Fake CLAWD Meme Coins on Solana are Scams, Warns Founder
- Moltbot founder s about fake CLAWD meme coins on Solana.
- Fake tokens rose, then crashed after denouncement.
- Community confusion due to hijacked accounts.
Fake CLAWD Meme Coins on Solana are Scams, Warns Founder
Peter Steinberger, founder of Moltbot, issued a warning on Twitter regarding fake CLAWD meme coins on Solana after scammers hijacked his GitHub and Twitter accounts amid a project rename.
The incident highlights vulnerabilities in digital platform security and underscores the need for vigilance against cryptocurrency scams that manipulate association with credible figures or projects.
Scammers exploited the forced rename of ClawdBot to Moltbot, hijacking and X accounts. This enabled them to promote fraudulent CLAWD meme coins on Solana.
Reportedly, CLAWD meme coins experienced a sharp increase in trading volume, initially peaking at over $16 million. The fraudulent venture eventually plummeted near zero after Steinberger’s public denouncement.
Although Steinberger disavowed involvement, scams like CLAWD show the volatile nature of meme-based tokens. These incidents risk small investor losses due to unsubstantiated hype.
GitHub/X hijacking intensified community confusion, with the original @ClawdBot account removed. Steinberger is working with GitHub to recover access and urged users to cease harassment.
Similar cases in the crypto world illustrate the need for user caution. Developers are advised to clearly communicate non-involvement, focusing on software commitment over speculative assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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