Bitcoin Forum

By the end of 2020, along with the strong growth of Bitcoin, some people used the trust of many to scam.
For example:
- Create virtual projects,
- Create virtual tokens,
- Create an investment website for the purpose of calling for investment,
- Create an airdrop that calls for people to deposit fees to pay tokens
- ....
Everyone should be careful when participating in projects like that.
Thank you so much.

Thanks for the advice, we knew about all this already so your post isn't actually well fitted for this thread, you can move to beginners section for newbies so they can read and probably safe few of them who tend to listen to advices

This is just some of sweet promises or bullshit like planning, creating, waiting etc. unless it's released.

That's ponzi scheme and Multi Level Marketing

I think you need to add 2 more examples since that's currently FOMO and HYPE right now :
- Anything with DEFI project
- DEXs and Swap service giving free airdrop (e.g. Uniswap, 1nch exchanges)

This early warning is very important. Now people are curious about cryptocurrencies and fraudsters will take advantage of it. Many scam projects will be created and new investors should be made aware of this  :-\

I suspect that in 2021 there will be more such things. currently the price of bitcoin is very strong, and it is likely that the altcoin season will arrive in 2021, and there will also be many projects that take advantage of this moment. I thought scammers would improve their quality to trap investors.

These shows that we need to be always reminded that among crypto enthusiasts in the space, most of them can make us invest and get nothing in return. In other words, there are so many scammers in crypto industry. So we need to be extra careful and these fitted perhaps in every section. I mean we all aware about the risk but are we ready if it happened to us? So we need to be always reminded though moderators pin posted it but somehow this is worth a topic to discussed about.

Always verify and check the legitimacy of a website. For investment or service, you need to check each of the details that it shows because you'll get a hint if it's a scam. They may look like a professional website but with the content and the scheme that it explains, you'll get the idea if it's a scam, a Ponzi, or a project that only wants to take the money of its investors. Research is the best weapon for this to avoid and you'll get to secure yourself from those scam projects.

Various scams are already apparent for the past years and we cannot stop them. That's why it's also a part of getting into crypto space is to know how to avoid and keep yourself safe from scammers. Since the adoption is continuously growing, more scammers will use it to delude beginners. Remember to always be careful with projects you are choosing and to always do prior research.

And some of them are hiding as new projects in the crypto space. so be careful because they will use all the good stuff whitepaper roadmap just to get what they want which is your hardwork money. Invest only in legitimate project and don't be FOMO with a new coins with high price they will all lost its value someday so be careful.

I never support or like the approach to use virtual word to describe cryptocurrency. It is a word used to mislead crypto enthusiasts or potential crypto investors.

What is real? What is virtual?
Is the fiat in balance when you log in your bank account is real? Or is it virtual?

Bank balance, crypto balance are digital number, not virtual number. Crypto currency is digital currency, not virtual currency.

By the way it is not going to end in 2020 so we just need to be careful all the time whenever we are encountering such situations whether in online or at offline.But these ideas become very older and investors became familiar to it so we may see more innovative ideas from the scammers in 2021 so just be careful with scammer always.

Thanks for the advice. We must be careful at all times. We are not greedy. Many scam projects ask us to invest in the hope of doubling our portfolio. Which we later invest in greed. And our portfolio looted all.

This is an endless cycle, people will find ways to earn easy money. Scam is everywhere since crypto started, as time goes by people learn and adapt. Always practice caution and be aware of what you are investing in, if a project promises too much be wary. Just do your research before enggaging in any investment.

That's why we shouldn't be tempted by cheap things that will only make us seem like gullible people. not only be careful, but better avoid it. no project wants to lose. especially in these years taking advantage of the situation under the pretext of bitcoin. To face the beginning of the year, we must be smart in dealing with scattered projects, because 2021 will be more than 2020.

The major reason for the high scams jumping out is due to BTC pumping out. most of these projects are after btc. they wanted to dump their token on people and exchange it with BTC. we will see more of them as BTC keeps pumping. same can be noticed about bounties. most bounties are paying due to investors coming back to new project. we will see more in the coming days.

Hmm, with the 2021 on its way with few hours, I am pretty sure there would be many many projects that will release themselves with new energy and new promises which doesnt sound to be too good at first glance. So there would be many scams and noobs would be targeted the most in this instances.

The research that you are talking about will be done by old investors only and not by the new comers. So these project owners know very well they will have plenty of ICO investors to get what they need. (Money).

Engagement depends on one fact, whether these projects will be secured with some sort of bonds or not. For ex, project like USDT etc are already in the court hearings and we surely dont want that kind of project taking heads up again. With the new projects, there has to be many assurance then only we can be sure whether to invest or not.

The same thing that was happening a few years ago. The scammers are seeing the crypto got pumped massively and then they are starting to come with a promising project that full with BS.
It's not all of the bounties are paying dude. i have seen some people complaints about there were some projects that have gone.
swaphub and some scam finance defi projects. That thing that makes me sad there are still hunters blatantly joining in the project that already proven by another member as scam project.

As long as you don't have to spend money to take part in the airdrop or the like you can follow it,
but if you have to pay money, then don't follow it, because the possibility of a scam is very big, as an investor you must understand this trick, most real projects give for free, but scam projects require you to pay money to take your reward.

These 2 are common already. They are already doing this for a long time.
These scammers are just doing the same thing over and over again and unfortunately, there are many investors who are still falling to this traps.

Now with regards to airdrops, I've participated some airdrops in the past but I didn't ever tried to deposit a certain amount of ETH (still using ETH to transfer at that time) just to get shitcoins. Luckily that I didn't invest into any airdrop since most of them come out useless or shitcoin.

That's the problem with most of the victims who usually easily got fall for the scam projects like these. Like believing in such crap of giving such good returns. It's signigicant to spot a good project because new projects usually have a good to be true products or goals which seems to be impossible in the future.

Certainly, most of us here are wise enough than before in choosing a potential projects to invest or to join. Especially defi trends are now the scammer's new way to scam people.

Airdrops before were really different. They will just give you free money. However, you should discard them fast because they lose their value fast. Nowadays, you will rarely encounter a valuable airdrop. Sometimes you need to spend your effort for nothing. Not really participating anymore with airdrop as it becomes useless these days. But lucky for users who are actively trading in some exchanges, like TWT airdrop in Binance exchange or the 1inch.exchange, if you happen to trade with them for specific periods eligible for their airdrop. Now, that's real money out there.

Well said and I wish many people will take heed and do things differently henceforth. But the fact is, scammers and scam projects will keep coming up therefore it is left to us to leverage every form of investment security measures to ensure we don't Invest in scam projects. Also, many projects will be created promising unrealistic returns, in this case it is left to us to control our greed and overlook them, in the same way, airdrops will still keep happening and as usual, scammers will always use it to get what they want, hence in this case let's learn to point out those who are out to scam us such as asking for fees and/or private details.
Lastly, let's make good investment choices, coins like Bitcoin is the best all the time.

Is the campaign manager to blame for this, who neglects to deliver even penny projects and is not careful to give it to everyone, at least all the campaign managers use escrow so that the projects that arrive can be trusted to run real projects, not present fraudulent projects, maybe that a good solution going forward ...

Scammers are inevitable, they come from all faces that's why it's pretty hard to get rid of these type of people in the internet. I hope people that got scammed last year will be a big learning process to them, they're just victims and sympathize them of all their losses. Nonetheless, we should be more vigilant of all these schemes that are too good to be true and with that we can deny scammers little by little. 

There are many scam projects coming up under the name Defi. Before launching any project, the level of Defi is set and many investors are scammed. And it is a matter of wondering how long the defi project will last. The ico concept came in 2017 and some projects have made good profits and most projects have been scammed. So you should know well before investing in any coin.

You should always guard yourself once you enter this venue of investment, it will risk not only your money but also your time following any project that you think that worthy of following and investing in.


There are many scammers and hackers you have to anticipate and plan ahead before engaging to whatever plans you have.


Scammers are waiting and if you don't secure yourself then you'll be victimized quickly.

Just to add up. Skip projects that do have;

-Anonymous devs
-Non realistic goals
-Flowery words and making assurances.

When it comes to scams then its already a usual stuff into this market.You should at least used your common sense to make yourself
to be safe out of these frauds specially theyve been flooding out into t he market.

Since 2018, an increasing number of project scams have continued to appear until now. We really have to be careful in choosing projects,
I myself have been very selective in choosing projects to follow. Still several times following a scam project, because scammers are getting
smarter nowadays, making fake projects really look like real projects. So in-depth research must be done to really avoid project scams.

These scam project comes more in every bull run season, back in 2017 there were numerous number of scam project promising high return on investment to newbies which they got them a lot, scam alot of them of their funds. This incidence is been done on telegram to be performing.
- Fake escrow service
- Promising them signals.
- Trading with high ROI

This is another period of staying vigilant never to be a victim of any of these fake projects, you can perform these to avoid those scammers.
- Don't respond to pm from Admin, pm Admin first.
- Never follow project with high ROI
- Perform diligent research before investing.
- Run a plagiarism check on their whitepaper and other articles.
- Thorough investigation on the project teams.

In this industry, of course, there are various types of fraud and we all of course have to always be careful and also don't be easily attracted by lucrative offers. but I really don't like the last point you mentioned, about airdrops which require participants to send fees to claim Airdrop tokens. Most of these airdrops are scams.

Yes i agree, too many project scam especially so called DeFi project with its yield farming, please becarefull with your hard earn money and only put the money you can afford to lose. Even if you want to put to the legit project like MYID and XSL ( in my opinion bothbproject pegit, because the people behind the project dare to be known or not anonym entity )

I think this is not only for cryptocurrency, all types of investment require caution, even if there are no scammers, investors are required to be careful when investing, that's why in investing an investor is required to do research first.
But indeed, investing in cryptocurrency carries a very big risk when compared to other places, especially the risk of investing in a scam project, but for beginners it's better to invest in major coins to avoid scam projects.

The same thing happened in 2017. Whenever fresh money appears on the market, scammers also get active. The same is happening on every financial market, not just the cryptocurrency market. Always be careful, especially when something looks too nice to be true.

After what happened in 2017 and there after  I'm pretty sure many investors have learned their lesson especially old investors, they now know what to look on a project, it's potential so far many new projects are caught trying to scam investors they are expose, the community is now good in hunting these bad actors.

Even when the market was on the bearish trend and the scammer will be also very active to create more and more scam project. It's sad to see that there are still some people who called cryptofull with scammers while they didn't see the reality that happened with another financial instrument.
Scammers are everywhere and Im always seeing people got scammed through various ways every day.

It’s not a new thing but it’s good for us to always talk about it so that we can remind ourselves to be cautious with what we are doing, because if we are not, that’s when we fall for their traps. And another thing is to let newbies be aware of what they are into and be very careful as to not lose their money in the hands of scammers that promises good deals which turns out to be fake at last.

