I decided to take a break from degen and alt trading, but I still don’t want to pass the days without anything at hand. Recently, I’ve been seeing events on Twitter with captivating captions, but I doubt their legitimacy. While double-checking some, I saw one that includes downloading an exchange app to qualify for rewards, but I’m a little skeptical about going for it. What do you think of such events? Am I wasting my time, or could it be worth something?
Many fake accounts are impersonating popular exchange platforms, which also bear the blue verification mark and have thousands of fake followers. Also, these captivating captions and tempting rewards that they offered to new users might be a way to mislead and deceive them, prompting them to download a suspicious app that could lead to their devices being hacked or to register on the unknown exchange, only to be pushed into depositing money which then gets frozen and their accounts closed without the ability to withdraw their funds. So, beware of these free rewards and tempting offers on social media, and also, if CEX is not one of the top tiers in the market, ignore everything you see.
Even on the famous CEX platforms, their promotional events are not worth it.