ComethSwap scam: What happened and how to avoid similar crypto scams

When you hear about the ComethSwap scam, a DeFi project that collapsed after its token lost all value and its team vanished, you’re not just hearing about one bad investment—you’re seeing a textbook rug pull, a type of crypto fraud where developers abandon a project and drain liquidity pools. This isn’t rare. In 2023 alone, over $1.2 billion was stolen through similar schemes, according to blockchain forensic firms like Chainalysis. The DeFi scam, a fraud targeting decentralized finance users through fake exchanges, fake tokens, or manipulated liquidity often looks real at first: slick websites, fake testimonials, and promises of 10x returns. But the truth? No team, no audit, no roadmap—just a smart contract designed to vanish.

What made ComethSwap different wasn’t the idea—it was the execution. It claimed to be a cross-chain swap tool, but never delivered a working product. Its token, COMETH, was listed on small DEXs with zero real trading volume. Then, one day, the liquidity pool was drained. The developers deleted their Twitter, Discord, and GitHub. Investors were left holding a token worth nothing. Sound familiar? That’s the same pattern you’ll see in token fraud, when a project creates a coin with no utility, no team, and no long-term plan. You’ll find it in AMATERAS, AiX, and dozens of other tokens listed here—projects that promise innovation but deliver nothing but empty wallets.

The fix isn’t complicated. Always check: Is there a real team with LinkedIn profiles? Has the code been audited by a known firm like CertiK or PeckShield? Is there real trading volume on Uniswap or PancakeSwap—or just fake bots? If the project’s website looks like a template, and their whitepaper is just a copy-paste job, walk away. Scams don’t need to be clever—they just need to be fast. And they’re everywhere. The posts below cover real cases like Anyswap’s rebranding fallout, HyperPay Futures’ untracked operations, and AMATERAS’ ghost token. Each one teaches you how to spot the signs before it’s too late. You don’t need to be a coder to protect your money. You just need to know what to look for.