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Rug pulls are a common scam in the crypto space, especially with meme coins. Fortunately, there's a Twitter account dedicated to exposing these scams and helping you stay safe.
X-ANTI SCAMMER (https://x.com/antiscammer2022) on twitter actively monitors and follows the accounts of known scammers, keeping track of their rug pull contract addresses. And over the past few months, their work has proven to be 100% accurate in identifying and warning about potential rug pulls. I'm sure this will be helpful for memecoins degens.

The last post on that X account linked you shared was in September last year, and you can't tell me that since that time till now there have not been any recent rugpull scams in the crypto space. 
 
They need to keep the account updated with information about suspected scam tokens even before the scammers succeed in scamming anyone.

They are still active, though? They are actively still reposting posts that are spreading awareness. Though their recent posts are quite not as clear. I can't identify what kind of project they are posting because it seems to be just random characters. The account needs a better organization, imo.

Before we go invest in new projects, it's great if we check all possible sites to check if anyone else has some kind of suspicions against the project. Of course we should try to analyze it ourselves instead of just basing on other people's opinions but it could be helpful to make valid decisions.

Please update your browser first.

https://i.postimg.cc/C5b5sRyt/kjbafgag.png

The last post was about 12 hours ago. That account mentioned by OP has resposted a tweet. It's obvious that your connection is having a problem.


It's very hard to do that. Everyday, hundreds even thousands new scam tokens always being issued in solana blockchain. The smart guy will never ever bet on these new meme tokens.

Except, they were degens. It's very hard to know that which token that was not a honey pot tokens these days.

So many scammers now.

Twitter accounts and websites can only expose so much — mostly the bigger scams. The smaller ones can easily slip through the cracks; hence why the best way to be safe is to actually educate yourself with these schemes so you don't need people telling you which are scams and which are not.

https://chainsec.io/scams

@Btc78 and @TastyChillySauce00
Maybe the reason why I’m not seeing other recent post is because I’m not logged in to the X account.
Have refreshed my browser and still have old post, just as shown on the screenshot below;
https://www.talkimg.com/images/2024/06/10/ckjIb.jpeg

That’s impossible. How will they know whether a project is a scam if it has not done anything? It’s risky to spread the fact that a project is a scam because it may not be a scam and the account may lose its credibility.

Despite many suspicions if they can’t actually prove that a project is a scam, then it’s all worthless.

These are great help for those that don't know how to spot and are a fan of investing into these random projects and memes in the market.

But as you use them as a resource, it's always best to have your own way of determining which are the potential rug pull projects and while you rely on them.

You should build up your way of finding out which are likely the scam projects and the rugpulls that might occur with the new ones.

memecoins are more complicated than this. There are several smart contracts that are related with a specific creator which we might not find it easy for have time to research on. This account mostly expose these people and advice us to stay away from them.

This is a good help for investors but we have thousands of new projects coming up I don't think they can keep up they claimed there are 12 on their team It is already a big team but not yet enough so it is better to have our ways and criteria on how to properly check the coin or token that we are going to invest.

Platforms like this are concentrated on big projects but there are small platforms that will escape on their radar and we all know so many investors cannot differentiate a small and big projects they easily believe what is posted on the platform. Include this platform but also educate on how to check the right and the wrong project to invest.

To me, it's not worthless, and they have been helping so far. I also didn't take them seriously at the start until I bought $father from @Nvidiansol on the Solana network. This coin had a low market cap before they posted it as a rug pull. Its market cap went to multi-million dollars after that, and I thought they were wrong this time. Later, the coin later got rug-pulled. So, I shared it here because of this experience.

It is very useful to have an x ​​account for info on fraud on  project, as a beginner can find out and serve as a reminder of the scam projects that are often circulating at the moment, especially since the bull run season is coming soon, there will be more and more fraud in crypto.
However, my question to the OP or other members is, how can he say that a project is a scam, especially since the project has just been launched and is still in the introductory stage perhaps?
At least if you can say it's a scam, you definitely have to research the project in detail, right? and even then we can't quickly conclude that the project is a scam

Question? How do they identify a rugpull? I bet it's hard research because we cannot expect them to do everything for us so we must also learn how they are doing it. Well, I am glad to know that there are people who are willing to help others without any payment needed by using social media. But like I said, they cannot cover everything, there are a lot of rug pulls in the crypto space.
What if our choice of project to invest in is not listed in their warnings?
What can we do? Whatever they did, I think it was just by using the internet to research and as we dig deeper we are going to have an idea if a project is a scam or a rug pull. They will leave traces of their mistakes and we could take advantage of that. Most of the time, I look at the team behind it first to make sure they are legitimate people and are not just using other names and photos.

