Beware of scam projects out there ⚠️⚠️

[Mpamaegbu]

Some are only open for you to buy but you can't be able to sell. When you hit sell botton a warning message will be sent to you.

Some criminally minded devs blacklist addresses they don't want to sell. They make it difficult for such and that's why. In some cases, these criminals whitelist only their own addresses and those of their cohorts. You won't get to know all that except you run onchain analysis on the project and hodlers addresses.

Do not invest in shitcoin, but if you If you will insist on trying, just gamble with what you can afford to loose.

The funny thing is that some people even refer to ETH as a shitcoin. To this set of people, anything that's not Bitcoin is shitcoon. Is that your definition too?

[Baki202]

This is just one of those pump and dump projects. They usually have the same pattern, create the hype, recruit people to shill the project on social media and at the peak of the hype,  dump on everyone... rinse and repeat. Anyone investing in this projects must be prepared to take losses sometimes, hence it must be done with what the investor can afford to lose. Some people may be lucky to sell when the founders are selling but majority of the people will lose money.

People need to identify this kind of projects is very easy and most people don't even like to invest in new projects because of the kind of risk that it comes with because we all knows how coins like this are always ending they are a pump and dump coin and anyone targeting new coins should know the risk of investing in them comes with, most peoples targets are the quick profits so a quick one is going to come with a lot of risk, and for those that are avoiding pump and dump know what to do and projects to buy because what you see in socials not all are true.

[Franklyn-wood]

This is just one of those pump and dump projects. They usually have the same pattern, create the hype, recruit people to shill the project on social media and at the peak of the hype,  dump on everyone... rinse and repeat. Anyone investing in this projects must be prepared to take losses sometimes, hence it must be done with what the investor can afford to lose. Some people may be lucky to sell when the founders are selling but majority of the people will lose money.

People need to identify this kind of projects is very easy and most people don't even like to invest in new projects because of the kind of risk that it comes with because we all knows how coins like this are always ending they are a pump and dump coin and anyone targeting new coins should know the risk of investing in them comes with, most peoples targets are the quick profits so a quick one is going to come with a lot of risk, and for those that are avoiding pump and dump know what to do and projects to buy because what you see in socials not all are true.

There are people who feels like following trends so when ever they see new things they want to try it at least to have knowledge of it and to be able to also say that they have ried it before. So sometimes it not becuase this people are ignorant of the danger of buying any of the stocks, but rather because they want to be among those that have tried it and attach with the money they will see from it will make them stay.

[Peanutswar]

Good day forum, hope you'll are doing good wherever you're located.

[...] At first there was a lot of buzz and hype around it, and it was pumping like crazy, untill it came crashing down.

[...]

I can call this as a normal days in this crypto world, you didn't observe here because at the first place reason they created a hype because they already manage to have their positions at the early start of the token at the low market cap so all they need is to create a hype, gain more investors and people who will invite more to create a manipulation and liquidity exit so sad to see you are one of them. Thats why do always seek a coin has a potential not a hype and then invest you afford to lose.

[B-BossMan]

This token, ESPORTS was created mid 2025, and it is dumping up to 90% this year. I once heard from the forum that shitcoins are just created to drain people's funds, take a look at what they're cashing out, $13M+, this is crazy, like this space is full of scams and all.

I use to sometimes try seeing if there are any good projects out there that I can take advantage of their pump, but this is scary, this is barely a year and it is dumping like this. I ain't touching shitcoins again.

No need for speculations, this is purely a rug pull, a dev project to cashing out big, there is no utility, no problem solving, just create, hype, and then rug pull to cash out.

Don't jump on new shitcoins unless they prove themselves as trustworthy and real in development. This isn't new in this crypto industry; they come just to drain our wallets. Unless you take lessons from these types of scam projects, then probably you will lose funds constantly. At the beginning of a listing, they try to pump through various ways by creating hype, market-making and influencers. So when the price goes a little bit up, then they rug investors.

