GTech Network Listing Draws Scam Alerts as Holders Warned Over Fake GTC Addresses

GTech Network Listing Draws Scam Alerts as Holders Warned Over Fake GTC Addresses

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News Editor 01
2026-07-22 13:45:13
GTech Network says GTC will list on May 30 on BingX, LBank, and Binance Alpha. The notice warns of fake websites, spoofed contract addresses, and Telegram scams targeting holders as trading opens.
GTech NetworkGTCphishing scamcontract addressBscScan

GTech Network says GTC will begin trading on May 30, 2026 on BingX, LBank, and Binance Alpha, and the project is pairing that listing with a direct warning about phishing activity. According to the source material, more than 6,000 holders are preparing to trade, and fake pages, spoofed contract addresses, and search ads can appear as soon as listing attention spikes.

Fake ads and cloned pages target wallet approvals

The article says scam campaigns tend to activate once listing news spreads across X, Telegram, and crypto forums. Search terms such as “GTC contract address” and “buy GTC BingX” can quickly draw users into sponsored results placed above legitimate links. In the example described, those ads send users to a copied version of gtechofficial.com that looks like the real site but displays a contract address controlled by the attacker.

Once a user connects MetaMask and approves the displayed contract, the scam turns into a wallet approval attack. The source outlines a common sequence: a fake Google ad appears first, the copied website mirrors official branding and listing details, a deceptive contract address is shown, and the wallet approval gives the attacker token access. A bot can then drain funds within seconds. The piece notes that BscScan may record the transaction, but it cannot be reversed.

BscScan verification and official X posts are presented as the reference points

The source says the legitimate GTC smart contract is verified on BscScan. As of May 19, 2026, it showed 930,788 transactions and a balance of $2.49 million across three chains. It adds a blunt rule: any address that does not match the official contract published on X should be treated as fake.

A second scam pattern mentioned in the material targets miners. It says miners can withdraw only 40% of their token balance immediately and must pay a $4 BNB gas fee. Fake Telegram bots then claim they can unlock the remaining 60% early for an extra BNB payment. The article says that is impossible because the vesting schedule is embedded in the smart contract.

Safety steps highlighted before trading opens

The checklist in the source urges holders to copy the contract address from the official X account before listing day and save it in advance. It also warns users not to rely on Google search for the address once trading starts, because sponsored results may sit above organic ones. Instead, users are told to type the official site directly into the browser and compare the address on BscScan before any wallet interaction.

The article also advises setting up BingX and LBank accounts ahead of time, completing identity verification before peak listing traffic, ignoring all Telegram direct messages, and checking every contract interaction on BscScan before approving it. On market structure, the source says GTC will open with a circulating supply of 200 million tokens at a team-stated price of $0.05, implying a launch market cap of about $10 million. It also cites public market estimates for a $0.03 to $0.07 Day 1 range and a $0.10 to $0.20 30-day bull-case scenario, while stating clearly that these are assumption-based projections rather than guaranteed outcomes.

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