NFT scams are evolving, and even experienced investors get caught off guard. The playbook is almost always the same: hype, deception, and a sudden exit. But if you know the signs, you can protect your bag.
đ Hereâs how these scams operate:
1ď¸âŁ The Hype Machine â Paid influencers, shill groups, and fake social proof flood your timeline. The project looks like the next big thing, but itâs all smoke and mirrors.
2ď¸âŁ "Insane Gains" Promises â If they claim 10x overnight with no risk, ask yourselfâwhy would they share this golden opportunity with you? Scammers bank on greed.
3ď¸âŁ The Withdrawal Trap â Suddenly, funds are "temporarily locked" due to a "technical issue." The next thing you know, the team disappears, and so does your money.
4ď¸âŁ Roadmap of Dreams, Zero Delivery â Staking? Metaverse? Big partnerships? None of it ever materializes. Itâs just bait to reel you in.
5ď¸âŁ Anonymous Teams â If the founders are ghosts and their LinkedIn profiles are non-existent, ask yourself why they donât want to be known.
đĄ How to stay safe:
â Research the teamâverified founders have reputations to protect.
â Analyze the smart contractâwatch for backdoors.
â Trust your gutâif it feels too good to be true, it probably is.
đ Have you ever been rugged? Whatâs the biggest red flag youâve seen? Share below!
đ #NFTScams #DYOR #CryptoSafetyMatters