Developers aren't thinking about investors because they come here to rug pull investors' money. When there is a good price, then they will sell their holding that they call 'team tokens'. They sell all together, and the price will go almost near zero. Because almost all liquidity will be pulled by the scammer team, and nothing will be left for their investors.

This a big sound warning to us all, in my own perspective and the strong mindset I have developed so far, I don't think I will ever believe in all this crypto influencers again, I know and I can testified how many times I fall victim in back years. So I can convince anyone that's intended to invest in all this shitcoins not to believe in thier words and proves to some extent. Because they made use of the bitcoin's name just to convince many people and acquire much engagement on order to scam them at the end. No matter how they fakes it don't be believe them, they know bitcoin is the only most popular and most valuable asset that people choose, that's why they make use of the name to scamm people. So we just have to take caution ⚠️  when we came across them.

[Rubuchi]

There are people who feels like following trends so when ever they see new things they want to try it at least to have knowledge of it and to be able to also say that they have ried it before. So sometimes it not becuase this people are ignorant of the danger of buying any of the stocks, but rather because they want to be among those that have tried it and attach with the money they will see from it will make them stay.

unless if you are doing it for the fun of it, I will not advise anybody to go into trading or investing in a coin they are not comfortable with. What this crypto market is all about aside from making money is also building a confidence and comfort around it, without being over comfortable though. Moderating every part of it very important for every trader and investor. Learn, because acquiring knowledge in crypto world is the key to success, it is not gambling but a knowledge driven economy, so you are encouraged to learn and be informed so you can make money and make progress.

[avp2306]

There are people who feels like following trends so when ever they see new things they want to try it at least to have knowledge of it and to be able to also say that they have ried it before. So sometimes it not becuase this people are ignorant of the danger of buying any of the stocks, but rather because they want to be among those that have tried it and attach with the money they will see from it will make them stay.

unless if you are doing it for the fun of it, I will not advise anybody to go into trading or investing in a coin they are not comfortable with. What this crypto market is all about aside from making money is also building a confidence and comfort around it, without being over comfortable though. Moderating every part of it very important for every trader and investor. Learn, because acquiring knowledge in crypto world is the key to success, it is not gambling but a knowledge driven economy, so you are encouraged to learn and be informed so you can make money and make progress.

Not good to invest on coin or token which you didn't have any confident to invest on first place. Because that means either you didn't do any more deeper research about those alts or the project is so shady and there's only few information about those alt so investing with it is truly risky.

If they avoid doing such action maybe they potentially avoid losing money from shitcoins. So best to do more research and always know the background and other more helpful information before investing. Because obviously we are dealing with many scams online and its hard to lose money because we didn't pay attention knowing if the project is reliable or just another scam.

[Ronsbit]

Not good to invest on coin or token which you didn't have any confident to invest on first place. Because that means either you didn't do any more deeper research about those alts or the project is so shady and there's only few information about those alt so investing with it is truly risky.

If they avoid doing such action maybe they potentially avoid losing money from shitcoins. So best to do more research and always know the background and other more helpful information before investing. Because obviously we are dealing with many scams online and its hard to lose money because we didn't pay attention knowing if the project is reliable or just another scam.

Before you think of investing in any coin, you should have done a little research on it and that research is what boosts your confidence and morals to invest in it because you have clues about it there is nothing you can be afraid of as you already know much about the project. This is a situation where you feel free because the project would definitely yield you good profit in due course because it is reliable and trustworthy.
Only shaddy projects are worth avoiding because it would definitely sink down your investment and there is nothing you can do about it so it is better to do a good and thorough research to make sure you are putting your funds in the right place so you do not regret your actions on the future.

[Ojima-ojo]

Most of the newa project this days are nothing but Ponzi like in nature and their drive which is the hype around their projects gaining popularity to drive investors is not always good way to showcase a potential investments project.


Majority of the memecoins have turned out to be a scam and investors should learn better by now, that their dev team are nothing but exit scammer's hovering around just to scam people, promising high returns in short time frame that is impossible.

