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Fake Blur Token Contract Admonished by Software Engineer

According to a recent tweet from Cygaar, a well-known software engineer in the crypto industry, a bogus Blur token contract was produced a few hours ago.

Cygaar warns on the Blur token contract formed hours ago

According to a recent tweet from Cygaar, a well-known software engineer in the crypto industry, a bogus Blur token contract was produced a few hours ago.

According to the investigation findings, they are sending fraudulent transactions to the actual contract to provide the appearance that the Blur Deployer contract is authentic. According to those aware of the matter, the persons accused of coordinating this fraud operation are seeking to take advantage of the faith that users have placed in the genuine Blur Deployer contract.

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They can deceive users into sending funds or tokens to their malicious contract rather than the legitimate one.

In addition, they altered the level of liquidity present in the Uniswap pools by increasing and decreasing it. This increased the amount of liquidity found in Uniswap pools, which made such pools more desirable to traders. The perspectives of various market observers are reflected in this statement.

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Cygaar alerts investigators about the plan

As a direct consequence of this, Cygaar has gone to Twitter to provide a cautionary message to supporters of the ecosystem against the planned scheme. In addition, he advises everyone to hold off on making any choices until the official announcement about blur io is made on February 15th. This is his strong recommendation.

On the other hand, it is vital to consider that Huobi will be initiating the BLUR Deposit Contest, as indicated in the announcement published on its blog page for Huobi. Users are encouraged to sign up to win some cool prizes.

📰 Also read:  Azalea Disavows $300K Memecoin Linked to Alleged Scammer Sahil Arora

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📰 Also read:  US Legislators Ask SEC Chief to Approve Spot Ether ETF

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Curtis Dye

Curtis is a cryptocurrency news and analytics author with a focus on DeFi, BLockchain, CeFi, NFTs etc. He has publication skills such as SEO optimization, Wordpress, Surfer tools and aids his viewers with insights on the volatile crypto industry.

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