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Four.meme Denies Oracle Partnership as Token Value Plummets

OracleBNB executed a fraudulent scheme, stealing 34 BNB worth $43,000 in 11 minutes, before disappearing after a rebranding and false claims of partnership with Four.meme.

BNB

Summary

OracleBNB executed a fraudulent pump-and-dump scheme, stealing 34 BNB (~$43,000) in just 11 minutes. The project falsely claimed to partner with Four.meme and launched a token that reached a market cap of $3 million before collapsing. Four.meme denied any involvement, and OracleBNB's account was deleted, causing the token's value to crash to zero.

Terms & Concepts
  • BNB: BNB is the native cryptocurrency of the Binance blockchain, used for transaction fees, staking, and other functionalities within the Binance ecosystem.
  • Pump-and-Dump: A fraudulent market manipulation scheme where the price of an asset is artificially inflated (pumped) to sell at a profit, followed by a sudden collapse in value (dump).