[Ishicryptic]

Advice: We all should just focus on investing in Bitcoin, I know a lot of us already have this sentiment, but for those who are just starting, and those thinking just like me, that maybe I can cash out from a shit project, well, it's a gamble, so it might be possible, probably after loosing a lot of money to some scam devs, but don't, apply the DCA method, and you'll come out better at the other side.

Disclaimer: I did not invest in this, I only saw the news so I decided to share here.

Newbies who are not informed about the dangers of memecoins and experienced investors who are looking for quick profits are all gambling their funds by buying these shitcoins, we can blame ignorance for newbies but experienced people in the crypto market should know better. These projects are not like Bitcoin which is decentralized they are owned by scammers who hypes them in social media to get victims to put money into them, they are not much different than Ponzi schemes. Newbies should always do research before buying altcoins and no matter how a project is hyped they should invest with small amounts so that if the project dies before they liquidate their lose would be minimal.

[Ever-young]

There are people who feels like following trends so when ever they see new things they want to try it at least to have knowledge of it and to be able to also say that they have ried it before. So sometimes it not becuase this people are ignorant of the danger of buying any of the stocks, but rather because they want to be among those that have tried it and attach with the money they will see from it will make them stay.

Approaching an investment opportunity or any asset with such mentality isn’t called investing at all but purely gambling and this is one of the most dangerous ways to approach any asset, especially when the asset is volatile, because you never really know what to expect and there is basically no defined goal backing your decision to invest in that asset, meaning there’s also no focus at all.

[Kalchef]

In the last few hours a well known crypto project that's well funded and listed on Binance dumped from $42 to $9 right now and I don't think that's the end of the downtrend, this is the problem with alternative coins. Even though some of them have good utilities they aren't well trusted like Bitcoin, and this will always be the case for many years to come unless the numbers of existing cryptocurrencies got limited somehow, altcoins investment are too risky and that's why you don't want to play this game with most of your money, this space is where you will have $10 and all you should spare is $1 into altcoins, they are this risky and unreliable.

If they don't get dumped all of a sudden.
Someone will hack the chain and drain the liquidity.
If the team themselves don't exit scam on you.
The once trusted community who pretended to fully support the project will start dumping on you.

[craftyart1010]

Yes there are many projects out there, but one of the biggest is SamFw (SamFwTool) a scam. It’s marketed to people who want to bypass Google’s FRP (Factory Reset Protection) lock on Samsung Galaxy phones or to change a device’s CSC (Country Specific Code). However, the tool contains a hidden malicious payload. If you run it on your computer especially if you have wallets, saved passwords, or seed phrases accessible on the system it steal sensitive information. 

To use the tool, you need to disable antivirus and run it on your main computer. Malwarebytes Senior Research Engineer reportedly analyzed the installer (SamFwToolSetup) and found a malicious component. 

A detection like “Trojan.dropper” generally means the program can install or deliver additional malware after it runs. In this case, the malware is described as an “infostealer,” designed to collect browser data, cookies, saved passwords, and private keys/seed phrases potentially emptying cryptocurrency wallets. Do not download, install, or run any SamFwTool software from samfw.com.

[Baki202]

unless if you are doing it for the fun of it, I will not advise anybody to go into trading or investing in a coin they are not comfortable with. What this crypto market is all about aside from making money is also building a confidence and comfort around it, without being over comfortable though. Moderating every part of it very important for every trader and investor. Learn, because acquiring knowledge in crypto world is the key to success, it is not gambling but a knowledge driven economy, so you are encouraged to learn and be informed so you can make money and make progress.

When it comes to trading, at least you will need to learn and then start execution little by little because one thing that matters most in trading is knowledge and experience. There are many people who want to do try and error and play with their finances and altcoins that can be trusted, but the worst of them all are meme coins and those who are constantly investing in them. I wonder what kind of heart they have because the kind of risk that comes with it is not normal and most are even scams.

