The Crypto Trap That Locks Your Funds Forever

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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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The Crypto Trap That Locks Your Funds Forever


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

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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