First SnailMoon Copycat Rugs in Record Time
Hasty investors on the BNB Smart Chain get rugged by a copycat scammer.
![First SnailMoon Copycat Rugs in Record Time](/content/images/size/w1200/2023/05/Copycat-Rug-2.jpg)
Sometimes imitation is seen as a form of flattery, sometimes they just take your branding and use it to steal peoples money.
This time was unfortunately the latter, when a copycat of the official SnailMoon token launched on the BNB Smart Chain.
The imitation token went to a staggering $2000 market-cap before dumping to zero and closing the chat, leaving many investors out of pocket. Less than 7 hours after launch the chat was closed forever.
![SnailMoon Copycat Rug](https://www.snailmoon.com/content/images/2023/05/image.png)
The real SnailMoon remains unharmed but it really does reinforce the idea of doing thorough research before you buy.
If only the investors had considered visiting the website and doing a little bit of reading, they may have avoided the scam and found the real SnailMoon.