In order to reach as many possible victims as they can scammers create hype within different social media platforms like Twitter or Discord. Additionally, some scammers employ well-known influencers to hype their scam projects (ICO, fake collections, etc.).
Investors should collect as much information about a project as possible before investing.
M05
Check links
Users/investors should double check the links they press (e.g., have they changed since the last use?).
M06
Check (NFT) collections before buying them
Investors should check the genuineness of a collection or token before buying, even if they were linked by a proven source.
M07
Check token in blockchain explorer
Investors should search for the token they want to buy in the corresponding blockchain explorer (e.g. https://etherscan.io/, https://explorer.solana.com/).
M08
Check token blacklists
Investors should check blacklists of tokens before buying a new and unknown token (e.g., DappRadar blacklist).
M09
Check token liquidity
Investors should check the liquidity in the balance pool of a token before buying it (e.g., on Uniswap V2 or 1INCH).
M10
Check apps
Users should check apps before downloading them. This can be accomplished by checking the download rate of the app in the app store as well as by analyzing available user ratings (beware fake ratings!).
M12
Avoid / turn off direct messages / Ingore strangers
Investors, who use messenger apps, should use restricting settings. Users should never trust anyone they do not know and who is contacting them in a private message. Legitimate admins of real projects will never send a direct message first.
M13
Check charities before donating
Donors should get as much information as they can before contributing to a charity or project.
M14
Double check too good offers
Investors should double check offers which seem to good to be true, even if posted by a celebrity or influencer.