Why I am saying this is because some people will always things like we already know about it or that the op should stop repeating topics that has already been posted, nah there is nothing wrong with this post, it is very important to always have a reminder.

fraudsters are indeed very difficult to eradicate, especially in the present moment, so for that, let's monitor it together and immediately send information to the public about crimes that can harm us.  stay alert and always be smart in viewing offers.

What about all the Uniswap clones coming out?  Are those essentially scams?  There's a ponzi-scheme like element where they're not doing anything new, and then just launch a governance token.

yes, it is true that fraud is always around us and scammers have thousands of ways to deceive their victims. but you seem to have forgotten to mention Defi. Nowadays Defi trend has become a new alternative to Scam action and you / anyone should be careful and alert before taking part in it.

Yes this is surely a good thinking because there are many scam project coming everyday so we need be careful before investment those project. A clear scam project going to listed quickly an a exchange like uniswap after some days later there going to scam from investors. So properly our believe very less in new project.

Without knowledge better to stay away, riding with this project is very risky though chances to gain is very possible if you have strong knowledge

as taking your investment will allow you to position yourself in the place and in the right time. Everything that you needed are learnable the more

you have your interest the more you can pick the right project away from any scammers around.

Everyone needs to rise their awareness so as to spot out any scam project. Not many investors are as smart as us and therefore, we have a duty to expose and destroy scam projects. In 2017, there were hundreds of shady projects created just for only one reason: to deceive investors and steal their money. Right now, we are standing at the middle of the all time high and no doubt that thieves try to abuse the situation.

Be careful. You are free to ask anything on this forum. Therefore, make a question before investing in any shady project

and this is what scammers use to attract the attention of the masses. on behalf of DeFi, trying to get broad market support, unfortunately, it is not supported by a clear product,
so it seems rushed and gradually disappears.

Lately, there have also been many new DEXs that require us to link them to our wallets, be careful, it could be a trap that puts your assets at risk. make sure to use a separate wallet from your main wallet,
always be careful.

The scammers were moving to the new trend and they were creating the fake project to fool the investors. Defi trend has become the way for scammer to scamming the investors.
People should do DYOR before try to participate in any defi ico even the defi ico that claimed already locked its liquidity can do rug pull.
it's too risky to participate on it right now.
The scammers become even smarter than before consider they started to use the various action command for smartcontract.

It is not new in crypto scammers are always there and the only way to avoid scammer is to search on the project that you want to invest and be careful on investing, if it involves money and asset we need to be more careful because it is really hard to earn money and if we fall into scammers im sure that all our money and asset will be gone. The only problem is to identify the scam and legit poject, i believe that the legitimate project is being handled by the trusted team, so we need to search the team background history.

maybe the best project is one that has a physical form, or something that is currently very useful. however, there are already quite a few projects that have become scams that have no real programs. In fact, from various types of crypto project fields that have concepts such as gold, robots, AI, and others, many have become scams at this time.

almost all the methods are the same so it will be very difficult to detect. At the start of the bounty, everything will go very well, from rules, spreadsheet calculations to distribution. but what will be difficult is when waiting for coins to be listed on the exchanger, it will definitely take a very long time. and the possibility is that it is a scam, or it is already listed but the exchange rate is so low it can also be called a scammer.

Thank you for your advice. I experienced many projects which smoothly flows until end and tokens are distributed. The problem is I am waiting on listing. Unfortunately,until now they are not on exchange. It is hard to detect. Scammers are everywhere and yes we should be very careful.

The listing can be done only by the developers but as supporters and you can also try to ask the exchange site to list your token but the problem is I didn't even believe there will be a supporter that wanna try to put his money into the risk or paid the listing fees. If the developers already raised million dollars worth of money and then that indicates if the developers were scammers.

Even when the Bitcoin was not in its all time high there's a lot of scam projects already that scattered not just here on the forum but also off the forum, that's why it's important to make your own research and study the project.

Especially many Defi projects which in my opinion are only fraudulent schemes. I've almost been fooled several times. better avoid your risk of investing in unclear Defi or new altcoins. This is the same as you are gambling because you don't know in the future they will be accepted by the market or not. so many scams that have occurred nowadays

thats a great advice for me and aslo for everyone who are intrested to invest in new project
but now i am adding one more to this that those project who force you or request you to invest
they must not be genuine. project because genuine project impress people by his roadmap planing and his project concept
so those reason people love to invest in his project.

Most new projects have websites that promise or look real so it can be quite difficult to determine which ones are real and fake. Many people misuse the crypto industry as a dirty income field, scammers are always around us and anyone needs to be careful before putting money into any project.

Scammers are all around not only in crypto because they have same mind but different faces for dirty income from innocent peoples but for this all we have to be very careful because if we able to check all related things about project this can help us a lot and we can avoid these scam projects mostly greediness kills because most of investors after having news about good profit want to take advantage and lost money we need to guide them about this all with better way.

They all just want to take investors' money. We can see that the average after sales and listings are no longer updating. This is a huge scam scheme in my opinion that discourages many people from investing in new altcoins. we just don't know whether the future is good or not.

Unfortunately, this has always been and will always be, because the cryptocurrency sphere is becoming more and more popular every day and scammers understand that in the cryptocurrency sphere they can very easily deceive people and earn millions, so nothing can be done here and we must always be very careful.

Those are just type of projects that aren't into long-term actually. They're just there for a short-term profit and then abandoning the coin like an exit scam, leaving no traces behind. Not sure why people still believe in airdrops, as if the last one I've got long time ago tried to put me and bait me into their phishing MEW site.

There are indeed lots of scammers out there who want to take advantage of the ignorance of other people, their main goal is to get the money. That is why every person who wants to start making money here, make sure you are well-informed about cryptocurrency and about choosing a particular project you want to invest your money in, there are some things you should consider before choosing a particular project. That is make sure that your money can grow bigger without losing it.

It is really difficult for newbies to find out which is the original and which is the fake website. The right information should be taken to protect yourself from scams by refraining from investing as soon as you start your crypto journey.

Crypto users who rush to invest are often the victims of scams by scammers. Investing in a lucrative offer is like handing over your money to someone else, and he will run away with your money anytime.

Already so many times in the cryptocurrency market, every time scam projects are more available than legitimate. We can only minimize all of the scam projects, but can stop it. Scam projects are more available by this growth of cryptocurrency. Advice won't work every time, we should learn to check everything about new projects.

to date there is no solution to the scam project it is difficult to distinguish between good and bad projects sometimes they disappear at halfway
and they disappear at the time of sale if you want to avoid a scam project, my solutions are thorough and always follow the developments

this is why i stopped investing in those projects a long time ago. because even if you do your research and the project is seemingly legit, with all the published profiles of their team members, with well-written wp, still, no assurance that the project will be successful. they may not be scammers. but if the platform will not hit it off in the market, they will still be a failure and they will just abandon their project. now, how can you get your investments back? not anymore, it's considered gone. so i guess, the best way to avoid being screwed, is not to invest with new projects. stay with top and established alts for now.

You will fall into them if you let things happen.
Any stupid promises and attractive offering could make greedy people suffered losses. This kind of trick has been widely spread around, it was really hard to find if that particular project is a scam. In fact, even some investors who have been in the market for a long time have also become victim to this as in the first impression you can't see that was a scam but a potential project and later on, they just realize that they got caught into them.

scam projects were an issue from the beginning of ICOs, but they were not as much as they are today, it is really absurd, back in 2017 a scam project was a discussion topic for all bitcointalk users, because we weren't that used to it, but now sadly, scam projects are part of the crypto community.

It's easy to determine the scam project. The scam project will always try to mention fake partnership or something else. Scammers are everywhere and people who are hating crypto will always try to say that crypto is bad or something else. I have been hearing this since a few years ago before crypto becomes famous.
It's a common thing to see there are some people still saying it right now.

Fraud methods aren't new, but they are always improving with trends. Defi projects are the main direction where scammers aim to trick you, people's greed is too great when they see defi projects skyrocketing, wary of ourselves.

Scammers will always there and this will be forever because the scammers were coming from the intention of someone to get the money easily by fooling others.
DYOR is a must and anyone must always try to do the best to analyze the scam project. This will prevent the scam project to scam them all.
There are bunch of scam projects right now, especially from the defi field. People must put DYOR as the priority.

It is a typical form of fraud that can be detected by a thorough evaluation of the content of the website and whitepaper. Thus, it should be prioritized as it will be the guide in identifying the underlying loopholes in the project. Furthermore, it is useful in understanding the proposition of the project in a specific issue. Unfortunately, some investors are influenced by greed and invest in a project that proposes a high-yield profit. In which they take the risk despite seeing the red flag, such as questionable ROI, poor content whitepaper, and website, fake teams. Regardless, they should be responsible and wise in trusting people with their funds.

there are websites that are easy to spot and there are profesionaly made but scam inside . not all are easy to spot if they are a scam and who would have thought that a project that has a partnership to some big companies a scam ? but basically investors jump on to the conclusion and will say this is legit and i will invest on it because i smell big profit but again research should be done first . there are crypto haters but they can hate crypto for different reason and not because they see that there are so many scams on it

There are lots of awareness about this but it's sad that there are still so many people abandon this awareness. So many times some members have been creating the thread about that but the hunters are still trying to put all of their effort to get the more projects based on the quantity rather than quality.
The hunters must realize it and if they keep doing what they have been doing and the scammers can fool them all.

Cryptos are in bullish trend now thus opportunities has been unveiled for scammers to steal from gullible or newbies, they devised all sort of tricks to scam investors, some of them use YouTube showing fake profits in a bid to entice viewers to pay some amount of coin I always emphasizes on doing thorough research before investing on any projects. It quite unfortunate despite all this warning some people will still go ahead and invest those projects especially the so-called DeFis.

All of the above mentioned by you happened both in the last bull run and throughout the entire time between them.
It's just that during periods of a bearish trend, there are fewer scammers, since deceived people try not to fall into the same trap twice. But in the current case, many new people come to the market and fall prey to scam.

I agree with this opinion that in 2020 there were many scammers .2017 was the same. We must not despair and continue to work, invest and carefully check projects. !!!!!!!

where there is big money spinning, of course there will be opportunities for people to commit fraud, including in crypto investment which does seem to be a pretty good land for scammers to get money, as a bounty hunter of course we have a big enough responsibility in promoting a crypto project. so of course we must always be vigilant and careful in choosing a project for us to follow so that we don't get caught up in a scam project that harms us and the investors later.

Scammers in the crypto world are always there, even they use various ways to earn  money easily. So for  beginners do not get  caught up
with offers that promise a lot of refunds. Like an airdrop with a big prize, but you have to  spend a  certain  amount  of ethereum or bitcoin
to get the prize. Don’t do that, even if the requested amount is not large. If multiplied by a thousand people who send, it will be enormous.

For airdrop you can do like that, but at least for bounty we need to invest more time to know about the project, because we will invest our time for doing some bounty task. I hope 2021 is a good year for many new project  ;D

the amount of scammers will increase year after year. moreover, some projects have a good improvement continously. it's a good progress. but nowaday, it's easy for some people to create some fake token/coins now, which mean they also give a chance for scammers to do their action.

