VoidZ Fake Binance Smart Chain Token

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Voidz App Logo/Homepage

VoidZ is an AI engine with an associated token on the Ethereum blockchain. A token with a very similar name was released on the Binance smart chain. It's unclear how the token was promoted. On April 14th, 2024, the liquidity was pulled with a total value of $323k.

This is a global/international case not involving a specific country.

About VoidZ

"Craft unique, premium-quality, proprietary assets tailored to your gaming ventures

Revolutionize game development with Voidz's AI engine: Craft assets, tokenize via NEXUS, trade with predictive AI insights, and rent from our elite GPU suite, all in a single, groundbreaking workflow"

"Tokenization is the process of converting an asset into a digital token on the blockchain, much like how a deed represents ownership of land in the real world."

"The trading experience on VoidZ is not just about swapping items. It's backed by sophisticated AI on NEXUS gateway that helps in offering predictive analytics and pricing recommendations."

"The creation of high-quality game assets is a resource-intensive task. Traditionally, this would require substantial upfront investment in hardware for developers."

"The Nexus Gateway is an integral component of our product suite, designed to democratize asset ownership and create the perfect environment for digital asset trading. Infinite tokenization awaits"

"Use classic text-prompts to create and edit the 3D assets you need." "Upload an image and watch it turn into 3D content." "Apply texture and edit visual details with artificial intelligence."

"The Fake VDZ on BNBChain is suspected of a rug pull, and the current token price has dropped by 100%."

"Be aware of this token! Team of this token has sold at least 581.392 BNB."

This is a global/international case not involving a specific country.

The background of the exchange platform, service, or individuals involved, as it would have been seen or understood at the time of the events.

Include:

• Known history of when and how the service was started.
• What problems does the company or service claim to solve?
• What marketing materials were used by the firm or business?
• Audits performed, and excerpts that may have been included.
• Business registration documents shown (fake or legitimate).
• How were people recruited to participate?
• Public warnings and announcements prior to the event.

Don't Include:

• Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
• Anything that wasn't reasonably knowable at the time of the event.

There could be more than one section here. If the same platform is involved with multiple incidents, then it can be linked to a main article page.

The Reality

This sections is included if a case involved deception or information that was unknown at the time. Examples include:

• When the service was actually started (if different than the "official story").
• Who actually ran a service and their own personal history.
• How the service was structured behind the scenes. (For example, there was no "trading bot".)
• Details of what audits reported and how vulnerabilities were missed during auditing.

What Happened

The specific events of the loss and how it came about. What actually happened to cause the loss and some of the events leading up to it.

Key Event Timeline - VoidZ Fake Binance Smart Chain Token

Date	Event	Description
April 14th, 2024 4:59:14 PM MDT	Transaction Empties Liquidity	The liquidation transaction for the fake VDZ tokens. The token creator is able to dump their tokens for a total of 581.392 BNB.
April 22nd, 2024 9:38:02 AM MDT	SlowMist Reviewing	Blockchain security firm SlowMist reviews the token through DexTools for incluson in their list.

Technical Details

This section includes specific detailed technical analysis of any security breaches which happened. What specific software vulnerabilities contributed to the problem and how were they exploited?

Total Amount Lost

The total amount lost has been estimated at $323,000 USD.

How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?

Immediate Reactions

How did the various parties involved (firm, platform, management, and/or affected individual(s)) deal with the events? Were services shut down? Were announcements made? Were groups formed?

Ultimate Outcome

What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?

Total Amount Recovered

There do not appear to have been any funds recovered in this case.

What funds were recovered? What funds were reimbursed for those affected users?

Ongoing Developments

What parts of this case are still remaining to be concluded?

Individual Prevention Policies

No specific policies for individual prevention have yet been identified in this case.

For the full list of how to protect your funds as an individual, check our Prevention Policies for Individuals guide.

Platform Prevention Policies

Policies for platforms to take to prevent this situation have not yet been selected in this case.

For the full list of how to protect your funds as a financial service, check our Prevention Policies for Platforms guide.

Regulatory Prevention Policies

No specific regulatory policies have yet been identified in this case.

For the full list of regulatory policies that can prevent loss, check our Prevention Policies for Regulators guide.