#scam
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WARNING: Fake Aidrop!
Just 24 hours after FTX's new CEO, John Ray, announced that the platform could be revived, fraudsters created a fake FTX 2.0 token.
The FTX2.0 scam token is being actively spread among the registered users' wallets, including Justin Sun, KuCoin, and Binance.
Security firm PeckShield reported that the smart contract of FTX 2.0 has a backdoor that allows hackers to steal funds from users' accounts. To participate in the "new airdrop" the users are encouraged to click on a phishing link.
But the worst part is that the token's code allows buying the coin, but prohibits it from being sold. That's why its price has quickly rocketed, causing a wave of FOMO among FTX customers. 
What is Rug Pull and how is it related to scam?
An abrupt removal of the token's liquidity by the project's developers is known as a "Rug Pull". It causes the asset's price to fall to zero, leaving investors to lose their funds. Rug Pull is one of the most popular ways of scamming in decentralized exchanges. How to distinguish a promising NFT project from a scam
If you are afraid that hype NFTs will mint with a minimum commission without you, then breathe out and take a step back. This is typical FOMO. Prior to getting into the Whitelist and earning money at the same time, analyze 4 areas of the team's work. 
A scam with the Shiba Inu giveaway was exposed on Reddit
To allegedly receive free SHIBs, users were asked to follow a phishing link. After that, scammers connected to the victim's crypto wallet and withdrew all funds. Suspicions arose in the r/CryptoCurrency subreddit.
Community members began spreading information about phishing so that others won't become scam victims. They called it the biggest scam ever to hit Reddit. If you have already clicked on such a link, urgently move your coins and tokens to another wallet. And remember, if a deal looks too good to be true, you're probably in the thick of it. 
Logan Paul will be held liable for his zoo scam
That’s not the first (or even tenth) case of YouTube stars and professional sportsmen being accused of promoting scam projects.
Pro wrestler Logan Paul couldn't slide out of the strong arm of the law, either. He was named in a class-action suit from the CryptoZoo investors, alleging the project to be a typical Rug Pull. Paul was one of the founders of that fraudulent venture, so the plaintiffs have a pretty good chance to receive the compensation.
Previously, we’ve published a complete guide to crypto analysis. Always remember to DYOR! 
3 social media crypto scams you should be aware of
No investment can guarantee you a profit. You will be able to evaluate how well an investment has performed only post factum. However, there are many offers in the world of crypto that, although sounding tempting, have almost a 100% chance of ruining an investor. 
