How To Avoid Crypto Scams? Rug Pull, Honeypot Scams Explained
Ғылым және технология
Crypto scams like rug pull and honeypot, have you heard of them?
What is a rug pull?
A rug pull is a malicious scheme in which a bad actor takes away your investments from a liquidity pool. The term comes from the action of pulling a rug underneath someone so as to remove stability. While toppling you over, the scammer takes your crypto with them. This happens when an investor trades a token that they think might have some value. But in reality, the token is worthless. The developer has made it seem like it’s worth something by hyping it up on social media.
What is honeypot?
Honeypots are crypto scams that allow investors to purchase tokens but disable the selling of those tokens. The scammer would insert a code into their smart contracts which only permit certain addresses in their favour to sell the tokens. This then leaves the unsuspecting investors with worthless tokens.
One way to spot a honeypot is when there are a string of buys on the token with hardly to none sells. The price chart usually shows a continuous uptrend, baiting investors into buying it. Once the price has appreciated significantly, the scammer will begin selling their tokens until they have none left. Eventually, the price will depreciate so drastically that the token becomes worthless and investors are unable to get their crypto back.
This video guide teaches you how to spot scam tokens, and gives you top tips to avoid them!
Links Mentioned
Etherscan: etherscan.io/
BscScan: www.bscscan.com/
Honeypot Detector: honeypot.is/
RugDoc: rugdoc.io/
Token Sniffer: tokensniffer.com/
BSCheck: www.bscheck.eu/
Timestamps
00:00 Intro
00:30 What is a Rugpull?
01:37 What are Honeypots?
02:45 8 tips on spotting crypto scams
06:15 Final thoughts
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#Crypto #Rugpull #Honeypot
Пікірлер: 178
To know more about rug pulls in detail and how to avoid them, you can watch this video here 👇🏻 kzread.info/dash/bejne/iJ2j0sSzcda_eso.html
@DamanPowerRaja
6 ай бұрын
LCOT token update please??
I've been rugged a few times and they all had a common link. They all had either a Telegram group that you could not comment on (there were comments but only from a select few praising how amazing the project was - fuelling my greed) or where promoted by a 'whale group' promising high returns and encouraging everyone to buy at a certain time, again comments were off. In this case there were previous posts showing examples of previous massive gains but again group members were disabled from commenting. Hence, my advice would be to steer clear of any group were you cannot comment (and thereby warn other investors of previous bad experiences).
@casandrachapman4201
Жыл бұрын
I was also a victim. Very sad. Well, I've been able to get refunds for everything I lost. Send me a message, you can also get your money back
@Quantum3691
Жыл бұрын
I would say avoid Telegram and Whatsapp altogether. Many scammers post links to telegram and whatsapp phone #'s. Investigate any opportunity thoroughly until you know for certain that communication is open and honest. Alot of them are foreign which is a big red flag.
Why do you post scam coins in your website at all?
Few hours later, CoinMarketCap makes a video about Rugpulls on their KZread channel. 😅
@CoinGecko
2 жыл бұрын
🤣
@kiranpawar1306
2 жыл бұрын
Hahahahha
@DamanPowerRaja
6 ай бұрын
Display coin LCOT Token??
Finally someone do understand what they are doing..👍
Thanks you so much dear mam for your valuable video ❤️
Very helpful tips....nice presentation. Thanks Gecko!
@CoinGecko
2 жыл бұрын
Glad it was helpful!
As Binance owns bsc they should also do more to prevent malicious hosts.
nice presentation coin gecko! easy to understand
@CoinGecko
2 жыл бұрын
Glad it was helpful!
Thanks so much.
@CoinGecko
2 жыл бұрын
Glad it was helpful! More awesome videos coming your way!
Great tips thx 👍🏾
@CoinGecko
2 жыл бұрын
Glad it was helpful! More awesome videos coming your way!
I value the information you dropped on us. As somebody inquisitive about recuperation, I like that you show devices you use to examine an organization prior to coming to a choice. It's now a hard choice to make and game to play, and with somebody showing the world procedures to safeguard themselves, this information is important. Gratitude for getting some margin to impart this to the KZread world. We love you *Universal-Dispute*
Nice presentation, though I'm a learner....
nice video !
