Post
Topic
Board Altcoin Discussion
Re: Fake token on swap platform
by
cengat
on 01/10/2020, 03:28:15 UTC
literately malfunction token. The problem is the token can only 'buy', but can't be sold. There are tricks in the selling code that only the owner (scammer) can sell. Outside people can only buy but never sell successfully. The scammers create the pairing pool using their token, then buy it to create an up-shooting curve. They will come back later to collect all ETHs leaving the garbage tokens stuck in tricked buyer's account.   
Are there any real examples of this?
I mean I totally can believe in such scam scheme, just curious to witness it myself.