You have to log in to your Twitter account (X) to see their last post, because that's what we will see when viewing someone's Twitter account without logging into our account.
It could be said that they are still quite active and post the contract address of the scammer, so you can find out well.
There are a lot of scammers in the crypto world, and if this account could find the scammer's contract address faster, many would be saved, although there will still be people who believe in the scam project.

Perhaps the account you mentioned might be one helpful method in identifying rug pull projects, but this individual effort cannot be relied upon fundamentally. They cannot regularly count all the new projects in the hundreds. Also, it only publishes the token contract address without mentioning the project's name, account, website, etc.; it doesn't provide complete details.

Any investor wishing to invest in a project should do his own research and audit the token smart contract from one of the companies and platforms that offer this feature, such as DeFi (https://de.fi/scanner), Chainaware (https://chainaware.ai/rug-pull-detector), Cube3 (https://www.cube3.ai/detect)..etc. The investor must ensure that the project token has locked liquidity and examine the percentage of the liquidity pool; if the liquidity is unlocked, the developers can steal the entire liquidity and verify the number of token holders and the amounts of token supply they hold. Also, the most important point is to check the sell order limits for the token; this can be tested by purchasing a small amount of the token and attempting to sell it; the developers of the rug pull token can restrict investors from selling it and allow them to buy it. The project's website, communities, and many other factors and indicators can help avoid falling into rug pull projects.

but i feel that if a project is going to rugpull, whoever it is they can't predict it, unless they have an insider who can leak it. because there are many cases of rugpull happening even when the holders feel that the project is potential and doing well. but i still appreciate what they do even though it's not right that what they say is true.

You should be very careful and double-check everything! When something goes to this X account, the rugger can already do bad things. So be careful, check where you connect your wallets, and be cautious with what you are signing!

This is very wise advice that investors looking into investing in any project should do due diligence and conduct through research before putting in your hard earned money. The key points are that liquidity is locked to prevent developers from stealing money, verify the token supply and holders of tokens and review the website, communities and other factors those can confirm the legitimacy of the project, this can include project roadmap, whitepaper, partnerships and team credentials.

A great help but won't make things certain actually. Addresses could be easily changed, you know? To be honest it would be hard to determine which one is legitimate and which is at risk for a rug pull tendency. Best thing to do is to not go all out especially on new projects. Many investors are into hype alone and aren't really taking preventive measures of scams and rugs. If you're really after assurance then there are major coins in the market to engage yourself with. But with small and new projects that could give high returns if you happened to bump into a good one, small amounts would be enough to save yourself from regrets. Never be too greedy just because a project seems to be so potent of big profit. Anything could simply happen in cryptospace and that should be an enough warning.
It will just happen indeed. It could be within weeks upon listing or even months. Same thing goes with dead projects of this date.You may lessen your worries by checking a project's credibility to web 3 communities but again, nothing's assured.

There’s no way a single entity can catch all the potential rug pull happening in crypto space since there’s a lot of new project existing every day. Maybe this social media exposed “some” rug pull but definitely they can’t make everyone safe since scammer can keep creating project easily.

The only way to avoid being a victim of rug pull project is to stop investing on project that has unknown background devs because they are the one who always turns out a rug pull since they don’t have to lose.

Just stick on investing blue chip projects with solid private investors backing it.

If they help to expose scammers of crypto in anyway that will be helpful but I beg to differ they can predict with 100% accuracy of all the rug pulls because it's a scam that started legit and run away with investors money once they made enough so unless you have been a part of the project and known the intention from the very beginning it's impossible to predict the rug pulls from legitimate cause literally they're same.

Thanks alot for bringing to our awareness these piece of information, it's very helpful for ends, atleast most of us now have a clue about these scamming projects and their characteristics. It's commonly known in the space and we should be very careful when dealing with the system. There's more projects that have become a threat and compromised our chances of earning enormous profits in the system. We ought to be very careful with our dealings and always watch our back because scamming is currently the orders of the day.

Solana network is welcoming newly launched scamming token and people didn't know so they thought since Solana is a good altcoin those tokens that are using the network is also good but the opposite is the case. And I think many have died. And the dead of those nonsense tokens from the network made the network free from the congestion. The scammers are not using separate network but combine network either with Solana or Ethereum. They also disturbed bitcoin small through the ordinals.

The scamming tokens are getting more in these days so to I ow the best is hard. Like Blum, Hamster Kombat and Tapswap are the ones I know but I don't know if they are legit because people are saying that they are not. Rug Pulls is still effective and after that post there have scammed cases.