Tq 👍🏽
Yeah I have been
What the link site if I wanna see a coin is rugpulscam?
Wow do you know that resonate also helps you to spot rugs and honey pot?
Useful video
@CoinGecko
2 жыл бұрын
Thank you! More awesome videos coming your way!
Have anyone heard of pnsb and if it's a scam?
I got rugged by year rise token. And also a call signals group I was a part of was actually a Honeypot.
@casandrachapman4201
Жыл бұрын
I was also a victim. Very sad. Well, I've been able to get refunds for everything I lost. Send me a message, you can also get your money back
Great info
@CoinGecko
2 жыл бұрын
Glad it was helpful! More videos coming your way!
Substantive and digestible. Thank you.
@CoinGecko
2 жыл бұрын
Glad it was helpful! More awesome videos coming your way!
Pay attention to "rebase function" in the contract if a contract contains this function then it's a red flag.
@noahlarson6213
2 жыл бұрын
Not necessarily
@justinibewuike2647
2 жыл бұрын
True. I noticed that in 2030floki. So how do you check to find out if a token is rebase?
@stanislav5262
2 жыл бұрын
@@justinibewuike2647 tokensniffer
@justinibewuike2647
2 жыл бұрын
Thank you very much
very bad experience with msg and wimi token
Great
Ha, well yeah seems i found a honeypot 😅 . Glad I found this video 👍🏻
What can you say about the firepin token because i think its a honey pot scam i even invested in it sigh! All of the category in honeypot scam are in that project i didnt watch this video before i invested in it.
@casandrachapman4201
Жыл бұрын
I was also a victim. Very sad. Well, I've been able to get refunds for everything I lost. Send me a message, you can also get your money back
make your own estimate....according to these criteria, esp. tokenomics, how many, if not scams, but at least shady projects are amongst the 150 coins ranked by MC?? I'm guessing more than half. Take away stable coins, research the use case for the rest, and lo and behold, you are left with about twenty (if at all) names, and even with these, things are not ideal
Am grateful for this, most people have lost on fake tokens their by making the few real ones to suffer much before they can stand.
@CoinGecko
2 жыл бұрын
Always research before aping!
Thanks for this vital info,
@CoinGecko
2 жыл бұрын
Glad it helped! More awesome vids coming your way!
should we short rug pulls?
@CoinGecko
2 жыл бұрын
🤣
Sparklo presale rug pull 😢
This guy does more to prevent and stop online scammers than the FBI. You are a modern-day tech hero!!!! Why doesn't federal government or major security companies hire you. Thanks for retrieving back my USDT *softwarerecovery *
Thanks @Icloud__boss1 whoever you're. These toxic people from India is ruining our Indian name in big stage. Kudos to you to teach them a lesson. I wish our govt should bring some reforms and regulations on call centres:
I experienced a rug pull with babymusk so please take note of it
@casandrachapman4201
Жыл бұрын
I was also a victim. Very sad. Well, I've been able to get refunds for everything I lost. Send me a message, you can also get your money back
hmmm..shib
I got Rug pulled to in the past it sucks. Dogezilla will be with their vault create anti Rug pull and Scan safety. Crypto needs that. 👍
@Arkankraft
2 жыл бұрын
Anti scam
@casandrachapman4201
Жыл бұрын
I was also a victim. Very sad. Well, I've been able to get refunds for everything I lost. Send me a message, you can also get your money back
CAKE Defi by famous scammer Julian Hosp is the perfect example for a honey pot still in existence.
可翻譯成中文嗎?謝謝!
Stay away from pinksale.
Excellent job, *Vortxtrace* - I’m thrilled to see you out there fighting against these individuals who lack integrity. We must do everything within our power to shield the elderly and the wider public from these wicked scammers! Hats off to you!! You deserve the highest honor for your efforts in keeping us safe, brother.😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊
Lgcy network hidden 💎
safemoon is the worst rug pull I have ever been.
