Based on a recent warning from cybersecurity firm PeckShield, the worth of a counterfeit Omni Network (OMNI) token has dropped dramatically by 100%.
An equivalent expression could be: The deployer exchanged OMNI for approximately $400,000 worth of wETH (132.08 units) in the current market.
Peck Shield has noted that the rug pull token actually shares the same name as the legitimate one.
The fraudsters wanted to capitalize on the launch of the OMNI token that took place on Wednesday.
Omni Network serves as a connection point, allowing Ethereum rollups to interact and work together seamlessly.
Recently, there was a significant agreement reached between the company and Eth.Fi’s liquid staking protocol for $600 million in ETH.
In April, Omni Network revealed the specifics of their OMNI airdrop. The ERC-20 cryptocurrency has a grand total of 100 million tokens in circulation. Originally planned, just 3% of these tokens were intended for distribution through an airdrop. After the event, eligible individuals will be able to collect their rewards over a span of 45 days.
Approximately 1.5 million OMNI tokens from the airdrop are set aside for members of the Omni community. The remaining tokens will be distributed among EigenLayer restakers, Beacon Chain stakers, Milady Maker and Redacted Remilio Babies NFT holders, Pudgy Penguins NFT owners, Ninja NFT holders, and partner protocols.
On Wednesday, OMNI was listed on such major exchanges as Coinbase and Crypto.com.
After being listed on prominent exchanges, the OMNI token experienced a significant decrease in value, dropping over 46%.
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2024-04-18 11:38