Posts

Showing posts with the label scam

How to Check if a BSC Token Is a Honeypot

A BSC token is a honeypot when you can buy it but cannot sell it. To check, read the verified contract for sell restrictions, look for owner-controlled fees and blacklists, review who holds the supply and the liquidity, and confirm that other wallets have sold successfully. No single signal is proof, so combine several checks before deciding. What is a honeypot token on BNB Smart Chain? A honeypot is a token contract built so that buyers can enter but cannot exit. The chart may look healthy, because every trade is a buy, and new buyers see a price that only goes up. When someone tries to sell, the transaction fails, or it goes through with a hidden tax so high that almost nothing comes back. The people who control the contract can then remove the liquidity and leave holders with tokens that cannot be swapped. On BNB Smart Chain, honeypots are common because creating a BEP-20 token and pairing it with liquidity on a decentralized exchange is cheap and fast. Most of them follow a smal...

Ronaldinho denies ties to dubious 18k crypto pyramid scheme

Football legend Ronaldinho denies involvement in a controversial crypto scheme 18k Ronaldinho, while testifying before a legislative committee. Brazilian football legend and global icon Ronaldinho directly refuted allegations linking him to a crypto currency-based financial pyramid . Testifying before a legislative committee on Aug. 31, the athlete denied any association with the controversial venture 18k Ronaldinho, a scheme that once pledged skyrocketing returns of up to 400% within a year. Ronaldinho claimed that he had been unfairly implicated and the company exploited his public image without permission. The football legend stated he had agreed only to endorse a watch collection by 18k Watchs, but he never authorized using his name and image to sell or promote cryptocurrencies.  While the alleged scheme flaunted itself as a multilevel marketing operation, Ronaldinho argued that any imagery featuring him was exclusively tied to his endorsement of the watch collection. He e...