Epic Games CEO Attacks Crypto Exchanges Over Unauthorized Fortnite Tokens Listing
Epic Games CEO, Tim Sweeney says Decentralized Exchanges like PancakeSwap, SushiSwap, and CronaSwap should stop enabling fake Fortnite tokens on their platforms.
CEO and Co-founder of Epic Games, Tim Sweeney, has taken to Twitter to drag big Decentralized Exchanges for allowing the trading of fake and unauthorized Fortnite tokens.
Fortnite is a Battle Royale shooter game released in 2017 and has turned out to be one of Epic games’ most popular games, with over 350 million registered users globally.
The CEO tweeted:
“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 tweet.”
However, the Twitter account behind the ‘fake’ Fortnite tokens did not hold back, stating that the tokens are its ‘fair-launch,’ ‘community-driven,’ and ‘fans-created cryptocurrency project.’ It also maintained that the project had no owner or company structure behind it. Meanwhile, Sweeney fired back, maintaining that the individuals could not use the company’s brand name to market unrelated products.
This occurrence is not the first time unauthorized individuals will be dubbing the Fortnite brand. Reports surfaced last October that scammers introduced a fake ‘Fortnite Coin’ to exchange the company’s non-crypto digital currency, V-Bucks, for US Dollars.
The alleged scammers are not only trading tokens but are also persuading fans to mint NFTs with the tokens. In January, the token was at an all-time high but appears to be down by 96% and is worth $0.0000007673. Reports have also shown that few fans are trading the token as its daily trade volume is usually small.
Epic Games is a top entertainment company and creator of 3D engine technologies and has developed leading games like Fortnite and game engines like Unreal Engine. However, it has no Fortnite-related crypto, and GRIT, its upcoming Web3 project, will be the first game to feature NFTs.