Topic: Uniswap has made it easier for scammers? (Read 816 times)
The quintessence of DEX and this crypto market is freedom and opportunity, so all that you need is DoYour Own Research. Much the same as the ICO a couple of years back, while making tokens on the ETH network was too basic, at that point the scam additionally expanded
If uniswap start deleting tokens from their DEX it's no more a decentralized exchange, the only thing we can do is keep warning newbies about scam and fake tokens on UNISWAP exchange, there are hundreds of fake DeFi projects using twitter to tweet about their projects, they always have limited supply like 30,000 or even less, it's probably why newbies get attracted to them
New Concept usually have its own negative impact. Many of these project rug pulling are not serious one, they just entice investors and run. Not a fault for uniswap but the greedy should cut their greed.
We all have heard some of the Uniswap pull-rugs recently, there are some thread on here you can see, I made on of them as https://bitcointalksearch.org/topic/--5281309 , but the list is going to be infinite if I want to add some of them daily, Usually, we hear big scams but a lot of them never mention as they are so small in comparison with those big ones, DEX was a good idea and neat but UNISWAP and Bounce.finance these days have been a reason of so many pull rugs, I don't remember I hear so many scams like now before, do you agree with me?
I think these scams could affect on crypto reputation, as many newbies, especially reach ones would like to make a house on firm and safe ground, I wonder how we can help to reduce scams on DEXes?I know with code analysis we can guess that more likely but what about those ones who don't know the coding that much? how we can find out potential scams before they pull the rug?
No matter how good the use case of a project is, scammers will always use it to their own advantages, the main purpose of DeFi platforms and exchanges is to give every crypto users the freedom to trade and add liquidity for their tokens with zero spendings, scammers are to be blame here not Uniswap and other DEX like it, all we can do is learn how to secure our assets when using the Platforms I think these scams could affect on crypto reputation, as many newbies, especially reach ones would like to make a house on firm and safe ground, I wonder how we can help to reduce scams on DEXes?I know with code analysis we can guess that more likely but what about those ones who don't know the coding that much? how we can find out potential scams before they pull the rug?
I indicated this thing when the defi trend was red hot and booming, some of my friends who were going crazy for these projects i always suggest to be careful as this trend will bring a lot of scams.
We all have heard some of the Uniswap pull-rugs recently, there are some thread on here you can see, I made on of them as https://bitcointalksearch.org/topic/--5281309 , but the list is going to be infinite if I want to add some of them daily, Usually, we hear big scams but a lot of them never mention as they are so small in comparison with those big ones, DEX was a good idea and neat but UNISWAP and Bounce.finance these days have been a reason of so many pull rugs, I don't remember I hear so many scams like now before, do you agree with me?
I think these scams could affect on crypto reputation, as many newbies, especially reach ones would like to make a house on firm and safe ground, I wonder how we can help to reduce scams on DEXes?I know with code analysis we can guess that more likely but what about those ones who don't know the coding that much? how we can find out potential scams before they pull the rug?
I think these scams could affect on crypto reputation, as many newbies, especially reach ones would like to make a house on firm and safe ground, I wonder how we can help to reduce scams on DEXes?I know with code analysis we can guess that more likely but what about those ones who don't know the coding that much? how we can find out potential scams before they pull the rug?
Indeed, a lot of similar projects on Uniswap appeared on the DeFi market. Unfortunately, we have to admit that most of them are fraudulent projects and launched just to get quick money. As for the fight against such projects, I think the best way is not to take part in them and to inform the crypto community about such projects in a timely manner. Personally, I also witnessed a number of such failed projects and now I always pass them by.
Well to tell you frankly, after UNISWAP airdrops happened a couple of months ago, scam projects increased more here in cryptocurrency, in fact,
it was scattered and posted in the social media such as Twitter, Facebooks and Telegram and even until now they still looking for a victim and UNISWAP still their main tools of course for this things, so let us be more careful anyway.
Newbie are the most vulnerable to this type of fraud because they don't know more about the fraudulent attempt made by certain individual. I have received an email on behalf of Uniswap some time ago. They offer a 400 UNI airdrop, I don't think this is legitimate as it is very clear that a scam is being tried simply because the sender of the email is different from the Uniswap site. Ignoring these email and offer is a sure way to avoid scam. Try all newbie to be careful and ask question before they decide to enter the platform especially if they want to invest. it was scattered and posted in the social media such as Twitter, Facebooks and Telegram and even until now they still looking for a victim and UNISWAP still their main tools of course for this things, so let us be more careful anyway.
