Recent reports highlight a surge in cryptocurrency scams, particularly targeting new tokens and impersonating well-known figures. The $TELOS token, launched just 10 hours ago, has been labeled a scam by users, with prominent accounts such as @pmarca and @shawmakesmagic following it. Additionally, there are warnings regarding a fake Buck the Bunny crypto token, with claims of ownership by an individual who is not the original artist. GameStop, the creator of Buck the Bunny, has not authorized any such token. As the $MORPHO token launches, the number of scams has reportedly increased, with some scammers even offering financial incentives for promoting their fraudulent tokens. Binance has issued a community safety notice, cautioning users about fake tokens falsely associated with its brand, urging them to verify information before engaging with new cryptocurrencies. Overall, the cryptocurrency community is being advised to exercise heightened vigilance against these scams.