Crypto Scams and Rug Pull.

One of the easiest ways most Crypto scam are able to scam investors and users , is through the use of influencers.

Some social media influencers are being paid thousand of dollars to endorse cryptocurrency projects.

This Influencers are most times not interested in the project, all they do is collect their pay and then shill to their audience.

I have lost some money as a result of buying into a crypto project that an influencer was shilling, if you are a crypto trader you should [by now ] have seen an influencer on Twitter, Facebook or Discord shilling a particular token , most times this tokens are #meme token like #pepe with no use case or utility .

This Influencers would always come out to say things like “ buy this token if you want a lambo “ or “ this is the next 100000x coin”.