In a post on X, Steinberger said he has never issued any tokens and has no plans to do so. He added that any project listing him as a token project party or holder is a scam.
His message was direct and personal, urging crypto practitioners to stop harassment and misinformation linked to fake token launches.
How the Impersonation Happened
The statement comes at a time when developers and open source builders are increasingly targeted by scammers who exploit credibility to promote fraudulent tokens. Steinberger’s warning is a reminder that not every name attached to a crypto project is legitimate.
Steinberger explained that the situation escalated after a trademark issue forced him to rename ClawdBot to Moltbot. During the account renaming process, an operational error left his GitHub and X accounts vulnerable. Crypto scammers quickly squatted the handles and began using them to promote fake token narratives tied to his identity.
To all crypto folks:
Please stop pinging me, stop harassing me.
I will never do a coin.
Any project that lists me as coin owner is a SCAM.
No, I will not accept fees.
You are actively damanging the project.— Peter Steinberger 🦞 (@steipete) January 27, 2026
He said he is currently seeking official assistance from GitHub to recover the compromised accounts. Until that process is complete, Steinberger reiterated that he will not accept any token related fees, partnerships, or payments. Any claims suggesting otherwise are false.
This type of takeover is not rare. A real world example surfaced last year when scammers impersonated well known open source developers to promote fake layer two tokens, briefly driving trading volume before disappearing. In many cases, victims only realized the deception after funds were lost.
A Growing Trend in Crypto Scams
Impersonation scams are a rising problem across the crypto industry. According to data from Chainalysis, crypto related scams cost users billions of dollars annually, with social media impersonation playing a major role. As token launches have become easier and faster, scammers increasingly borrow trusted names to create a sense of legitimacy.
1/8 🚨 SECURITY ALERT: A victim lost 143.45 ETH ($460,895) through transaction simulation spoofing 1 day ago.
Here’s how these attacks work… 🧵 pic.twitter.com/IQTSS8I3dp
— Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) January 10, 2025
The trend also reflects a broader issue. Open source builders often share work publicly, which makes their identities easier to copy. When combined with hype driven token culture, the risk of abuse grows. Steinberger’s call to stop harassment highlights the human cost behind these scams, not just the financial one.
Disclaimer
The information provided by Altcoin Buzz is not financial advice. It is intended solely for educational, entertainment, and informational purposes. Any opinions or strategies shared are those of the writer/reviewers, and their risk tolerance may differ from yours. We are not liable for any losses you may incur from investments related to the information given. Bitcoin and other cryptocurrencies are high-risk assets; therefore, conduct thorough due diligence. Copyright Altcoin Buzz Pte Ltd.
The post ClawdBot Founder Denies Tokens Warns Against Crypto Scams appeared first on Altcoin Buzz.
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.