❗️The Most Popular Scam Method in the Second Quarter ❗️
👀 The most common way cryptocurrency users were scammed was through the honeypot scheme. 🍯🧸 In this scheme, investors are lured into buying useless and illiquid #assets that cannot be sold. 🤷
Scammers create a smart contract and entice victims with promises of high returns, aggressively pushing them to buy. After purchasing the asset, users see the price rising and are in no rush to sell.
However, when they eventually decide to sell, they discover that #selling the tokens is impossible. The #scammer then withdraws the victims' funds. Even experienced investors often fail to recognize honeypot schemes. 🤔
