#Write2Earn! #Scam? #security

Pumping and Dumping Schemes

How it works:

The organizers artificially inflate the price of low liquidity tokens using:

1. Fake Hype

2. Insider Buying

3. Paid Influencers or Bots

4. Unwary users buy, then insiders "dump" their tokens for profit, leading to a price collapse.

5. Fake Airdrops and Free Giveaways

How it works:

Scammers promise free tokens or non-fungible tokens if you:

1. Connect your wallet

2. Sign a transaction

3. Send a small "activation" fee

Outcome:

These actions can either directly drain your funds or grant access to drain your wallet.