Meme Coin Scam 

Crypto honeypot scams are frauds that can result in financial losses for unsuspecting investors. This article discusses two types of honeypot scams.

What is Honeypot Crypto Scam? You Must Be Careful Buying Micin Coins!

What is Honeypot Crypto Scam You Must Be Careful Buying Micin Coins!.webp

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A X (Twitter) user with the username Bamboo revealed a fraud involving meme coins. 

Meme Coin Scam by Fake Influencers

<img src="https://static.bittime.com/cms-static/upload/Meme_Coin_Scam_6819cd97f8.webp" alt="Meme Coin Scam" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> -&nbsp;A X (Twitter) user with the username Bamboo revealed a fraud involving meme coins. This scam is carried out by a group of fake influencers who cheat people out of $20,000 every day.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Tactics of Meme Coin Scam</h2>Bamboo explains some of the tactics used by these scammers. They often impersonate famous influencers and post stolen tweets and artwork to attract attention.&nbsp;Additionally, they collect crypto wallet addresses from victims, manipulate token supply and price, and block other users who try to alert others.&nbsp;After launching the tokens, they quickly sell them for a profit. These fraudsters allegedly bought old accounts followed by well-known people in the crypto industry to gain trust.&nbsp;&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?=cn400001"><img src="https://static.bittime.com/cms-static/upload/banner_staking_coin_8abe277d88.webp" alt="banner staking coin.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Identifying Fraudulent Accounts</h2><img src="https://static.bittime.com/cms-static/upload/Scam_f23bdeceb8.webp" alt="Scam Meme Coin" width="969" height="534">Sumber: Twitter.com/bamboo__eth&nbsp;Bamboo said several accounts suspected of being involved in this fraud were accounts with the usernames @ggaryplayz, @punk2537, @Retardio_eth, and @trenchesexe.&nbsp;These accounts were detected carrying out fraudulent projects and token manipulation on the Solana network with the same pattern. They launch projects with promises of huge profits, but in the end leave victims with losses or also known as pump and dump schemes.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Blog_7d687b658d.webp" alt="Banner Blog.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:18pt;" dir="ltr">Appeal to Users</h2>Bamboo also urges users to be careful and block accounts suspected of being involved in this fraud. In this way, users can protect themselves from becoming the next victim.&nbsp;Additionally, it is important to always conduct in-depth research before investing in any crypto project and not easily believe in promises of huge profits without a clear basis.<h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Daftar_Bittime_c71afe9bcb.webp" alt="Banner Daftar Bittime" width="2985" height="620"></a>You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;</a>price&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?cn=400001">&nbsp;Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?cn=400001">&nbsp;Solana (SOL)</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

What is Honeypot Crypto Scam? You Must Be Careful Buying Micin Coins!

Beware of Meme Coin Scam by Fake Influencers!