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Author Topic: Fake Bella protocol on Uniswap.  (Read 161 times)
The Cryptovator (OP)
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September 09, 2020, 03:04:38 AM
Last edit: September 09, 2020, 03:55:43 AM by Coolcryptovator
Merited by tvplus006 (1), Jawhead999 (1)
 #1

Original website of Bella protocol is https://bella.fi and Binance Launchpool is here. According to their official telegram group, still they hadn't published their contract address and they are not selling their token any other platform except Binance.

But its noticed that fake Bella protocol selling on the Uniswap exchange. Here is the exchange link: https://uniswap.info/token/0x52D111ba55f581635542c9a6533bD54a945E0ceA
Archived: https://archive.is/gFm6B

Guys stay away from scammers and don't be greedy.

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Yogee
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September 09, 2020, 03:49:10 AM
 #2

How easy it is to create a token on top of the ethereum blockchain is both good and bad. Scammers are definitely taking advantage of the upcoming Bella hype which will be traded on BSwap.

One thing we can do as a community is report them to sites like https://cryptoscamdb.org/report or leave a comment on etherscan. I know etherescan also puts a label on tokens used in phishing scams. It would be great to see them tag copycats by putting something like "fake version of token xxx" warning too.

R


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cryptoaddictchie
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September 09, 2020, 04:52:25 AM
 #3

But its noticed that fake Bella protocol selling on the Uniswap exchange. Here is the exchange link: https://uniswap.info/token/0x52D111ba55f581635542c9a6533bD54a945E0ceA
This is to be expected. The launchpool was launched today and now there are fake bella token roaming around uniswap. I always noticed how those projects trying to camouflage on the actual project while still run.

I remember other projects which has a lot of uniswap pools and trading but the project even launched yet their own contract.

Scammers are definitely taking advantage of the upcoming Bella hype which will be traded on BSwap.
The only thing we can do is to dessiminate information but I believe only fools will be trick by these uniswap approach. Since bella did their pool on binance people already assume many fake ones entering majority of pump and dump group to shill this.

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tvplus006
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September 09, 2020, 09:18:45 PM
 #4

It is very easy to place a fake token on Uniswap. And the only way to determine this was to check the contract. But since Bella Protocol has not published it yet, it will not be possible to verify the authenticity of BEL. By the way, scammers offer their fake Bel token on Uniswap at a price of $0.0087, while the price of the initial placement on the Binance is $0.75. I am sure that many will be deceived by scammers who use hype around Launchpool on Binance.

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Yogee
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September 10, 2020, 03:28:10 AM
 #5

Scammers are definitely taking advantage of the upcoming Bella hype which will be traded on BSwap.
The only thing we can do is to dessiminate information but I believe only fools will be trick by these uniswap approach. Since bella did their pool on binance people already assume many fake ones entering majority of pump and dump group to shill this.
Not "only" but one of the things and I've already said the other things we can do. I would not underestimate people's ignorance and gullibility. The reason why scammers in the crypto space exist is because they are still fooling somebody. It may not be now but you never know when you'll gonna see someone post scam stories here or on other platforms like reddit or twitter.

R


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cryptoaddictchie
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September 10, 2020, 08:05:44 AM
 #6

scammers offer their fake Bel token on Uniswap at a price of $0.0087, while the price of the initial placement on the Binance is $0.75. I am sure that many will be deceived by scammers who use hype around Launchpool on Binance.
From this, we can say already that this is totally faked. I wonder how many users have been fooled by the uniswap version. Damn that dex has been abused by a lot of scammers. I hope uniswap can make some restrictions or way to prevent scammers with this approach.

The reason why scammers in the crypto space exist is because they are still fooling somebody. It may not be now but you never know when you'll gonna see someone post scam stories here or on other platforms like reddit or twitter.
Actually some of those scammed people are not actually noob but they are just betting their way to earn profits on scam. They knew at the beginning that the project could be a scam but they often bet some money on it provided that a certain pump will happened due to hype.

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September 10, 2020, 12:33:31 PM
 #7

Original website of Bella protocol is https://bella.fi and Binance Launchpool is here. According to their official telegram group, still they hadn't published their contract address and they are not selling their token any other platform except Binance.

But its noticed that fake Bella protocol selling on the Uniswap exchange. Here is the exchange link: https://uniswap.info/token/0x52D111ba55f581635542c9a6533bD54a945E0ceA
Archived: https://archive.is/gFm6B

Guys stay away from scammers and don't be greedy.


It's easy to register a token especially if they are opensource or their publicity is so wide that some scammers could use their ideas/name of project to be registered in a certain token exchange. But still, is there really people that trusts tokens nowadays? I thought bounties and projects are already dead back then, after a lot of scammers had been scamming huge investors with their fradulent projects. Even DeFi projects can have the same. And Uniswap for a token exchange? Better wait for a token to be listed on trusted exchanges or just wait for the volume to increase, than to lose.

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