Attention: Complex Altcoin Scam Detected! Security Resources Cannot Solve! Here are the Altcoins to Avoid

Crypto even security experts are warning investors about a newly discovered memecoin scam that bypasses detection filters on major trading data platforms.

This new scam has a secret code that allows its founder to withdraw tokens directly from any wallet holding them REPUBLICAN It contains a token called .

“What we are seeing here is the increasing sophistication of fraud tokens in evading detection techniques,” OpenZeppelin Head of Solution Architecture Michael Lewellen said in a statement. While fraudulent tokens have been a recurring problem for cryptocurrency investors, this new memecoin uses advanced coding techniques to bypass traditional security screenings.

The REPUBLICAN token looks legitimate at first glance. However, inside its code lies a feature that allows the programmer to withdraw tokens from the wallets of unsuspecting users and create an unlimited balance for themselves. Investors who traded ETH for REPUBLICAN on decentralized exchanges reported that their tokens disappeared shortly after purchase.

The scam was first spotted by X user @yourfriend_btc and has since gained attention among crypto security circles. While the exact profit made by the scammer is unknown, Dex Screener data shows that $408,000 worth of REPUBLICAN tokens were traded.

Lewellen explained that the fraudster used assembly language, a low-level programming language closely aligned with machine code, to hide the malicious code within the token. “Assembly language code is harder to interpret, making it more difficult to detect whether it contains malicious features,” he said. This complexity allowed REPUBLICAN to bypass the security checks that usually identify dangerous tokens.

Despite the growth of real-time monitoring tools in the industry, these tools have not marked the REPUBLICAN token. Dex Screener, which performed three separate code checks on the token, found no problems but warned that such checks may not be foolproof.

*This is not investment advice.