An unknown person created 100 scam tokens in 1.5 months

Unfortunately, fraud is inevitable in the world of cryptocurrencies. Currently, the most common type of fraud is scam tokens. Recently, the well-known analyst Zach Watkins reported the creation of 114 scam tokens in just 1.5 months. These tokens are created to deceive users and make quick profits for fraudsters.

  • In order to identify a scam token, you need to pay attention to some signs, such as low capitalization, unclear profit promises, and the lack of a real product. In addition, it is important to pay attention to the source of information about the project and conduct your own research before investing.

Negligence and ignorance can lead to large financial losses. Therefore, investors should remember that scam tokens are a real threat on the way to successful investment.

Read more ➜

Share on social media
Ivan Danchuk
Ivan Danchuk

Hello everyone, I'm Ivan from Chernivtsi, a young man and the editor of this wonderful website. I am an active and energetic young man, always ready to spend my free time having fun and doing something useful. I also like to play sports and attend interesting events. In addition, I have broad interests in cultural and social spheres, which allows me to keep abreast of all news and events.

Articles: 418