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Unbelievable fake USDT Tether scams (WATCH OUT!)In this paper, we empirically explore the presence of counterfeit cryp- tocurrencies on Ethereum and measure their impact. By analyzing over K ERC tokens. Even though currency counterfeiting does degrade a currency's use as a medium of exchange (McKinney et al., ), the sheer volume of counterfeit products and. Spoofy is the nickname for a mysterious cryptocurrency trader who allegedly manipulates bitcoin and crypto prices. counterfeit. more � Altcoin Explained: Pros.