Scams are rampant in crypto and web3. Everyone has heard horror stories of projects being drained of millions of dollars and the scammers seemingly getting away clean. Keeping yourself and your wallet safe is one of the biggest things we want to remember in web3.
In this video, I'll explain what a rug pull scam is and some of the tactics used by scammers, whether it's a token project or an NFT project. I'll also explain some of the steps you can take when evaluating projects before buying into them that will help mitigate the risk of fall for a rug pull. As with most scams, the biggest thing is to just keep a level head and not ape in emotionally without doing research.
Hopefully after this video (and a few more on some other types of scams that are upcoming), you'll feel comfortable and willing to dive into web3 and join the blockchain!
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