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PSA: FlanoSwap/Flano Wallet may become Cardano's first-ever rug pull. Beware of this platform.

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by COINS NEWS 259 Views

PSA There was just a thread about this posted by @bigpey on twitter.

Here's the link to the original thread: https://twitter.com/bigpeyYT/status/1432450913487183874?s=20

Here's the TL;DR:

  • FlanoSwap claims to do it all. A DEX, an NFT marketplace, launchpad, token farm, and a wallet.

  • They claim to have a beta version out for their wallet. However, when you try to recover your wallet, it states invalid. While stating your wallet is invalid, it sends a copy of your recovery phrase as a payload to their servers.

  • There's no working wallet that can be found, and they will now have access to your ADA with your recovery phrase.

  • They have already done a token sale and are collecting wallet phrases.

  • They recently had a team page that was full of AI-generated people from http://thispersondoesnotexist.com. They removed this page. (screenshots in twitter thread)

  • avoid this platform at all costs and do not give them your walled seed phrase or any other information!

As a general reminder to the community: never send anyone your crypto wallet seed phrase or enter it into a webpage on the internet. You are the only person who should have access to this information. Ever.

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