According to Justin Sun (@justinsuntron), there is an urgent call for OKX to freeze and investigate funds linked to the illegal takeover of the TronDAO Twitter account, highlighting immediate security risks for traders using the OKX platform. This request raises concerns about potential exposure to scam-related deposits and emphasizes the need for heightened caution when trading TRON or related assets on OKX until the situation is resolved (Source: Justin Sun on Twitter, May 3, 2025).

According to Milk Road (@MilkRoadDaily), a prevalent crypto scam involves scammers sending random tokens to users, and when users attempt to sell these unsolicited tokens, their wallets can be drained due to malicious smart contract interactions. Traders should be cautious and avoid interacting with unknown or suspicious tokens, as this scam has become one of the most common threats to crypto asset safety (source: Milk Road, April 29, 2025).

According to AltcoinGordon on Twitter, Adin Ross publicly criticized the LA Vape Cabal, stating that 'all those crypto kids are nowhere to be found, they stole millions of dollars from innocent people' (source: AltcoinGordon, Twitter, April 29, 2025). This statement draws attention to recent concerns about fraudulent crypto schemes in the Los Angeles area, where alleged project founders have disappeared with investor funds. For traders, this serves as a cautionary signal to conduct rigorous due diligence on new projects, particularly those lacking transparency or verifiable leadership. The incident underscores the ongoing risks associated with investing in unregulated crypto ventures and highlights the need for robust risk management strategies.

According to KookCapitalLLC, a new drainer scam has surfaced where scammers use community notes to mislead and add credibility to fraudulent posts. This tactic is described as brutal and ruthless, posing significant risks to traders and investors in the crypto market. The need for heightened awareness and caution in crypto transactions is emphasized to prevent financial losses. (Source: KookCapitalLLC, Twitter)

According to Phantom, address poisoning is a prevalent crypto scam where scammers create wallet addresses that closely resemble legitimate ones. The intent is to deceive users into sending funds to the scammer's wallet instead of the intended recipient. This tactic underscores the importance of double-checking wallet addresses before making transactions to avoid financial losses.

According to Phantom, a common scam in the cryptocurrency market involves fake NFT airdrops and giveaways, where scammers promise free tokens or NFTs to lure individuals into clicking malicious links. These links, often found in spam NFTs or fake ads, lead to websites that can drain cryptocurrency wallets. This presents a significant risk to traders who may unknowingly fall victim to these scams by engaging with unverified links.

According to ZachXBT, Jason Derulo is allegedly involved in promoting a new cryptocurrency that may be a scam. This raises concerns for traders about the legitimacy of celebrity-endorsed coins. ZachXBT suggests caution in trading any coins linked to Derulo until further information is verified.

According to @bolsaverse, The Economist's latest cover story reveals that the crypto scam industry has grown to a staggering $500 billion annually, providing examples of individuals being defrauded by fake crypto trading websites. This emphasizes the need for traders to exercise extreme caution and conduct thorough due diligence when engaging in cryptocurrency transactions.

According to ZachXBT, he has been actively working with a victim of a cryptocurrency scam. This implies ongoing efforts to address and possibly recover lost funds, which might impact the perception of security and trust within the cryptocurrency community.