What is fake token scam?

What Is Fake Token Scam?

Scammers create tokens that look like real ones (same name and symbol) on a blockchain. If you buy the fake token, it may be worthless or the scammer can dump it. Always verify the contract address from the project's official website or verified social channels. Do not buy from unknown links or DMs. On decentralized exchanges, check the contract address before swapping. A small mistake can mean losing your funds. When in doubt, use the official project link to get the correct address.