How do you stay safe from rug pulls and scams? 🔒

What’s your go-to strategy for avoiding crypto scams?

Rug pulls and scams have burned me one too many times, and I’m sure I’m not alone. These days, I’m way more cautious, but I’m always looking for better ways to stay safe. Do you have any hard rules or red flags you watch for before jumping into a new project?

I’ve started digging deeper into team backgrounds and checking for audits, but sometimes even that doesn’t feel like enough. How do you balance the excitement of a new opportunity with staying skeptical? Would love to hear how others navigate this.

Back in my day, we didn’t trust anything without a solid track record! If the team’s anonymous or the whitepaper reads like sci-fi, I’m out. Always DYOR no shortcuts!

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I completely understand and respect your cautious approach due diligence is indeed essential in such matters. Your emphasis on thorough research is truly commendable and wise.