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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