Scammers are multiplying each year, they can adopt every updates and developments.

Be very careful as there are scammers who are good hiding from this market, they can easily create tokens that we may think is good
enough or trustable enough but in the long term process once they've already achieve their targets they'll just simply runaway with investors money living the project to die along the way.

There were lots of scam airdrops and bounties  in crypto industry last year that's why i am being lazy now to join those types of waste of time airdrops and bounties. For newbies, always check the legitimacy as much as possible, if too good to be true then make a second thought of joining.

After bitcoin price increasing, many project release at the market and many of them attract many investors to invest in every project. Still, unfortunately, many of them do not search for more info about the project. The investors attract to that project because they read on social media and other websites that the project will have success in the future, and the team can convince them to invest in that project. But it will not take too long to know the project scams them or not because after they give them money, people behind on the project will run away with the money without telling the people.

not just right now, but many project scam that have occurred since ICO, therefore I rarely invest in ICO or new project, because I prefer to invest in project that already have a product and already listed on exchange, then I usually prefer to invest in altcoin that are in the top 500 coinmarketcap and have a high trading volume, because it is safer and can give me a big profit.

Yeah, The 4 points that you mentioned above are their main strategy for carrying out their mission, usually they always offer big gifts to get the victim's attention to join their project. The growing a development of the crypto industry, scammers are increasingly proliferating, and they will always be looking for ways to get money in fraudulent ways.
Let's fight scammers by reminding each other, we must always be careful and do some research before deciding to join a project.

As much as the date of your post, the value of Bitcoin has achieved another ATH and along with it is the creation of a lot of Alternate Cryptocurrencies platforms that will only be hyped because of the rush in Btc's value. Its true that we cannot determine which project will pursue its development as long as there are users but there will be surely some platforms that will only be working until the developers gain their profit.

The bounty hunters are having the responsibility to DYOR before try to join in anycampaign. I have seen so many complaints that created by the hunters regarding the scam bounty while there's a scam accusation against  it already published before the end of bounty. The hunters didn't even watch it and they got scammed.
The hunters are so blindly. They didn't care about the analyzation that will prevent them to participate in scam bounty

That’s how scammers, always take advantage of good moments to create cheating and fraud. When the bitcoin market is good as it is today, scammers
will come up with various plans to support their plan for success. But there are always many people stuck, especially for those beginners  and for  those
who want to earn a lot of money instantly. Those like that are very gullible.

This is a very simple but important warnings, and if I was the op, I did also add:

-refrain or stay away from every airdrop on telegram, be it hosted on groups, channels or bots, they are all 99.9 percent scam.

Being able to find good and truthful crypto start this days have become like night mare, there are no longer serious projects with mindset of succeeding no matter what, what they do now is they sometimes come out genuinely but if they are not able to raise enough money to fund the project, they either run away with the one they raised leaving the project to die slowly and people loosing their time and money or they refund the investors leaving the bounty hunters and other people who took time promoting the project to lick their wounds, it's an unbalanced world after all.

Scammers are an Infected part of crypto industry unfortunately it's impossible to vanish them forever, they will always come up with their poor intentions of ruining the crypto industry but they won't successful if people always being aware and spread awareness between new people so they could protect themselves to fall in scams.

Newbies often want quick benefits, they don't update their knowledge. Actually, on each ANN thread there are a lot of comments about the project's credibility, they can follow but they don't do that. Scam projects never go away, they're like parasites.

When the increase of Bitcoin happened, there were also a big influx of projects in the market and have been attracting many investors enticing them to join in those projects. Many of the investors of course did not do a lot of reading and checking on these projects and ends up losing their money because some of the projects are scams. Those who always use social media will tend to check for information, only on social media and then will not do their part in making sure they get real information.

I honestly thought I was the only one seeing those fake uniswap and 1inch airdrops everywhere on telegram, after the uniswap airdrop that marveled alot of crypto enthusiasts, scammers began to create airdrops with names that are kind of similar to uniswap, same thing with 1inch and they were promising huge amount of money about $1500 for completing a simple task like follow us on Twitter like and retweet their post, in the end they are all scams, none of them will ever pay.

It's also sad to see incident after incident about fraudulent projects that always happen, where maybe many are expecting something because of the pandemic situation that occurs. but what was expected was not fulfilled because of the greedy man who manipulated many irresistible projects without looking at any situation. especially with the high enough increase in bitcoin, many hope that there is a good and profitable project but it doesn't sound like that, in contrast to when bitcoin rose in 2017, many were helped.

The behavior of the fraudsters has indeed continued to grow. It is clear that social media plays a very important role and now it is starting with telegrams which are used as a means of fraud and sweet promises.
The problem is that this cannot be finished and there are no actions that can prevent it from being repeated.

That's the reason why doing lots of researches upon entering the crypto world is important. There will always be scammers everywhere and the best weapon that we could have to beat them is awareness and enough knowledge. Also, we shouldn't be greedy and keep in mind that aiming to earn easily without exerting an effort has a big risk.

Of course, in this case all you need is knowledge and accuracy before investing in a crypto project without any accuracy, of course we will enter into a scam project and only give losses continue to monitor how a project is flying With activities it we will know that the project has good prospects or not for the future

The situation of scams has really reduced especially from outsiders who use influence of ignorance. The main problem lies within our self, just yesterday, scarescitydefi stole 70+ eth from private investors, they were supposed to add liquidity since on 14 January but they have gone silence without communication with the community.
This sadden my heart any time I see developers hide behind defi to cheat people there hard earned money.

^ scammers will never stop and it has become a habit for lazy people. the best way to avoid scammers is to protect ourselves with 3 things, that it's

* don't be easy to believe with high ROI
* keep in your mind that investing is full of risks
* don't be lazy to do more research with the project you are targeting

Remember, only you can save yourself from scammers.

Many people are tempted by the offer of large returns so they easily enter into ponzi investments, my country every time have new victim with ponzi investment project where giving each month with 5% until 10% from your salary, but never make them tired with how many time scheme project joining keep not make as experience for the future with high ROI giving by investment project become scam later, I think we need give them education and teach them how trusted investment and how come to get ROI in investing project.

It has been the same thing that we always tell people over and over ever since crypto got popular and that is to ensure that you have this skill in knowing what is a scam and what is not. Much better if you learn first which projects are popular possibly the top 100 coins you can start with them then make a decision which of these you want to invest with. If it is a totally new project then you need to work double time to get the information that you need to know if the project is trustworthy.

Nothing new about the scam examples above. All of them already appeared in this forum many years ago. Only Defi scam projects may be a new scam scheme currently. It is not surprising if many kinds of scam schemes, scammers always find out new ways. Moreover, if the scam schemes are already familiar with people.

Yes you are right i saw many airdrops which offers more than 100$ for just simple task but at the end they asl deposit fee for withdraw and we all now that airdrops are free.
Some of my follower also pay fee and loss it. New to crypto may be victim of these scam projects. I advise every newbie to ask senior before taking any big action on unknow project.

Scammer have move with scheme way how to get much assets from trader or investor, maybe they are familiar with project investment but now have any way with scheme by using dapp wallet, you know how many exchange using dapp wallet and you can connect with metamask or your trust wallet application, so they make virtual coin and need ask to connect with your metamask wallet, when connected all your detail account know by scammer, so be careful with dapp exchange.

scam are hard to get rid of in the crypto world always a lot and popping up every day only thoroughness can keep us from a scam project one of them continues to follow a project that we invest see how the progress is going when it looks negative it is better to leave the project because of the big expectations of the project is a con's project

Yes you are absolutely right. I don't understand why people cheat millions for a little money. The image of this industry is tarnished due to the scam project. You all have to pay attention to that. And must be vigilant. If a particular policy is enacted, it can be controlled.

Even though I don't take part in bounty projects but I don't want to spend my time on fraudulent projects, at least I'm more interested in spending my time trading or discussing about new projects or about Cryptocurrency growth, and it becomes a science for me to be able to analyze projects that are really big ..

If you like to analyze projects, I think you could prove yourself as a scam investigator. It is these abilities that can save bounty hunters from wasting time and reward. It is mainly up to research the project whether bounty hunting is profitable or not. Of course, we are not always able to detect scams, but after careful research, we can significantly reduce the risk.

That's good you know how to differentiate those scam projects to the legitimate. We need to analyze and research everything first before considering to spend our time on that matter, most of the time people are fall for this things because we want to earn so easily and we did not think before we join. Unfortunately many people did not do this the right thing that's why still many people wasting their times. but  I think even though it is promising and have a good documents, if they want to scam people they will do it.

It's very profitable when you can invest into the new legit projects. i have invested a few thousand dollars in poolz and this time it grows a lot.
So many people are only taking the bounty as their side job only to help the project to get more exposure.
The problem is that will need a lot of time to analyze the legit projects.

If you are not hunters and don't mind this awareness.

Now thanks to Uniswap you can quickly profit from scam coins until this moment the high commission of ethereum protects me from such misconduct. Therefore, before using this exchange check the contracts again. I recommend you spend a little time and not money.

We get new news about the fraud every day. There are many people currently interested in Bitcoin. These people can talk to fraudulent people for help.
Scammers can easily deceive uninformed people. Newbies can get help especially from this forum. They should never trust one person and should ask questions to more than one person  :)

When the bull run is on the cryptocurrency market, a lot of new and inexperienced users appear. This is the best moment for scammers. They promise huge and quick money, and naive people believe them. That's why we are now hearing about more and more scams.

Scam projects will never end because it was profitable and easy money for scammers. They can make more fake projects if they want to earn more. I guess one of their project will earn them thousand dollars. We don't want to make them rich right? so we really should careful when choosing the project to invest. Newbies will always get victimized so I hope they aware of scam projects.

knowing which projects are scam and which are not is very difficult, I admit it, and we can't stop people who want to scam, what we can do is remain careful, thorough and continue to add to our insight into the world crypto in order to avoid a scam project

Now scams are rapidly gaining popularity due to the use of the names of public people. People believe than invest and end up with nothing. But who will blame for this? If a coin loses its popularity and becomes not in demand, then it has no choice but to become a scam.

2016 there are not many projects. When compared to 2017, I saw so many new projects with the popularity of ICOs. the market is increasing and that is also the reason the scammers are getting bigger. 2018 to 2020 seems to be the year when the market is experiencing a decline in investor confidence. but mid-2020 is a good start when investment starts to pick up again. but I think scammers will continue to adapt. If people have been in this market and forum for a long time, I think they must know how the character and project is a scam.

it is true what you have said now. because now is a big moment for con artists to act in various ways to be able to make money. Bitcoin is currently trending with exorbitant prices which makes many ordinary people want to dive into crypto for profit. but we advise beginners to be careful not to get into a scam project that currently has many types of scams.

you are right as of now many project are just coming to limelight with wrong motive and myopic roadmap, and it tends to be fascinating people fall for it and get scammed, my advise is to do thorough background check of the manager and probably the team before investing. 

