Steve Bannon touts a "Fuck Joe Biden" coin that looks designed to scam investors
Around the holidays, Steve Bannon started touting a "Fuck Joe Biden" ($FJB) coin (formerly known as the "Let's Go Brandon" coin, and not to be confused with the other Let's Go Brandon coin) on his podcast. He and his partners have touted investing in the currency as a way to somehow "let your feelings, your primal disapproval, your primal disgust with Biden be heard" (and certainly not just a way to pad Bannon's own pockets). Reviewers inspecting the coin's contracts observed some unusual features, including provisions that allow the currency's operators to manually lock an individual's token balance so they can't sell (how decentralized!), though this of course does not apply to the operators themselves. One reviewer observed how this could easily be exploited for rug pull purposes, if the operators locked token holders from selling as they sold off their own coins, allowing them to get out before others started selling off too.