The More Famous, The More Scammers in BSC !!

[masudginanjar]

There are many steps like this in the cryptocurrency environment, so be careful !
We have to be careful with the various types of fraud that exist on IDO or ICO platforms that use the Binance Smart Chain blockchain.
I often see IDO platforms that use tokens from BSC, for projects 1-2 months the project has a very good coin graphic but after that the coin does not have a good advantage and ends up being Dead/Scam.

[royalfestus]

The factor for the scam is not BSC, although BSC got attractive at a point for investors that believe BSC transaction fee can increase the volume of trade also with the availability of more decentralized exchanges for BSC projects. It does not mean the neccesary research should not be done.

[kent47400]

For cryptocurrencies, there must always be something like that because cryptocurrency invites investors from various parts of the world to be able to participate in it, even though this cryptocurrency can change this world but behind all of that there must be parties who are not responsible for being scammers.
We still remember when Ethereum was cheap and had a good value to continue to be developed in various ICOs and IEOs but finally at that time there were also a lot of Scammers residing in Ethereum.

[Freemind]

The problem is not BSC, the problem is the scammers as always. Any smart contract platform has scams, the thing is that creating a token on Binance Smart Chain is really cheap and can be done in no time. A while ago Ethereum was the star of scams with hundreds of projects launched, now BSC has taken over. We can't do anything to combat that, we can only look at where we invest and make the right decisions, and even being very careful, we can fall into a scam.

[aiviaa485]

I have to be more wary of scammers because these scammers are targeting everything that happens in the cryptocurrency space and this really makes me confused about how to stay away from scammers.
I am sure that Binance Smart Chain is innocent, the guilty are the scammers who are looking to profit from the presence of Binance Smart Chain and this is the right step that we must report if there is a fraud that occurs in the cryptocurrency space.

[Freemind]

When one person stabs another, the fault lies not with the maker of the knife, but with the person who wields it. A very simple comparison that we can also use in this case. That BSC is the most used chain to create scams does not mean that it is bad, it means that it is the cheapest and easiest chain to use to create tokens. It is our responsibility to inform ourselves and study well in which projects we are investing our money.

[damsix]

It could also be a pure effect of a coin that has such a large community and I make sure that Binance Smart Chain doesn't care about scammers because scammers are purely people who only have the intention of stealing from other people.
The most appropriate anticipation for now is that we must be able to avoid scammers, such as the most vital thing is token dusting which is distributed to all wallets and it is very dangerous for our assets.

[cheezcarls]

There are many steps like this in the cryptocurrency environment, so be careful !
We have to be careful with the various types of fraud that exist on IDO or ICO platforms that use the Binance Smart Chain blockchain.
I often see IDO platforms that use tokens from BSC, for projects 1-2 months the project has a very good coin graphic but after that the coin does not have a good advantage and ends up being Dead/Scam.

Other blockchains aren’t exempted as well in terms of the scammers taking advantage of the trend. Although BSC is indeed popular behind ETH because of low transaction fees, it doesn’t mean that scammers aren’t targeting others such as Polygon, Solana, Avalanche, etc.

[MUGNIA]

The fraud is not from the BSC, I think the individual and the team from the coin made the BSC bad, because they cheated people with ICOs, IDOs, etc. and using my network, I pressed USING instead of the BSC coin.

[Doctor]

It could also be a pure effect of a coin that has such a large community and I make sure that Binance Smart Chain doesn't care about scammers because scammers are purely people who only have the intention of stealing from other people.
The most appropriate anticipation for now is that we must be able to avoid scammers, such as the most vital thing is token dusting which is distributed to all wallets and it is very dangerous for our assets.

scammers always have way to scam other people, Not about binance smart chain must have the regulation to reduce scammers.
Because we all know scammers always be there every where.
We should have knowledge and experience to detect scam projects.
But It's not easy.

[shadowdio]

Yes, Binance Smart Chain is really popular and so the scammers will take advantage of it.. That's why many meme coins in the market that runs Binance Smart Chain so people should be careful to invest, they should research the project first.

[trauchot]

Unfortunately, this is on all blockchains and therefore we always need to be very careful before investing in cryptocurrencies, and in general it is best to invest in proven top cryptocurrencies, but if you want to invest in new cryptocurrencies, then you need to do this through top IDO and IEO platforms and exchanges.

[Freemind]

Yes, Binance Smart Chain is really popular and so the scammers will take advantage of it.. That's why many meme coins in the market that runs Binance Smart Chain so people should be careful to invest, they should research the project first.

That's not just due to popularity. Creating a token on Binance Smart Chain is much easier than many people think, practically everything is automated in the standard contract, people only need to specify the name of the token and the total supply. Few projects that are scams modify more parameters of the contract than I have said before, and that is another detail to take into account when finding scams, also, creating a token on Binance Smart Chain is practically free and can be done in a few minutes.

[yohananaomi]

I think it is clear that fraudsters are very smart and they always update what they are going to do and we are required to also be able to understand their behavior so as not to be deceived. fraudsters will always do anything to the existing system and they are always in the forefront to do that so that many who can be deceived finally they can receive profits.


BSC, Ethereum are the same, only as an intermediary so that they can be used to commit fraud. BSC is currently used a lot because it's cheap and if ethereum is cheap too then they will do it there too. whatever the method and whatever intermediaries there are, if they are cheap and often used, fraudsters will use them.
in principle we should be able to better understand what fraudsters will do in order to avoid all that.

[Alcor]

Of course, the more known any direction in cryptocurrency, or even a separate type of it, the more investors will invest their money in them and the more they will attract the attention of scammers. So it was, is, and certainly will be in the future. Especially at the present time, when the cryptocurrency is still very poorly regulated by states and this allows fraudsters to go unpunished. Perhaps, in cryptocurrencies, fraud should be treated as an inevitable phenomenon and beware of being deceived.