Phishing Alert: The CAR Memecoin Saga – What You Need to Know!

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So, it turns out that the Central African Republic (CAR) memecoin is not just a shiny new toy for crypto enthusiasts, but a veritable treasure trove of phishing links! 🎣 Cybersecurity experts are having a field day, and not in a good way. Who knew that “uniting people” could lead to such a chaotic mess?

In a plot twist worthy of a soap opera, the memecoin caught the world’s attention after the official X account of President Faustin-Archange TouadĂ©ra announced the launch of this experimental token. Apparently, it was meant to “support national development.” But, spoiler alert: the project’s X account has been suspended, and the website is as useful as a chocolate teapot right now. đŸ«â˜•

Enter “Fun,” the founder of Scam Sniffer, who revealed that the project’s Telegram group—linked from major data providers like CoinGecko—was a hotbed of malicious links. CoinGecko, bless their hearts, promptly removed the Telegram reference after being notified. Talk about a digital cleanup! đŸ§č

Now, let’s talk about the Telegram page, which features a fake “Safeguard” bot. Scam Sniffer has identified it as a phishing tool. Because, of course, nothing says “trustworthy” like a bot that’s just waiting to steal your crypto. In December, they had already warned investors about a fraudulent Safeguard verification bot. It’s like a bad sequel that just won’t die! 🎬

The Telegram group, which was created on February 3, has around 2,000 subscribers. After a suspiciously long silence, they finally posted a vague message on February 5: “ca soon.” What does that even mean? Is it a new meme? đŸ€”

But wait, there’s more! Phishing schemes tied to the CAR memecoin are not just limited to Telegram. Oh no, they’ve spread their tentacles to other aggregators too. “Cos,” the founder of SlowMist, found a suspicious link on the trading platform GMGNAI. Instead of leading to an official site, it took users to a Linktree page with a supposed livestream on Kick. Spoiler: it was a trap! đŸ•”ïžâ€â™‚ïž

Instead of a thrilling livestream, users were greeted with a fake CAPTCHA page that executed malicious code. Because who doesn’t love a little surprise malware with their crypto? The same Linktree URL was also promoted in the Telegram group. It’s like a bad game of whack-a-mole! đŸŽȘ

Security risks from community-controlled crypto aggregators

Now, here’s the kicker: many cryptocurrency data aggregators allow community members to modify token-related information. So, the entity that launched the token might not even be responsible for the chaos that ensues. It’s like letting a toddler loose in a candy store—what could possibly go wrong? 🍭

“This function should be uniformly called ‘community takeover,’” Fun quipped. “It’s available on almost every platform and can be updated with payment.” Because nothing says “trustworthy” like a pay-to-play system! 💾

“When the whole world is watching Super Bowl, African people are surviving.” Well, that’s one way to put it! 🏈

But wait, there’s more! This account later teased a memecoin of its own. However, its handle, @sadwraciborzu, seems about as official as a three-dollar bill. Further inspection shows it was created in February 2025. Talk about a latecomer to

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2025-02-10 17:00