BabyDoge has alerted the community about an ongoing phishing scam in which the swindler has stolen approximately 18 $ETH from users in the Decentralized Finance (DeFi) industry.
The scammer’s account was first discovered by Certik Alert, a renowned platform for updating users on crypto hacks, scams, and more. According to Certik Alert, the user has been using the BabyDoge name to defraud users through a fake Twitter account and a URL that contains a phishing contract.
Users who connect to the URL will be redirected to the phishing contract, which has defrauded users of the amount mentioned above.
BabyDoge shared the Certik Alert update on Twitter as users are urged to remain vigilant.
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BabyDoge is a top MemeFi platform in the industry, and it is no surprise that scammers have utilized the platform to carry out their dubious schemes. Users should always visit the official BabyDoge social platforms to interact with the protocol’s main page and avoid falling victim to scammers.
Baby Doge Swap is the acclaimed “son” of the popular meme token, DOGE. Baby Doge Swap started out as Baby Doge Coin and is a hyper-deflationary system that progressively increases its scarcity and increases its liquidity. The project is now a fully Decentralized Exchange with swaps, liquidity pools, yield farming, and more. Baby Doge considers its primary utility as building a fun meme community to spread awareness of animal adoption