#CryptoClarityAct

→ "Today, we talk about fake money withdrawal schemes."

*Fake money withdrawal schemes* are a common scam in the cryptocurrency world, where project developers collect funds from investors and then disappear with the money.

Types of fake money withdrawal schemes:

1. Liquidity withdrawal: Developers add a token to a decentralized exchange (DEX) with liquidity, then withdraw all the funds after users have subscribed.

2. Malicious code: The smart contract contains functions that allow developers to block token sales or drain wallets.

3. Fake projects: Decentralized finance (DeFi) projects or non-fungible tokens (NFTs) that promise high returns without any real benefit or development behind them.

Signs of a fake money withdrawal scheme:

- Lack of a defined or verifiable team.

- No code audit.

- Unrealistic promises (e.g., 1000% annual return).

- Unused liquidity or sudden withdrawal of liquidity.

- Ambiguous communication or sudden disappearance from social media.

Always do your own research (DYOR) before investing in any crypto project.