According to a member of the Ethereum community nicknamed “cyber_hokie,” a possible scam took place on the JustSwap platform built on the Tron blockchain.

According to the same user, the TRON Supernode project NODE was listed on the TRON platform last week, as the first digital currency for a DeFi project built on the TRON blockchain.

The project had a total supply of 100 million NODES coins and a total project locked value (TVL) of $2 million.

Mention “Cyber_hokie” about this project by saying:

One of the first DeFi projects whitelisted on Tron’s JustSwap platform, Supernode, appears to have been scammed by this new project last week, taking away $2 million in user funds.

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Then the project disappeared completely, and Twitter, Telegram, and their official website were closed.

But… they were approved by Tron!

The scam referred to above received little media coverage.

The user “Cyber_hokie” was also curious to know what the repercussions of the Tron Foundation would be due to its acceptance and participation in the addition of the project.

One user responded to the accusations of “cyber_hokie” by saying that the approval by the Tron Foundation is no different from that of other platforms such as Ethereum.

To reply “Cyber_hokie” as follows:

So why does Tron have a whitelist of good projects from fake ones.

What does it mean to say that real and fake cryptocurrencies have no meaning in Tron, because deciding whether something is fake or not is what makes JustSwap good?

Is the TRON Supernode project a fraud?

The TRON Supernode project may be the first scam of TRON’s DeFi system.

The project offered huge daily rewards to its users of 4.5% and 7.5% to NODE holders of cryptocurrency.

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Data from dapp.com and user reviews show that the platform has only 1 out of 5 stars, and since the scam reports a large number of users lost their money as the image shows:

Additional data from TRONSCAN shows that at press time, the funds reported by the Ethereum community member remained locked into the smart contract.

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One user commented that the platform is preparing for a relaunch at the end of the month.

However, TRON Corporation removed the project from its approved list, and provided the reason that the liquidity was insufficient.

So the possibility of a fraud scheme related to the TRON Supernode project is high.

The Tron Foundation has set up a channel to report counterfeit cryptocurrency or suspicious scam projects and they can be emailed to [email protected]

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