If you're not too quick about making money and you're also not being greedy in making successful achievement over a short period of time, then you will not fall in their hands o this category, what happens is that you will discover some of these shitty projects developers making shillings on their offers in which they will polish well to make it looks more attractive and fast track the promotional time frame on it in other to quickly execute their targets for scam on those that will be investing and the next you see is their withdrawal and the entire project lack funding and investors to make it sustainable.

thats a cool niche. something that isn't very common on twitter. most of the crypto accounts on twitter are often just shills. i checked all their posts whether they shout on one of the memes i bought, so far they didn't mention any of them so i'm fine.

i'd follow just so i'd be aware which one they think will rugpull anytime. saving just a little amount of my memecoin investment before it goes zero will still be a big help.

Twitter has been very helpful in terms of exposing most of the scam accounts because what Twitter does is that if a certain amount is use to scam people of there investment they will tag the account so that people will no longer fall victim of such but still people need to be very careful because most scammers will still create a new account in other to accomplish there goal and also Rug pull normally happen in meme coins which has resulted so many persons to lose there investment.

Easy way to not be a victim is don't buy into these fly by night tokens that get contually built.  Buy something that has been around for a long time.  People won't do that because theor greed won't allow them to think rationally but it's really the only way.  Steer clear of fringe projects.

The newbies won't listen to us if we give them that warning that they shouldn't invest on those tokens. They might even accuse us that we don't want to see them in profit, that's what they're going to think about that even if we're doing them a favor and we're giving them tips for their own cause. Even the red flags are obvious and visible, they just can't help themselves with that and what they're going to do is to let them experience on their own the taste of their own dosage.

I feel the same way as you do. What if there’s even personal differences between the project owners and the ones handling the twitter page, you never can tell because those instances can happen even if it does happen rarely. There should be proof to back up their claims of project been a rug pull. And the best way to know a rug pull project is by doin your personal research about it even after or never was it mentioned by any page of being a scam. It is good to keep safe from such projects, keep awareness and also tell and confirm by yourself if a project possesses such negative notion of a rug pull project.

The best way to avoid those rug pull meme coins are just not involved with it. Simple. Meme coins are full of degens and only 1 or 2 of those are actually doing something and making a return for those who cares. It's just not worth it to cares of these meme coins, sure the reward is promising sometimes but with the risk they offer mostly, then just forget it.

People seem to be following the risk part these days; they don't want to miss out on what they call early gems or how they classify them.
 
Since some other memecoins have pulled off well, some people who are new to the market want to buy every new memecoin that's just launched before they could even make a name, as they believe it's the best time to make a big profit before the coin can start trending. Their ignorance leads them into the trap of most of those scam projects.

Well for me to not be scammed like this is a easy way. There is alot of rug pulls from the new alt coin projects that we do not know alot about.

For me I do not get it why people want to invest in new projects. We have so many coins we can just just hodl and we will get big gains.

I guess its just combination of analyzing the smart contract codes to find some code that not up to the standard of protocol and also figuring out where all the coin went, fair meme coin usually put everything as LP, even if there's leftover coin it went straight to the burning address not to the devs wallet, we could pretty much know that a developer is not honest when they are transferring some ERC20 token meme coin in to their wallet instead of putting all allocation either to the LP or to the burning address.
that way its easy to distinguish potential rugpulls.


usually though there has been many warnings from automated security audits in some site like dexscreener that allow us to know firsthand the risk involved with the smart contract but sometime people just don't give a damn until they lost their money for real.
if anyone don't wanna get rugpulled just stick with the coin that has made it to exchange or something seriously at least these probably already got reviewed.

I checked thier tweets and they have been posting mostly contract addresses on Solana. It is not that easy to track rug pull as everyday there are new meme coins that are coming up. Still, it is impressive to see these guys going after the bad ones. I wonder what do the check to come to the conclusion. Followed them and will keep monitoring the tweets for safety.

Meme coins on Solana are mostly rugs. Last month there was 500,000 tokens created and how many were successful ? Maybe 100, or maybe 200 or so. The rest were all pump and dump or rugs pulls.

This Is one of the problems with DEX. Usually with a CEX, they do their investigation and only list credible tokens because they don’t want their users to complain. But with a dex, anyone can launch a token and most just launch rug pulls because they want a quick buck.

This is kind of rug pull but anyone who really wanted to do an exit scam wants things to be absolutely perfect so they won't leave such easy trails and that's why I said it is impossible to predict them with 100% accuracy cause exit scam is something that's gonna happen in future but screening potential scam projects with these kinds of tools can narrow down a lot for an average joe.

There isn't any, people do not realize that rug pulls do nto tell you that they will rug pull, sure there are some risky stuff but people do not lose tens of millions of dollars or even over hundred million dollars on those simple obvious one s that you can list anywhere.

It is the ones that look as legit as it gets, and ones that look like they are going to do incredibly well, and ones that stay very good for a while, those do end up with something that takes a while and in the end it feels like they are doing the right thing but when you think about it, it is not that simple at all. Those eventually turn to scam, they reach millions of dollars, and then they say "enough with legit, lets scam" and that's where most people lose money.

