Cardi B-Endorsed $WAP Token Under UAE Investigation for Market Manipulation: Is Celeb Crypto Promotion Fuelling Fraud?
The UAE Securities and Commodities Authority (SCA) is investigating $WAP, a Solana-based token endorsed by celebrities like Cardi B, amidst concerns that such endorsements could facilitate pump-and-dump schemes. Cardi B's promotion is under scrutiny due to its connections to a crypto wallet linked to previous scams.
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