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Key takeaways
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Honeypot scams lure investors with fake liquidity, price movement and hype, but the contracts are rigged to prevent exits, locking funds permanently.
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Modern honeypots include tampered cold wallets sold via platforms like TikTok, preloaded with private keys that scammers use to steal funds instantly.
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Variants like high sell tax honeypots and “honeypot-as-a-service” kits make it easier than ever for scammers to target even experienced users.
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Test-sell before committing funds, scan smart contracts, avoid sudden hype and always buy wallets…
