Too many project SCAMS - PLEASE CAREFUL

[kevinzxz]

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.

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.

[mamesso]

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
- ....

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.

[mezzaluna]

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.

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.

[WalkerIVIV]

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.

I think bounty hunters do not have a big responsibility in terms of viewing and participating in bounties, because each bounty participant is free to determine which bounty they will participate in and of course they also see it according to what they have analyzed by themselves.

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

[Wulan_maniez]

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.

[Fivestar4everMVP]

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.

[Kunnu]

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.

[begau]

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.

[iTradeChips]

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.

[Rexler]

- DEXs and Swap service giving free airdrop (e.g. Uniswap, 1nch exchanges)

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.

[lepbagong]

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.

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.

[Cling18]

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.

[Chainsmokers]

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

[Princejebs]

Quickly growing sphere will always be a popular place for scammers, because there is a lot of money here and some people are inattentive or just inexperinced in new technologies. I always advise my friends to check several times projects which require any payments ot something else related with spending money or time on it. Scams aoppear often nowadays, so all of us should be careful

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.

[Sirait]

^ 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.

[Xxmodded]

^ 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.

[iTradeChips]

I think scaming or scams will continue to happen so our best way is to prevent new people from entering the crypto world by educating them and notifying them of the type of project that is doing the scam, or something like a ponzi scheme.
It is also useful to reduce people's negative view of crypto.

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.

[lalabotax]

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.

[Hobo66]

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.

[Xxmodded]

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.