6 Crypto and NFT Projects From This Month That Were Total Scams

The rip-off artists behind Buccaneer Finance, often known as BuccaneerFi, made off with about 841 BNB coin, primarily based on pockets monitoring performed by Peck Shield, value about $352,500.

And whereas the venture’s Twitter, Telegram, and web site have all been deleted, you may nonetheless see an archived model of its web site on the Internet Archive.

“Buccaneer Finance is based on a [sic] open sourced and well audited contract,” the web site learn. So a lot for that, proper?

But the most effective quote from the web site is perhaps the ludicrous declare that Buccaneer’s coin was fully tax free, one thing that may solely be determined by a authorities.

“The team decided to develop Buccanner Finance into a tax-free product. The best product is a zero-tax product, we don’t want high taxes to be a burden for investors,” the web site stated.

The scammers despatched their ill-gotten positive factors to TornadoCash, one of many companies used to launder cryptocurrencies in order that it’s more durable to trace the place the stolen cash goes. And whereas $300,000 isn’t a lot in contrast with most of the different hacks which have occurred this month, it’d simpler for a lower-profile theft to get misplaced within the noise of horrible crypto headlines.