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

  • @CoinGecko
    @CoinGecko Жыл бұрын

    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

    @DamanPowerRaja

    6 ай бұрын

    LCOT token update please??

  • @jasonjames5407
    @jasonjames54072 жыл бұрын

    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

    @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

    @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.

  • @danielemartinelli2700
    @danielemartinelli27002 жыл бұрын

    Why do you post scam coins in your website at all?

  • @GERARD15051
    @GERARD150512 жыл бұрын

    Few hours later, CoinMarketCap makes a video about Rugpulls on their KZread channel. 😅

  • @CoinGecko

    @CoinGecko

    2 жыл бұрын

    🤣

  • @kiranpawar1306

    @kiranpawar1306

    2 жыл бұрын

    Hahahahha

  • @DamanPowerRaja

    @DamanPowerRaja

    6 ай бұрын

    Display coin LCOT Token??

  • @990abod
    @990abod2 жыл бұрын

    Finally someone do understand what they are doing..👍

  • @himangshubaishnab7026
    @himangshubaishnab70262 жыл бұрын

    Thanks you so much dear mam for your valuable video ❤️

  • @samuelmensahjnr4845
    @samuelmensahjnr48452 жыл бұрын

    Very helpful tips....nice presentation. Thanks Gecko!

  • @CoinGecko

    @CoinGecko

    2 жыл бұрын

    Glad it was helpful!

  • @Thatannoyingvoicetoldyoutodoit
    @Thatannoyingvoicetoldyoutodoit2 жыл бұрын

    As Binance owns bsc they should also do more to prevent malicious hosts.

  • @AF-sh1qk
    @AF-sh1qk2 жыл бұрын

    nice presentation coin gecko! easy to understand

  • @CoinGecko

    @CoinGecko

    2 жыл бұрын

    Glad it was helpful!

  • @ferro24crypto81
    @ferro24crypto812 жыл бұрын

    Thanks so much.

  • @CoinGecko

    @CoinGecko

    2 жыл бұрын

    Glad it was helpful! More awesome videos coming your way!

  • @tenacious1
    @tenacious12 жыл бұрын

    Great tips thx 👍🏾

  • @CoinGecko

    @CoinGecko

    2 жыл бұрын

    Glad it was helpful! More awesome videos coming your way!

  • @borispomponius8021
    @borispomponius80213 ай бұрын

    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*

  • @khadeedabban3823
    @khadeedabban38232 жыл бұрын

    Nice presentation, though I'm a learner....

  • @laoahpekandme
    @laoahpekandme2 жыл бұрын

    nice video !

  • @mustwahid
    @mustwahid2 жыл бұрын

    Tq 👍🏽

  • @alhassanseidu5215
    @alhassanseidu52152 жыл бұрын

    Yeah I have been

  • @dsingleone9820
    @dsingleone98202 жыл бұрын

    What the link site if I wanna see a coin is rugpulscam?

  • @Charles774
    @Charles774 Жыл бұрын

    Wow do you know that resonate also helps you to spot rugs and honey pot?

  • @investfoxy
    @investfoxy2 жыл бұрын

    Useful video

  • @CoinGecko

    @CoinGecko

    2 жыл бұрын

    Thank you! More awesome videos coming your way!

  • @juniorgarcia8359
    @juniorgarcia8359 Жыл бұрын

    Have anyone heard of pnsb and if it's a scam?

  • @funnybugga
    @funnybugga2 жыл бұрын

    I got rugged by year rise token. And also a call signals group I was a part of was actually a Honeypot.

  • @casandrachapman4201

    @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

  • @michelpierre3345
    @michelpierre33452 жыл бұрын

    Great info

  • @CoinGecko

    @CoinGecko

    2 жыл бұрын

    Glad it was helpful! More videos coming your way!

  • @sealsfamily62
    @sealsfamily622 жыл бұрын

    Substantive and digestible. Thank you.