It is true that the turning point is in the middle of 2020 and it is certainly very memorable,
and when talking about scam projects as far as I can remember it has been around since maybe around 2017,
because with the increasing number of scam projects we have to do some research before joining,
especially for newbies so that later they don't get caught up in a scam project

There are a lot of tips we can get from this forum on how to avoid scam projects currently circulating on crypto forums, as you said, we can't completely avoid existing scam projects but at least we can avoid that by following the project that is handle by a trusted bounty manager because I am sure the bounty manager will do in-depth and thorough research before handling the project and get used to following projects that do have escrow in every bounty payment or bounty project that already has tokens /coins listed on the market.

it was a wise choice. unfortunately I myself am not so sure about the big name of the bounty mananger. If you look at first, many bounty mananger names currently may not get a project or have even stopped promoting a project. From 2018 until the end of last year, I think the project scam cannot be handled seriously.

sometimes a project will show an indication of a scam after the project has finished making a sale or has finished a bounty campaign. Some early indications are still in doubt. but when the sale and bounty campaign is over there will be a clear indication of a project scam.

yes with the initial terms on project development those might happen casually as developer might have with least on preparedness on funding and work of more on following terms as gaining more popularity with the project as have with distinct on product and service to deliver offers for future public of audience.

Scam increasing day by day. We can see crypto based scam project too much. Investors should be careful.

scammers scamming various cryptocurrency by showing temptation of profit.

Scam projects rise in numbers when new strategy or ideas are been born in crypto space, right now DeFi projects are the most attract to scammers right now, so if DeFi is on your mind make sure you walk carefully and do deep research first

Getting involved in cryptocurrencies and crypto world, you really need to be wiser, more vigilant and more cautious in order to avoid fraudulent and scam because there are plenty of advantage taker and scammer just roaming around the crypto world waiting for their victim. Keep in mind those attributes in order not to fall on their traps.

The situation today reminds me of 2017, when the market was just seething with scam and a lot of people stopped investing. It was an ICO boom now there is no ICO but there are decentralized exchanges that sell ETH tokens. Isn't it the same? =)

I agree with your opinion because the price of bitcoin soared makes it easier for scammers to commit fraud by creating a virtual website for investment with a payment method using bitcoin. I hope we can all tell the difference between the original project and the scam project. so that we can avoid scam projects and lose the assets we already have.

Scam project coming from ICO or IEO although you see listed on bigger exchange, I think scam project not only developer run away and not responsibility with his coin but scam project have lower price under IEO or ICO, they not have any way how to make ICO and IEO have higher price, never take risk with scam project basic on ICO or IEO.

buying tokens/coins when IEO on major exchanges does not guarantee we will be safe...
requires more research on a project so that our funds can be safe when we invest. there are also many tokens/coins that IEO at Binance and probit end up scam or have no value because there is no seriousness from the developer towards their coins/tokens.

Different tricks are as of now clear for the past a long time and we cannot halt them. That's why it's moreover a portion of getting into crypto space is to know how to maintain a strategic distance from and keep yourself secure from scammers. Since the selection is ceaselessly developing, more scammers will utilize it to mislead tenderfoots. Keep in mind to continuously take care with ventures you're choosing and to continuously do earlier investigate.

Buying tokens from top exchanges IEO is far more safer than anything in crypto space right now, top exchanges don't just bring any random project for investors to invest money on, the projects are always top notch, still I still recommend doing your own research first, binance launchpad never failed me

Guys, we can't ignore scammers and we can't completely clean the crypto industry from the scams. The scammers are there for cleaning the market from weak hands who have ignored the simple investment rules it is not ethical but mother nature is cruel always. Be careful and don't believe everything you see on advertisement channels.

Mate, those days are gone. It is harder now to find the safe IEO on well-known exchanges, almost all projects tend to take token sale offers of small exchanges. Investing is hard in the new projects but some projects still worth taking risks in the long term. Binance Launchpad is dead too, I am sure there is no more than 1 successfully launched IEO project on Binance per month.

The cryptocurrency market has always been and will be a huge number of scammers and hackers. Everyone who has been on the market for a long time knows this and uses all precautions so as not to lose their money (for example, Trezor cold wallets). And all the addresses to which you transfer money and sites must be rechecked several times!

This kind of schemes will not stop, they keep coming back everytime but you have to be careful of such projects. Don't give to get free things, only invest in project that is worth it by researching it well enough.

This is true but mostly for what is called "meme" tokens. The biggest tricks are ICO/IEO exit scams and Uniswap rug-pulls. I've fallen for at least two rug-pulls so far.

Many time I found with scam project and the owner always the same person with last scam project, there are we know investor most stupid why can't identify with scam project or not. Now not have any chance with ICO and IEO best way for investing because almost scammer make ICO and IEO project without listing on exchange market after ICO ended.

Scammers in the crypto world are always there, even they use various ways to earn money easily. To date, there is no solution to the scam project it is difficult to distinguish between good and bad projects sometimes they disappear halfway so we really should careful when choosing the project to invest in. Newbies will always get victimized so I hope they aware of scam projects. I think you need to be careful not only about investments but in general about everything related to cryptocurrency.

at least you must give them a solution how to avoid the scam projects. depth research and analysis still not enough. every scammers are really smart day by day. they look like very serious about their projects, then disappear after the sale. there are so many ways for us to earn some profit from cryptocurrencies. we can do a daily trading or investing our money in trustworthy coins for a long time. don't focus only on ICO projects, IEO, etc. but i'm sure todays some newbies won't involve themselves with cryptocurrency without knowing anything.

Indeed, before joining the project, make sure we have to do research first,
and that I think is very important to do because we know for ourselves many projects that end in a scam,
I hope we can all avoid a project like that because it's very unsettling for sure,
and I hope the newbies are not swayed by what he has to say

as developer gains with chance as improving release with the decision on referring models, investors might have with details of contrast of information about the project as running with the development. and soon to follows with chance as disputing funds and resource to work on involvement with the project.

This are all scams, they are all over the place right now, one should be careful not  to fall for this scammers and their promises of giving you high profits in return, just stay away from any crypto doubler.
As long as you don't pay to receive tokens you're free to participate in any airdrop, but once a certain amount of fee is required to send the free tokens to you just know in your heart that it's a scam, airdrops are free tokens for freebies who would perform a certain task like Retweeting a post, following a Twitter account etc to be able to qualify for the airdrop, so if at the end you're asked to pay to recieve the tokens just walk away it's a scam.

Where no legal regulation there will always be a place for fraud. So the question itself arises why the creators and developers of the Ethereum platform, on which most of the scam is created, do not take any measures to combat this phenomenon?  ???

thats right, too many project scam, but a lot of good project born too my friend
in this case we must prepare for all conditions when we decided to invest in any kind of cryptocurrency project

The answer is very simple. Blockchain and cryptocurrencies represent decentralization, not regulation. Decentralization is a choice, but also a responsibility for your decisions. If someone decides to give money to a stranger in internet (or even an anonymous person) just because they are promising something, it is their choice. What happens next are the consequences of his own choice. If someone is irresponsible and needs protection in the form of regulation, then the cryptocurrency market is not the place for him.

It is common knowledge that in fact there are many scam projects,
and with things like that of course we must be careful in joining the project make sure we research before joining,
the more experience we have, of course the better so we are smarter in choosing projects

I think you are talking about two different things. Altcoins are projects that create coins to be a universal or industry-specific form of payment. Tokens, i.e. all coins from ICO, IEO, STO and Defi, are mainly used to perform a payment function or to be shares in one project, the one who created them.
I agree that it all depends on the developers. If they are honest and believe in the project's success, there are chances that everyone will be happy. However, if at some stage they decide that the project will fail - then we have collapse of project. Scam is when developers plan it to runaway with money from the beginning.

Scamers are of course always around us, as we all know that the cryptocurrency field is becoming more and more popular every day and scammers understand that in the cryptocurrency sphere they can easily deceive people and make millions, so what can be done here is to minimize the risk of loss ,avoid suspicious project and we must always be careful in our decisions.

It is true, now at this moment's lots of fake and scam projects are running in the market. But mates it's 2021 if you going with a fake project then obviously you've no experience in the crypto world, always remember fake projects giving you hope and promises finally they used your money and you gain zero profit. So mates, please research and analysis the market. When you realize you can do well in this market then you can in the market for investment, trading.

an ICO project or any other Defi project in the cryptocurrency industry is very neatly isolated, they present such a great concept just to grab or attract a big market hype. There are many cases of project scams on this forum and none other than with a variety of promising concepts, offering you great wealth redistribution and much more. my advice to be more thorough before investing in any project.

New projects certainly have a greater risk than existing projects on the market. if you want to invest in a new project, of course, those who have been proven to pay or who have collaborated with the exchange platform if possible. because the reputation of the project will be better if they already have a partnership with an exchange where they can list their tokens later on the exchange.

what you say is true, but in fact, scammers and scam projects will continue to emerge, therefore we have to take every form of investment security measures to ensure we do not Invest in scam projects. And you can avoid project scams by doing research, stay away from projects that promise unrealistic returns, stay away from suspicious projects because that's a red flag for you.

Recently I've found many project that similar to yours as you mentioned.crypto are start growing and people from defferent place, coming this industry for buy old and new tokens for taking the oppourtunity of current hype. besides scammers also doing their best & keep updating their policies for easily scam people.that's why need to be carefully analysis before buying anything and shouldn't invest the amount that may out of ability

Yes, we should avoid such a project where the project manager is asking transaction fees to send the coins. This way scammers actually trying to make money from the penny-penny of several depositors who trapped in their promises. Scammers are experts in making fool investors by their mealy-mouth talk. Generally, I don't trust airdrops. I do participate only when they run their proper ICO's on bitcointalk otherwise I don't take participate in airdrops where a project don't have any official website or whitepaper.

virtual project that is might be of one of models with the design of plan as developer works on initial terms of preparation to build of models and expecting attention from investors to work on chance as improving the supports on funding to develop within terms of manufacturing of product and or service.

You are right, there are even scam projects that make everything original and indeed those who work on their projects. they do a scam when they already get enthusiasm from the community. they began to be trusted with the money the community gave them, then they left.
like the BCNEX example. an old project that gives us the experience that everything looks good and pays. but when a lot of trust and funds have been raised, they run away with funds from their members.

Yes, I know some telegram groups / channels. Who only promote airdrop for money.  It is better to ignore those airdrop, which require a fee to receive token. Maximum number of this type tokens is scam.

Yes my friend, there are a numerous number of scams, and you can believe this, they're going to get trickier and trickier to avoid, so be careful. A year or two ago, I was scammed in a telegram group. The scammer pretended to be an official from a cryptocurrency project but was a thief in disguise. I sent my 1 Eth ($175 at the time) to the wrong address and poof, my 1 Ethereum disappeared. The scammer was even polite enough to thank me for my dear contribution. I learned my lesson the hard way for that one.

