Bad actors have launched scam tokens claiming to be linked to the Damus app. The team has confirmed that there will be no token for Damus and that users should be wary of scams.
Bad actors are exploiting the success of the Damus app and have released multiple fake tokens that claim to be associated with the decentralized social media protocol. The fake Damus tokens were created on the Ethereum and BNB Chains. Some individuals have fallen for the scams, though it’s unclear at the moment just how widespread the damage has been.
The Damus team announced that the project does not have a token and “will never have a token.” The fake tokens began to surface a few days ago, shortly after the Damus app itself was released.
(By Rahul Nambiampurath)
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