  • @CoinGecko

    @CoinGecko

    2 жыл бұрын

    Glad it was helpful! More awesome videos coming your way!

  • @stanislav5262
    @stanislav52622 жыл бұрын

    Pay attention to "rebase function" in the contract if a contract contains this function then it's a red flag.

  • @noahlarson6213

    @noahlarson6213

    2 жыл бұрын

    Not necessarily

  • @justinibewuike2647

    @justinibewuike2647

    2 жыл бұрын

    True. I noticed that in 2030floki. So how do you check to find out if a token is rebase?

  • @stanislav5262

    @stanislav5262

    2 жыл бұрын

    @@justinibewuike2647 tokensniffer

  • @justinibewuike2647

    @justinibewuike2647

    2 жыл бұрын

    Thank you very much

  • @ZahidKhan-iy8ce
    @ZahidKhan-iy8ce2 жыл бұрын

    very bad experience with msg and wimi token

  • @dmitriyshakhov4889
    @dmitriyshakhov4889 Жыл бұрын

    Great

  • @jaylockdiff9726
    @jaylockdiff97264 ай бұрын

    Ha, well yeah seems i found a honeypot 😅 . Glad I found this video 👍🏻

  • @nicolecavitana9242
    @nicolecavitana92422 жыл бұрын

    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

    @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

  • @miropribanic5581
    @miropribanic55813 ай бұрын

    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

  • @africansnftshistoriesceleb6382
    @africansnftshistoriesceleb63822 жыл бұрын

    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

    @CoinGecko

    2 жыл бұрын

    Always research before aping!

  • @olayinkaidris9582
    @olayinkaidris95822 жыл бұрын

    Thanks for this vital info,

  • @CoinGecko

    @CoinGecko

    2 жыл бұрын

    Glad it helped! More awesome vids coming your way!

  • @allansh828
    @allansh8282 жыл бұрын

    should we short rug pulls?

  • @CoinGecko

    @CoinGecko

    2 жыл бұрын

    🤣

  • @Dhan471
    @Dhan4714 ай бұрын

    Sparklo presale rug pull 😢

  • @welgbajoseph2339
    @welgbajoseph2339 Жыл бұрын

    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 *

  • @user-jn1fp3uf2u
    @user-jn1fp3uf2u4 ай бұрын

    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:

  • @JoseRivera-zc2cd
    @JoseRivera-zc2cd2 жыл бұрын

    I experienced a rug pull with babymusk so please take note of it

  • @casandrachapman4201

    @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

  • @azbal87
    @azbal872 жыл бұрын

    hmmm..shib

  • @Arkankraft
    @Arkankraft2 жыл бұрын

    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

    @Arkankraft

    2 жыл бұрын

    Anti scam

  • @casandrachapman4201

    @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

  • @ttk100
    @ttk1002 жыл бұрын

    CAKE Defi by famous scammer Julian Hosp is the perfect example for a honey pot still in existence.

  • @sq1zhao172
    @sq1zhao1722 жыл бұрын

    可翻譯成中文嗎?謝謝!

  • @dannygreen531
    @dannygreen5312 жыл бұрын

    Stay away from pinksale.

  • @IsmailaRahama
    @IsmailaRahama4 ай бұрын

    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.😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊

  • @bullrusher2821
    @bullrusher28212 жыл бұрын

    Lgcy network hidden 💎

  • @baldeaguirre
    @baldeaguirre2 жыл бұрын

    safemoon is the worst rug pull I have ever been.

  • @zuzoscorner
    @zuzoscorner8 ай бұрын

    STep one: don't invest in crypto. step two : profit

  • @sae_jon
    @sae_jon2 ай бұрын

    I got rugged😢

  • @LeroySusan-ip7rf

    @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! !!🎉

  • @sheelamariecastro
    @sheelamariecastro2 жыл бұрын

    Yt channel? 😲😲More money coingecko 😂😂😂

  • @g.cakmak
    @g.cakmak2 жыл бұрын

    next rug pull, safuu

  • @alf8718
    @alf871818 күн бұрын

    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!

