In his Twitter account, co-founder and CEO of Epic Games Tim Sweeney calls Fortnite cryptocurrency a scam.
Sweeney criticized “cryptocurrency exchanges” for falsely “supporting” illegitimate and also unlicensed coins using the “Fortnite” moniker.
Fortnite cryptocurrency is a scam
Although these trading platforms allow their customers to trade nearly any cryptocurrency, they must enter the contract address manually.
There isn't a Fortnite cryptocurrency. The Twitter accounts promoting such a thing are a scam. Epic's lawyers are on it. Also, shame on the cryptocurrency marketplaces that enable this kind of thing.
— Tim Sweeney (@TimSweeneyEpic) June 6, 2022
Sweeney was obviously referring to the “FNT” or the “Fortnite Token”. The said token has been exchanged for some deconcentrated tokens like PancakeSwap, SushiSwap, and CronaSwap.
Epic’s Fortnite is a wildly successful Battle Royale shooting game. Its introduction was in 2017 and it currently has over 350 million registered users globally.
Despite Sweeney confirming many times that it was a fraud, the Twitter account behind the unapproved Fortnite token sought to explain that it wasn’t.
‘Fair-launch, community driven’
The owner of the token’s Twitter account said that “This is a fair-launch, community-driven, Fortnite game fans-created cryptocurrency project with no specified owner or company structure behind it or a CEO deciding on its future.”
Tim Sweeney fiercely replied, “You can’t use the Fortnite name and images without permission to market an unrelated product.”
Meanwhile, the suspected con artists are also urging Fortnite players to use their tokens to create NFTs, which Sweeney described as a “scam.”
However, this incident is not the first time that scammers used the battle royale game as bait. In October 2021, some news reports cited that scammers were telling Fortnite players that they could use an unauthorized “Fortnite Coin” to trade their non-crypto V-Bucks for dollars.