Prominent crypto research firm SoSoValue has issued a warning about a fraudulent token called SOSO circulating on the Binance Smart Chain (BSC). The company clarified that it had not released any official cryptocurrency and urged users to be cautious. The warning came after CoinSpeedrun flagged a fake contract on the BSC network. This is the second caution from SoSoValue in the past 48 hours, as the company previously warned about suspicious accounts spreading phishing links. SoSoValue recently secured $15 million in funding to protect its platform and users from malicious actors. The incident highlights the increasing use of bogus cryptocurrencies and spoofing schemes by bad actors.



Other News from Today