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Scam Alert: Fake ETH/ARB Pool With Over 95 Million Fake ARBs On Arbitrum Uniswap V3

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Scam Alert: Fake ETH/ARB Pool With Over 95 Million Fake ARBs On Arbitrum Uniswap V3

scam pool

Key Ideas

  • On Uniswap, an unidentified user added a fake ETH/ARB pool with 400 WETH and more than 95 million bogus tokens.
  • As a sign that it is prepared to handle the anticipated demand for the token, Wintermute Trading, the market maker for ARB, has received 40 million tokens and transferred a small amount to exchanges for testing.
  • Stay safe from fraudulent activity in cryptocurrency. Learn how to verify pool legitimacy and protect your investments. Find the most recent ARB news here.

scam pool

Yesterday, Wu Blockchain discovered a phony ETH/ARB pool on Uniswap. This pool has 400 WETH and around 95 million bogus ARBs on Arbitrum Uniswap V3. Cryptocurrency aficionados are encouraged to use cautious when looking for ARB directly on Uniswap in light of this news, which has caused some alarm. It is vital to note that the bogus pool is now at the top, which means that people may not quickly detect it as false.

 

 

 

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It is crucial to stay informed and aware of these scams. Users can safeguard their investments and stop themselves from losing their hard-earned money by doing this. Users are advised to conduct due diligence and confirm the legitimacy of any pool before making an investment. One way to check the authenticity of a pool is to look for reviews and feedback from other users.

wu blockchain

Additionally, Wintermute Trading, ARB’s market maker, has been the subject of news reports. The market maker has received 40 million tokens and transferred a small amount to exchanges for testing. The market maker is prepared with just a few hours until the launch of this token. Investors will find this news reassuring because it shows that the market maker is equipped to handle the anticipated demand for the token.

In conclusion, staying informed of any updates regarding ARB and other cryptocurrencies is important. Bitcoin aficionados should exercise caution and verify the validity of any pool before investing. They can safeguard their investments and keep themselves safe from scams by doing this. As the cryptocurrency market continues to evolve, it is crucial to remain watchful and keep informed to make smart investing decisions.

 

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