#CryptoScams like #RugPull and #Honeypotâ”have you heard of them? ð§ What is a Rug Pull? A rug pull is a malicious crypto scheme where bad actors drain your investments from a liquidity pool. The name comes from the idea of “pulling the rug out” from under someone, causing them to fall. In this case, the fall takes your crypto with it. ð± It often happens when an investor buys a token they believe holds value, but it turns out the token is worthless. The developers hype it up on social media, but the only value it holds is their false promise. Sign-up for a free Bybit account and gain $100: https://partner.bybit.com/b/aliflawless What is a Honeypot? Honeypots are crypto scams that let you buy tokens but prevent you from selling them. ð¨ Scammers insert code into their smar
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