An allegedly bogus cryptocurrency that falsely claimed a link to Microsoft has crashed by 96% in under two days, wiping out nearly $80 million in value. The so-called Microsoft Token used the tech giant’s name and AI-related buzzwords to attract attention but has now been exposed as a large-scale crypto scam. Fake Microsoft Token Unravels in $80M Crypto Scam Earlier this week, the fake Microsoft token surged after promoting itself as a Microsoft-supported AI project. It quickly drew massive interest from retail investors, pushing its market cap past $80 million, despite having no real product or no roadmap, and no actual connection to Microsoft. Blockchain analysts soon flagged the Microsoft coin. Several on-chain researchers found no trace of any official ties to Microsoft or its AI operations. Wallet data showed large purchases before the public launch, followed by a massive coordinated sell-off and a classic setup for a scam token…. Read More at Coingape.com
The post Fake Microsoft Token Tanks 96% After $80M Hype Pump appeared first on CoinGape.
