There is a scam on the SOL chain that may become active in the near future with the hype of USD1 The routine of the whole scam is as follows: 1. Choose an influential wallet address (like the address of a big V). 2. Create an ATA to make it look relevant to the new token. 3. You can even make a transaction to send tokens to this ATA. 4. On Solscan, the address of this big V seems to be involved in the issuance or claim of tokens. 5. Spread the news: "So-and-so project once had 100m and came to open the plate again this time, get on the bus!" 6. Everyone FOMO (fear of missing out), rushed into the pool to buy, and finally the project team ran away In fact, the real signed address is not the address of the previous disk dev, but the scammer himself, as long as you carefully look at the transaction details and check the signature address (signer), you can find the problem. ATA refers to the "Linked Token Account" in the Solana ecosystem, and its function is that when each wallet address holds SPL tokens (similar to ERC-20) on Solana, there needs to be a corresponding ATA to store the token. For example, if your wallet address A holds token X, it creates a unique ATA dedicated to token X, Scammers can create ATA for an address and interact with it so that it looks as if the address initiated a transaction on Solscan, but in fact the signature was not made by that address, Therefore, the hash and address displayed on Solscan alone cannot fully prove that this address is really minting, because it may be someone else who helped it create an ATA, creating the illusion that it is the developer address that is operating, especially those who have not carefully checked the signature address, only look at the transaction records on Solscan, not the signature, ATA can be created by anyone, which is very misleading. FOMO psychology + low threshold operation = efficient spread of scams How to prevent fraud? Always check the signature address, on Solscan, open the transaction details, find the signers, if the signature is not the address of the project party, then it is not operated by himself
Show original
31.93K
20
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.