I think Spielberg is trying to see how much money he can make & how many scams he can run at once by exploiting everything that has to do with his Wombat creation, the Polygon Hack, and his NFT App.

Editor’s note: This story represents the views of the author of the story. The author is not affiliated with HackerNoon staff and wrote this story on their own. The HackerNoon editorial team has only verified the story for grammatical accuracy and does not condone/condemn any of the claims contained herein. #DYOR

WAX, Wombat Exchange & $WOMBAT is looking VERY Sketchy

Web3 P2E Apps can't seem to get out their own way, or rather the Devs can't seem to stop thinking about their own pockets. I've seen it too much over the last three years, honestly. A Sh!tcoin is created (or not, sometimes the NFT is the malware/ransomware), branded/marketed as an Alt coin, but the token ain't anywhere near safe or profitable. It always ends up costing the player, even if the Devs get caught. ARKHAM revealed a lot of code & tokens made to just funnel money from one wallet to another so that no one suspects money laundering.

What is Wombat Exchange & The WOMBAT App?

Funny, there was actually an article written about WOMPLAY.io and the WOMBAT App, of which I'll link here so my fellow writers still get leads. It started out as a very legitimate & profitable NFT Gaming Startup with its own token exchange. And then users went from making $1k-$3k per week with near instant withdrawals to barely making a single dollar, even after staking NFTs & $WOMBAT to build it's value. And $WOMBAT was supposed to be on WAX, EOS, MATIC, TELOS, & ETH

Why Am I Telling You This?

The Devs literally do not care about your investing, your expected rewards, etc. They're busy Phishing, Pumping and Dumping, and honestly trying to turn this NFT game into a ponzi scheme. I think it's at that point in their scam where the money they're stealing drowns out everything else. Reviews for WOMBAT in the Play Store seem to be artificial & Spielwoks doesn't seem to give a f*** about their Dev profile. 4-5 star reviews seem to be from bots & critical reviews have gotten the same copy/paste fake apology since 2022. Mind you, $WOMBAT only been official for just maybe 5 years.

So, their App & Web3 browser makes you pay them to get unlimited access to all your private keys for the different tokens they offer; AND it's a monthly subscription. They claimed that subscribing gets you unlimited access to all your wallets on their app along with unlimited WAX, but the way their RAM is set up, you can't swap. AND they don't give you unlimited WAX, so you can't withdraw either. That's a Rug Pull.

How this Will Impact P2E, NFTS & the Cryptocurrency Industry?

I hate to seem used to this because Scams always suck, but at this point it's nearly a regular occurrence. I was doing my research for this article on blockscan.io and saw so many other tokens aside from $WOMBAT with the Phishing tag w their wallet profile. There were at least 300 different fake/broken NFTs tagged as either Suspicious, Spam, or straight up Phishing. Gamers will perhaps get tired of this and cut out NFT Gaming entirely or create our own software, specifically to Scam (or expose) the growing number of Scammers.

We may also end up with some kind of regulatory body over the Blockchain instead of it being decentralized with only Governance & Security Coins. Centralized banks definitely aren't going to back cryptocurrency any time soon because Defi is an easier target for scammers; but the very same currency that markets itself on being unhackable & decentralized is under near contant attack from Scammers. Because it's decentralized.

Final Thoughts on Wombat Exchange/Womplay.io Scam?

Be careful out here, honestly. Despite the fact running a legitimate business is more profitable and brings you more opportunities as an entrepreneur, scammers are going to do what they do. Scammers are going to keep up with their schemes & plots until things go so far left that they seem to come full circle, so I think us consumers/programmers/hackers should take a right and stop them in their tracks. They play stupid games (pun intended), they win stupid prizes. **That**should be the next Governance token added to the Blockchain.

Of course, here are some of those Google reviews

They tried to act like Womplay & Wombat are two different things, but Womplay is the browser that comes with the app. Before the app came, Womplay.io stood alone as the Gamefi Browser & Exchange.

SmartConverter (Proxy) (0xE73) Is simply a conversion coin with Zero monetary value, no White paper, and it just funnels stolen crypto to a different wallet trace here.