Phenomenon Exposure: High-Value Token Fraud Observed in the Crypto Market

liquidation_surfer · 2026-03-12T21:11:19+00:00

The rise of cryptocurrency scams, particularly those involving influencers promoting token projects, poses significant risks to investors. The AVAX fraud incident illustrates the dangers, as funds were misappropriated by an influencer, leading to heavy losses for investors. To avoid scams, investors must conduct independent research, verify information through reliable sources, and remain cautious of promises of quick profits.

liquidation_surfer

2026-03-12 21:11:19

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In recent days, scams under the guise of influencers have been increasing in the crypto market. Especially, social media influencers claiming to support new token projects and raising funds from investors indicate that such fraudulent activities are becoming more common. Being cautious about influencer disclosures and verifying trustworthy sources in the market is critically important.

Fraud Incident Involving the AVAX Project

A recent scam involving Avalanche’s token AVAX serves as an important lesson. After a influencer collected 93,000 AVAX, they only added 20,000 of this amount to the Sender liquidity pool and completely withdrew the remaining 73,000 AVAX. They then closed their accounts and managed to erase all traces. Investors suffered significant losses in this incident.

Common Tactics Used by Influencer Scammers

These types of scams are usually carried out through the following steps: First, a popular influencer or personality claims to support a new token project, convincing investors to put money into it. Then, by providing minimal liquidity to make the project appear legitimate, they steal the collected funds. In the final step, they close their social media accounts to erase all traces. These influencer disclosures create distrust in the market.

Essential Warnings for Crypto Investors

The most basic way to protect oneself from similar scams is to never blindly believe anyone’s promises. Special caution should be exercised with influencers promising quick profits. It is important to independently research project details and rely on technical documents (whitepaper) rather than social media announcements. Verifying liquidity information with independent blockchain tools and testing with small amounts are primary ways for investors to protect themselves.

The current AVAX price is around $9.61 USD. However, this does not compensate for the losses investors experienced in past similar scams. Consulting reliable information sources in the crypto market and maintaining a stance of never supporting suspicious projects are the safest methods for investors.

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