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Multiply your money x200: the classic scam with a new twist
They promise a 200x return with a 200% bonus and a contract verified on BscScan. But paying for the green check doesn't stop it from being a honey pot. How they operate...
The 200% bonus that hides a trap: how honey pots work on BSC
Promising to multiply your investment by 200 with a 200% bonus and a contract verified on BscScan sounds tempting. But in the crypto world, that verification only proves that 0.5 BNB was paid for a green check, not that the project is legitimate. It's the new disguise for classic scams.
How the honey pot works
The scheme is simple: a token is launched with promises of astronomical returns – such as the 200% bonus – and a minimum of 0.05 BNB is required to participate. It's advertised on forums and social media with urgency ("Stage 2 ending soon") to pressure the gullible. Once the contract accumulates enough liquidity, the creator activates a hidden function that drains the funds. Verification on BscScan doesn't prevent this: it only confirms that the code is published, not that it's safe.
The false sense of security
A token appearing as "verified" on BscScan generates trust. However, the verification process costs a few BNB and anyone can obtain it. It doesn't imply an audit or any guarantee. The project profile includes a website, logo and links, but it's usually a shabby, anonymous page. The typical red flags – excessive bonuses, countdown stages, promises to multiply your capital – are still there.
The real cost of falling for it
Losing money is easy when you act out of greed. As many have learned the hard way, losses pile up quickly. Better to distrust any offer promising impossible returns. The golden rule: if it sounds too good to be true, it is.
The only way not to fall for it is not to click. Next time you see "Multiply your money x200", ask yourself: who would give away money if they could really multiply it?
Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication.
Read the full discussion (11 replies).
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