Telegram scams are very popular this days. It is very easy to create a username almost identical to the person who represents a project. Do not trust people who reach out to you with very profitable offers, because if something looks too good it almost for sure is scam. Be very careful and always confirm any information on the official chat.

well, it existed before crypto appeared. However, as a smart investor, being selective in choosing where to invest is very necessary, because according to my perspective, there are so many investors who are caught in a project scam in the crypto world. however, there are many ways to be aware of a project scam or not, and one of the most recommended ways is to research all aspects of the project.

Of course we can't stop another person to scam us, that's why we need to increase our knowledge so we can avoid to getting scammed.
Since 2017 i've been working and investing in this field, it's kindda hard for me to avoid scam but i think im better now to avoid that.

from 2015 stiil lot of scammer will take our money, before we invest our money we have to really know about the project, we have to know the team, the roadmap and the target that aim by the team
so we can get away the sammer and not lost our money

I want to add one more point and that is "Create a fake or clon wallet to steal people's money".  Scammers are always trying to steal our money. We must do a little research before investing in a project. You should try to know a little bit about the project whitepaper, team members, road map.

indeed. Whether it's scam or exit scam or whatever the names, it's our responsibility to do our own research investing in cryptocurrencies. As more popular the crypto, then many parties try to bet their luck here. Intended or unintended scammer came because popularity of cryptocurrency. They're trying to trick the new adopters who haven't know much about this world. If it's possible, probably we can educate our closest who decide to dive into cryptocurrency. To warn them that they have to keep guard, invest as many as they can afford and keep safe.

Too many scam project but not all project are scam, there are also not scam project but failed to aquire people to use it, but i still believe then big thing is data management like xsl labs will do. Our data matters.

in every project  have risk and you do not if it's legit or scam, lately they have lot of project or investment turn into scam so many people lost their money because they investing to the project. Honestly it's hard to find out what is the scam project to the legit because out of 100 project now I think 5 percent only is the real and will gives you a lot of profit so be careful for of who you trust because anytime it has chance to lost it.

There are outright SCAM projects all around mate and there's no words to use for such that some of these projects suffers lack of patronizing that made them to folded up. There are very few projects that i personally know to be those without good financial background which lead the project to abrupt end but there are millions of SCAM projects be created everyday for the purpose to scam gullible.

After all, bounty hunters don't want to promote scam projects. However, it is greed that blinds their eyes and they do not look at the fact that the project does not have a team or even a Whitepaper, but they look at the fact that the bounty pool is huge. Just like any investor, bounty hunters should thoroughly check the project first before promoting it, so as not to be scamed and waste time, and what is even worse expose investors to losses.

Bounty hunters are just as responsible for participating in scam projects as are the managers who choose these projects. Often, hunters do not take their choice of companies too seriously, relying on the instinct of their usual manager. When a project turns out to be a scam, bounty hunters tend to blame the manager. But it is obvious that they are guilty just like the manager himself, because they did not conduct their own analysis, which means they potentially became accomplices of the scam.

Its hard to label wether a certain project is legit or scam. Before you make any investment in crypto make sure you do background checking or the project should have a feasible product atleast. Don’t go all in a single project, as much as possible diversify your portfolio with valuable and with potential crypto assets.

That's the 2020 scam. Nowadays, projects are more sophisticated than when developers create IDO projects and organizations on decentralized exchange platforms. They list these projects and make a profit, keeping the money of those who add to the pool of liquidity. The next step is to disappear with the same amount of money.

when we can't do analysis and double-checking related to the project background and/or that's what you say. then the best solution is to join and invest in top market assets. it is safer for us to do than having to force ourselves to follow a new project which is not necessarily going to benefit us.
nowadays, scammers are increasingly creative in planning scam projects. without us knowing it, they have grown to be smarter. and we must continue to upgrade our abilities as well to avoid them.

Scama, as before, of course, a lot. However, now the scam has become more difficult. If earlier scammers could create a coin, collect money and disappear, now there are decentralized solutions that allow users to secure funds both during investment and during trading sessions on decentralized exchanges.

What I said is applied to all projects existing or new. Even top market assets have unclear future, what if the team will go rogue or failed. Investors should always assume these risks and manage their expectations, I’ve seen many projects that made their ICO’s but failed to deliver outputs some made it for few years now slowly dying.

This will keep happening every year, last year it was DeFi projects and this year it's Swap/DEX and NFT, I've seen some new NFT projects with anonymous teams and their social media sucks yet people are buying into these tokens, whatever is topping in crypto space will surely be attractive to investors and scammers will use that at their own advantage

Yes, until they runaway you'll see that you are already been scammed.

Deep analyze and follow all the possible channels where information about the project are available, from this point you'll be able
to update yourself.

Splitting is the best thing to do, unless you are pretty sure about the asset that you are going to invest your money(Insiders, solid project)

this point again emphasizes "research" before investing. however, scammers are also getting smarter at making things that catch people's attention. because of this, be a wise investor by knowing the information before making an investment. from the past until now, there have been quite a number of scammers who have managed to make a profit by defrauding new or existing investors.

Any aspect has the downside of an issue.  The crypto space is no exception, but even outside life, you often encounter fake names, scammers in the guise of intellectuals who are taking over people's property ... I don't  encourages any but each person to be self-conscious, doing methods of testing, testing thoroughly and prudently ... Scammer is not separate from us.  It is impossible to blame and blame all of the blame on anyone.  That is a pity!

DeFi itself might be the scam too

I don’t get this wrapped coin, wrapped bitcoin, wrapped ethereum, wrapped tether but there are popping up like mushroom, most notably in the DeFi, all their coins are wrapped, they used it to cross chain among two non fungible coins, for example cross trading ethereum to wrapped bitcoin in DeFi.

It raise some concern
1. Doesn’t it inflating the coin supply? Bitcoin and wrapped bitcoin, does it have 21m supply?
2. It has locked up value TVL, there is risk of losing everything, in the event of hacking.
3. Trading on wrapped coin associated with exorbitant high gas fee, for example in uniswap trade eth for wrapped bitcoin the fee is very high.
4. The catch is you don’t need to trade on cex, everything would be conducted on dex with DeFi.

That is right we can not stop others to scam us, however, we should learn how to avoid our money, information from them. They are increasing their knowledge every day about scamming and hacking. It is not fair, but it is one of the bad sides of this world. We can not do anything, but as said there are some ways which we need them to avoid such scamming. Most investors can be victims so easily, that is why some investors invest in the project without making any research. But as you know we should make hard research before investing in any project, that is why there are a lot of projects and we have good experience about that, they can get shitcoin in the future and most projects are scammed. We have to try staying away from them.

Projects turning into scam isn't new anymore during the 2017/2018 there were so many projects that turned into a sacm, and scammers  are still keeping up the pace by entering every area in crypto space either NFTs, ICO, even scam IEO's on shitty exchanges, I urge everyone to be on guard and try not to fall for this thieves, unfortunately there's no way to stop them, because they keep evolving every day.

Since the market is at its peak, many new investors have been turned towards crypto investments. And this is the golden opportunity for scammers. Just like the scam projects increase after the start of 2018, this has not stopped and increasing. We need to be very careful and need to be cautious before doing any investments in new projects. From my point of view, even if we see a good project, we should wait for some months and then can enter looking at the real value of that project.

I see Decentralized Exchanges (DEX) is also not very safe, because a lot of shitcoins are listed there easily, everyone can easily list their coins on DEX like pancakeswap,
this scheme is not much different from the ICO on their site then after that they leave their project when the bull market is over, this is a new type of scammer, and it's hard to avoid this, I think it's a safe way to trade on Binance, coins listed there are definitely good coins and have a bright future.

Dear friend. It always has been, and it always will be. Every day there is something new and scammers will not sit on the sidelines. They come up with increasingly sophisticated ways to deceive gullible investors. I believe that everyone should fall for their bait to learn a lesson for the rest of their lives

As a bounty hunter, no matter how i tried hard to search for a good projects, sometimes I failed. Even if their website says that the project looks very promising and good to be true biy still they scam hunters and ran away. Thinkinh that my hard work will be paid off and in the end I got nothing but dissappointment. Bit still hoping to find a good one. Cross finger. Road for the success!

Personally, I can say that the world of cryptocurrency is really full of scammers and you need to be extremely careful. Since the success of your work and the profit from the sale or participation in crypto projects depend on this. So the cryptocurrency has a lot of positive aspects, but you can also fall into the hands of a scammer and lose your honestly earned money.

This is not new information anymore, because this has been going on since 2018 and in general the members here have experienced events like what you mentioned, but before that, thank you for reminding each other.

Indeed, many projects have been launched that eventually commit fraud. Moreover, we are in a different country, and it is very difficult to confirm that the project actually exists. But in this forum, I have more confidence in the project manager. If the project is managed by someone who has a good reputation, then I join the project. So this will make it easier for us to choose a project to join. Although there are also projects managed by trusted managers it ultimately scams. What is clear, the manager will not be a fraud. This can happen when the project team commits scams at the end of the project.

a warning that is very necessary, not only from 2020 only a year ago there were also many frauds, what we have to do is handle it carefully because even though we have done research, fake projects are always there, and especially now more and more ordinary people know Regarding cryptocurrencies that the opportunities created for fraud are even greater, so being careful is the key to starting investing in new altcoins, without unless we retain existing altcoins.

In my opinion, the project manager is not a benchmark for whether the project is fake or not because in the last few years, many failed projects, even fake ones, are held by the existing project manager.

even now it seems like it's getting easier. take a look at some tokens from the BSC project now. they have very low prices and a huge supply. but they are very popular in the community.
without a clear product and a clear team. they create tokens easily and list them on exchanges with their own custom trading manipulations.
just need to make attention to social media then they will get good momentum from the community.

Yes, and if we remember the many scam projects, it seems as if the enthusiasm for working on new projects will decrease, even though if only all hunters can always focus on their work and make work on the bounty the second alternative, then they will never be disappointed and will get a lot of results on a good bounty project.

Actually the news about project scams is not new, even in 2018-2019 almost all projects experienced traffic jams along the way, and I'm sure all bounty hunters are not discouraged by this, because there are still many projects available in crypto,

It really happens, not even you do your homework and deeply do your research, scam project do exist and hides from a good perosnalities where both investors and bounty hunters got victimized.
This kind of professional scammers are just circling around this forum, hard to assess which is which only fate will dictate your luck.
Just continue working, try to keep enhancing your knowledge with every factors that affects this industry.
Who knows, one lucky project will bring decent profits to your hardwork! Best of luck!

Scammers has been here right from the beginning, it’s not a new thing and you would be surprised at how many are regularly being scammed if you get to know, but because we never get to hear about most of the scams that takes place, we think it’s something that happens once in a while.

Scammers are everywhere and they are making use of different strategies and looking for who would fall into their trap and then they will prey on them. So, people really have to be careful no matter where, and especially with these airdrops, this is one of the reasons why I decided to stop airdrops because the level of scammers in it are too many. If you can deal with it, it’s always best to just stay clear from it.

