In recent years, numerous projects have emerged in the blockchain world promising huge profits and misusing reputable names. One of these projects, Smart Binance Pro 3 with the token SBT3, has attracted 44,000 users by misusing the Binance name and advertising attractive income opportunities until March 11, 2025. However, a detailed review of the smart contract code and structure of this project reveals not only no connection to Binance but also clear signs of a pyramid scheme. This article examines the dangerous aspects of this project. Smart Binance Pro 3 is a smart contract based on Binance Smart Chain (BSC) written in Solidity claiming to provide a decentralized platform for income generation. The system uses a binary structure where each user needs to invite 2 others to the network. Membership conditions involve paying 100 Tether for registration and 200 Tether for increasing points (Max_Point). Rewards are paid periodically, but a significant portion of the funds is transferred to the wallet under the control of: 0x07418EC67B00D0B3f7a69f0984BB145FC29c85e0. According to claims, 44,000 people have participated in this project so far, but evidence suggests these numbers may be solely for attention-grabbing purposes. The binary system of the project, where each user must recruit two others to earn income, resembles Ponzi schemes. In this model, old users’ profits are paid from new participants’ capital, and with the halt of new user entries, the system essentially collapses. At the same time, reviewing the contract code also shows no mechanism for returning the initial capital and no defined secure exit for users. Another concerning part of this project is the _Set_Smart_Bank function that allows the operator to change the address of the main Smart Bank wallet: It should be noted that this function can only be executed by the operator’s address (OP = 0x0C18f53831Ad07e24987F02afd40cf3cF2423350) and allows them to change the main wallet address to any desired address. After this change, all transferred funds fall under the complete control of the operator. Based on available data, the Smart Bank wallet currently holds $250,000 of users’ capital. If the operator decides, with a simple transaction, they can transfer this amount to a personal account without users having any control over their assets. The Reward function responsible for distributing rewards also transfers some funds to SV: This line indicates that after paying rewards to users, the remaining balance is sent to the SV wallet. Considering the operator’s ability to change the SV address, this mechanism provides an easy way to empty the contract’s funds. If the contract balance reaches zero and new users do not join the project, payments will stop, and the last investors will suffer losses. Other bugs and flaws in the project include centralized control, lack of transparency, and dependence on new users. Overall, the Smart Binance Pro 3 project with its misuse of the Binance name, pyramid structure, and absolute operator control over funds exhibits all the signs of a fraudulent project. The presence of $250,000 in the SV wallet that can be withdrawn by the operator at any moment poses a significant risk to investors. In conclusion, if you intend to invest in a project, always review the contract code and refrain from entering projects promising unrealistic profits. Most of these projects are traps to empty unaware users’ pockets. In the crypto world, awareness and research are your best defense shield. You can view the live and real-time prices of all tokens and cryptocurrencies on the Momentary Price Page.
