Read this blog to learn how to spot and avoid fake ICO/IDO scams using an example of InsurAce's own imposer.
21 Mar 2023, 08:02
Read this blog to learn how to spot and avoid fake ICO/IDO scams using an example of InsurAce's own imposer.
And yes, we used our own imposer as an example😅
In the blog, we discussed:
🚧One common scam involves scammers copying the website of a new project that is about to launch an ICO or IDO.
🤖The scam works by creating a fake website that looks very similar to the legitimate website of the project, then instructing investors to deposit their cryptocurrency into a wallet address controlled by the scammers instead of the legitimate wallet address of the project.
🛡To avoid falling victim to this type of scam, investors should do their research, double-check the website, verify wallet addresses, be wary of unsolicited messages, and not trust endorsements blindly.