Scammers keep arriving in cryptocurrency, they are like parasites that make their victim suffer. The scam project is still circulating today and the population is growing, we need a lot of effort to detect a scam project so as not to get caught in it.
I honestly feel sorry for the bounty hunter who got caught up in a scam project, they spend a lot of time and mind promoting the project in hopes of getting paid after the project is over, but the reality is not as expected.
I am grateful to be able to participate in the paid BTC campaign, so I am not too worried about the payment I will get, because they always pay the campaign participants on time.

In this post I want to motivate friends here especially bounty hunter so they don't give up easily to join the project, Moreover, this year there have been many successful project, such as HEX, Poolz, Cyclops and there are several other project.

Even if you have teams who do Q&As or videos, teams that are not anonymous you can still expect them to scam you. The difficult part is to hunt them down legally. They have their legal entities in states you can't really do anything and complex corporate structures. It sucks and is sad because it shies lots of interested people away or destroys the excitement about the topic of those who lose lots of money.

As for teams who want to stay anonymous at any price, I wouldn't entrust them with my money. Chances it goes well for you are so low.

Scammers are indeed one of the scourges you most want to avoid. deception and disappointment that is felt by those who experience it. but that's nothing new. very good for reminding each other and learning so as not to get into the same problem. because the Impostor will always be there and will not end.

Scam is inevitable what matters is how you protect urself and your assets out there in the crypto space. Doing enough researchs about the said projects is key. Though sometimes it still fails. But then we have to be hopeful.

Yes, I also often receive messages by telegram to invest in certain websites, but after I checked, the website hasn't been around for a year. I think we need to check details about websites offering investments.
I also question about the site, why is not in this forum. Because in this forum there are people who are able to do research on the correctness of investment sites. But unfortunately they don't even know the bitcointalk forum.

It's true, scams can't be avoided by anyone because scammers are always making new ways to trap everyone in the crypto space, so it's clear in this case that everyone must be good at protecting themselves so they don't get caught in a scam path.

Thank you so much for bringing it up again. This has been said many times but most times, people are blinded by greed that they throw caution to the wind and do what they feel is right and at the end, got scammed. Let me start with airdrop, it is meant to be given freely so far the participants have done the required tasks expected of them, but once the team directly or indirectly demands for small Eth or BNB for gas fee in order to send the participants their tokens, then it is a red flag and will possibly be a scam.
Another is investment platforms which offers high reward which are of course very attractive, such that once the greedy person comes in contact with the platform, he will be forced to invest.
Let's just try our best to explore about the right thing and do it always without feeding scammers every now and then.

Of course scams projects can't be determined as a simple step because scammers always trying to handle their projects in a decorative ways where investors don't identify. They always trying to arrange it as virtual coins and virtual team management. They manage false roadmap and whitepaper.

There are many scam projects out there. But dont think all are scam. Do your own reseach and invest in the projects.
Let me tell you one thing. Its the time of NFTs now. If you are planning to invest then look into those stuff. Recent project which i invested was Alien Worlds and Rplanet. You can also invest in liquidity pools like pancakeswap, mobox and apeswap. All these are legit ones.

If your that new you should use an exchange of trust to avoid that scams. I would prefer binance for sure.

DeFi and NFT now have so many indications of a scam. especially those on the Binance Smart Chain network. no whitepaper. anonymous team and also low liquidity make an indication that it is a pretty strong scam. but on the other hand many people are attracted when they see the price is low enough for them to be able to promote. what is clear you have to be more careful when investing in altcoins that are not clear.

Nothing new now, actually it's lesser now because they are exposed before they get to scam people, back 5 years ago the scammers can easily accumulate thousands or even millions of dollars by just simply creating a coin similar to Bitcoin and market it as the next big thing, newbies should learn how to differentiate real ones to fake ones before they participated to these ICO and airdrops.

For those who have been in the crypto world for a long time, you should not be surprised by the many project scams that have sprung up.
Because indeed since 2017 when crypto began to boom, there were so many newbies who joined crypto at that time. So the scammers saw
this as an opportunity to steal money from newbies, and it proved successful, many victims of fraud at that time. And now when the market is
bullish, scammers are trying to do the same, therefore for newbies, don't be lazy to learn about the crypto world. If newbie are lazy to read,
we can learn from videos on the YouTube platform, which now has many videos that educate you on how to recognize project scams,
so we can avoid being victims of fraud.

I have been in crypto world since 2017 and i joined so many projects. Many of them are good projects but there are still scam projects. I don't know how those people can sleep peacefully at night knowing their bad intentions by scamming people. Because sometimes it is hard to identified if it is a scam or a good one. My realization was to invest only for the amount you can afford to lose.

There's no doubt that the industry is quite risky and requires a great deal of care to avoid getting hurt. In most cases we find out several innovative ways of scam which are deployed to take advantage of the ignorance of people. The best approach is to think twice and have a good grasp of the scheme before venturing.

One way to stop being trapped by the scam is to stop being greedy. Most of the times its the greed due to which we take interest in the offers which are not realistic ones. If an project is offering you a lot of free money/token and in return asking for your keys, then beware that it would be a scam.

This is already a mentality. People with small incomes are most likely to burn out. Since they want to get everything without investing anything, such people are usually left with nothing.

Frankly speaking that's the same for everybody who doesn't have a lot to invest. Taking risks then is so painful. You don't have much, you can't even afford to lose it but still you want to take part in all the action that is taking place in front of your eyes. That's a bad situation which often leads to such people taking too high a risk.

They are trying their luck hoping that by chance the work will gain compensation, but since they are not careful and

just participating without taking efforts to investigate, most of them will just ends up nothing, waste time and effort

recieving few to nothing in returned. There's no other way but to deal with your DYOR and wish for luck to accompany you.

Welcome to the new phase of crypto community when Scams is more than legits  ;D

You must be used on those because you will be dealing in more of them in the next years again and again.

How much have you lose on this?

because you have not mentioned what happened instead you are just throwing words against them.

And also better name which company are you referring for clarity .

Thank you for your sharing. People who are susceptible to scams are usually new people
Those who desire fast profits chong
Little-known people
They with the ambition to get rich quickly should easily fall into the virtual currency trap, the projects are not real.

The author accurately noted that with the development of cryptocurrency, we see a new stage in the development of scam projects, sometimes I wonder how they so secretly hide under the screen of a usreshny project, even list on exchanges, and then at the right time for them simply do not get in touch and delete accounts in social networks.

I agree because Fomo or the nft hype is ongoing now seeing projects that have nft in them is not a bad choice but of course you have to do research on the project as well.some projects also provide airdrop in the form of nft which may later be traded.

NFT projects are hot right now. It's good thing that there are project like these which is legitimate. Many investors don't trust anymore in crowdfunding. Many preferred to used other methods like Launchpad in Binance or get whitelist to get early access to buy tokens. I think bounty hunters, and investors are now learning about how to determine which project is legitimate with that, scammers are now less. Active groups, good feedbacks and proofs about the project, these will add more points in which we can determine the project is not scam.

Lots of projects are scamming these days.
They are getting more and more greedy.
But at the end peoples money are losing.
So be aware of these kinds of porjects. So that you can save Your asset

Actually all projects must be watched out so that we want to research them completely before we believe in them, this is why analysis and research always take precedence over having to believe right away.

indeed there are many scam projects in the cryptocurrency world, but there are also many good ICOs that pay us, preferably before you participate in a project, do a more in-depth research on the ins and outs of the project.  if you do, it is unlikely that the project you participate in will become a scam,

Ponzi schemes have mushroomed countless times, the problem now is the awareness of everyone, especially new people in the crypto world as well as greedy people who are still deceived by this kind of thing.
there are so many cases of people losing their assets because the investment in which is fraud and not nonsense, this is still a lot of people who are caught.
please stop doing this kind of thing, at least think ahead and don't be too careless in choosing something because fraud is all around us

With the ease of brainwashing the beginners in the cryptocurrency world, scammers prefer to do business in this sector because it is very easy to get profits and it is also easy to escape from the pursuit of the law. We all are not required to publish our identities, so all will be listed anonymously. Offering investment by selling dreams, and teaching newbies, becomes their dirty job that is easy and can run smoothly in the cryptocurrency industry.

The beginner was not wrong, he entered the cryptocurrency industry and tried to make money here, but they had no luck, having met a con artist.

This is one of the reasons why literacy is so important, because I have encountered so many deceptions where they have very difficulty in grammar, must be good at reading the situation and the possibilities that will occur afterward. do not be too greedy with the benefits offered because usually people who are deceived are consumed by the words of the con artist who offer great benefits

I've learned but as long as we active this things will goes on like forever. yep, I know that scammers came to live when market is on bullish. Personally I came through some scam projects cause few projects are so much good to identify. However, Do your own research. Try not to contribute anything you're not able to lose.

You are very right, especially in the pandemic many fraudsters impersonate crypto projects that have a good vision and mission and as if the platform looks very good and in trust.
We should be aware of this kind of crypto project.
Be careful when you want to invest with new projects, study carefully, care about the money you have.

The potential for scammers grows even more when the market is bullish and even some of the projects are created to imitate real platforms, so we have to be careful when adding projects to the list of investment options. Analysis and research are important knowledge to make it easier to identify the level of project appraisal through several stages that must meet the requirements.

Your statement is also a warning to many people to continue to be careful and be aware of fraud in a project. and that happened a lot in 2020, in my opinion since 2021 there are not as many scame and fraudulent projects as you meant. but we also need to be careful about it.

2021 is rarely heard of fraudulent projects, but nowadays many BSC tokens are just shitcoin,
of course that is also a category of fraud, yes small scale fraud, because we have to be smart about choosing the fundamentals of the BSC token project,
remember Safemoon? look at the price of safemoon dropping dramatically, so be careful when choosing a token

It's true as you say, the con artists are only taking chances in what is booming. now we can see for ourselves that binance is booming so that Sipenipu takes its benefits on behalf of Bsc so as to harm other parties. not only now, in early 2021 when the price of bitcoin skyrocketed a lot of parties on behalf of the investment they made in bitcoin, they tried to invite and influence other people to join in their investment, causing others to lose and create distrust of the currency virtual. My hope is for anyone not to easily believe the lure like that

True but over the years the space matured quite a bit and investors are well aware of the fact that there are scammers out there. In 2016 2017 2018 they just pumped out white papers, got their coins or tokens listed, sold the presale coins themselves and vanished.

Even teams that were not anonymous scammed the hell out of the space. Too sad really...

Great advice .Just recently lost hundred dollars from a pre-sale Iast week thought the project was legit but turned out to be scam.The team ran away and closed their telegram channel.People into crytocurrency especially beginner's should be very careful when choosing project to avoid getting scammed.

Was the team anonymous? The best way to go about your investments in the early stages of a project is to make sure that you know who is behind it. I gave up on investing in any project where the team wants to hide their identities. They say they would have to because of legislation and bla bla. Even if some of them are honest it is still not worth the risk to be left with empty hands and you can't even officially blame anyone or warn others. The best resource is a live Q&A or video on youtube because they even use fake IDs on their websites.

