🚨 Common Crypto Scams & How to Stay Safe

 

 

If it sounds too good to be true, it’s probably a rug pull.

 

💸 The Crypto Scam Starter Pack

Scams in crypto are like mushrooms after rain — they pop up everywhere, and some are downright toxic. Here are the most common ones you’ll want to dodge.

🧵 Rug Pulls

The Setup: A new project launches with hype and flashy promises. Everyone buys in.
The Twist: The developers vanish — along with your funds.
💥 Gone. Like your trust in humanity.

 

Red flags:

No team info

No working product

All hype, no code

 

📈 Pump and Dumps

Groups (often on Telegram or Discord) artificially boost a coin's price by creating a buying frenzy. Once the price peaks, insiders sell, and prices crash.

You’re left holding the bag — and it’s empty

 

🎣 Phishing

You get an email, DM, or fake website asking for your wallet info or seed phrase.

Say it with me:
“Never share your seed phrase.”
Not with anyone. Not even your cat.

 

🐟 Fake Coins & Copycats

Lookalike tokens that mimic real ones (e.g. “ETHereumz” or “XRP2.0”)

Sometimes listed on sketchy exchanges or social media ads

Always double-check: token contract addresses, official websites, and listings on trusted aggregators like CoinGecko or CoinMarketCap.

 

💬 Fake Airdrops & Giveaways

“Send us 1 ETH and we’ll send you 2 back!”
Yeah, and I’m a wizard. 🧙‍♂️

No legit giveaway asks you to send money first.

 

👤 Impersonation Scams

Someone posing as a famous influencer or project manager DMs you.

They’ll use profile pics, names, bios — everything except... the truth.

Rule: If someone DMs you first offering crypto help, it’s a scam. Every. Single. Time.

 

🛡️ How to Stay Safe

🔐 Use a hardware wallet for large holdings

✅ Enable 2FA everywhere

📬 Don’t click random links in emails or DMs

🤔 DYOR (Do Your Own Research)

💡 Bookmark official sites

🚷 NEVER give out your seed phrase

🧠 Bonus Tip: Use Test Amounts

When sending to a new wallet or exchange, always send a small test amount first. Saves you the heartbreak.

 

Lets delve into crypto tech now, from smart contracts, DeFi and the metaverse.

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