Prominent crypto research firm SoSoValue has warned about a bogus token, SOSO, deployed on the Binance Smart Chain (BSC).
The company clarified that it had not released any official cryptocurrency and urged users to remain cautious to protect their assets.
Scammers Use Funding News to Lure Victims
SoSoValue’s warning came after on-chain analytics platform CoinSpeedrun flagged the fake contract, identified as 0xa484…5c8ac9, which is circulating on the BSC network.
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).
The company, which specializes in AI-driven investment research, recently announced 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
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