Amaan Irfan
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. NFT SCAMS #BinanceLaunchpoolGUN #BinanceAlphaAlert #nft #NFT #NFTDreams
When a platform or company suddenly stops withdrawal and asks for a specific period of time, it's usually a sign of an Exit Scam. Many people fall into the illusion that maybe there is a "system update" or "technical error," but the reality is I think it's a trick so they can clean up their money and data completely and avoid legal action.
Common ways to get cheated in NFT or other "high return" scams:
1. Building confidence in the first phase - paying a few people initially to attract more investors.
2. The High profit Promise - Unrealistic returns are promised so that more people can invest money.
3. withdrawal being blocked - when the company finds out that no more people are investing, it stops the money.
4. Excuse to give time frames - it's just an excuse so people can stay hopeful and not act quickly.
5. Final Step: Disappear – when everything is cleared, the company or platform disappears.
What should be done?
Always do complete research before going to any investment platform.
If anyone talks about "Guaranteed High profit" be alert immediately.
Invest only on legitimate and authentic platforms, and don't trust any new, unknown company.
If a platform has stopped withdrawal and asked for time, know that your money has sunk and consider legal action.
This is why it's better to work on large and authentic exchanges like Binance, where transparency and security exist.
When a platform or company suddenly stops withdrawal and asks for a specific period of time, it's usually a sign of an Exit Scam. Many people fall into the illusion that maybe there is a "system update" or "technical error," but the reality is I think it's a trick so they can clean up their money and data completely and avoid legal action.
Common ways to get cheated in NFT or other "high return" scams:
1. Building confidence in the first phase - paying a few people initially to attract more investors.
2. The High profit Promise - Unrealistic returns are promised so that more people can invest money.
3. withdrawal being blocked - when the company finds out that no more people are investing, it stops the money.
4. Excuse to give time frames - it's just an excuse so people can stay hopeful and not act quickly.
5. Final Step: Disappear – when everything is cleared, the company or platform disappears.
What should be done?
Always do complete research before going to any investment platform.
If anyone talks about "Guaranteed High profit" be alert immediately.
Invest only on legitimate and authentic platforms, and don't trust any new, unknown company.
If a platform has stopped withdrawal and asked for time, know that your money has sunk and consider legal action.
This is why it's better to work on large and authentic exchanges like Binance, where transparency and security exist.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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