Definition ∞ A spoof token attack involves creating and circulating a fraudulent digital token that mimics a legitimate, established cryptocurrency or asset. The attackers aim to deceive users into believing the fake token holds real value or represents a genuine project. This often occurs through phishing schemes, fake listings, or social engineering to steal funds or information.
Context ∞ Spoof token attacks are a recurring security concern in the cryptocurrency market, frequently reported in news warnings about scams and fraudulent activities. Awareness of these attacks is crucial for investors to avoid falling victim to deceptive schemes and to verify the authenticity of digital assets.
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