Beware that the Solana project is the product of serial scammers

The developer behind Mangofarm, a project on the Solana blockchain, appears to be the same person responsible for the infamous Banana Miner Ponzi scheme. The ongoing deception has caused serious concern in the cryptocurrency community.

Alarm bells started ringing when users on X reported unusual activity related to Mangofarm, with funds being withdrawn from wallets that interacted with the platform. This pattern of unauthorized withdrawals is very similar to the operation of classic scams.

LMAOOOOO Guys, it looks like @MangoFarmSOL dev and @bananaMiner_ Ponzi scheme and was forced to deploy another one. https://t.co/0gpQ0ptfw1 pic.twitter.com/0FntgJsftk

— Charlemagne, Lord of the Dead (@0x_charlemagne) January 6, 2024

Comments discovered in the Mangofarm codebase, linked to the same developers behind the Banana Miner project, initially raised concerns about enforcement.

But upon closer inspection, these remarks may be a taunt, a sneer aimed at those who have been deceived.

Given the behavioral patterns associated with such programs, it is unlikely that these messages reflect genuine signals for help. Instead, they appear to be a tactic by serial scammers designed to mock the trust users place in them.

It’s worth mentioning that while the embedded messages can be understood as a new way to exploit public sympathy for fraud, they still highlight the risks associated with unproven projects in the cryptocurrency space.

The Solana community and potential investors are urged to exercise extreme caution. If you are already involved in Mangofarm or any related projects, you need to transfer your assets to a secure wallet immediately.

Unfortunately, the true identity behind the serial scammer’s wallet remains unknown, and all that is left to do now is to revoke all approvals, move funds out of wallets associated with Mangofarm, and remain cautious in the future.