What are some common DeFi scams I should be aware of?
An example of an AI chatbot conversation about common DeFi scams and how to avoid them.
What are some common DeFi scams I should be aware of?
Common DeFi scams include rug pulls, phishing attacks, and fake liquidity pools. Always do your research!
How can I identify a rug pull?
Look for sudden changes in token liquidity, lack of transparency from developers, and high promises with low information.
What should I do if I think I've been scammed?
Immediately stop any transactions, report the scam to the platform, and consider reaching out to law enforcement.
Are there any tools to help me avoid scams?
Yes, tools like DEXTools and Token Sniffer can help analyze tokens and detect potential scams.
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