Latest Scam Trend

[HiDevin]

I know there is the stickys but who reads the last replies from the stickies?( I didn't know which section I should write this in so I wrote it here sorry! )
Anyways here's the latest scam trend that is happening right now.

https://bitcointalk.org/index.php?topic=4736575.0

Using outdated HYDRO tokens to scam the lender.

https://bitcointalk.org/index.php?topic=4818723.0

Tried to scam lender with fake UBEX tokens.

Most scammers are trying to use fake tokens to scam lenders but like Parodium said,

Be sure to check the smart contract of any tokens you receive as collateral guys.

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[HeyYaCoin]

This has happened to me unfortunately:/

[ferall]

Good share, i see this was attempted again in the last few days.

[ThatRandom8543]

This is usually why I ask for the address where the tokens are held so that the contract address can be confirm to official or a fake. Hopefully this will be a lesson for anyone accepting tokens to make sure to confirm that the borrower has the tokens AND to make sure the contract address related to the tokens are official and not a fake.

[luglopersalt]

Don't think I'll be asking for a "loan" anytime soon... Learned my lesson. It's better to "earn" your own money anyway. That way you don't have to be
In some wannabe elitit's debt! 

[Thirdspace]

that's why it's somewhat safer to accept only well recognized or established altcoins
tokens are too easy to create and just a way to collect investor funds, tend to be a scam tool
(no-premined) altcoin requires work and cost, the bigger the community the harder it is to die

[Eadefemi]

I daresay that this isn't a new trend but a resurrected old trend. It's commonplace in the crypto marketto send fake coins with different contract addresses as originals...

Thanks for bringing it up... We'll be on the lookout

[mela65]

Great information for Lending service providers. As i know everybody can create any token on ethereum database. So every lending providers should check the contract address of tokens.

[QTC]

Very similar experience.. not UBEX but BTC. Be careful and always check addresses.