As much as the account may try its best to spot scams, they can only pick out so much. I went through the account and most of the coins they flagged as scams are pretty obvious ones. The problem comes with the not-so-obvious ones. There are many scam coins that look legit and may even be around for a long time and build a community only for that community to get rug pulled.

One advice I'll give to people is to always take profits. Sometimes, because you want more profit you can get rug pulled when you could have simply taken the little profit you've made home.



This is a pretty detailed article. It covers almost every kind of scam in the industry. I like how all through the article it says "bitcoin and cryptocurrency". That's separating Bitcoin from altcoins.

I hope you don't mind because I'm going to share that link with some of my people that I feel will need it.

Projects that have the potential to rug pull are pretty evident if someone does a bit of research before making investments. They will always have some sort of a thing that would give it away because they wouldn't be able to cover that part and someone with experience can easily tell that the project isn't here to stay but is only looking to earn some money from their investors and as soon as they achieve what they are looking for, they will run away with the funds.

This is the reason why investors need to make sure that they do a lot of research when they are making investments in altcoins, especially when they are doing it in projects such as meme coins or shit coins because these sort of projects tend to have a higher probability of becoming a scam.

People definitely undermine the ability of some teams to invest a lot of their efforts and time into making you believe that they are a legit project that will be here for a long time. They do this obviously for more profits. The more they pretend the more people will trust them and spread the word = more profit for them. This is why there's really no definitive tell-tale signs of a rug pull project.
I second this. Don't be greedy and don't put too much confidence in whatever you are investing to!

That's exactly how Ponzi schemes work and many other scams follow this tactic. I've heard of a crypto investment scam where you gave the "investors an amount of money to invest for you, they'll deliver on their promise and give you the agreed amount within the agreed period. This would motivate you to invest more and also spread the good news. They even tell you about referral bonuses and would compel you to bring in more people, when they have gotten a reasonable amount, they'll disappear with the money.

Scams take different forms. Some are patient and take time while some just come to you right away. The more successful ones are the patient ones. They can last for years, picking up more potential victims along the way. They have people that can vouch for them. Most of these scams have people who can say "Look, I made this amount from this, it's legit", those people do not know they're doing the scammer's work for them.

Actually, there is no need to refer to one particular account so that it doesn't become rugfull, just avoid meme coins so you don't have to bother checking every day just to see meme coins that have been blacklisted. This promotional method can be a trap for beginners. This means that an account that always does research is paid to detect fraudsters, but on the other hand it deliberately passes other meme coins that are basically rugfull. Therefore, many end with DYOR, indirectly the decision goes back to the buyer. Safe ways to avoid carpet pulling buying meme coins. If you are not prepared to face losses in meme coins, it is better to never touch them at all. Putting money into a meme coin is simply a gamble, as it was created purely as a joke.

Scam tokens appear every day now since solana started hosting memecoin at very affordable prices for scammers, I think Is already a lot of work on their hands now, so give them a break.

Great topic OP it's nice that you shared this here, but I also think it would be a good idea to also help them by sharing what ever scam token they burst, that way more people woidl hear about it and keep off.

This can be a big help but I still prefer to know this on my own since I do my due diligence every time I invest with new projects and with the meme tokens. New Meme tokens have a higher chance of becoming a bad project and rug pull so be careful with dealing with them and make sure you know how to ride and exit the hype with the meme tokens. If you don’t want to fall to any scam project, stay away from a new one.

That’s one of the ways, but don’t forget to do the due diligence of checking and scrutinizing by yourself. Because you may go to check if they have flagged the project and they probably haven’t posted about it yet, so you assume it’s safe. So it’s not a complete security. It’s just one you can add to the many other ways you can check for scams before investing.

Yeah, that is the problem there. They have the courage to invest immediately without having a good knowledge in their brains but they are still lucky because there are still people who are like that in the OP who are willing to share their knowledge to them. It is said that they are so accurate and if only we know how to determine on our own, then I don't think we will look and use their service.

But, if we can get an idea with them, that's great. It means that we are also willing to learn on our own and maybe eventually we are now ready to abandon them. There might also be a time that they will stop their service for some reasons, so learning is important or highly recommended.

Research and due diligence is important.

But what's effective way to be safe from Rug pulls is not to invest on meme coin since almost all of them are scam. But unfortunately there's a lot of investors still take the risk and do bad decision upon proper selection of those tokens. But if they could able to do at least to research the community and if there's chance for the project to last long then maybe there's a chance for them to earn from these meme coin.

Also they should avoid the hodl mindset on meme coins since most likely they will just experience those rug pull schemes and hard for them to recover.