JackXBT 💹🀄️

@jackkxbt

Crypto trader since 2016 | #Bitcoin Defi & #Altcoins Expert | AI / US stocks, researching while outputting.

Joined February 2026

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JackXBT 💹🀄️

@jackkxbt

2 days ago

Here is a more detailed breakdown of how we, ordinary users, are professionally scammed, using the YneraX One project as an example. The YneraX One project (yneraxone / $YNX token) is a 99% probability classic Fee-Farming Scam (a scheme designed to extract micro-fees from users for the benefit of the creators). The likelihood of you being able to sell the claimed YNX tokens at the inflated rate shown ($0.10 per token — $72 and $125.30 respectively) or receive the promised 5 USDT per wallet is close to zero. Below is a detailed technical and OSINT analysis of the project's infrastructure, smart contract, metadata, and reviews across specialized communities. 1. Who is Really Behind the Project and the Fake YZi Labs Backing Fake Investment Claims from YZi Labs (formerly Binance Labs): In the footer of https://t.co/bNpkooRqYB, as well as in the /docs and /rules sections, it states: "Backed by YZi Labs". However, official venture transaction databases (CryptoRank, DropsTab) and YZi Labs' official social media channels contain zero mentions of YneraX One. Not a single fund employee follows @yneraxone on X. This tag was added unilaterally to lull users into a false sense of security. Doxxing the Creator via Gleam Metadata: Your screenshots show a claimed Gleam reward of 280 YNX. Inspecting the campaign itself on Gleam aggregators (https://t.co/ou7S0Ev5X0, campaign ID qFECm, which gathered 1.25 million entries) reveals the corporate account owner's real name: "Offered by: Arghya Roy's Site". The project is not run by a team of blockchain developers, but by an individual webmaster from South Asia who serially launches traffic-generating giveaways. Disposable Technical Infrastructure: The domain https://t.co/VPnScOWFOJ was registered on September 23, 2026 (exactly 24 hours before traffic acquisition started on September 24) via NameCheap with WHOIS privacy protection enabled. The site itself is just a Next.js template deployed on free Vercel hosting (https://t.co/nkJRJuz2Lo), using Supabase as its cloud database (explicitly stated in their privacy policy at /privacy). No blockchain product, testnet, GitHub repository, or technical protocol documentation exists — the entire "product" is nothing more than a quest landing page with a leaderboard. 2. Breakdown of the Exchange Wallet Trick (OKX, MEXC, Gate) The author of the post in your third screenshot correctly highlighted a suspicious detail: $YNX tokens were distributed to exchange wallets belonging to OKX, MEXC, and Gate. How this trick works: The $YNX token smart contract on Ethereum (0xC314F4e30E9f11455802c349879821210c21BE93) is a basic standard ERC-20 token. Any token creator can go to Etherscan, copy the public hot wallet addresses of major exchanges (which are clearly labeled as OKX, https://t.co/kGqpT481kp, MEXC), and manually send millions of their fake tokens to those addresses from their own wallet. Why this is done: When users check the contract on Etherscan under the Holders tab before making a paid claim, they see real exchange labels among the top holders and assume a listing is imminent. In reality, the exchanges are completely unaware of this token's existence — the blockchain does not prevent anyone from transferring arbitrary tokens to third-party addresses without receiver consent. 3. Scheme Economics: How the Creators Monetize the Crowd According to data from https://t.co/fIP2HcaDf6, 377,167 participants were lured into the campaign. The entire mechanism is designed to drain a series of small payments in native coins (ETH and BNB) from every single user: Paid Daily Check-ins: To obtain Eligible status (requiring 3 to 7+ days of check-ins) and unlock referral rewards, users had to submit on-chain micro-transactions paying network fees directly to the project's contract. Silver and Gold Pass Sales: In mid-October, the project introduced paid pass minting (~$1+ in ETH each): Silver Pass (+133 YNX) and Gold Pass (+300 YNX). On your second wallet (0x62af...bcb2), the YneraX Pass bonus row shows 433 YNX credited ($133 + 300$), meaning both paid passes were purchased. Paid YNX Claim on Ethereum (October 21–25): To trigger the claim function, the site charges a fixed service fee of ~$0.40 in ETH on top of the standard ERC-20 gas fee. The second trap is the paid 5 USDT claim (October 24–26): On your screenshots on the right, there is a timer counting down to October 24, 2026, at 04:00 AM UTC to receive 5 USDT. The rules on the page https://t.co/Xgy0kpV42O (Section 07, Claiming) state a tricky detail:"USDT is claimed on BNB Chain from October 24, 2026 at 04:00 UTC to October 26, 2026 at 15:00 UTC. After the claim period closes, the USDT is sent to every wallet that claimed." In other words, on October 24, when you click the Claim button, you won't be sent 5 USDT right away — you will be charged a fee again (this time on the BNB Chain network) allegedly for "registering the claim request for USDT after October 26." Bottom line for the organizers: Even if out of 377,000 participants, at least 60,000–80,000 wallets paid for check-ins, passes, and claims, leaving $1.50–$3.00 each in fees, the organizers have already collected $120,000 – $200,000 net in ETH and BNB at zero cost. 4. What People Are Saying on Forums, Chats, and Aggregators English-language Telegram channels and forums: Major foreign airdrop communities (FREEBIESTECH, Airdrop Finder) issued warnings to subscribers back during the pass minting phase advising them not to buy the badges: "Minting the two badges will cost around $1+ ETH... if we are going to get farmed, the check-in fee is enough" (meaning we are likely just being farmed for transaction fees). Comments on YouTube and in chats: The project was primarily shilled through small YouTube channels from Pakistan and India, as well as threads by newly registered accounts on Bitcointalk and TopGold Forum. In the comments, users are mass-complaining that the contract deducted pass-minting fees multiple times without crediting the status. Security scanners: On ScamAdviser, the domain has a trust rating of 10 out of 100, while the Gridinsoft antivirus scanner (rating 38/100) has blacklisted https://t.co/VPnScOWFOJ with the tag "Pay-to-Click Scam / Unsettled Website." Legal bait-and-switch: In the project's own document at https://t.co/3rYKWUjSGT (Section 04), the promised $150,000 USDT pool has been quietly renamed to "$150,000 (Vault Allocation)" — meaning that even under their own rules, they are not obligated to pay out real stablecoins. What to Do Now (Action Plan) Since the $YNX token claim has already been completed on both of your wallets (0x2649...f074 and 0x62af...bcb2, where the "Claimed" button is shown): DO NOT pay the 5 USDT claim fee on October 24: When the timer expires, do not reconnect your wallet and do not pay the BNB gas fee for the "5 USDT request." Aside from losing another dollar on gas fees, fraudulent projects often swap out the smart contract during the second phase, tricking you into signing an Approve or Permit2 transaction that drains real USDT from your BSC balance. Check issued permissions (Revoke): Go to https://t.co/pTCTJ6NBFN, paste the addresses 0x2649... and 0x62af..., and make sure you didn't sign an unlimited Approve for your tokens on the Ethereum and BNB Chain networks during the pass minting and claiming process. How to safely check the "listing" on October 25: The project roadmap schedules the TGE for October 25. Do not visit the project's website on that day — simply paste the token contract 0xC314F4e30E9f11455802c349879821210c21BE93 into DexScreener or Uniswap. If the organizers fail to add real liquidity (which happens in 99% of such cases), simply hide the token in your wallet and write off the loss of a few dollars on gas as a lesson learned.