Someone said it's only in crypto where you can do a legal scam


And honestly they're not wrong
A random guy can create a token in 5 minutes and rug you
A founder can raise $50M, deliver nothing, and call it "pivoting"
A VC can dump tokens on you the day they unlock and call it "portfolio rebalancing"
An influencer can shill you a coin they're already selling and call it "not financial advice"
A project can promise a roadmap, go silent for 6 months, and call it "building in stealth"
A team can lock liquidity, mint unlimited tokens, drain the value, and call it "tokenomics"
An exchange can use your deposits to fund their own trades and call it "risk management"
A dev can copy paste someone else's code, launch a new token, and call it "innovation"
And they will all go scot free
No arrests. No lawsuits. No refunds
In any other industry this would be fraud
In crypto it's called "part of the game"
And somehow you are the one who gets blamed for not doing enough research
The space needs accountability
Until then protect yourself because nobody else will
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned