Thou shalt not shill: Fake ‘Vatican Chamber’ token presale exposed

Key Points

1. The fake 'Vatican Chamber Token' (VCT) was promoted online, falsely claiming affiliation with the Vatican Bank.

2. A Vatican Bank representative confirmed the project was a scam and denied any connection to it.

3. The scam included a misleading link added to the Vatican Bank's Wikipedia page to enhance credibility.

4. The token presale required high financial thresholds for eligibility, raising red flags.

5. The 'buy token' button redirected users to a Coinbase wallet page without proper KYC checks.

6. The incident follows other high-profile crypto fraud cases, highlighting ongoing risks in the space.