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Fake USDT Tokens Can Appear in Crypto Wallets With Misleading Dollar Balances

(9 hours ago) · 1 source · Summarized by CryptoBipto

Some crypto wallets display dollar balances for counterfeit USDT tokens that cannot actually be sold or exchanged. These fake tokens mimic the appearance of legitimate Tether (USDT) stablecoins but hold no real value. Users who attempt to trade or transfer these tokens discover they are worthless.

WHY IT MATTERS

Think of this like receiving counterfeit bills in an envelope.

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SOURCES

  • cryptoslate.com

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