The Crypto Trap That Locks Your Funds Forever

June 23, 2025

, By Cointelegraph

Blockchain

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Key takeaways

Honeypot scams lure investors with fake liquidity, price movement and hype, but the contracts are rigged to prevent exits, locking funds permanently.
Modern honeypots include tampered cold wallets sold via platforms like TikTok, preloaded with private keys that scammers use to steal funds instantly.
Variants like high sell tax honeypots and “honeypot-as-a-service” kits make it easier than ever for scammers to target even experienced users.
Test-sell before committing funds, scan smart contracts, avoid sudden hype and always buy wallets…

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Cointelegraph

The Crypto Trap That Locks Your Funds Forever

June 23, 2025

, Published By Cointelegraph

Blockchain

Key takeaways

Honeypot scams lure investors with fake liquidity, price movement and hype, but the contracts are rigged to prevent exits, locking funds permanently.
Modern honeypots include tampered cold wallets sold via platforms like TikTok, preloaded with private keys that scammers use to steal funds instantly.
Variants like high sell tax honeypots and “honeypot-as-a-service” kits make it easier than ever for scammers to target even experienced users.
Test-sell before committing funds, scan smart contracts, avoid sudden hype and always buy wallets…

Source link