FakeTokens
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šØ SCAM ALERT: I LOST $120 IN 30 SECONDS! šØ
Fake Coin Listing Trap on Binance ā Donāt Fall for It!
What Went Down:
ā” Saw a ānew listingā on Binance ā thought I was early!
š Found a token with the same name & logo on Trust Wallet.
šø Swapped USDTā¦ and BAM! $120 gone instantly.
It was a FAKE token. No liquidity. No way back.
---
How This SCAM Works:
š Scammers instantly create copycat tokens using trending coin names.
š« No liquidity. No value. No escape.
They prey on FOMO ā and vanish with your money!
---
š”ļø STAY SAFE ā Hereās How:
1ļøā£ Never trust tokens by name/logo alone!
2ļøā£ Always use the official contract address from:
Binanceās official announcement š¢
CoinMarketCap / CoinGecko ā
Projectās verified website or socials (Twitter, Discord) š
3ļøā£ Double-check on BscScan or Etherscan:
Is liquidity locked?
Are there real holders?
Any suspicious transactions?
---
ā ļø Golden Rule:
Donāt rush in āearly.ā Wait for Binanceās official trading to go live!
Chasing early profits can turn into fast losses ā like mine.
---
ā Learn from my mistake. Share this to protect others!
FOR FREE COINS GO ON PINNED POST AND CLICK ON LINK
#CryptoScams #FakeTokens #CryptoTips #FOMOTrap #ScamAlert
Fake Coin Listing Trap on Binance ā Donāt Fall for It!
What Went Down:
ā” Saw a ānew listingā on Binance ā thought I was early!
š Found a token with the same name & logo on Trust Wallet.
šø Swapped USDTā¦ and BAM! $120 gone instantly.
It was a FAKE token. No liquidity. No way back.
---
How This SCAM Works:
š Scammers instantly create copycat tokens using trending coin names.
š« No liquidity. No value. No escape.
They prey on FOMO ā and vanish with your money!
---
š”ļø STAY SAFE ā Hereās How:
1ļøā£ Never trust tokens by name/logo alone!
2ļøā£ Always use the official contract address from:
Binanceās official announcement š¢
CoinMarketCap / CoinGecko ā
Projectās verified website or socials (Twitter, Discord) š
3ļøā£ Double-check on BscScan or Etherscan:
Is liquidity locked?
Are there real holders?
Any suspicious transactions?
---
ā ļø Golden Rule:
Donāt rush in āearly.ā Wait for Binanceās official trading to go live!
Chasing early profits can turn into fast losses ā like mine.
---
ā Learn from my mistake. Share this to protect others!
FOR FREE COINS GO ON PINNED POST AND CLICK ON LINK
#CryptoScams #FakeTokens #CryptoTips #FOMOTrap #ScamAlert
ricardojtm:
Es tu culpa por no utilizar la direcciĆ³n de contrato oficial del token
FAKE ā ļø; HOW SPOT A SCAM AND PROTECT YOUR MONEY
Fake token attacks are common cryptocurrency scams where criminals create fraudulent assets that mimic legitimate cryptocurrencies, using them to steal usersā money or sensitive data.
These scams often use platforms such as Telegram, WhatsApp or WeChat to spread misinformation. A common tactic is running token āpre-sales,ā attracting victims with promises of a higher future ālisting priceā compared to the current āpre-sale price.ā
In most cases, losses are irreversible. Binance encourages users to stay vigilant, be aware of common threats and red flags, and constantly learn to protect themselves. #BinanceAlphaAlert #FakeAirdrops #FakeTokens
Fake token attacks are common cryptocurrency scams where criminals create fraudulent assets that mimic legitimate cryptocurrencies, using them to steal usersā money or sensitive data.
These scams often use platforms such as Telegram, WhatsApp or WeChat to spread misinformation. A common tactic is running token āpre-sales,ā attracting victims with promises of a higher future ālisting priceā compared to the current āpre-sale price.ā
In most cases, losses are irreversible. Binance encourages users to stay vigilant, be aware of common threats and red flags, and constantly learn to protect themselves. #BinanceAlphaAlert #FakeAirdrops #FakeTokens
HOW FAKE TOKEN TRICK INVESTORS AND STEAL FUNDS
Real tokens and fake ones mimicking them can exist on the same blockchain but with different smart contract addresses, or on different blockchains. Fake tokens can be used in a variety of fraudulent schemes.
