Spot Fake ICO/IDO Scams Before It’s Too Late
Fake ICO/IDO: Scammers create a website, whitepaper, and a fake team to launch an initial fundraising round (ICO/IDO). They attract capital and then disappear without ever delivering a product.
Consequence: Investors send funds ($ETH
ETHUSDT
Prep
3,028.68
+1.62%
, $BTC ) to the scammer’s wallet and never receive any legitimate tokens.
BTCUSDT
Prep
89,020.2
+1.02%
Result: Complete loss of funds and zero recourse.
Better Approach: Verify project legitimacy, check team credentials, audit smart contracts, and avoid sending funds to unverified wallets.
If it looks too good to be true, it probably is.
Always research before investing—trust is earned, not assumed.
In crypto, due diligence is your best defense against scams.
BNSOL
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#CryptoSecurity #AvoidScams #ICOIDO #CryptoTips