What happened
Stablecoin DEX aggregator Tower Exchange (@TowerExchange) posted a security alert on X on 12 November 2026 saying a coordinated scam is running under its name. According to the company, an account using the name "Jeff Maxwell" (Telegram @jeffmaxw, X @Jeffmxw) falsely claims to be a Tower Exchange founder and pitches fake "pre-seed rounds" and "investor deals" in direct messages. Tower also listed a fake Telegram channel, t[.]me/TowerExchangeSupport (about 17,900 members), a wallet-drainer website towerexchange[.]live offering fake "$TOWER claims", and four fraudulent pump.fun token contracts: 0x7dc11552294cf7b020141aDa8Ee853fDc69D7326 and 0x11Bd07d760e3415Cb6b91C6642E96F3773097777 (chain 4663) and 0x05DfD210cc485A59654f62C0102d7Da082e68c66 and 0xba881606D9c25FF264A0EDa23b252a5Ae84759E3 (chain 5042). Tower says it has not launched any token. towerexchange[.]live is also on Scam Sniffer's public scam-domain blocklist. Do not join, buy, claim or connect a wallet to any of these, and ignore DMs offering allocations.
How the scam works
Crypto phishing and draining sites ask you to connect a wallet, sign a transaction, 'claim' a token, or paste a recovery phrase. Once you approve the request, the operator can empty the wallet. Address-poisoning works differently: the operator sends dust or zero-value transfers from a look-alike address so that, later, a hurried copy-paste from the transaction history goes to them instead of to the address you meant. Always check every character of an address, and never connect a wallet or enter a seed phrase on a site you reached from a message, a pop-up or a look-alike URL. Official wallet and exchange brands named in a lure are not involved.
Source
Source: https://x.com/TowerExchange/status/2120813556622877085 (@TowerExchange, Nov 12, 2026, 4:38 AM ET)
