It has recently been brought to the attention of SHG that Jonathan the Tortoise is being used in a possible new online scam involving cryptocurrency, specifically a type of meme coin scam.
Meme coins are a type of cryptocurrency that typically originate from internet memes as a joke or a political statement. They are also often connected to celebrities or current events.
SHG have also learnt of the possibility that persons are travelling to St Helena to promote this meme coin.
It is assessed that the creation of this meme coin has a high likelihood of being connected to a scam, where persons are encouraged or manipulated into buying these coins as a way to invest their money. This is also known as a ‘rug pull’ scam where developers create a token, promote it to drive up value and then drain the liquidity pool, taking investor funds and leaving the token worthless.
SHG would like to remind the public that, in light of the recent scam related to Jonathan the Tortoise, everyone should be particularly cautious of any persons or organisations attempting to sell any products (particularly but not limited to cryptocurrency), using his name and/or suggesting any link to SHG. SHG and St Helena Tourism do not endorse this meme coin and have had no involvement in its creation.
To protect yourself against these types of scams, do your own research and check the project’s website, as well as other channels, such as social media, for transparency and legitimacy. Also verify the creators and be cautious, especially (but not only) if the developers are anonymous or have no track record in crypto.
NOTE TO EDITOR:
Cryptocurrencies are digital tokens or digital money. They are a type of digital currency that allows people to make payments directly to each other through an online system. Cryptocurrencies are considered a high-risk investment.
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Jonathan the tortoise