{"id":548261,"date":"2023-02-06T04:57:33","date_gmt":"2023-02-06T01:57:33","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/dingo-crypto-token-flagged-as-scam-over-99-transaction-fee-backdoor\/"},"modified":"2023-02-06T04:57:33","modified_gmt":"2023-02-06T01:57:33","slug":"dingo-crypto-token-flagged-as-scam-over-99-transaction-fee-backdoor","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/dingo-crypto-token-flagged-as-scam-over-99-transaction-fee-backdoor\/","title":{"rendered":"# Dingo crypto token flagged as scam over 99% transaction fee backdoor"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a26b9032cb00\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a26b9032cb00\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/dingo-crypto-token-flagged-as-scam-over-99-transaction-fee-backdoor\/#%E2%80%9D_Dingo_crypto_token_flagged_as_scam_over_99_transaction_fee_backdoor_%E2%80%9C\" >&#8221; Dingo crypto token flagged as scam over 99% transaction fee backdoor &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Dingo_crypto_token_flagged_as_scam_over_99_transaction_fee_backdoor_%E2%80%9C\"><\/span>&#8221; Dingo crypto token flagged as scam over 99% transaction fee backdoor &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-5a4050f8>The research arm of cybersecurity software firm Check Point has flagged the Dingo Token (DINGO) as a \u201cpotential scam\u201d after reportedly discovering a smart contract function that has been used to manipulate transaction fees.<\/p>\n<p>In a Feb. 3 blog post, Check Point Research (CPR) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blog.checkpoint.com\/2023\/02\/02\/dingo-token-ranking-is-774-with-a-live-market-cap-of-10941525-usd-is-a-scam\/\">said\u00a0<\/a>it\u00a0looked into the code behind the Dingo Smart Contract, discovering a backdoor function &#8220;setTaxFeePercent,&#8221; which can change the contract&#8217;s buy and sell fee up to 99%.<\/p>\n<p>This is despite the project\u2019s whitepaper <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dingotoken.com\/wh%C4%B1te-paper\">stating<\/a> that there is only a 10% fee per transaction.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/5608719d-a895-4ab8-91e4-60a01974c70b.JPG\"><figcaption style=\"text-align: center;\"><em>An example of the\u00a0smart contract function\u00a0being used to manipulate transaction fees. Source: Check Point Research<\/em><\/figcaption><\/figure>\n<p>According to CPR, this essentially allows the project\u2019s owner to withdraw up to 99% of the transaction amount whenever a user buys or sells the token.<\/p>\n<p>In one case the cyber security software firm observed a user who spent $26.89 to purchase 427 million Dingo Tokens but instead received 4.27 million, or $0.27 worth of Dingo Tokens.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/5bb8377d-67da-423b-a462-7f321ec1130a.JPG\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>An example of a user only receiving 1% of the transaction&#8217;s value. Source: Check Point Research<\/em><\/figcaption><\/figure>\n<p>The firm said it decided to investigate the Dingo Token project after seeing the token rise 8,400% this year, and found at least 47 instances of the function being used to allegedly scam token investors. <\/p>\n<p>&#8220;We all know that 2022 was a hard year in the crypto market. However, when we saw a token raised by 8400% this year, we had to investigate the project and understand what was unique about it. We examined the Dingo Smart Contract and quickly found it seemed like a scam,\u201d it wrote. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/9ba835dc-dbfc-47b8-bcb9-6776d958f08c.png\"><figcaption style=\"text-align: center;\"><em>Check Point Research (CPR) has found at least 47 instances of the smart contract function being used. Source: Check Point Research<\/em><\/figcaption><\/figure>\n<p>The firm also pointed to the Dingo Tokens website, noting that it has &#8220;no real information about the owners of the projects,&#8221; other than a four-page whitepaper. <\/p>\n<p>&#8220;If you&#8217;ve incorporated crypto into your investment portfolio or are interested in investing in crypto in the future, you should make sure to only use known exchanges and buy from a known token with several transactions behind it,&#8221; wrote the research firm.<\/p>\n<p>As of writing, Dingo Token is ranked 298 on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/dingo-token\/\">CoinMarketCap<\/a> with a live market cap of $82,555,168.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Sneaky fake Google Translate <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a> installs crypto miner on 112,000 PCs<\/em><\/strong><\/p>\n<p>Cointelegraph reached out to the creators of Dingo Token for a response to the allegations but has yet to receive a reply before publication.<\/p>\n<p>Users of <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> and CoinMarketCap have also recently reported issues with the Dingo Token. Crypto trader IncredibleJoker said they could not sell their holdings in a Feb. 3 post.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/DingoToken?ref_src=twsrc%5Etfw\">@DingoToken<\/a>  when can I sell your scam coin?? My shit is worth $26,000 and I can\u2019t sell any of them!!!!!!!!!!!<\/p>\n<p>\u2014 IncredibleJoker (@IncredibleJ0ker) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/IncredibleJ0ker\/status\/1622224934163415041?ref_src=twsrc%5Etfw\">February 5, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Dingo Token responded to the user&#8217;s Twitter post, asking the user to message them privately, but no further updates have been made public. <\/p>\n<p>While on CoinMarketCap, user mraff1579 appeared to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/community\/post\/322986465\/?p=profile\">reference <\/a>the backdoor function raised by CPR. <\/p>\n<p>&#8220;Wow dont lislisten to send to new wallet they took 30 billion coins and only received 300 mil because of fraudulent tax wow ppieces of Shit. . I was going to send to deployed for coin but got screwed , pretty sure anything you do will result in lost of 99%,&#8221; the post said. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/dingo-crypto-token-flagged-as-scam-over-99-transaction-fee-backdoor\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Dingo crypto token flagged as scam over 99% transaction fee backdoor &#8220; The research arm of cybersecurity software firm Check Point has flagged the Dingo Token (DINGO) as a \u201cpotential scam\u201d after reportedly discovering a smart contract function that has been used to manipulate transaction fees. In a Feb. 3 blog post, Check Point&#8230;<\/p>\n","protected":false},"author":1,"featured_media":548262,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/50c032f4-83cc-4e48-ab5a-c8b48f74c8e0.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,74863,76978,74892,117,70375,71101],"class_list":["post-548261","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-cryptocurrencies","tag-cybercrime","tag-tokens","tag-business","tag-cybersecurity","tag-scams"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/548261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=548261"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/548261\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/548262"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=548261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=548261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=548261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}