With the expansion of the crypto world, the number of inexperienced people has also increased considerably. That's why these scammers target these inexperienced people. Everyone needs to be careful. I hope nobody gets paid.

Generally, the crypto market is expected to expand when it bullish market but being careful of inexperience investors is not enough to save them from scammers cause they need to understand the way they operate and for the record, crypto scammers operated in a differently

Impossible and pointless. All the blame always lies only with us. The task of the scammers is to make us believe them, but no one can make us believe, we do it of our own free will, and then we blame other people or circumstances for our mistake. This is called personal responsibility, responsibility for our own actions or inactions. Therefore, for each bounty hunter, the choice of projects should become a personal responsibility.

It's a useful piece of advice, thank you for sharing.
The electronics market is expanding and growing, accompanied by many risks. It is more complex and contains many scam projects. If we do not learn carefully or are inexperienced, it is easy for us to stick to these projects. You will lose money if you are not careful. So it's best to take a good look before participating in any projects.

It was actually starting towards the end of 2020 but it has become greater in this 2021 with help of the DEXes on Binance Smart Chain. These fake projects usually regarded as shit coins come in multiple and at then end of the day rugpulled to steal and run with their investors funds.
The only way to escape their traps is to tame one's greed for quick money and also avoid too good to be true investments.

 I am really thankful to you for it.you say be aware from scam project and nowdays too many scam project and many people lost their Money so we should careful about investment.

Recently the Raye at which people involve in scam project is very high, some scammers see this as a job.
They'll create a project and send many hype on different platform even creating an airdrop and ask everyone to partake in the presale, once you pay for the token that's the end of it all, your money is gone.
 Before jumping to any presale I'll advice you really investigate or don't partake. Stay safe out there.

The scam projects are so much in this period and it is easy to miss them because the market direction is generally upwards and almost all coins have seen a positive price movement since last year.
You have to be careful to avoid this projects that have no real long term future.
Invest in known projects that have a good team working on their platform and a defined roadmap to success

I can say it's a nice reminder post. Most of the people are already aware of this, but there may be newcomers among us, it is nice to have a reminder for them. I agree with what you say, with bitcoin showing an unexpected surge lately, people frequently resort to fraudulent methods. With these fraudulent methods, they can easily swindle beginners or greedy people. A person who wants to make easy money is deceived very quickly, unfortunately, fraudsters who know this use this method, please be careful, let's not trust everyone. search the forum if necessary.

there is a lot of fake coin campaigning, we just need to research it carefully, because from 2017 I know there are a lot of fake coins, even fake projects are very much detrimental to investors and also bounty hunters who spend a lot of their time offering fake coins.

The newcomers probably won't come across this thread out of nothing. That's what the scammers exploit. They target those who fall for the easy hype and aren't too familiar how to navigate this forum. Not that this forum is hard to navigate, but in some instances you only know what you need help for if you already ran into a deadlock at full pace.

Fake projects still exist every year and are no different from last 2017, so we are required to have good and careful project analysis knowledge and not rely on any hype, many bsc tokens have increased so be careful having to trade each coin.

Thats why experience and knowledge verry important in cryptocurrency, with knowledge and experience so we can avoid the scam. So if we still don't really know about the project, better we just stay away and don't invest just because of the HYPE.

Newbie will not be aware of this, and their eyes are blinded by greed to see all the tricks in this market. Maybe many new entrants will have the opportunity to make high profits in the short term, but if you think you will earn more and are not satisfied, you will lose everything you have.

Greed isn't a special characteristic of newbies. I think for newbies it is really that they are new. If they lost a couple of times parts of their investments they'll also pay more attention to what is serious and what could be scam.

Yes. That needs to be watched out for. We need to check the details before investing. I am more interested in investing in exchanges than investing in websites. There are many tantalizing offers on the website, but they are not clear about our assets.

Agree, also not only scam, theres another term recently, its called Rugpull (https://coinmarketcap.com/alexandria/glossary/rug-pull (https://coinmarketcap.com/alexandria/glossary/rug-pull)).
Hype and Greed always hunt us as crypto investor, watchout.

in any platform we will see rugpull accidents, scammer will always take advantages from platform that hyping now. at this moment binance smart chain , maybe next solana and other platform. we must becarefull and learn from previous rugpull on how scammers work. they always working in trending platform.

it seems that this is no longer a strange thing and more and more days it has become a commodity to seek profit and no one can do anything with the people who do it. Even though it is clear that they have committed fraud, it is difficult to prevent them, especially those that are not visible to the naked eye.

maybe what you say is the main solution that can be done but we know that many want to play an active role in new projects which are clearly very profitable, if they go according to the rules. so that in the end, fraud is unavoidable because buying on the exchange is clearly safer but the benefits obtained are clearly the difference, don't be surprised there will continue to be rampant fraud, but we hope that one day it will disappear by itself because many know from the start so they can't grow.

the most vulnerable I think at this time is BSC. because you can see how Binance's smart chain is currently being adopted for new projects. in fact, every day new tokens are created from the BSC network. the community calls them shitcoin that can be traded without a clear team and product.

I remember scam projects have official website and whitepaper in 2018, but now haha, do not need this, what scam projects need is created new coin in the chain of BSC and then can be trade in PancakeSwap, how simple and crude!

For a few years many bad people used the popularity of Bitcoin and Ethereum to scams others people. I remember scam coin named Onecoin, which were alot of investors in my country got scams.
And currently i seen there are many fake tokens created by using smart contract of Ethereum or Binance, we need to double check the real of smart contract address before traded tokens on DEX like in Uniswap or Pancake. So before jump in to crypto investment, we have to keep learn about all risk on crypto and how to avoid it.

Thank you for the warning. It is very important for people here in the end. The ones who are participating in different projects (including me) are devoting their time here. If a project which a person participated in turns out to be scam, then all the effort goes for nothing.

Yeah I agree to you, there are many scam now a days they created project website that looks good and airdrop to convince investor to invest. I'm also experienced to get scammed, their token had already in exchange, their presale succeed and after 2 months they run. Today I'm careful, I look for website if they have team and link social media for less scam.

Thank you very much for this information, I nearly fell for an airdrop that requires me to pay ETH to receive the token. I also fell for a token that’s worth thousands of dollars but doesn’t have an exchange to trade such token are used by scammers

it's not bad to take some risk as long as you are doing your research there's still a good chance to earned using this venue.

There are so many scammers and it's no longer a secret but you can lessen your chance of participating to any kind of project if you are

well-informed in how those scam developers work, the more you investigate, the more you'll be able to sort out which project to invest your money.

There will be scam projects every now and then,  what is most important is to safeguard yourself from falling victim of these scam.  In Cryptocurrency,  it's is very easy to detect scam coin except you are greedy. When you buy any Coin, try to find out who is behind the coin and decide if such coin is fully decentralized! These are few checklist for you to consider before investing in any coin!

Rugpull isnt accident, its a scam and the team usually who commited that action by withdrawing the liquidity of the token that they provide before.

Every day, new projects enter the cryptocurrency market and it doesn't seem like there will be some kind of system which will differentiate promising ones from scams. So we have no other choice than doing our own research.

There are many more investments in the market right now. Taking advantage of this, many scam teams are coming up with scam projects to grab their money. Many mistakenly fall into their trap and lose their money.  So before investing in any Ieo, ico, Ido, you must check whether the project is real.

No amount of trying to be careful that can prevent anyone from fall project,  you may do your possible best to do a background check on a project, some still turned out to be a scam because any project can easily change.

the worst that hit so many and is still happening today is scammers creating fake token and asking people to pay small fees to claim airdrops. after which they made away with huge amount of money. so many were scam using this method. i was a victim and i decided not to and will never partake in any project that requests users to pay money to claim rewards. some even listed and once the claim is over, they rugpull.

The more people and money will be poured into investments in cryptocurrencies, the more scammers will try to deceive you to take this money from you. Increasing your educational level and experience allows you to resist the actions of fraudsters.

Not only the number of scam projects is increasing. But also, the kinds of scam projects are also changing in time. Now, there are 11468 coins in the market according to Coinmarketcap. This is an amount more than we need. As the number of coins increases, scam projects are also seen more common. At this point, reading the whitepaper of a project is really important. You should understand first what kind of a project you are dealing with. After a deep research, you can make your own decision about whether to invest into it or not. Not all the investors are doing this unfortunately but I hope to see most of them doing it. This can help decrease the number of scammers like this.

It simply demonstrates that there are a large number of cryptocurrency users, which is why the number of failed and scanned projects is increasing at an alarming rate. Imagine there are a lot of scam projects being created every day, and the majority of them are executed so well at first that you don't recognize it as a scam project.

I knew a lot of coins that failed because the devs rug pulled it, and you can't really tell which is which without checking the mirror and your modern car. That's why always DYOR or do your own research, if you lose then it's your fault for not trusting yourself.

true, Scam project will never die. they will keep appearing time to time. there are some websites and applications that can show us the details about the projects. it can help us a little. but still, there are some projects that have a high trust score but they turn into a scam or abandoned in the end after collecting some investors money. so choose the project wisely and DYOR carefully.

Even if you are careful, you will be deceived. The team of scammers is very mature now, and they don't feel anything on the surface.
Many newly issued coins are recommended not to invest a lot of money in the early stage. You can look at the market before making a decision.

Not all are doing this, but those who already experienced scam are taking their time finding the right project before investing. They are more careful now not to experience the same output from the last investment that they've taken.

Not just by reading white paper, but carefully observe and analyse how the developers will bring the outcome that they are promising.

If there's realization and you see that most of it are doable, it's the right time to follow and keep chasing all the progress while you are supporting the project, your own understanding will lead you to gain success, be very careful in picking your asset to invest.

Yes, you are right, there are many projects born almost all the time with different concepts, the same goal for success according to the initial plan. Well, in my opinion, some consideration is needed before joining and following it. I myself prefer to see the track record of the manager who handles the project that I will participate in plus independent analysis as another additional reference for me to determine the next step. Thats means. we don't waste our time and energy in vain.

With so many projects that we are witnessing at the moment, it is very easy to get confused when choosing an object for investment. Fraudsters are already so skillfully disguising their actions under the guise of successful projects that it is very difficult to understand where what is. You can't rush to make a choice and even more so invest more than you can lose without much damage.

Thanks for your advice, scamming is everywhere, but only greedy & non educated  person is the victim on scam.
First learn then invest, what is Crypto how that work, many of  peoples thinking Crypto is money making mission, you will be rich if you invest in Crypto,  this concept is not good, if you don't know how to walk.

