₿ Crypto & Web3 · Lesson 6 of 9 · 10 min
How to Spot a Crypto Scam
🚨 If a stranger slides into your DMs about a 'guaranteed 100x,' you are not being offered an opportunity. You are being robbed — slowly, politely, and with emojis. Let's make you un-rob-able.
💡 Key idea
If it sounds too good to be true, it IS too good to be true. No exceptions in crypto.
🧠 Why it matters
Crypto scams have stolen BILLIONS. Red flags: guaranteed returns, anonymous teams, copy-paste websites, celebrity endorsements that look fake, urgency ('act NOW'), pump groups, DMs from strangers.
🌍 In the real world
💸 Squid Game token (2021): rode the Netflix show's hype, hit $2,800 per coin in days. Then the developers vanished with $3.3 million. The coin went to zero in minutes. Classic 'rug pull'.
📌 Takeaways
- Guaranteed returns = scam
- Anonymous teams = high risk
- Never trust DMs about coins
✅ Test yourself
Someone DMs you a 'guaranteed 100x crypto'. What is it?
- An opportunity
- A scam — always
- Worth investigating
- A friend
Answer: B · A scam — always
Guaranteed returns don't exist in legitimate investing. If someone DMs you a sure thing, you are the product, not the investor.
What's a 'rug pull'?
- A type of yoga
- When developers abandon a project and run with the money
- A trading strategy
- A wallet feature
Answer: B · When developers abandon a project and run with the money
Rug pulls happen when project creators dump their holdings and disappear, leaving investors with worthless tokens.
What's a major red flag in crypto projects?
- Anonymous team + huge promises
- An active GitHub repo
- A public roadmap
- Listed on major exchanges
Answer: A · Anonymous team + huge promises
Anonymous teams with huge promises and no track record = the scam playbook. Always check who's behind the project.
Quiz, XP and streaks in the app. No sign-up needed.