ACT coin (BSC) suddenly appearing in my wallet

[AHOYBRAUSE]

Yesterday I checked my wallet and saw that some random coin/token has been sent to my usdt address.
I can't really find info about the coin and have no clue why it was sent to me, it's very strange.

Did somebody else get this and has any more info?

[Charles-Tim]

This is the coin according to the amount of the coins on your wallet in United States dollars: https://coinmarketcap.com/currencies/acet/

About how you get the coin, I do not know. Just be careful of scam. But the way the coin appeared on your wallet, I think it is real and not fake.

[X-ray]

always try to check the BRC20 smart contract address and match it with the one in CMC, I don't know if this coin is even legit, never heard of it if i'm being honest, but always be careful.

this is the one thing that's really confusing with permissionless smart contract blockchain, anyone can create token that distinguishing real genuine token from airdrop and some shady clone token created by some scammer is really difficult, even more so if the token just pops out in our wallet out of nowhere.

personally i'm myself when in this situation, before interacting with any of such coin, i'd migrate my money to different wallet first to prevent scammers from stealing it.

[malcovi2]

Did somebody else get this and has any more info?

can't comment much. Need the crucial info like the contract address of this token. I doubt it is legit when it is a common way for scammers tricking you into interact your wallet with the contract.

But the way the coin appeared on your wallet, I think it is real and not fake.

shouldn't that be a big red flag?

[AHOYBRAUSE]

Thanks for the replies.

Well this is the address where the transaction came from, apparently it's a Binance hot wallet:

https://bscscan.com/address/0x8894e0a0c962cb723c1976a4421c95949be2d4e3

I am just so confused what this is supposed to be.

[malcovi2]

Thanks for the replies.

Well this is the address where the transaction came from, apparently it's a Binance hot wallet:

https://bscscan.com/address/0x8894e0a0c962cb723c1976a4421c95949be2d4e3

I am just so confused what this is supposed to be.

It's a scam that has been going for yrs now.

The token creator gave themselves permission to transfer it from other wallets because they control the contract of the token. Just ignore the token and do not interact with it.


-

they created a token, sent it to Binance, and then transferred it to you, making it appear as though it was sent by Binance to fool you to interact with the token.

[AHOYBRAUSE]

Thanks for the replies.

Well this is the address where the transaction came from, apparently it's a Binance hot wallet:

https://bscscan.com/address/0x8894e0a0c962cb723c1976a4421c95949be2d4e3

I am just so confused what this is supposed to be.

It's a scam that has been going for yrs now.

The token creator gave themselves permission to transfer it from other wallets because they control the contract of the token. Just ignore the token and do not interact with it.


-

they created a token, sent it to Binance, and then transferred it to you, making it appear as though it was sent by Binance to fool you to interact with the token.

Ah ok, good to know. Thanks!
Just wonder how the actual scam would work.

[Charles-Tim]

The token creator gave themselves permission to transfer it from other wallets because they control the contract of the token. Just ignore the token and do not interact with it.

I have not seen such a scam before despite that I am very active online. But no one can know all. Can you give us a link of where we can read about the scam? I searched online but I was unable to see any scam related to it. What I do not still understand is the token creator that you referred to. Although, the coin marketcap is $49810 right now which is very low, but if the coin is a scam, it ought not to be on Coinmarketcap and Coingecko. Although, I am not implying that it is not a scam either.

[malcovi2]

The token creator gave themselves permission to transfer it from other wallets because they control the contract of the token. Just ignore the token and do not interact with it.

I have not seen such a scam before despite that I am very active online. But no one can know all. Can you give us a link of where we can read about the scam? I searched online but I was unable to see any scam related to it. What I do not still understand is the token creator that you referred to. Although, the coin marketcap is $49810 right now which is very low, but if the coin is a scam, it ought not to be on Coinmarketcap and Coingecko. Although, I am not implying that it is not a scam either.

