\n
<\/p>\n
Prominent crypto research firm SoSoValue has warned about a bogus token, SOSO, deployed on the Binance Smart Chain (BSC).<\/p>\n
The company clarified that it had not released any official cryptocurrency and urged users to remain cautious to protect their assets.<\/p>\n
SoSoValue\u2019s warning<\/a> came after on-chain analytics platform CoinSpeedrun flagged the fake contract, identified as 0xa484\u20265c8ac9, which is circulating on the BSC network.<\/p>\n It is the second caution the organization has issued in the last 48 hours after another alert on Saturday where it advised followers to be wary of suspicious accounts on X spreading phishing links using posts purporting to sell its spot crypto index protocol, SoSoValue Indices (SSI).<\/p>\n The company, which specializes in AI-driven investment research, recently announced<\/a> that it had secured $15 million in Series A funding, pushing its value to $200 million. The round was co-led by existing shareholders HSG and SmallSpark, with the funds earmarked for boosting the SSI product and protecting the platform and its users from malicious actors.<\/p>\n It is this news that one of the accounts accused of spreading the phony links shared in at least two posts, one written in Polish and another in Japanese.<\/p>\n However, hidden inside the genuine information about the funding was a fraudulent web address, ssi[dot]sosovalue[dot]bet, ostensibly directing users to buy SSI. Analysis of the site revealed it to be a phishing portal that would scam crypto users who clicked on it.<\/p>\n This incident is the latest reminder of how bad actors are increasingly leveraging bogus cryptocurrencies and spoofing schemes to exploit unsuspecting investors.<\/p>\n In December 2024, hackers\u00a0took over<\/a> the X account of Animoca Brands co-founder Yat Siu and used it to promote a fake token on Pump.fun.<\/p>\n Also, in the same month, another crypto investor lost<\/a> more than $300,000 after trying to open a sham work meeting link. According to the individual, the web address was directly messaged to them on X, and upon clicking on it, it appeared non-functional, leading them to dismiss it as harmless. However, the URL secretly installed malware onto the person\u2019s system, compromising their digital wallets and siphoning crypto.<\/p>\n Blockchain detective ZachXBT also previously revealed<\/a> how criminals used phishing emails disguised as urgent messages from X regarding copyright infringement issues to gain control of high-profile accounts on the social media platform. They then utilized the accounts to promote fake Solana meme coins, with unwitting users reportedly losing as much as $500,000 through the scheme.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\nIncreasing Threats<\/h2>\n
\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\n