It is the part of the cons of decentralized exchange. Maybe you are just noticing this now but DEX have always being the home of recycled and expired token (used and dump). Unfortunately, there is little anyone can do about it other than to report any scam project having a sale swap on the DEX to prevent others falling victims. Alot of project reported on the scam accusation sections make use of DEX platform to collect money from the investors. Kingswap is getting launched soon probably we can see how they intend to tackle scammers
people think that every new project, especially the Defi project that is already registered on the Uniswap platform or not registered or even the developer plans to register on the Uniswap platform, will bring good results. whereas in fact not all new and old coins that have been listed there are worthy of investment. I am very risky if someone invests based solely on high bids.
old coins listed on that exchange do have a chance because we already know thier flow but new coins are the one that is riskier because they may need to prove how they move before we invest on them . these people that think that all that are listed on uniswap are profitable is the same to those people that said that all coins listed on binance are profitable but binance has a more chance than uniswap because binance is centralized and strictier . if they invest based only on the high price , that depends on the coin and the situation. I agree, it's better to invest in a well-known exchange and from a fairly tight security perspective.
for example investment d binance, bitrex, and many more.
this is often experienced by beginners, who do not do research first.
We all have heard some of the Uniswap pull-rugs recently, there are some thread on here you can see, I made on of them as https://bitcointalksearch.org/topic/--5281309 , but the list is going to be infinite if I want to add some of them daily, Usually, we hear big scams but a lot of them never mention as they are so small in comparison with those big ones, DEX was a good idea and neat but UNISWAP and Bounce.finance these days have been a reason of so many pull rugs, I don't remember I hear so many scams like now before, do you agree with me?
I think these scams could affect on crypto reputation, as many newbies, especially reach ones would like to make a house on firm and safe ground, I wonder how we can help to reduce scams on DEXes?I know with code analysis we can guess that more likely but what about those ones who don't know the coding that much? how we can find out potential scams before they pull the rug?
I think these scams could affect on crypto reputation, as many newbies, especially reach ones would like to make a house on firm and safe ground, I wonder how we can help to reduce scams on DEXes?I know with code analysis we can guess that more likely but what about those ones who don't know the coding that much? how we can find out potential scams before they pull the rug?
Well to tell you frankly, after UNISWAP airdrops happened a couple of months ago, scam projects increased more here in cryptocurrency, in fact,
it was scattered and posted in the social media such as Twitter, Facebooks and Telegram and even until now they still looking for a victim and UNISWAP still their main tools of course for this things, so let us be more careful anyway.
I actually had the same perception towards this UNISWAP and if we do look back on that Kucoin hacking incident then try to look on where those coins been mostly converted?
https://news.bitcoin.com/kucoin-hacker-leverages-uniswap-to-dump-vast-number-of-erc20-tokens/
https://www.supercryptonews.com/kucoin-hacker-processing-stolen-funds-via-uniswap/
This is why i do partly agree about hacking incident which this UNISWAP is really a good tool for those scammers or hackers out there.It made their job way more simpler.
I do not think that just because there is a tool to be used by scammers, that tool would be the guilty one. If you are going to get scammed, you are going to get scammed one way or another, it is not going to matter if uniswap exists or not because if you are the type of person who would believe in a scammer you will get scammed eventually. However if we stop all these improvements in the tech world or any part of the world because those things are making scammers job easy, we are not going to get any type of improvement.
People call others on the phone and scam them and get their money, you think phones are guilty and making it easier for scammers? I mean they do, but does that mean phones are bad? I think uniswap is amazing and I believe scammers finding it easier doesn't change that fact.
People call others on the phone and scam them and get their money, you think phones are guilty and making it easier for scammers? I mean they do, but does that mean phones are bad? I think uniswap is amazing and I believe scammers finding it easier doesn't change that fact.
The only way not to get scammed is to be more knowledgeable than scammers we must know how they think, how they do their business, what I mean is awareness, if we are aware that we know how they work there will be fewer people who will get scammed and they will eventually stop scamming people as long we exposed them.
And as someone pointed out a few weeks ago, since the most knowledgeable people are precisely the developers or the hackers who try and exploit poor code, then it must be assumed that Defi space is totally unsafe for 99% of the population of users, including myself and all of us here who of course can't even read a bad code if you put it right in front of us.