Initial Coin Offerings (ICOs) and Token Sales: Attackers may launch fake ICOs or token sales, enticing investors with the promise of getting in early on a groundbreaking project. Once they collect funds, they disappear, leaving investors with worthless tokens.
Airdrops and Giveaways: Fake tokens are sometimes distributed through airdrops or giveaways, where users are asked to provide personal information or pay a small fee to receive the tokens. This can lead to further scams or identity theft.
Pump and Dump Schemes: Scammers may artificially inflate the price of a fake token through coordinated buying (pump) and then sell off their holdings at the peak (dump), leaving other investors with devalued assets on their hands.
#Lunchpool Token Scams: The schemes described above can be complicated and costly to pull off, so scammers may resort to lower-cost methods, like fake Launchpool token scams. In these scams, criminals take advantage of the publicity generated by a reputable exchange's promotion of an asset. They may, for example, falsely claim to offer these tokens at a discount via unofficial channels that are not associated with the platform, like Binance, which conducts the original promotion.#FakeTokens
Real tokens and fake ones mimicking them can exist on the same blockchain but with different smart contract addresses, or on different blockchains. Fake tokens can be used in a variety of fraudulent schemes.
Initial Coin Offerings (ICOs) and Token Sales: Attackers may launch fake ICOs or token sales, enticing investors with the promise of getting in early on a groundbreaking project. Once they collect funds, they disappear, leaving investors with worthless tokens.
Airdrops and Giveaways: Fake tokens are sometimes distributed through airdrops or giveaways, where users are asked to provide personal information or pay a small fee to receive the tokens. This can lead to further scams or identity theft.
Pump and Dump Schemes: Scammers may artificially inflate the price of a fake token through coordinated buying (pump) and then sell off their holdings at the peak (dump), leaving other investors with devalued assets on their hands.
#Lunchpool Token Scams: The schemes described above can be complicated and costly to pull off, so scammers may resort to lower-cost methods, like fake Launchpool token scams. In these scams, criminals take advantage of the publicity generated by a reputable exchange's promotion of an asset. They may, for example, falsely claim to offer these tokens at a discount via unofficial channels that are not associated with the platform, like Binance, which conducts the original promotion.#FakeTokens
#faketokens
Stay vigilant: fake crypto tokens are out there to trick you!
Learn how to spot scams and protect your investments with our latest guide on identifying fraudulent assets and safeguarding your money.
Find out more šš¼ https://www.binance.com/en/blog/security/fake-crypto-tokens-how-to-spot-a-scam-and-protect-your-money-1983593812931587867?hl=en&ref=R30T0FSD&utm_source=BinanceFacebook&utm_medium=GlobalSocial&utm_campaign=GlobalSocial
Stay vigilant: fake crypto tokens are out there to trick you!
Learn how to spot scams and protect your investments with our latest guide on identifying fraudulent assets and safeguarding your money.
Find out more šš¼ https://www.binance.com/en/blog/security/fake-crypto-tokens-how-to-spot-a-scam-and-protect-your-money-1983593812931587867?hl=en&ref=R30T0FSD&utm_source=BinanceFacebook&utm_medium=GlobalSocial&utm_campaign=GlobalSocial
šØHow to Identify Fake Tokens on Binance & Stay SafešØ
With thousands of cryptocurrencies in the market, fake tokens and scam projects have become a major risk for traders and investors. While Binance lists legitimate and verified tokens, scammers create fake versions to deceive users. Hereās how you can identify fake tokens and protect your funds.
š 1. Check if the Token is Listed on Official Binance Markets
ā How to Verify a Token on Binance:
š¹ Visit Binance Markets and search for the token.
š¹ If the token doesnāt appear, it is NOT officially listed.
š¹ Be cautious of fake links or unofficial Binance pages.
š“ Scam Alert: Scammers often promote fake tokens claiming āBinance listing soonā to lure investors!
š 2. Verify Contract Address on Binance & BSCScan
ā How to Check the Contract Address:
1ļøā£ Go to CoinMarketCap or CoinGecko.