STep one: don't invest in crypto. step two : profit
I got rugged😢
@LeroySusan-ip7rf
2 ай бұрын
*Briskdeft* your dedication to combating these fraudsters is truly admirable. We must go above and beyond to ensure the safety of the elderly and the wider community by taking decisive action against these despicable individuals. You truly deserve recognition for your invaluable work! !!🎉
Yt channel? 😲😲More money coingecko 😂😂😂
next rug pull, safuu
Well, I don't have time to watch the whole video, but from the title I can answer to anybody (still) sane. "How To Avoid Crypto Scams?" Well, by not participating in ANY of crypto bussinesses! They are ALL scams!
Saitama???
@tk3828
2 жыл бұрын
I don't think so. They released a wallet didn't they?
@cryptowolf4471
2 жыл бұрын
@@tk3828 There's always a backdoor; and have you heard of what some scamers do to the liquidity pool. When there's not enough money in it. To give everybody's money back; you start robbing Peter to pay Paul. Never mind you wouldn't understand.
@tk3828
2 жыл бұрын
@@cryptowolf4471 don't get emotional
@cryptowolf4471
2 жыл бұрын
@@tk3828 😆 I have learned to play the game of crypto 😎 😏 .
Saita realty is a HONEY 🍯
Impressive achievement *VortexTrace* It is impressive to see how actively you engage with these setbacks. We are committed to taking every possible action to protect both the well-informed individuals and the broader population from these abominable clowns! I admire and praise you greatly! You deserve the Nobel prize for ensuring our safety. Show support and admiration to the family…..
appreciate the knowledge you shared with us. As someone who is curious about recovery, I like that you display the tools you use to research a company before making a decision. Now that someone is demonstrating to the world how to protect themselves, it's a difficult decision to make and game to play, therefore knowing this information is crucial. Thank you for allowing me to share this with the KZread community. We cherish you. *All-encompassing-Dispute*
Podrían poner subtitulado en español
@guscast557
2 жыл бұрын
Qué tal si aprende algo de inglés? :)
@marchosta9972
2 жыл бұрын
@@guscast557 Perdón por no tener un nivel alto de inglés
Sadly, people will still never learn.
@CoinGecko
2 жыл бұрын
Crypto takes time to learn, never ending journey ;)
Is #pigfinance #pig a crypto Scam? Because I bought it and a few months later I was 98% down!!
who else is here because of milady
Well I guess all the fudders were wrong... #safemoon doest fit any of the criteria like they say! Not financial advice but I'd go buy a bag...
@adedayoezekiel8698
2 жыл бұрын
Good luck to you then
@thevikingdadberserker8508
2 жыл бұрын
@@adedayoezekiel8698 well thank you fine sir!!! I'll be golden! Where will you be?
@Thatannoyingvoicetoldyoutodoit
2 жыл бұрын
You mean the safemoon that's continually loosing value day by day?
@thevikingdadberserker8508
2 жыл бұрын
@@Thatannoyingvoicetoldyoutodoit I mean the safemoon that is changing the world and the value currently is doing the same thing every crypto currency is doing. But if you did your own research before saying anything, you'd know that.
@Thatannoyingvoicetoldyoutodoit
2 жыл бұрын
@@thevikingdadberserker8508 the difference being, that safemoon was trending downwards long before the entire crypto scene started its bearish trend.....
This is more than I wished in a lifetime $80k recovered at once!! Thanks for the recovery service!
This message not iam understand language🙏🙏
Way too high pitch voice and high pitch sound effects. Can not listen. Where are the rights of people of sensitive ears? Should I write to UN?
Next time, please, make subtitles instead "funny" animation and pictures insertion. I understand English quite well, but it was a bit hard ro get the point sometimes. And truly said, hire another person to read the text, sorry guys, but my ears are bleeding now. But anyway, thanks for video!
@frank347coley
2 жыл бұрын
My eyes are bleeding from reading your comment. If you can understand english "quite well" then you don't need subtitles.
@sealsfamily62
2 жыл бұрын
Tender ears
@LinksPB
2 жыл бұрын
The video actually has subtitles that can be activated... ?
Voice is really annoying :-\
Buy and hold ANCAPTRADER (ANCPR) rewards for all horlders! No rug pull!
This is more than I wished in a lifetime $80k recovered at once!! Thanks for the recovery service!
This is more than I wished in a lifetime $80k recovered at once!! Thanks for the recovery service!