[SERIOUS] Beware of random tokens you receive in your wallet

In the crypto world, we have done a full cycle, and we are once again experiencing the helm of meme coins. Memecoins always bring attention to crypto, and often encourage new people to invest, create their own wallets, and get into crypto. All of this is a good thing (to a certain extend)

However, with more people joining, I think that it is crucial to mention and remind some of the newer users of some of the risks in crypto.

One common scam that is often seen starts in your wallet. You are checking the tokens in your wallet, and you suddenly see a new token, one that you did not buy. Its name is perhaps Dogeloinshibainu42069.

Now this token you have received is mostly harmless, as long as it sits in your wallet and you do not interact with it at all. The moment you interact with these tokens, trying to sell or transfer them, they will ask you to approve a smart contract. Pretty standard right? The only problem is that this smart contract will have malicious code, allowing it complete access to all your funds and the ability to drain your wallet completely. In other words, do not interact or try to sell any tokens that you did not buy. Some of these tokens will show that they have a very high value; this is a trick, do not try to sell them. You have not become lucky. No-one gifted you 100s of thousands worth of a token for free.

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TL.DR: Do not interact with tokens you did not buy. Even if they show a high $ value. They will drain your account of funds. No-one is sending you tokens worth a lot of money for free.

- A good tell signal that a contract might be malicious is if the gas fee for approval is significantly higher than for any other token you approved before.

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If you accidentally approved a malicious token, or just want to reject token approvals, you can do so through a number of websites, including Etherscan. Not including a link for security, but feel free to search it up.

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As always, happy trading and stay safe