The web page reported having help from firms EA Sports, UFC and the Crypto.com alternate.
The sensible contract from the sale reveals that round 560 BNB was raised.
“Win real money while you play,” stated the welcome signal. But, the one ones who made any cash had been the builders of the ufccryptogame.com web page. About an hour in the past, the web site was taken down after elevating simply over 560 BNB (about $ 325,000) in three days from the sale of a token that was supposed for use for a UFC online game.
As of this writing, on the web page of what promised to be the subsequent large recreation play-to-earn, you solely see a message from the Wix server stating that no web site is related to that deal with.
The token being offered was UFCT, developed on the Binance Smart Chain (BSC). The BSCscan scanner reveals that there are 10 million items of the token, and that 735 addresses have it of their possession.
Poocoin, a Binance Smart Chain value tracker reveals that there isn’t any marketplace for this token. That is, there isn’t any one fascinated with shopping for it or there isn’t any liquidity in decentralized exchanges, for instance, in PancakeSwap. This implies that UFCT holders will in all probability not have the ability to get any financial return on the funding they made.
The token was on the market on the web page of the alleged online game. Until what seems to be a exit-scam or exit rip-off, 7 UFTC had been being offered for 1 BNB, which is the native cryptocurrency of the BSC community.
When the sale was nonetheless energetic, there have been those that detected some purple flags. For instance, it was indicated that the event of the online game can be completed by EA Sports and that it will have the help of the Crypto.com alternate. But there was no official assertion from the businesses allegedly concerned that indicated that, certainly, they had been about to launch a online game that might enable to win tokens.
The youtuber CryptoShark had revealed a video – whereas the sale was nonetheless going down – by which he confirmed different warning indicators that he detected. One of them was that the photographs of what the sport can be, truly belonged to a different present online game.
CriptoNoticias was in a position to confirm that that is certainly the case. When looking out in Google the photographs offered by the online game web page, the search engine signifies that are from EA Sports UFC Mobile 2, for iOS and Android units. This is a recreation launched a number of months in the past and it has nothing to do with cryptocurrencies.
The UFC Crypto Games web site – presumably in an try to seem truthful – had hyperlinks to official pages of the UFC and EA Sports, how are they a retailer merchandising, a job website and a piece on authorized issues.
The purple flags stored going off when shopping the web page of the supposed recreation. It was placing that the one language obtainable in was Spanish. Wouldn’t or not it’s higher, for a online game that has worldwide projection, to launch it in English or, higher nonetheless, in a number of languages, as is often completed?
It was additionally curious that there can be no developer recognized with identify and surname on the sport web page.
In the footsteps of Squid, a rip-off impressed by The Squid Game
The allegedly fraudulent operation of the creators of the UFC Crypto Game has a current precedent, which was reported by CriptoNoticias. A token referred to as Squid can be a part of a supposed future online game play-to-earn primarily based on the tv collection “The Squid Game.”
But, like ufccryptogame.com, the creators of the sport disappeared. On that event they managed to pay money for the sum of USD 2.6 million.
Unlike what occurred with the UFCT token, the Squid token did come to be traded on decentralized exchanges. In a brief time frame it rose from $ 30 to $ 2,800. Investors who had been in a position to promote their tokens earlier than the exit-scam (which, in that case, occurred after they took all of PancakeSwap’s liquidity) they managed to get some revenue out of their funding.