If you were pretty active on the NFT, defi, memecoins trading this is a common occurrence that people were sharing on telegram and discord groups.
 
https://www.reddit.com/r/PooCoin/comments/py1etb/random_token_got_added_into_my_wallet_and_its/
https://www.reddit.com/r/solana/comments/1bewdoz/random_tokens_appearing_in_my_wallet/

Also im questioning how you came up with the conclusion that is the ACT on CMC when there is no smart contract address shown.

[Nwada001]

Also im questioning how you came up with the conclusion that is the ACT on CMC when there is no smart contract address shown.

Yes, they are not the same token, but they share the same name symbol and different logo. Maybe the reason why the price is showing in the OP's wallet is because of the same name the scam coin shares with the one listed on the CoinMarketCap.
 
Judging from the amount given to the Op and the wallet that sent it, I was able to search and get the contract address of the scam token, which is

Code:

 0xd5da8318cE7ca005E8F5285Db0e750CA9256586e. 

Why the listed token on the coinmarket cap that Charles-Tim shared the link have this contract address

Code:

 0x9F3BCBE48E8b754F331Dfc694A894e8E686aC31D 

[Solosanz]

they created a token, sent it to Binance, and then transferred it to you, making it appear as though it was sent by Binance to fool you to interact with the token.

How it's possible in the first place?

Binance is a centralized exchange, how can someone add their own token on Binance?

Or how can the scammer has access to the Binance's hot wallet address? the possibility is either one of them.

Yes, they are not the same token, but they share the same name symbol and different logo. Maybe the reason why the price is showing in the OP's wallet is because of the same name the scam coin shares with the one listed on the CoinMarketCap.
 
Judging from the amount given to the Op and the wallet that sent it, I was able to search and get the contract address of the scam token, which is

Code:

 0xd5da8318cE7ca005E8F5285Db0e750CA9256586e. 

I think you're correct, they keep sending 60K ACT to many address https://bscscan.com/token/0xd5da8318cE7ca005E8F5285Db0e750CA9256586e

This means Trust wallet is bad, they can't detect fake token, if we check on the explorer, the token has no value.

[Orpichukwu]

they created a token, sent it to Binance, and then transferred it to you, making it appear as though it was sent by Binance to fool you to interact with the token.

How it's possible in the first place?

Binance is a centralized exchange, how can someone add their own token on Binance?

Or how can the scammer has access to the Binance's hot wallet address? the possibility is either one of them.

The scammers don't need the private key to the Binance hot wallet in order to move out the coins from there. The token is designed in such a way that the developer has control over it irrespective of the wallet that holds it, not just this scam token; some other altcoins out there have these features without holders even realising it. Base on how its design the Smart contact controllers have access to transfer, freeze, and do whatever modification they want to the token without needing the permission of the wallet holder.

[malcovi2]

The scammers don't need the private key to the Binance hot wallet in order to move out the coins from there. The token is designed in such a way that the developer has control over it irrespective of the wallet that holds it, not just this scam token; some other altcoins out there have these features without holders even realising it. Base on how its design the Smart contact controllers have access to transfer, freeze, and do whatever modification they want to the token without needing the permission of the wallet holder.

Clearly explained, I am struggling on how I'm going to explain this, as English is not my strong suit.

 

[bitbollo]

...
I think you're correct, they keep sending 60K ACT to many address https://bscscan.com/token/0xd5da8318cE7ca005E8F5285Db0e750CA9256586e

This means Trust wallet is bad, they can't detect fake token, if we check on the explorer, the token has no value.

I have seen many of these scam with altcoin during these years (main chain targetd were ETH and Waves).
The lesson is simple to avoid the scam. Nothing is free. Just not trust any "gift" sent by stranger. If you don't remember some interaction with an ICO or Airdrop in 99% of the case you're just dealing with a scam.
AND massive invoice is another clear sign that you're interacted with a scam.

