There are two types of fake tokens that you should be aware of:
The first type of fake tokens are disguised as tokens of widely-known projects. Scammers issue fake tokens in the name of popular projects that have never actually launched a token and lure victims into buying them.
The second type of fake tokens use the same name as some popular tokens. These tokens mislead users easily with their deceptive names.
Here are some common scenarios of token scams:
Scenario 1: The scammer shares an address, saying that those who transfer USDT or ETH to it can participate in arbitrage trading, get a proportionate amount of the token in return, and thus make profits. However, users will receive fake tokens in return.
Scenario 2: The scammer claims that they sell tokens in a hurry at an irresistible price. Users who take the bait find the tokens they receive are worthless and can not be traded.
Scenario 3: Scammers who impersonate TronLink personnel lure users into visiting a third-party App or website and transfer a certain amount of "USDT", which is a worthless namesake of USDT with a different contract address, to their wallets. Afterward, the scammer deceives the victims into transferring their assets to the address provided by the scammer.
To avoid falling victim to these scams, please stay alert to the suspicious tokens labeled by TronLink!
Please be noted:
Make sure you check the token's contract address and other information against the official information before making transfers and approach third parties with caution.
Please note that the TronLink community does not contact users, still less ask you to make transfers.