The crooks recently tried to deceive the investors by launching a false piece of memes linked to the crown prince of Saudi Arabia Mohammed Bin Salman.
Use of hacking X Labeled “SAUDILAWCONF”, they falsely promoted a “official” Saudi Jeme. Shortly after, the Saudi law conference confirmed that their account had been compromised and warned of a fraudulent activity.
The announcement of a piece of memes on the Saudi theme has sparked mixed reactions, some by seeing potential and others suspecting a scam.
The security company Peckshieldalert reported the token as doubtful, while analyst Tradeducky warned that the pirates could have used the identity of a Saudi royal to promote the project. The absence of government confirmation and the details of the missing Tokenomics fueled skepticism.
This scam follows the collapse of the Argentine balanced token, which jumped 3,000% after the approval of President Javier Milei, to crash while its creators fired $ 87 million.
Similarly, a piece of memes linked to the Central African Republic of the Central African Republic has lost more than 70% of its value due to the concerns of a carpet traction. The scam linked to the Saudi, launched on February 10 via Pump.fun, failed to gain ground, with a market capitalization of only $ 7,489.
