Cybersecurity firm Check Point has raised the alarm over Dingo Token after discovering a smart contract function that can manipulate transaction fees up to 99%.
Check Point has flagged the Dingo Token as a “potential scam” after reportedly discovering a smart contract function that has been used to manipulate transaction fees.it looked into the code behind the Dingo Smart Contract, discovering a backdoor function"setTaxFeePercent," which can change the contract's buy and sell fee up to 99%.An example of the smart contract function being used to manipulate transaction fees.
In one case the cyber security software firm observed a user who spent $26.89 to purchase 427 million Dingo Tokens but instead received 4.27 million, or $0.27 worth of Dingo Tokens.The firm said it decided to investigate the Dingo Token project after seeing the token rise 8,400% this year, and found at least 47 instances of the function being used to allegedly scam token investors.
Check Point Research has found at least 47 instances of the smart contract function being used. Source: Check Point Research "If you've incorporated crypto into your investment portfolio or are interested in investing in crypto in the future, you should make sure to only use known exchanges and buy from a known token with several transactions behind it," wrote the research firm.Sneaky fake Google Translate app installs crypto miner on 112,000 PCs
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