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How not to become a victim of scammers? (2025)In the world of DeFi, you are your own bank – and that comes with both freedom and responsibility. This post will guide you through the most common scam schemes on DEXs, provide recent real-world examples, and offer practical advice on protecting yourself. By understanding these risks and implementing best practices, you can significantly reduce your chances of falling victim to these schemes, even if they can't be eliminated entirely. Common Scam Schemes on DEXs Rug Pulls How it works: A rug pull occurs when project developers abandon a project and run away with investors' funds. This often happens after creating hype and attractin -
DEX SecurityA decentralized exchange is a platform that specializes in the trade of digital assets like cryptocurrencies and NFTs. By virtue of being based on the blockchain, a decentralized exchange, or DEX, can access the network and perform all of the same operations like a centralized exchange. However, unlike its centralized counterpart, a decentralized exchange does not act as an intermediary legal entity – it allows users to interact on a peer-to-peer basis, providing them merely with the interface and infrastructure facilities needed. All decentralized exchanges perform trustless operations by relying on automated smart contracts that act as c
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The Perils of AI-Assisted TradingThe advent of artificial intelligence heralded a new era in both data processing and the utter diminishment of human critical thinking and information analysis. The ability of AI to process vast amounts of information makes it an ideal instrument for the identification of possibly beneficial grains of data that can be used to derive insights and trends. However, the forecasting abilities of AI are extremely limited, since they rely on the information that the machine is provided with. Considering that the AI is devoid of the ability to apply critical thinking and distinguish truth and facts from garbage data, the reliability of the derivation
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How to not be dropped by a fake airdrop?Airdrop is not a charity, but a marketing game. You will not be given a fortune. A nice bonus is needed in order to attract you to the platform and stimulate your activity. And yes, in most cases this is a great option to get acquainted with a new project and have a small start-up capital. What should be remembered? Airdrop is always free. Absolutely. An attacker may ask you to buy a certain amount of coins and promise that you will be given even more after the purchase. It won't happen. The scammer may also ask to “unlock” the tokens for a fee or “repurchase” an airdrop at a discount. Of course, you will not get any bonuses, and the mo
