Dechat Accidentally Shares Honeypot Scam Link in Token Announcement
New Web3 project Dechat has drawn the wrong kind of attention after unintentionally sharing a honeypot scam link during its token announcement on February 26. This mistake was brought to the project’s notice by popular crypto investigator ZachXBT.
The crypto sleuth shared screenshots showing the Dechat team’s mistake in sharing the wrong smart contract address, leading users to the wrong Pancakeswap V2 platform.
You clowns literally linked a honeypot for your own token launch. pic.twitter.com/ioUYRryMuR
— ZachXBT (@zachxbt) February 26, 2024
One of the screenshots showed the ‘Sell Tax’ capped at 100%, stopping early investors from selling or dumping tokens at the token generation event (TGE). Typically, the TGE allows investors to liquidate their positions.
Subsequently, the Dechat team admitted their mistake and fixed the issue with a secondary tweet stating that the smart contract address issue had been rectified.
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