Today is 30/08/2021 and you are correct. There are many scam projects stealing people' money and disappear. Investing with a mind full of knowledge will prevent you from putting money in wrong places. Back in 2017-2018, many people in my country lost their money in fake crypto projects which turn out to be multilevel marketing businesses or HYIP. Always raise your attention to any project because your favorite one can turn into devil, too. Remember to take care of your money since there is no third party to surveillance and save you from losing money. Cryptoworld is for individuals to learn and experience by themselves

That is a common thing in the crypto world, it is true that sometimes there are scam projects by playing in the airdrop to deposit funds and to those who are not responsible, and there was even a project in the past where the project had already reached hardcap, in the future. the project has become a scam, I wonder how they feel about the suffering of the people they have scammed.

Every year there will be a lot of such things that appear in crypto especially when the price is high and when a new system is launched and gets high hype then it becomes an opportunity for them to create some scam projects taking advantage of the moment, it is clear that thoroughness and clear analysis must be done when we will go in and invest in new projects.

You are wrong to believe that the victims of fraud are greedy and uneducated people. Since not everyone understands how a smart contract works, so everyone can become a victim of scammers who are very smart representatives of the crypto industry, are able to steal money from your wallet in this way.

Although the number of scam projects is increasing but investors today are also smarter than they were before. All the basic things that investors today doing before then invest in a new project like you said, reading the white paper but also checking on team profiles, check if they're real people or face generate by AI,... Investors ain't stupid and easily got scammed like they used to be and this is a good thing.

Before venturing into any investment, you should always conduct an extensive research to lessen the risk of getting scammed or losing your money. Carefully analyze the project's mission and vision. Check out its white paper, roadmap, and affiliations. They must have a dedicated, legit, and transparent team. A positive community that supports the project is very important as well. I have taken into account the above criteria, that's why I feel secured holding some top-performing cryptocurrencies in my portfolio including this undervalued gem called Stakenet XSN.

That's true from the past until whenever I think scam projects will always exist,
Besides that, what makes all of us nervous is that they are also getting smarter in terms of making the project as if it was a promising project

IMO at least it would be more relieved if you invest carefully plus doing it based on your own research even the result is not really satisfying rather than blatantly following the hype without any thought before. As you said there's a chance that the scammer becomes more mature, take advantage of any possible vulnerability in the loophole, or deploying a new scam method but it isn't the reason for people to be careless.

Not only newcomers but also many professionals are also getting the victim of scam projects. Many times people can make mistakes due to unconsciousness. But some people make the same mistake over and over again and they are the victims of repeated scams, causes of their excessive greediness. You know, only greedy people will fall for the Ponzi scheme, it is a very common but successful method to trape the greedy people. You can't prevent the scammers but you can spread awareness, so everyone should use their own brain before investing in a project.

I would say crap or failed projects. We all know many devs make coins with the intention to loot the money from the investors by enticing huge profits. Even most of the projects failed in 2-3 months after the launch. Recently I noticed a trend many investors are trying their luck by buying meme coins and the majority of the buyers lose money in meme coins so we should be focused only on trusted and tested coins. I don't say new projects are not good but we have to be very selective when plan to buy.

This type of scam has been around for a long time and scams like this often occur at a time when bitcoin is on the rise and the popularity of altcoins is also being discussed. So the scammers take the opportunity to create various types of scammed products. then we all have to be careful, especially the newbies.

I have resolved to stop buying stupid IDO and preslaes. I lost over 20+ ETH to useless projects. People just wake-up and create a copy cat tokens without any use case only imitation. Where are all the Y family series? BSC now has huge scamming projects that where able to win the people's heart, all of a sudden is a flash loan attack and that ends the project.

You realized after the expensive loss. Most of the projects that are coming in the market now are aimed at fleeing with the money of the investors. Which is why they want to create hype about that project in different ways. Since you are a victim of these projects you may have seen how these projects fool people.

Most investors do not have the ability to stay in the market after gaining such a valuable experience like yours. So they should spend time doing market research which will bring good results in future.

That was really sad to hear, Well from my perspective current market especially IDO & Presales didn't have new concept and use case, Basically most of them just recycling same concept for example as we can see, Farming, High APR, Reflect For DeFI and many more but even like that not all IDO was bad though, Just make sure too join on some big IDO platform and if possible just sell your invesment as early as possible especially after getting some profit after listing Price + Bonus, Just make sure to always do some deep research and avoid it possible, It's better to invest on some reliable crypto like BNB, ADA, BTC, ETH and many more, Good luck!

These two methods are the oldest but people are more attracted to them and fall prey to scams. Only greedy people fall prey to these two deceptions. I will not call the people who want to earn money without hard work and find these shortcut ways ignorant but they are greedy. No matter how hard you try to convince them, they will never understand, unless they are deceived a few times. But, there is no alternative to preventing these scams without raising awareness.

As Long as this environment remains unregulated, scam and fraud activities will remain constant, even in a the outside environment of traditional finance, there still exist some numbers of reported scam talk less of here that's not watch by the government, they might be doing privately but since crypto are pseudonym in nature, you can't trace all the bad actions in this place.

True to its sense. Regulation must come first to lessen being scam. But the problem is where can  decentralized applications fitted in . In what area of government would likely be in harmony as to let it spawn into a mass utility for the people such as cars for transport or medicine for health.

I bet newbies today are FOMO and FUD. They fail to see the good projects because they are hyped by scam projects ( I am telling this not to be toxic but because I was once like them and wants to help them by reminding them my experiences) they should fix that trait right away. research thoroughly those projects to see if they are legit or not so you won't waste your time and money

Yeah, scammers are always trying to find a way to steal people's money, many fraud projects has been created for that.
I think the safest way to invest on a project is through a launch pad, for example Binance launch pad. It is safer than invest in public startup projects which we don't know yet unless we conduct some intense research about it.

this is something we are very worried about, when cryptocurrencies are growing, people's trust levels are increasing, in fact there are parties who take advantage of the situation to take negative actions that harm many parties. This needs our collective attention to eradicate every crime committed by them.

It is true that at the end of 2020, many fraudulent investment websites committed fraud so that many people were deceived by such sites so that many people lost because of the wrong place to invest, and for all of us we must be more careful in choosing a website to invest so that we don't invest. there is a loss in investing. We have to really research the website we want to choose, because our choice is the choice of our future masses

Yes, it's true that we have to research a project first if we want to participate in it, from the past until now I think many projects end in fraud and this has happened to me when I joined a project with the lure of payment in bitcoin but ended up with deception.

The first rule is that we shouldn’t trust projects that promise us big gainings without risks. But actually, the thing is that scam projects don’t look furtive in most cases. Their task is to be as plausible as possible, so it is really difficult sometimes to find a trick. So the main thing is not to invest more than 10% of your capital in such projects and not to invest the whole sum in one project. You had better diversify.

Most of the the time, those project that gives hope with fast ROI and big gains in a short period of time are mostly scam. Never ever trust those projects otherwise you may end up losing a lot of money. And also regarding the percentage its fine even if you put half of your money as long as you know and you already research and well known creator are founder.

Yes so many scammed now using crypto technology, actually im one of the victim of this kind of scammed l, a betting website scammed using USDT token as their tool in there scam. Im talking about Muyan66 which snatch almost billions of fiat all over asia.. But we learn through our mistake and life must go on, we should always be vigilant always and do a review always.

Before venturing into any investment, you should always conduct an extensive research to lessen the risk of getting scammed or losing your money. Carefully analyze the project's mission and vision. Check out its white paper, roadmap, and affiliations. They must have a dedicated, legit, and transparent team. A positive community that supports the project is very important as well. I have taken into account the above criteria, that's why I feel secured holding some top-performing cryptocurrencies in my portfolio including this undervalued gem called Stakenet XSN.

Don't invest in any project without you knowing the details of the project especially make sure the team must be valid and not anonymous, control the emotions not to rush to invest your assets but have to test the feasibility of developing the project in a month, it will complete the analysis before making a mistake in investing.

Very Well Said nowdays i am receiving so much Fake/Scam token on my wallet and mostly such scam token are listed on their own website which when you connect with your main WALLET your wallet fund can be loss or Hacked if you have any doubt that project is scam create a new wallet send your token to that new wallet and then you can do transaction atleast if its scam your MAIN WALLET fund will not be effected

Many projects are currently being launched. Many are succeeding. However, scammers are taking advantage of this. The scam project is launching scam tokens and taking money from investors. So before investing, you must know the A to Z of the project. If it is a real project then you have to invest. There is no need to invest even if there is a little doubt.

maybe it is like that but small or large scale, fraud is still a fraud and it is not justified.
Besides that, for BSC, there are still many tokens (sh**coin) which are very disturbing when they are in a wallet such as Minerium, The Ever or Vera. there are so many sh*tcoins like this.
I feel sorry for beginners who are still many who are deceived by tokens like this.
and indeed being careful in choosing projects or tokens is really needed here because if you take the wrong action and only participate in unclear coin or token fomo, don't expect your money to come back with a profit.

Everyone should be careful of scam projects, as their tricks have increased, so far the scam project team steals the name of other projects to delude the investors that they are the original and they are only copying and pasting from the real project. In addition, they plagiarism the whitepaper for other projects and attribute it to their project.

The opportunity to earn money from Cryptocurrency is indeed very high, and it is used by bad people to get money by becoming scammers. We really have to be careful here, as I remember this SCAM project started to emerge since the beginning of 2018, and it got worse until 2020. And until this year there are still many Scam projects happening. If we are new to Cryptocurrency, it would be better if we choose a project that is already listed on Coinmarketcap and has a high market cap.

Hard to monitor these even a user will do their DYOR at their best.

It's good not to solo research but also do it with the people here. Before investing, users can ask questions here and see what they think of that project. We can also refer to the project's Telegram group and talk with others there. In the first place, we know the difference between legit users and scammers that will talked to us.

Remember too not just to be careful but always stay vigilant like what we are doing on our other investment outside the crypto.

Even if you are very careful you'll get scammed, scammers are not targetting newbies anymore they are targetting even those who are experienced investors I also experienced that in one Defi project, it was too late to see the warning signs, always take a close look and check out opinions and be open while doing your own research it will help you weed out the bad ones. 

Good advice, in a good project it will definitely be neatly listed what they have to offer, a clear road map and biographies of the team that manages it must also be listed there, nothing is covered up let alone offering airdrops by asking people to deposit some of our money there first, it would be ridiculous if we were to be tempted by such an offer.

We are currently seeing many projects. All of you be careful. You must look at the scam projects before you start working. And those who want to invest must know whether it is a project scam or not Notice. You must see the website team. The scam project is currently very difficult to identify So those who want to invest or work on the project must work carefully.

There is obviously a crypto bubble happening, and scam projects are a clear indication of that. Unlike others, I'm unsure whether such shady projects will endure the bear market. In my opinion, it all depends on institutional holdings. Regardless, choose what you want to take profit on, choose your accumulating targets, and stick to that mantra and hope for the best. In the currently cycle we are in, the scam project will soon come to an end.

ido is hyped platform to new created crypto projects. over 20 eth approximately $60k+ according current price of eth. it's massive loss,
 
in renowned ido platform i did not see so much fail project even many can not participate in ido projects because there will selected winner can join.