GoPlus: GOLD Token Developer Funds Traced to KuCoin, PLATINUM Contract Can Drain Wallets

GoPlus: GOLD Token Developer Funds Traced to KuCoin, PLATINUM Contract Can Drain Wallets

N
News Editor
2026-08-29 12:17:03
GoPlus Security has issued an alert about a token operation traced back to major exchanges. The developer behind the GOLD token received initial funds that can be traced to KuCoin, while 15 wallets linked to market manipulation trace back to Binance. The same group also deployed Trump Digital Platinum (PLATINUM). The token contract can arbitrarily transfer a holder's entire balance, GoPlus said, urging users not to buy it.

GoPlus Security has issued a warning after monitoring token activity. According to its findings, initial funds behind the GOLD token developer can be traced back to KuCoin, and funds from 15 wallets believed to be used for market manipulation trace back to Binance.

The same group also deployed another token, Trump Digital Platinum (PLATINUM). GoPlus's analysis found the PLATINUM contract is able to transfer the entire balance from any holder without authorization. The team reminded users not to buy the token.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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