I saw a token in my wallet which I suspected could be a fake one. On visiting Coinmarketcap to check if the contract address on Coinmarketcap is the same as the one in my wallet, I noticed there was a difference. But that was not the problem, what bothered me most was the striking resemblance of the two contract addresses. There is some noticeable frightening resemblance:
Token Name: CryptoGPT
Blockchain: Binance Smart Chain
Original Contract Address (from Coinmarketcap: https://coinmarketcap.com/currencies/cryptogpt/): 0x153c0c947177e631e3dfc594ba28750d3a921fb5 https://bscscan.com/address/0x153c0c947177e631e3dfc594ba28750d3a921fb5
Fake Contract Address (Fake token sent to my wallet): 0x513C285CD76884acC377a63DC63A4e83D7D21fb5 https://bscscan.com/address/0x513c285cd76884acc377a63dc63a4e83d7d21fb5
On comparing the two: you notice the last five digits of the two addresses are the same. There is also some similarity on the four digits after the 0x at the beginning of the addresses. Also there is a ‘77’ somewhere between the addresses. The striking resemblance marvelled me and I decided to share this experience to alert both newbies and experienced. Interacting with a malicious token may lead to loss of tokens in your wallet. Please share your comments. Perhaps some of you already have such experience?