We all have heard some of the Uniswap pull-rugs recently, there are some thread on here you can see, I made on of them as https://bitcointalksearch.org/topic/--5281309 , but the list is going to be infinite if I want to add some of them daily, Usually, we hear big scams but a lot of them never mention as they are so small in comparison with those big ones, DEX was a good idea and neat but UNISWAP and Bounce.finance these days have been a reason of so many pull rugs, I don't remember I hear so many scams like now before, do you agree with me?
I think these scams could affect on crypto reputation, as many newbies, especially reach ones would like to make a house on firm and safe ground, I wonder how we can help to reduce scams on DEXes?I know with code analysis we can guess that more likely but what about those ones who don't know the coding that much? how we can find out potential scams before they pull the rug?
I think these scams could affect on crypto reputation, as many newbies, especially reach ones would like to make a house on firm and safe ground, I wonder how we can help to reduce scams on DEXes?I know with code analysis we can guess that more likely but what about those ones who don't know the coding that much? how we can find out potential scams before they pull the rug?
Well to tell you frankly, after UNISWAP airdrops happened a couple of months ago, scam projects increased more here in cryptocurrency, in fact,
it was scattered and posted in the social media such as Twitter, Facebooks and Telegram and even until now they still looking for a victim and UNISWAP still their main tools of course for this things, so let us be more careful anyway.
Uniswap just gave the opportunity to work without any permission. freedom has some lacks like absence of control and scammers use them. so cryptomembers have to be careful and check tokens before working with them.
this will be of great concern to crypto entrants who don't know more about what is DEFI and what is the DEX platform. most of the newcomers will only think about the high returns or not see how the risk is. this will be a big problem for those investing based on trends and high bids.
I think the title are a bit unfair for Uniswap
They created a platform
They don't create to ease for people who "scam"
Their platform is fine
The investors are not
People actually get scam because they are lazy to read and wanted to ride on projects that they are clueless about it
That makes scammer easier
imo
They created a platform
They don't create to ease for people who "scam"
Their platform is fine
The investors are not
People actually get scam because they are lazy to read and wanted to ride on projects that they are clueless about it
That makes scammer easier
imo
Dex platforms such as UNSIWAP are one of the most highly rated DEX platforms this year. There are many new projects that register their koinya on their platform, the sensation on this platform stems from the airdrop of their own company which was distributed to every DEX user at that time. high withdrawal fees are not a problem for most coin traders. but the problem is that the trends defi are misused by the responsible party, including the developers, making scam projects on behalf of YF, YCF and the like agriculture.
I wonder how we can help to reduce scams on DEXes?I know with code analysis we can guess that more likely but what about those ones who don't know the coding that much? how we can find out potential scams before they pull the rug?
We can help investors by reporting these bad actors and obvious scam DeFi's in the scam section so people will be aware of their activity and how they scam people and who are these scammers, but knowledge is very important always double check on tokens that you are dealing with, it consumed time but it's worth it.
Scammers will be always and everywhere where you can make money, Uniswap, like any other industry, simply brings new tools that anyone can use, including scammers. Of course, any new industry is subject to pressure from scammers and many people will lose money, it has already happened several times in the blockchain industry and will happen again and again. Any financial activity is subject to high risks, including risks because of scammers.
Well said @bubbalex Dont blamed it to technology UNISWAP provides us a a new decentralized exchange with lp pools never been introduced before by any dex existing today thats why this technology was adopted so fast by many erc20 traders even other coins can be traded by wrapping it to eth network just like wbtc, if someone scammed from uniswap by rug pulls from many defi today then its an investors fault why would buy a token with anon team, no kyc, no background in any company and no assurance this defi mostly has anonymous team members in that case you should stay aways from them choose a project which has real team members verified only, 
What happen with uniswap always give chance for scammer listing coin and then few days later coin price drop and become scam, I think next listing uniswap have really check which one coin have to list or not because many coin after listing on uniswap become scam. Kper coin become most scam project with first listing coin price above $5 and the up higher price above $24, then developer of kper coin make supply suddenly added and sell all his assets then price drop under 0.0005$, how much investor loss their money if uniswap not control which one coin have to lost, now give experience for us never playing with uniswap exchange and buy new coin list on there, you can learn with many coin become scam there without have clearly with how much coin supply.
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