Dingo crypto token flagged as backdoor scam 99% transaction fees According to Cointelegraph

news7d02/06/2023

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Dingo crypto token flagged as scam over 99% transaction fee backdoor

Dingo crypto token flagged as a backdoor scam 99% transaction fees

The the research division of a cybersecurity software company Check Point (NASDAQ:) flagged Dingo Token (DINGO) as a “potential scam” after discovering a smart contract function was used to manipulate transaction fees.

In a February 3 blog post, Check Point Research (CPR) speak it reviewed the code behind Dingo Smart Contracts, discovering a backdoor function “setTaxFeePercent”, which can change the contract’s buying and selling fees by up to 99%.

An example of smart contract functionality used to manipulate transaction fees. Source: Test Score Research

An example of a user receiving only 1% of the value of the transaction. Source: Test Score Research

Checkpoint Research (CPR) has found at least 47 instances of smart contract functionality being used. Source: Test Score Research