ZTZDao’s core asset ZTZ is most likely a honeypot scam, as unveiled by PeckShield experts
A mysterious DeFi and NFT protocol, ZTZ DAO, ends up being a honeypot scam. Here’s how many gullible DeFi investors might have lost their crypto wealth.
ZTZ DAO’s token is a honeypot: PeckShield
Today, April 19, 2022, an automated detecting system by PeckShield cybersecurity provider has revealed that the BSC-based contract of ZTZ token is most likely a honeypot scam.
Honeypot is a class of computer scams focused on stealing users’ money and data. In crypto, this usually means the contract or protocol that only allows users to inject liquidity but not withdraw it.
According to Dex.guru tracking system, ZTZ token is changing hands at $0.00000027, or down 99.97% in 24 hours. More than 5,000 crypto users still hold ZTZ despite the honeypot announcement.
Although it has nothing but a landing page, a BSC-based token, a Twitter account and a Telegram group, ZTZ DAO marketed itself as a “broadband-based decentralized commercial public channel DAG technology, aiming to become the underlying business infrastructure of the Metaverse in the future.”
Waiting for Honeypot 2.0?
Some crypto analytics services displayed that exactly one week ago, on April 12, 2022, the ZTZ/BNB price rocketed more than 700% in an hour.
Interestingly, the scam project’s website and social media are active: amid aggressive comments from scammed investors, the team will unveil “mapping and screenshots” for ZTZ2.0 .
As covered by U.Today previously, honeypot scams are typically associated with various spin-offs of Dogecoin (DOGE) and Shiba Inu Coin (SHIB).
