08-27-2022, 08:09 PM
Some safety tips for you, I learned the hard-way.
<!-- SC_OFF --><div class="md"><p>Here are some quick safety insights I have picked up. </p> <p>I want to continue to share this stuff so you guys don't have to learn the hard way. </p> <ol> <li><p>Just because a promotion of a project has a high engagement rate does not mean it is safe, this can all be faked and is 99% of the time.</p></li> <li><p>If there is only 1 dev doxxed, it could be a front-man for shady teams. </p></li> <li><p>Linkedin profiles can be faked, this rule applies to all social media platforms used for fake doxxing, i guess we'll call it <em>foxxing</em>?</p></li> <li><p>Foxxing is easy to do.</p></li> <li><p>Liquidity lock means nothing (check unlock timescale anyway), look at the solidity/code contract</p></li> </ol> <p>Can they edit tax? Can they edit sell permissions? Can they edit anything that would threaten your ability to sell or hold safely? </p> <ol> <li><p>There is a trend of private doxxing, I personally don't trust this. A security audit company will not release the details of the devs to you.</p></li> <li><p>When you join the discord or the telegram, don't read the chat and get swept up into chasing the dragon. The dragon will burn you. Often the chat will be either artificial in some way or people desperate for others to save them from the losses they may/may not incur.</p></li> </ol> <p>Assume everyone in this space wants to steal your money. </p> <ol> <li><p>Never interact with a link you receive in a direct message.</p></li> <li><p>Disconnect your wallet from everything you don't 100% trust. Do this regularly.</p></li> <li><p>Consider the use-case, if there is one. Is it unrealistic? Is it easily achieved? Both? Red-flag.</p></li> <li><p>Double and triple check wallet addresses</p></li> <li><p>Send a 0.001 transfer before you send your whole wallet, see if it gets there first.</p></li> <li><p>Find a project you believe in, research it, trust no one and assume that the investment will dump.</p></li> <li><p>Binance employees on LinkedIn are mostly fake. It's a mess.</p></li> </ol> <p>Thanks for taking the time to read this,</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/wake5"> /u/wake5 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/wz27l3/some_safety_tips_for_you_i_learned_the_hardway/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/wz27l3/some_safety_tips_for_you_i_learned_the_hardway/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>Here are some quick safety insights I have picked up. </p> <p>I want to continue to share this stuff so you guys don't have to learn the hard way. </p> <ol> <li><p>Just because a promotion of a project has a high engagement rate does not mean it is safe, this can all be faked and is 99% of the time.</p></li> <li><p>If there is only 1 dev doxxed, it could be a front-man for shady teams. </p></li> <li><p>Linkedin profiles can be faked, this rule applies to all social media platforms used for fake doxxing, i guess we'll call it <em>foxxing</em>?</p></li> <li><p>Foxxing is easy to do.</p></li> <li><p>Liquidity lock means nothing (check unlock timescale anyway), look at the solidity/code contract</p></li> </ol> <p>Can they edit tax? Can they edit sell permissions? Can they edit anything that would threaten your ability to sell or hold safely? </p> <ol> <li><p>There is a trend of private doxxing, I personally don't trust this. A security audit company will not release the details of the devs to you.</p></li> <li><p>When you join the discord or the telegram, don't read the chat and get swept up into chasing the dragon. The dragon will burn you. Often the chat will be either artificial in some way or people desperate for others to save them from the losses they may/may not incur.</p></li> </ol> <p>Assume everyone in this space wants to steal your money. </p> <ol> <li><p>Never interact with a link you receive in a direct message.</p></li> <li><p>Disconnect your wallet from everything you don't 100% trust. Do this regularly.</p></li> <li><p>Consider the use-case, if there is one. Is it unrealistic? Is it easily achieved? Both? Red-flag.</p></li> <li><p>Double and triple check wallet addresses</p></li> <li><p>Send a 0.001 transfer before you send your whole wallet, see if it gets there first.</p></li> <li><p>Find a project you believe in, research it, trust no one and assume that the investment will dump.</p></li> <li><p>Binance employees on LinkedIn are mostly fake. It's a mess.</p></li> </ol> <p>Thanks for taking the time to read this,</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/wake5"> /u/wake5 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/wz27l3/some_safety_tips_for_you_i_learned_the_hardway/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/wz27l3/some_safety_tips_for_you_i_learned_the_hardway/">[comments]</a></span>