Quote from: luckyflop on November 07, 2020, 01:31:43 PM

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://bitcointalk.org/index.php?topic=5281309.0 , 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?

This is a question that has been bothering me too as I have been a victim of buying into scam projects on Bounce Finance platform before. The project raised about 7500 ETH and then listed for a while on Uniswap with very poor liquidity, deleted the TG group and cut off all communications with investors. No project development. They just shared the ETH and disappeared.

This is a downside of decentralization as anyone can list a token on this platform. But as it is commonly mentioned, do your own research. I don't ignore any red flag again.