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HomeSECURITYCryptocurrency Dingo Token charges 99% commission per transaction

Cryptocurrency Dingo Token charges 99% commission per transaction

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Cryptocurrency Dingo Token charges 99% commission per transaction

What is it – a specific function of the cryptocurrency or a bug in the source code?

Security researchers at cybersecurity company Check Point Security described Dingo Token as a potential scam after discovering a feature that allows the project owner to charge a fee of up to 99% of the transaction value.

Dingo Token is currently ranked 284th in CoinMarketCap ranking with a market capitalization of more than $92 million. Its growth in value has been very sharp, which makes it an attractive target for high-risk investments.

Despite the growing popularity of Dingo Token, the website of the project does not contain much information about the owner, and in the published white paper “tokenomics” mentioned only 10% transaction fee (5% + 5%).

According to Check Point Security Report , source The token contains the “setTaxFeePercent” function, which allows the project owner to change it in real time.


The transaction fee can be 99% – 95% tax and 4% liquidity fee, leaving investors with the remaining 1% and depriving them of the opportunity to cancel the transaction.

In one case the researchers observed, a user spent $26.89 to purchase 427 million Dingo Tokens, but instead received 4.27 million tokens, which is exactly 1%.


It is worth noting that the 47 reported cases of fraud cannot affect Dingo Token’s broad investor base. Perhaps the operator is just testing this feature, and in the future he can apply it to all cryptocurrency holders and quickly cash out when the token reaches its maximum price.

Check Point experts reached out to the project owners for comment, but received no response.



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