Run for dear life? Crypto scams examined

  • Create social media accounts with ALMOST the same name as the project you are interested in
  • Hack known accounts and post malicious links from them through direct messages or through announcements
  • Hack websites and redirect to their malicious system when you connect your wallet
  • Ask you to provide your private wallet key
  • Ask you to accept a transaction with the excuse of sending you money with the intent to drain your wallet
  • Create any combination of the above
  • the classical Rug Pull (the fastest of the three main types)
  • the Slow Rug (which can last for several months before the founders make off with the money — often with the excuse that the project has failed, when it hasn’t)
  • the Accidental Rug, which is essentially a synonym for mismanagement which leads to the project failing, but not necessarily in a premeditated way.



Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store



The first community-driven platform dedicated to sharing research and portfolio insights on Blockchain tokens and cryptos. Share & Earn! —