About the so-called “honeypot” strategy, when people are pushed to buy a token created by scammers. And the victims will then not be able to sell this token.

The strategy is not new and commonplace. With the same “warm-up” stages, with the same social engineering techniques. But alas, the strategy works and brings the scammers hundreds of thousands and even millions of dollars.

People fall into the trap over and over again, or at least ask whistleblowers “is this also a scam?” Although the situation is stereotyped every time. The leaked channel begins with wild pressure to talk about the need to purchase just one token, which will give X's and dozens of X's. But you need to buy this asset on a DEX exchange.

Purchases are ongoing and the price of the scam token is of course rising. After all, no one can sell it. In the end, all the liquidity will be taken away by the scammers.

The key to the success of scammers is greed, the inattention of victims, and their reluctance to delve into what you are buying. It is impossible to help people who want to be deceived. This is literally a Sisyphean task.

Although exposing scammers is not our specialty, we periodically write about such cases. When especially large channels go under the scam. We were among the first to warn that the “Antonov Strategy” channel with 74.7 thousand subscribers was scammed. Now the subscribers who remain in that channel report that scammers in this channel will scam the audience with the third coin. We checked through TGstat - yes, now they are scamming the EGL token of the supposed EigenLayer project. But this is a mimicry of the token of a real project.

What’s interesting is that two other channels are scamming subscribers with a token with exactly the same ticker: Crypta Elliott with 18.2 thousand subscribers and Project | 1.618 for 16.7 thousand subscribers. But these are different scam coins. Just with the same tickers.

Once again and simply - how to check whether they want to “sell” you a token using the honeypot scheme: if the HoneypotIs service (not the only such tool) when checking the address displays “HONEYPOT DETECTED Run the fuck away” - this is a scam token that you can buy and cannot sell. If, as a result of the check, it is impossible to check for a scam, this also means that the token is a scam.

BUT you can do something simpler - never fall for active calls to buy some token for a large amount on a DEX exchange. Because it's always a scam.

The honeypot service also allows you to see how much liquidity the victims have already been stolen. In the scam token from the Crypta Elliott channel - $468,500. Yesterday it was more than half a million dollars. Of course, when the scammers are finished, even 1/10 of this amount will be enough to promote a new channel from scratch through Telegram Ads and again scam new victims. Fortunately for them, there is plenty of “fresh blood” in a bull market.

And the PoocoinApp service can also show the largest purchases of this scam token.

Perhaps the first of them, with $248,000, is the scammers themselves. Who abandoned liquidity for the pump in order to lure victims. Then they will calmly withdraw their money. But further down the list are victims with tens of thousands of dollars in losses. All of them themselves gave money into the hands of scammers. Frivolously clicking on DEX exchanges “I agree” under the warning that you should buy this token only after careful study. And then these people will go around and say that “crypto is a scam.”

Friends, always check what you buy and where, conduct research on assets and sites. Your money is your responsibility!