Fake Token/Coin Listing

Fake-coins,-tokens,-NFTs-or-other-crypto-assets-can-be-listed-on-(often-decentralized)-exchanges-and-respective-platforms-without-audit-or-checks. Users-that-don’t-closely-check-the-validity-of-those-assets-can-then-mistakenly-acquire-an-often-worthless-imitation-of-a-valuable-asset.

Sub techniques (2)

ID	Name
R04	Fake coin token candidate identification
RD01	Coin token ntf creation

Mitigations

ID	Mitigation	Description
M03	Check token contract	Investors should check the contract address of a token before buying it on a decentralized exchange to avoid buying a fake one.
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).