How do I spot potential fraud in cryptocurrency projects

Cryptocurrencies: Bitcoin, Ethereum, Altcoins.
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BellamyAustin
Posts: 41
Joined: Wed Apr 24, 2024 10:20 am

How do I spot potential fraud in cryptocurrency projects

Post by BellamyAustin »

How do I spot potential fraud in cryptocurrency projects
TatumChurch
Posts: 46
Joined: Sat Oct 12, 2024 9:08 pm

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Post by TatumChurch »

To spot potential fraud in cryptocurrency projects, keep an eye out for red flags like unrealistic promises of high returns, lack of transparency about the team behind the project, and vague or overly complex whitepapers. Also, check if they have a solid online presence—like a decent website and active social media profiles—and see if they’re listed on reputable exchanges. If something feels off or too good to be true, it probably is!
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