A way to be safe from Rug pull

[Cryptoababe]

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 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.

[Hazink]

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.

[btc78]

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 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.

[TastyChillySauce00]

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. 
 

Please update your browser first.



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.

They need to keep the account updated with information about suspected scam tokens even before the scammers succeed in scamming anyone.

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.

[mk4]

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

[Hazink]

@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;

[peter0425]

They need to keep the account updated with information about suspected scam tokens even before the scammers succeed in scamming anyone.

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.

[livingfree]

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.

[Cryptoababe]

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

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.

[coin-investor]

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.

[Cryptoababe]

They need to keep the account updated with information about suspected scam tokens even before the scammers succeed in scamming anyone.

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.

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.

[glendall]

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

[danherbias07]

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.

[Strongkored]

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.

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.

[albon]

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, Chainaware, Cube3..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.

[moneystery]

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.

[betswift]

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 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.

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!

[Sayeds56]

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, Chainaware, Cube3..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.

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.

[Yatsan]

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 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.

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.

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.

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.

[AbuBhakar]

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 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.

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.