Beginner's Guide: Don't fall for DeFi-Airdrop-Scams

[Godwinpaul]

It's getting interesting, reading through how people could get scammed in this space. The uniswap platform has made things easier for scammers and most persons are only interested in benefiting from the pump, that emerge from a project irrespective of risks attached. I only hope that people could be wiser and less greedy Inorder to avoid situations of this nature.

[bullrun2024bro]

I took part in airdrop project called 'padthai' which exit scammed just around a week ago, they had anonymous team and steps were pretty much similar to what you described. I lost 0.2 eth in it.

Oh man.. I am sorry for your loss! Do you have some more information concerning the scam (social media accounts, website etc.)? Is this the contract address?

PADTHAI.finance: https://etherscan.io/token/0xB35A8a7fcbb0465Af7165e8C9C954beA68924b0F

If you want to share some more information, I could add the scam to the DeFi-scam list i created: DeFi-Scams - Big All-In-One-Thread

Same here. It is really hard to understand because many DeFi coins are completely useless. It's just speculation of highly hyped shit where the only task is to find a bigger idiot who is paying more for it. That reminds me of an useless Ethereum Token ICO called "useless Ethereum Token" which collected around 200k USD in an ICO in 2017 and is now, no surprise - totally worthless. 

Oh yea, I remember that one. It's still listed on CMC... what a shame.



Source: https://coinmarketcap.com/de/currencies/useless-ethereum-token/

Obviously zero markets and zero volume. But that's not particularly surprising when you bought a coin called the "Useless Ethereum Token". 

[libert19]

I took part in airdrop project called 'padthai' which exit scammed just around a week ago, they had anonymous team and steps were pretty much similar to what you described. I lost 0.2 eth in it.

Oh man.. I am sorry for your loss! Do you have some more information concerning the scam (social media accounts, website etc.)? Is this the contract address?

PADTHAI.finance: https://etherscan.io/token/0xB35A8a7fcbb0465Af7165e8C9C954beA68924b0F

If you want to share some more information, I could add the scam to the DeFi-scam list i created: DeFi-Scams - Big All-In-One-Thread

Contract address: https://etherscan.io/address/0x6f450f117114075d1d1c91dd64a61c0ba72ca68f

All social media channels are deleted but if you like links here you go:

Website: https://padthai.finance

Twitter: https://mobile.twitter.com/PadThaiFinance/status/1306786230051504130

Medium: https://medium.com/@padthaifinance

[Nellayar]

Once again, scammer uses a very old and common scam technique. Send first and get something back later. No matter how much the contributed amount is (0.1 ETH in this scam), it is a scam rule to join a scam group.

If people always keep it in minds and don't let greediness blurs their minds, they won't be scammed.

I turn off the option to invite me to groups from Telegram users that are not in my contacts. Everyone should do this too because scammers join groups to get list of users in groups and send their scam invitations.

Its always been the issue in cryptocurrency industry, the scam giveaways. But unfortunately, there are still people who fall to this scam technique, thinking that who they are communicating is always real because of the profile picture and good words. It is really obvious that this are scam because they will not use your fund for something such as fund raising or investments. They just saying that you have to send eth first and they will give you back plus the interest. Only fool and ignorant will fall to that repeated scheme. But because of imagination (millionaire imagination) there are still blinded by this fake projects.

[bullrun2024bro]

Contract address: https://etherscan.io/address/0x6f450f117114075d1d1c91dd64a61c0ba72ca68f

All social media channels are deleted but if you like links here you go:
Website: https://padthai.finance
Twitter: https://mobile.twitter.com/PadThaiFinance/status/1306786230051504130
Medium: https://medium.com/@padthaifinance

Thanks for sharing the information concerning the PADTHAI.finance exit scam. I added the information to the 'DeFi-Scam' list (DeFi-Scams - Big All-In-One-Thread - LAST UPDATE: 19/10/2020).

For additional information please see the screenshot below:



Source: DeFi-Scams - Big All-In-One-Thread