Is zkSync Becoming zkScam?
Millions of dollars worth of crypto has disappeared from investors' pockets in weeks from newly launched token generation events on zkSync. Read how I fell for one and tips to avoid being swindled.
It’s ironic because many of us in crypto would poke fun at someone who falls for a Nigerian Prince email scam or falls in love with a stranger online and sends them money. Meanwhile, many of us entrust development teams who have done little to earn our trust in the hope of making fast profits on a token launch. And then, when they run off with our money, we feel bitter, cheated, and taken advantage of.
Such has been the case for many optimistic investors on zkSync. The chain has garnered a lot of hype on the back of the Arbitrum airdrop and its quickly growing total value locked. Unfortunately, the scammers and conmen are out in full force and they are doing a good job impersonating legitimate projects.
Millions worth of crypto have leaked out of ordinary investors' pockets in the past couple of weeks due to hacks, rug pulls, or “mistakes” by development teams on zkSync. It’s gotten so bad, I’m second-guessing involving any of my crypto on these new token launches on zkSync.
