Scam or Failure? 🤔
Many newcomers to cryptocurrency often confuse the terms "scam" and "failure." They tend to label any unsuccessful projects or launches as scams, which is not entirely accurate.
Scam refers to deliberate fraud with the intent of stealing your funds:
- NFT scams involving QR codes and links to fake websites.
- Invitations from fake accounts to private channels.
- Collecting money and then shutting down the project.
- Advertisements promising unrealistic returns.
Scammers frequently use the names of well-known projects to create fake ones, embedding drainers within them. Here’s how it typically works:
1. You connect your wallet to the site.
2. You initiate a transaction, which you can either accept or decline.
3. Upon confirmation, you unknowingly send your TON and other valuable assets to the scammer’s wallet.
The advantage of the TON ecosystem is that it clearly shows which funds will be debited. In other wallets, like MetaMask and Phantom, this transparency is not always present.
Cryptocurrency Security Tips:
- Stay informed and vigilant.
- Use a new or empty wallet for each project, without accumulated assets. Only keep small amounts for transaction fees or funds you are willing to lose.
- Learn to distinguish between a scam and a failure. In our chat, terminology is strictly monitored, and misusing these terms can result in a ban.
Examples:
- MINERALZ — a scam. The project's bot had a built-in drainer that stole millions of tokens.
- ONCHAIN — not a scam, but a failure. They distributed very little, the process was complicated, and it required excessive effort. This is not fraud, just unprofessionalism and a lack of respect for the community.
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