Categories: Crypto Scams & Fraud

$11.29 Billion in My Wallet?! I Was NOT Ready for This 😱💸 #crypto #trading #money #rich #billionaire



I would like to express my special thanks to MEXC for listing these tokens and providing the opportunity to buy them on the exchange!

A scam token is a token created with the intention of deceiving and making a profit by manipulating its price and supply. The smart contract of such a token often contains suspicious functions. For example, the “mint” function can be used to create additional tokens and sell them.

Some scam tokens may include features that allow altering the tax on sales (“tax can be modified”), turning the token into a “honeypot” — a trap where it’s impossible to withdraw funds. There may also be other suspicious features.

Such tokens usually exist for a limited time, as scammers disappear as soon as they make a profit. To avoid losing funds, it is important to carefully check the smart contracts of tokens for any suspicious features.

source

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