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It’s not a secret that, unfortunately, scams occur in the cryptocurrency space much more often than they should. What’s worse is that most of the time, those affected are innocent crypto holders who were somehow misled into handing their funds over to a malicious actor.
However, a new kind of scam turns the typical crypto scam narrative on its head. In a so-called ‘Honeypot’ scam, the targets are the very same malicious actors who seek to take advantage of someone who doesn’t know any better.
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