And when the right information is available, people should be able to identify scam projects with ease because there are many of them. However, only a small number of people are able to identify scams because money has blinded them, so they don't even want to see anything else. Their primary concerns are money, so they don't even want to do their own research on a new project; instead, they just want to go and invest without doing any proper investigation.

[yixichloro2xx]

Most of the newa project this days are nothing but Ponzi like in nature and their drive which is the hype around their projects gaining popularity to drive investors is not always good way to showcase a potential investments project.


Majority of the memecoins have turned out to be a scam and investors should learn better by now, that their dev team are nothing but exit scammer's hovering around just to scam people, promising high returns in short time frame that is impossible.

‎I still don't understand why people still believe that, they can pull profit out of these shit projects. People are doing it because of greed, if not they won't put their hard money into project that doesn't have value and unknown developers who doesn't have legit backings. They think that, if they jump in early, they can quickly take out their profit and exit early.  That's just the mindset of a gambler and we know that, it doesn't usually end well. People must be aware enough to know what can of project they are putting their money into. For that to work, they should try to research about the project, focus on projects that have good values and long term returns ( they should stop chasing short term gains; reason is because they carry more risks due to their volatility), their risk management, position sizing etc.

[Issa56]

Most of the newa project this days are nothing but Ponzi like in nature and their drive which is the hype around their projects gaining popularity to drive investors is not always good way to showcase a potential investments project.

It’s just difficult to invest in all this new projects because most of them are scam, I don’t even know if real projects are still entering the market right now. Most of the coins are just pumped so that they going to get people’s attention, and we know that’s what people are always after, they want quick money, if the project team notice that they have enough recognition, they just going to dump the coin, and people that invested are just going to lose their money.

If you want to invest and you want to have peace, just leave your money in bitcoin, all the new projects in the market are just going to make you lose instead of earning.

Majority of the memecoins have turned out to be a scam and investors should learn better by now, that their dev team are nothing but exit scammer's hovering around just to scam people, promising high returns in short time frame that is impossible.

Most people investing in meme coins are just greedy set of people, they know those coins are just pump and dump coins, but they still want to take the risk hoping they going to be lucky to make some money. You can’t be an investor, and you won’t know the risk involved in meme coin investment.

[craftyart1010]

Most of the newa project this days are nothing but Ponzi like in nature and their drive which is the hype around their projects gaining popularity to drive investors is not always good way to showcase a potential investments project.

It’s just difficult to invest in all this new projects because most of them are scam, I don’t even know if real projects are still entering the market right now. Most of the coins are just pumped so that they going to get people’s attention, and we know that’s what people are always after, they want quick money, if the project team notice that they have enough recognition, they just going to dump the coin, and people that invested are just going to lose their money.

If you want to invest and you want to have peace, just leave your money in bitcoin, all the new projects in the market are just going to make you lose instead of earning.

Majority of the memecoins have turned out to be a scam and investors should learn better by now, that their dev team are nothing but exit scammer's hovering around just to scam people, promising high returns in short time frame that is impossible.

Most people investing in meme coins are just greedy set of people, they know those coins are just pump and dump coins, but they still want to take the risk hoping they going to be lucky to make some money. You can’t be an investor, and you won’t know the risk involved in meme coin investment.

Have you heard about the samfw scam? It’s not just about memecoin projects there are many scam projects, tools, and related sites involved. Even in Steam games, the FBI reportedly found malware designed to steal users crypto seeds. I’m a victim of the samfw scam, and just a bit of research you will see lots of articles and posts claiming that the tools are “safe.” That claim is fake. Please don’t download, install, or run anything from samfw.com.

[Nightwatchmare]

Most of the newa project this days are nothing but Ponzi like in nature and their drive which is the hype around their projects gaining popularity to drive investors is not always good way to showcase a potential investments project.


Majority of the memecoins have turned out to be a scam and investors should learn better by now, that their dev team are nothing but exit scammer's hovering around just to scam people, promising high returns in short time frame that is impossible.