  • @cryptowolf4471
    @cryptowolf44712 жыл бұрын

    Saitama???

  • @tk3828

    @tk3828

    2 жыл бұрын

    I don't think so. They released a wallet didn't they?

  • @cryptowolf4471

    @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

    @tk3828

    2 жыл бұрын

    @@cryptowolf4471 don't get emotional

  • @cryptowolf4471

    @cryptowolf4471

    2 жыл бұрын

    @@tk3828 😆 I have learned to play the game of crypto 😎 😏 .

  • @truspoken3453
    @truspoken34532 жыл бұрын

    Saita realty is a HONEY 🍯

  • @user-os4ye8yc3h
    @user-os4ye8yc3h27 күн бұрын

    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…..

  • @petkonethan6161
    @petkonethan61613 ай бұрын

    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*

  • @marchosta9972
    @marchosta99722 жыл бұрын

    Podrían poner subtitulado en español

  • @guscast557

    @guscast557

    2 жыл бұрын

    Qué tal si aprende algo de inglés? :)

  • @marchosta9972

    @marchosta9972

    2 жыл бұрын

    @@guscast557 Perdón por no tener un nivel alto de inglés

  • @goodluckraphael3344
    @goodluckraphael33442 жыл бұрын

    Sadly, people will still never learn.

  • @CoinGecko

    @CoinGecko

    2 жыл бұрын

    Crypto takes time to learn, never ending journey ;)

  • @cryptomaniak19
    @cryptomaniak192 жыл бұрын

    Is #pigfinance #pig a crypto Scam? Because I bought it and a few months later I was 98% down!!

  • @mark-bi2in
    @mark-bi2in2 жыл бұрын

    who else is here because of milady

  • @thevikingdadberserker8508
    @thevikingdadberserker85082 жыл бұрын

    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

    @adedayoezekiel8698

    2 жыл бұрын

    Good luck to you then

  • @thevikingdadberserker8508

    @thevikingdadberserker8508

    2 жыл бұрын

    @@adedayoezekiel8698 well thank you fine sir!!! I'll be golden! Where will you be?

  • @Thatannoyingvoicetoldyoutodoit

    @Thatannoyingvoicetoldyoutodoit

    2 жыл бұрын

    You mean the safemoon that's continually loosing value day by day?

  • @thevikingdadberserker8508

    @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

    @Thatannoyingvoicetoldyoutodoit

    2 жыл бұрын

    @@thevikingdadberserker8508 the difference being, that safemoon was trending downwards long before the entire crypto scene started its bearish trend.....

  • @jerrysmith2828
    @jerrysmith2828 Жыл бұрын

    This is more than I wished in a lifetime $80k recovered at once!! Thanks for the recovery service!

  • @supriyadiyadi9877
    @supriyadiyadi98772 жыл бұрын

    This message not iam understand language🙏🙏

  • @kimwest106
    @kimwest106 Жыл бұрын

    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?

  • @andreimilovanov1363
    @andreimilovanov13632 жыл бұрын

    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

    @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

    @sealsfamily62

    2 жыл бұрын

    Tender ears

  • @LinksPB

    @LinksPB

    2 жыл бұрын

    The video actually has subtitles that can be activated... ?

  • @z0rrer0
    @z0rrer02 жыл бұрын

    Voice is really annoying :-\

  • @augustinhodoalgarve6366
    @augustinhodoalgarve63662 жыл бұрын

    Buy and hold ANCAPTRADER (ANCPR) rewards for all horlders! No rug pull!

  • @jerrysmith2828
    @jerrysmith2828 Жыл бұрын

    This is more than I wished in a lifetime $80k recovered at once!! Thanks for the recovery service!

  • @jerrysmith2828
    @jerrysmith2828 Жыл бұрын

    This is more than I wished in a lifetime $80k recovered at once!! Thanks for the recovery service!

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