We are opening a section on our channel where we will talk about different types of scams that you may encounter.

I hope that after our section, you will be careful and attentive!

Let's start with a popular scam method, namely the worthless token scam.

Scam with a worthless token that mimics a network.

During the transaction, the "buyer" transfers tokens with the name of a well-known network, such as ERC20, TRC20, BEP20. It is important to note that these names refer to networks, not the tokens themselves.

The main trick of the scam is that the token being transferred has low or no liquidity, making it practically impossible to sell.

It is especially unfortunate that this situation occurred against the background of a real case where a person faced a loss of $7,000.

An interesting point is that the transaction was conducted through an escrow. This emphasizes the importance of verifying the authenticity of tokens and their ability to be sold on exchanges before making transactions.

It is recommended to prefer accepting only widely known and liquid coins, such as BTC, ETH, USDT, to avoid such situations.