‎I still don't understand why people still believe that, they can pull profit out of these shit projects. People are doing it because of greed, if not they won't put their hard money into project that doesn't have value and unknown developers who doesn't have legit backings. They think that, if they jump in early, they can quickly take out their profit and exit early.  That's just the mindset of a gambler and we know that, it doesn't usually end well. People must be aware enough to know what can of project they are putting their money into. For that to work, they should try to research about the project, focus on projects that have good values and long term returns ( they should stop chasing short term gains; reason is because they carry more risks due to their volatility), their risk management, position sizing etc.

People still believe they can pull profit out of shit projects because there are people who are luckily pulling off good profit from shit projects. Even as shit projects are not reliable, they can make people lose their money quickly, and they are seen as ponzi, since there are people who are not patient enough to hold Bitcoin for a very long time, some persons will always gamble their money on shit projects as it has the ability to make someone rich in a short time. People who knew about trump coin early were lucky to pull out good profit before it crash, so making profit on shit projects is all about jumping in early.

[tech30338]

Most of the newa project this days are nothing but Ponzi like in nature and their drive which is the hype around their projects gaining popularity to drive investors is not always good way to showcase a potential investments project.


Majority of the memecoins have turned out to be a scam and investors should learn better by now, that their dev team are nothing but exit scammer's hovering around just to scam people, promising high returns in short time frame that is impossible.

‎I still don't understand why people still believe that, they can pull profit out of these shit projects. People are doing it because of greed, if not they won't put their hard money into project that doesn't have value and unknown developers who doesn't have legit backings. They think that, if they jump in early, they can quickly take out their profit and exit early.  That's just the mindset of a gambler and we know that, it doesn't usually end well. People must be aware enough to know what can of project they are putting their money into. For that to work, they should try to research about the project, focus on projects that have good values and long term returns ( they should stop chasing short term gains; reason is because they carry more risks due to their volatility), their risk management, position sizing etc.

People still believe they can pull profit out of shit projects because there are people who are luckily pulling off good profit from shit projects. Even as shit projects are not reliable, they can make people lose their money quickly, and they are seen as ponzi, since there are people who are not patient enough to hold Bitcoin for a very long time, some persons will always gamble their money on shit projects as it has the ability to make someone rich in a short time. People who knew about trump coin early were lucky to pull out good profit before it crash, so making profit on shit projects is all about jumping in early.

but this scams will never let you be the early one they will make sure they are already ahead before they let you in, if you are one of them maybe you'll be ahead, but they always make sure they let you in when its nearing to be close, and they let you believe that this will still last, so as for you , you will try to invite some of your friends in this Ponzi or a coin, and you will be the liquidity and your friends, so stay away in this kind of project and don't greedy on what they show you.

[Humblevirus]

‎I still don't understand why people still believe that, they can pull profit out of these shit projects. People are doing it because of greed, if not they won't put their hard money into project that doesn't have value and unknown developers who doesn't have legit backings. They think that, if they jump in early, they can quickly take out their profit and exit early.  That's just the mindset of a gambler and we know that, it doesn't usually end well. People must be aware enough to know what can of project they are putting their money into. For that to work, they should try to research about the project, focus on projects that have good values and long term returns ( they should stop chasing short term gains; reason is because they carry more risks due to their volatility), their risk management, position sizing etc.

It is not only greed that leads some people to invest in scam projects, but also a lack of knowledge. Some newbies never give themselves time to learn before investing, and anyone who does not gain some knowledge before investing is very likely to end up investing in the wrong project. In fact, there are some newbies who don't even know the difference between Bitcoin and altcoins, yet they are already investing in the crypto market. So, a lack of knowledge has led many people to make poor investment decisions.Investing blindly is very risky, and that is exactly what most newbies are doing. Once they see a new project they believe it will perform well, so they go ahead and put their money into it. After they lose their money, some of them start saying that cryptocurrency is a scam.I have also made mistakes in the past by investing in scam projects. At that time, I was influenced by an influencer and it all happened because my knowledge was very limited