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Cryptocurrency News Articles

Crypto Experts: 8 Warning Signs a Crypto Coin Is a Scam

Feb 05, 2025 at 10:06 pm

Cryptocurrency can become an evangelist for others to hop on board the crypto train. While it is certainly possible to make money through legitimate cryptocurrencies, it's just as easy to become the victim of a crypto scam.

Crypto Experts: 8 Warning Signs a Crypto Coin Is a Scam

People who make money through cryptocurrency can become an evangelist for others to hop on board the crypto train. While it is certainly possible to make money through legitimate cryptocurrencies, it’s just as easy to become the victim of a crypto scam. Explore More: 13 Cheap Cryptocurrencies With the Highest Potential Upside for You

Find Out: 5 Subtly Genius Moves All Wealthy People Make With Their Money

scam payments are irreversible.

ChicksX. “Many crypto coins are created intentionally to scam those who purchase them,” he said. Be on the lookout. Some new coins may be made with relatively good intentions but end up crashing, so stay vigilant when investing.

Read Next: Coinbase Fees: Full Breakdown of How To Minimize Costs

According to ChicksX, some new coins might be created quickly, like those on Alchemy Pay, zkSync, Arbitrum, Optimism, Metis, Boba Network, Scroll, Aztec, StarkWare, Matter Labs, Miners Paradise, Topology, Spheron, Fractal, Scroll, Scroll, Aztec, StarkWare, Matter Labs, Miners Paradise, Topology, Spheron, Fractal, Scroll, Aztec, StarkWare, Matter Labs, Miners Paradise, Topology, Spheron, Fractal, Odyssey Network, Celestia, and Sismo. Some of these coins might be created quickly, like those on zkSync, Arbitrum, Optimism, Metis, Boba Network, Scroll, Aztec, StarkWare, Matter Labs, Miners Paradise, Topology, Spheron, Fractal, Odyssey Network, Celestia, and Sismo. Some might be created by individuals or groups, like those on zkSync, Arbitrum, Optimism, Metis, Scroll, Aztec, StarkWare, Matter Labs, Miners Paradise, Topology, Spheron, Fractal, Odyssey Network, Celestia, and Sismo. Some might be created quickly, like those on zkSync, Arbitrum, Optimism, Metis, Boba Network, Scroll, Aztec, StarkWare, Matter Labs, Miners Paradise, Topology, Spheron, Fractal, Odyssey Network, Celestia, and Sismo. Some might be created by individuals or groups, like those on Arbitrum, Optimism, Metis, Scroll, Aztec, StarkWare, Matter Labs, Miners Paradise, Topology, Spheron, Fractal, Odyssey Network, Celestia, and Sismo. Some might be created quickly, like those on zkSync, Arbitrum, Optimism, Metis, Boba Network, Scroll, Aztec, Matter Labs, Miners Paradise, Topology, Spheron, Fractal, Odyssey Network, Celestia, and Sismo. Some might be created by individuals or groups, like those on zkSync, Arbitrum, Optimism, Metis, Scroll, StarkWare, Matter Labs, Miners Paradise, Topology, Spheron, Fractal, Odyssey Network, Celestia, and Sismo. Some new coins might be created quickly, like those on Alchemy Pay, zkSync, Arbitrum, Optimism, Metis, Boba Network, Scroll, Aztec, StarkWare, Matter Labs, Miners Paradise, Topology, Spheron, Fractal, Odyssey Network, Celestia, and Sismo. Some of these coins might be created quickly, like those on zkSync, Arbitrum, Optimism, Metis, Boba Network, Scroll, Aztec, Matter Labs, Miners Paradise, Topology, Spheron, Fractal, Odyssey Network, Celestia, and Sismo. Some might be created by individuals or groups, like those on zkSync, Arbitrum, Optimism, Metis, Scroll, Aztec, Matter Labs, Miners Paradise, Topology, Spheron, Fractal, Odyssey Network, Celestia, and Sismo. Some might be created quickly, like those on zkSync, Arbitrum, Optimism, Metis, Boba Network, Scroll, Aztec, StarkWare, Matter Labs, Miners Paradise, Topology, Spheron, Fractal, Odyssey Network, Celestia, and Sismo. Some might be created by individuals or groups, like those on Arbitrum, Optimism, Metis, Scroll, Aztec, Matter Labs, Miners Paradise, Topology, Spheron, Fractal, Odyssey Network, Celestia, and Sismo. Some might be created quickly, like those on zkSync, Arbitrum, Optimism, Metis, Boba Network, Scroll, Aztec, Matter Labs, Miners Paradise, Topology, Spheron, Fractal, Odyssey Network, Celestia, and Sismo. Some might be created by individuals or groups, like those on zkSync, Arbitrum, Optimism, Metis, Scroll, StarkWare, Matter Labs, Miners Paradise, Topology, Spheron, Fractal, Odyssey Network, Celestia, and Sismo. But, be wary. Some coins may be created as part of a pump-and-dump scheme, where the creators quickly sell their coins for a profit, leaving late buyers holding the bag.

ChicksX also highlighted

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Other articles published on Feb 06, 2025