[BitMaxz]

I have seen many of these scam with altcoin during these years (main chain targetd were ETH and Waves).
The lesson is simple to avoid the scam. Nothing is free. Just not trust any "gift" sent by stranger. If you don't remember some interaction with an ICO or Airdrop in 99% of the case you're just dealing with a scam.
AND massive invoice is another clear sign that you're interacted with a scam.

I've experienced this receiving any random token in my wallet most of them have a value that attracts you to sell them but the fact is all of them are fake not only on my ETH wallet but also on BSC or BEP20 wallets. I have many fake and random tokens in my wallet if you usually share your address publicly I'm sure you will be also targeted by those who randomly sent tokens and want to let you find a way to sell them directly on their phishing site.

That is why I created a new wallet and transferred my funds there because they keep spamming random tokens into my wallet it sometimes have a link some of them like random tokens most of them don't have a link but it's obvious once you find that token in your wallet you will end up looking for exchange where to sell it which is another part of their plan until you found their site via google search and end up with their phishing site.


If you want to avoid such things always check the contract address for verification and compare it to the original one available on Coingecko or CMC and ignore all random tokens because all of them are useless.

[X-ray]

How it's possible in the first place?

Binance is a centralized exchange, how can someone add their own token on Binance?

Or how can the scammer has access to the Binance's hot wallet address? the possibility is either one of them.

I guess they created malicious contract that doesn't comply to BRC20 standard and give the capability for the contract owners to transfer around the token to some random address while still retaining spending approval of the token.

so basically the owner of contract can have backdoor to the contract itself since it's not BRC20 standard compliance and there's some malicious code under the hood to control the brc20 token transfer even though the token is owned by certain address to transfer it to another address to create illusion as if the sender is this owner of the token.

i might be wrong though since it's just my speculation, but with permissionless smart contract blockchain, anything can happen.

[AHOYBRAUSE]

Thanks for all the discussion here!
What I still wonder, where would the scam be? I mean if I am targeted, how would the scammer be able to gain anything from me by sending his bs token?

I just checked for fun how much the fee would be for sending the token and it was hilarious, a whopping 147$ . That itself is worth mentioning as a scam, haha.

[AbuBhakar]

This is the coin according to the amount of the coins on your wallet in United States dollars: https://coinmarketcap.com/currencies/acet/

About how you get the coin, I do not know. Just be careful of scam. But the way the coin appeared on your wallet, I think it is real and not fake.

Most of the BSC airdrop is scam. If OP doesn’t join any airdrop or do anything to get then most probably it’s a scam. I have a lot of BSC token airdrop with value in my wallet since they manage to list it on DEX and have some successful trade from the team itself.

The scam part will happened when you try to convert that tokens on exchange. They usually charge an insane amount of BNB for fee which in the end your conversion will be failed even after you pay with the fee.

[betswift]

Thanks for the replies.

Well this is the address where the transaction came from, apparently it's a Binance hot wallet:

https://bscscan.com/address/0x8894e0a0c962cb723c1976a4421c95949be2d4e3

I am just so confused what this is supposed to be.

It's a scam that has been going for yrs now.

The token creator gave themselves permission to transfer it from other wallets because they control the contract of the token. Just ignore the token and do not interact with it.


-

they created a token, sent it to Binance, and then transferred it to you, making it appear as though it was sent by Binance to fool you to interact with the token.

Thanks for the heads up! Appreciated.

[justdimin]

Yesterday I checked my wallet and saw that some random coin/token has been sent to my usdt address.
I can't really find info about the coin and have no clue why it was sent to me, it's very strange.

Did somebody else get this and has any more info?

I am not saying this is one, nor I am making a comment on ACT at all, or Binance. Just to inform how it all works, when they send you some token, they give you basically a chance to sell it and make money, so the prey ends up getting hyped about it, and they end up trying to send it somewhere, but to do that you need to give it an approval, they may make their own DEX as well to make this even easier, when you give that approval, that means they have access to your account and could take anything out.

A lot of people lost all their money because they did not care where they gave their approval to, and because of that many people gave that to people who are scammers, which ended up with a lost money for them in the end.