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ETHEREUM on BNB Chain (0x9c8449848a492577f5fde9165b566b974e90b051): Not the Official ETH — Risks, Verification, and Safer Trading Tips

ETHEREUM on BNB Chain (0x9c8449848a492577f5fde9165b566b974e90b051): Not the Official ETH — Risks, Verification, and Safer Trading Tips

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If you’ve come across a token called “ETHEREUM” on BNB Chain with the contract 0x9c8449848a492577f5fde9165b566b974e90b051, pause before you click swap. This token is not the official Binance‑Peg Ethereum Token and likely leverages name confusion. Below is a practical, security‑first guide to verify what you’re looking at and how to minimize risk if you still choose to interact with it.

Quick facts

  • Contract: 0x9c8449848a492577f5fde9165b566b974e90b051
  • Chain/standard: BNB Chain, BEP‑20
  • Name/symbol: “ETHEREUM” / “ETHEREUM”
  • Status: Not the official Binance‑Peg Ethereum Token
  • Official Binance‑Peg ETH contract (for reference): 0x2170ed0880ac9a755fd29b2688956bd959f933f8 (BscScan link)

What this token is (and isn’t)​

  • It’s a BEP‑20 token on BNB Chain that uses the “ETHEREUM” name.
  • It is not native ETH and not the widely recognized Binance‑Peg ETH, which is supposed to be backed 1:1 by ETH reserves.
  • Tokens reusing blue‑chip names often aim to piggyback on brand recognition. Some are harmless copies; others are honeypots or low‑liquidity traps.

Why the mismatch matters
Wrapped or pegged tokens should be verifiable by:

  • A known, official contract address
  • Public documentation by the issuer/custodian
  • Consistent listings on reputable trackers and explorers

Here, the official contract for Binance‑Peg ETH is different from the one in question. That discrepancy alone is a major red flag.

Verify in 90 seconds

  1. Check the contract on BscScan: open the token page for 0x9c8449848a492577f5fde9165b566b974e90b051 (BscScan).
    • Look for warnings/labels, total supply, holders, and recent transactions.
    • Inspect the “Contract” tab for functions like mint, blacklist, pause, or transfer tax.
  2. Compare against the official Binance‑Peg ETH contract 0x2170…f8 (reference).
  3. Search trusted listings: check if it’s consistently listed (name, symbol, address) on trackers like CoinMarketCap or CoinGecko.
  4. Review liquidity: verify pool size, lock status, and top LP holders on a DEX analytics tool. Thin or owner‑controlled liquidity is risky.
  5. Scan for honeypot/taxes: use security tools (e.g., RugDoc/CertiK reports if any). Be wary if buys succeed but sells fail, or if taxes are abnormally high.

Key risks to consider

  • Impersonation risk: reuses “ETHEREUM” name without being the recognized wrapped ETH on BNB Chain.
  • Honeypot behavior: contracts that allow buying but block or heavily tax selling.
  • Liquidity traps: tiny or unlockable liquidity that enables slippage games and rug pulls.
  • Centralized control: privileged functions letting the owner mint, blacklist, or pause transfers.
  • No backing: unlike legit wrapped tokens, there may be no underlying ETH reserve.

Where to check and trade (if you still choose to)​

Important: double‑check the contract address you interact with, and always test with a tiny amount first.

Safer‑interaction checklist

  • Start small: test a micro‑buy and a micro‑sell to confirm sellability and taxes.
  • Watch slippage: high slippage can mask hidden taxes or MEV exploitation.
  • Inspect approvals: limit token allowances and periodically revoke unused approvals (via your wallet or a revoke tool).
  • Verify liquidity locks: look for third‑party lock proofs and their durations.
  • Track holder concentration: excessive supply in a few wallets increases manipulation risk.
  • Prefer audited, well‑documented tokens: lack of audits or docs is a red flag.

If you actually want ETH exposure on BNB Chain

  • Use the recognized Binance‑Peg Ethereum Token at 0x2170ed0880ac9a755fd29b2688956bd959f933f8. Confirm details on BscScan and via official Binance resources.
  • Understand wrapped tokens: they’re representations of assets bridged or custodially held, intended to track 1:1 value. Always verify the custodian and reserves.

Red flags recap

  • Name/symbol mimics a blue‑chip asset but contract doesn’t match recognized wrapped version.
  • Unusual contract powers (mint/blacklist/pause), high transfer taxes, or sell failures.
  • Sparse documentation, no verified socials, and no consistent listings on major trackers.
  • Low, unlocked, or newly added liquidity controlled by the deployer.

Resources

Bottom line: the “ETHEREUM” token at 0x9c84…b051 on BNB Chain is not the official Binance‑Peg ETH. Treat it as a high‑risk asset, verify every detail, and only interact if you fully understand and accept the risks.

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