Is this dead token silently coming back to life?

[cheezcarls]

Hello guys! I am back after being so inactive for a very long time.

I'm just curious about this token called ARAW.

Joined their Bitcointalk bounty last 2018 and received tokens but never traded them ever since.

Supposed to be "dead" already and even rebranded to USDe (not related to Ethena's USDe) but did not last long.

https://x.com/ArawProject

But there are some certain users every day or a few days that they send the old ARAW tokens back to the old smart contract.

https://etherscan.io/address/0x30680ac0a8a993088223925265fd7a76beb87e7f

I have tried to get a clue about this in the Etherscan, but seems to be difficult.

Any idea or clue on this?

Would really appreciate your insights or clues on this one guys. Thanks!

[mdzahed134]

I also tried to find a clue but i didn’t find out nothing, i see from a several address they transferred some tokens to other wallet address, but this tokens aren’t listed on any exchanges. ARAW was listed three low tier exchanges as like Mercatox, latoken & hotbit, now this is dead token so there are trading in those exchanges. 

[albon]

If you reveal the token contract on DeFi, [here are the results], you will find that this is a scam token with a high-risk contract containing a function called Centralized Balance Controls. This function allows the owner to take or seize holders' balances without their consent.

Another analysis of mine is that they may resend the $ARAW to other people as they try to drag them to scam CEX platforms that still list this dead token with no liquidity. Their token, USDe, is also a scam, and you can verify the details proving this on CMC. I strongly advise you to avoid these tokens entirely.

[TastyChillySauce00]

If you reveal the token contract on DeFi, [here are the results], you will find that this is a scam token with a high-risk contract containing a function called Centralized Balance Controls. This function allows the owner to take or seize holders' balances without their consent.

Another analysis of mine is that they may resend the $ARAW to other people as they try to drag them to scam CEX platforms that still list this dead token with no liquidity. Their token, USDe, is also a scam, and you can verify the details proving this on CMC. I strongly advise you to avoid these tokens entirely.

This one is really solid finding, the 2 billion market cap and absolutely zero trading volume is a huge red flag as well



so it's obvious that the token is absolute scam, the whole transactions going on in the old contract seems so fishy anyway, I think OP better stay away.
there's nothing that indicate this dead token coming back to life because this token is already dead the time it deployed with means of controlling all the token balance by the deployer regardless of contract ownership renounce which I don't bother to see since it's obvious scam.