2ļøā£ Search for the token and find its official contract address.
3ļøā£ Compare it with the contract address on BSCScan or Etherscan.
4ļøā£ If they donāt match, itās a FAKE token!
š“ Scam Alert: Some fake tokens use names similar to real tokens (e.g., "Shiba Inu 2.0").
š 3. Be Wary of Suspicious High APY or Airdrops
š© Common Fake Token Red Flags:
ā ļø Promises of unrealistic returns (e.g., 10,000% APY).
ā ļø Receiving "free tokens" in your wallet from an unknown source.
ā ļø The project has no whitepaper or website.
ā ļø No social media or only recently created accounts.
š“ Scam Alert: If you try to sell an airdropped fake token, scammers can drain your wallet!
š¼ 4. Verify the Token Team & Community
ā How to Check if a Project is Legit:
š¹ Visit their official website & social media.
š¹ Check if the team members are real (Google their names).
š¹ Look for an active community (Twitter, Telegram, Discord).
š“ Scam Alert: Fake tokens use AI-generated faces & fake LinkedIn profiles to appear legit.
š”ļø 5. Use Binance Security Features & Avoid Fake DApps
ā How to Stay Safe:
š¹ Only trade on official Binance Spot & Futures markets.
š¹ Enable Binance Security Features (2FA, anti-phishing code).
š¹ Avoid connecting wallets to unknown DApps.
š“ Scam Alert: Fake websites may look like Binance but steal your login details!
š Final Tip: DYOR (Do Your Own Research)!
Before buying any token:
ā Check official Binance listings.
ā Verify contract addresses.
ā Watch out for scam red flags.
ā Never trust ātoo good to be trueā offers.
ā” Stay smart & trade safely on Binance!
#CryptoScamAlert #FakeTokens #Binancesecurity #StaySafe #CryptoScams
š 1. Check if the Token is Listed on Official Binance Markets
ā How to Verify a Token on Binance:
š¹ Visit Binance Markets and search for the token.
š¹ If the token doesnāt appear, it is NOT officially listed.
š¹ Be cautious of fake links or unofficial Binance pages.
š“ Scam Alert: Scammers often promote fake tokens claiming āBinance listing soonā to lure investors!
š 2. Verify Contract Address on Binance & BSCScan
ā How to Check the Contract Address:
1ļøā£ Go to CoinMarketCap or CoinGecko.
2ļøā£ Search for the token and find its official contract address.
3ļøā£ Compare it with the contract address on BSCScan or Etherscan.
4ļøā£ If they donāt match, itās a FAKE token!
š“ Scam Alert: Some fake tokens use names similar to real tokens (e.g., "Shiba Inu 2.0").
š 3. Be Wary of Suspicious High APY or Airdrops
š© Common Fake Token Red Flags:
ā ļø Promises of unrealistic returns (e.g., 10,000% APY).
ā ļø Receiving "free tokens" in your wallet from an unknown source.
ā ļø The project has no whitepaper or website.
ā ļø No social media or only recently created accounts.
š“ Scam Alert: If you try to sell an airdropped fake token, scammers can drain your wallet!
š¼ 4. Verify the Token Team & Community
ā How to Check if a Project is Legit:
š¹ Visit their official website & social media.
š¹ Check if the team members are real (Google their names).
š¹ Look for an active community (Twitter, Telegram, Discord).
š“ Scam Alert: Fake tokens use AI-generated faces & fake LinkedIn profiles to appear legit.
š”ļø 5. Use Binance Security Features & Avoid Fake DApps
ā How to Stay Safe:
š¹ Only trade on official Binance Spot & Futures markets.
š¹ Enable Binance Security Features (2FA, anti-phishing code).
š¹ Avoid connecting wallets to unknown DApps.
š“ Scam Alert: Fake websites may look like Binance but steal your login details!
š Final Tip: DYOR (Do Your Own Research)!
Before buying any token:
ā Check official Binance listings.
ā Verify contract addresses.
ā Watch out for scam red flags.
ā Never trust ātoo good to be trueā offers.
ā” Stay smart & trade safely on Binance!
#CryptoScamAlert #FakeTokens #Binancesecurity #StaySafe #CryptoScams
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