BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Epic Games CEO Tim Sweeney on Fortnite Cryptocurrency Scams

by BlockNews.com Team
June 9, 2022
in CRYPTO, GAMING
Reading Time: 2 mins read
A A
1
SHARES
13
VIEWS
Share on XShare in TelegramShare on Reddit

CEO of Epic Games Tim Sweeney tweeted his concerns on a cryptocurrency scam that revolves around his smash hit battle royale game, Fortnite. 

He lashed out at the crypto platforms that “support” the listing of the unlicensed “Fortnite tokens.” While he shows his openness towards metaverse gaming, he also cares for his player base, who may become victims of these fake Fortnite cryptocurrencies.

Tim Sweeney Addresses Confusion

Because these trading platforms allow traders to transact virtually any cryptocurrency, contract addresses need to be confirmed manually.

Sweeney talked about the Fortnite Token (FNT), which showed up on legitimate platforms including SushiSwap, PancakeSwap, and CronaSwap. He said that the FNT is not a real cryptocurrency and has no value. Furthermore, the Fortnite game itself has no connection to any blockchain, web3, or NFT technology.

Sweeney warned people to be aware of scammers who might try to take advantage of the game’s popularity. In addition, he advised everyone in the crypto market to only buy cryptocurrencies from licensed exchanges.

“We are investigating services that appear to be offering unlicensed, unauthorized trading of in-game items or currencies. These services violate our terms of service and we are taking appropriate action against them,” Sweeney said.

He also added, “You can’t use the Fortnite name and images without permission to market an unrelated product,” which is evident for any product selling. 

Still, the rules of cryptocurrency get bent a lot by Ponzi schemers and scammers such as those who established gimmick coins like Fortnite Token, Squid Game Token and Waifucoin.

Sweeney concluded his thread by saying that Epic Games is “committed to investigating and taking action against scam artists” who try to take advantage of their games and their players.

Fortnite and Its Never-Ending Fight against Scammers

This isn’t the first time scammers have used Fortnite as bait. In October 2021, some news stories reported that criminals were informing Fortnite gamers that they could trade their non-crypto V-Bucks for dollars by using an unlicensed “Fortnite Coin.”

The scammers then created a fake website that looked like an official Fortnite page. The site claimed that the registered player could use the new cryptocurrency to buy in-game items and even offered “free” V-Bucks for anyone who signed up.

Fortunately, no one fell for the scam – but it just shows that everyone needs to be careful when it comes to any offers involving cryptocurrency, especially if they seem too good to be true.

Tags: Epic GamesFortniteTim Sweeney
TweetShareShare
Previous Post

GameStop Releases Their Crypto Wallet, Still in Beta

Next Post

Terra NFTs: Market Showed High Activity after the LUNA and UST Crash

DON'T MISS THESE! HOT OFF THE PRESS

Pepe Coin’s Wild Rebound: Bull Trap or Breakout Brewing?
CRYPTO

Pepe Coin’s Wild Rebound: Bull Trap or Breakout Brewing?

July 1, 2025
Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling
CRYPTO

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

July 1, 2025
Pi Coin in July 2025: Rebound Brewing or Another Breakdown?
CRYPTO

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak
CRYPTO

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party
CRYPTO

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Load More

Related News

Pepe Coin’s Wild Rebound: Bull Trap or Breakout Brewing?

Pepe Coin’s Wild Rebound: Bull Trap or Breakout Brewing?

July 1, 2025
Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

July 1, 2025
Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.