Connect with us
Active Currencies 14355
Market Cap $2,765,518,121,445.00
Bitcoin Share 50.79%
24h Market Cap Change $8.61

Lil Tay’s alleged death gives rise to fake crypto token

2min Read

The emergence of a counterfeit token named after controversial teenage influencer Lil Tay took the crypto world by storm, as it seemingly capitalized on news of her alleged death.

Lil Tay's alleged death gives rise to fake crypto token

Share this article

  • The counterfeit Lil Tay token aimed to capitalize on the news of her supposed demise.
  • Lil Tay’s online persona reportedly inspired the token.

A fake cryptocurrency token named after controversial teenage influencer Lil Tay emerged shortly after the announcement of her alleged death. The news was released via her verified Instagram account. Consequently, the fraudulent Lil Tay cryptocurrency was launched on the BNB Smart Chain, featuring a limited supply of just 100 coins.

Claire Hope, the 15-year-old behind the Lil Tay persona, gained notoriety for her bold online presence and staged controversies.

Fraudulent Lil Tay token emerges amid confusion over death

The fake token’s launch took place in the early hours of 10 August, just a few hours after news of Lil Tay’s alleged death went viral. The fake launch contained just 100 tokens, most likely an attempt to cash out on her alleged death.

To add to the confusion, following the launch of the fake token, the team behind the teenage influencer’s real crypto token issued a statement. The official @LiltayToken account emphasized that there had been no token launch from their end. Moreover, they affirmed that their tokens were still in development.

The official account stressed that any token or coin bearing Lil Tay’s name (other than theirs) was a scam.

Lil Tay became famous at the age of nine for posting pictures in luxury vehicles while wearing designer clothes. She began posting rap videos on YouTube as well, which garnered millions of views. Her antics drew substantial attention, often sparking discussions and debates within social media circles.

The circumstances surrounding Lil Tay’s purported death grew more perplexing when a new post surfaced just 24 hours after the announcement. The subsequent post claimed that the earlier news of her passing was the result of hacking and affirmed that she was alive.

In an age of social media influence, these crypto scams underscore the challenges of the digital realm. The incident also raises concerns about the exploitation of trending topics for personal gain.

Share

Saman Waris works as a News Editor at AMBCrypto. She has always been fascinated by how the tides of finance and technology shape communities across demographics. Cryptocurrencies are of particular interest to Saman, with much of her writing centered around understanding how ideas like Momentum and Greater Fool theories apply to altcoins, specifically, memecoins. A graduate in history, Saman worked the sports beat before diving into crypto. Prior to joining AMBCrypto 2 years ago, Saman was a News Editor at Sportskeeda. This was preceded by her stint as Editor-in-Chief at EssentiallySports.
Read the best crypto stories of the day in less than 5 minutes
Subscribe to get it daily in your inbox.
Please check the format of your first name and/or email address.

Thank you for subscribing to Unhashed.