fake Tokens to Rob Your Wallet (My Story)
We are used to hearing warnings about phishing via WhatsApp, messages, fake links, and emails, and we know how to deal with and warn against them. But have you ever experienced a phishing attempt via a token? Today, while checking my Web3 wallets, I noticed three unsolicited incoming transfers in the history of one wallet without my knowledge (I did not participate in any on-chain activity, nor was this token distributed as an airdrop or giveaway, nor did I exchange any token with anyone to receive this currency).
I had read about this type of token before, but this was my first direct experience with this kind of phishing. I’d like to share it to raise awareness and caution.
1. The tokens exists on the Plasma network and uses a website as its name . 2. This fake token only appeared in my wallet after I clicked "Add Token" – Binance had actually blocked this fake currency because the sender’s address was flagged as phishing and fraudulent. Of course, with my strong knowledge and understanding of what I was doing, I added it to test this type of phishing! I do not recommend experimenting at all – you are just one click away from being scammed !
3. After adding the token to my wallet, it appeared with a value = 0, an unfamiliar name, and a huge quantity!
I went to blockchain scan sites to research the contract address that sent me these tokens (it was sent from 3 different addresses).
I found that the same amount of fake tokens had been sent to a large number of wallets, and fortunately for me, I was one of them. Why fortunately? Because I actually wanted to test this method, understand it up close, and warn others about it. And also – importantly – I discovered which close person shared my wallet address! How? I keep a record of all my blockchain interactions with people for various reasons, but this wasn't one of them 😂
Now, after reviewing the sender’s address transactions and the addresses that funded it, I found a large number of wallets sending phishing tokens. They allocate a small amount of money to pay the Network fee and wait until someone accepts these fake tokens (they assume the person will try to sell or send them). The moment the person interacts with the token, they receive a request to "Approve" the token to send it.
And here lies the disaster: When you grant approval, you have given it permission to access your funds. Some malicious contracts allow unlimited withdrawal from the wallet. The result: All your money can be withdrawn within seconds (or, the scammer might not withdraw immediately but keeps the permission to control your funds until you deposit large amounts – scammers can wait for weeks or months to get the largest amount possible). This means the scammer relies on your curiosity, greed, and lack of knowledge.
But the important point here is monitoring approvals regularly (you should revoke any approval you did not authorize or any dApp you did not enable).
And here we come to a website that appears as the token’s name (#RedFlagAlert – do not visit the site at all). When opening this site – which is 100% fraudulent – it will ask you to connect your wallet to claim a large sum (to tempt you and cloud your judgment) and will then ask for your wallet keys (remember: no official site ever asks for your private keys or seed phrase – connecting a wallet to sites is done via approval inside the wallet application itself).
Here, we move from fraud via a malicious contract to fraud via theft of your wallet keys and complete access to your assets. Even if you make any mistake out of ignorance, you can still transfer your assets if you are aware and know about the possibility of being scammed. Why? Because scammers have a large number of targets and thus follow a periodic schedule to check target wallets. You might give them your keys, but no transfer occurs without your knowledge – here you are lucky because your turn hasn’t come yet 😂🤞🏻 4. If you had things like this, the best and safest approach is simple: · Long-press the suspicious token in your wallet · Select "Hide Token" or "Ignore" · Never interact with it again 🔶️ Therefore, you must always be cautious, monitor approvals, and consider using a keyless wallet like Binance’s keyless option, as it is safer for the user. And pursue continuous learning – direct your curiosity toward subjects and matters you are unfamiliar with, always. 👌🏻 #SAFU🚩 #ScamAlert