Got rugged by a dev — here’s how it happened & how you can avoid it. 🧵
1/ I hired a dev to help with my token contract. Looked fine at first.
2/ But they left mint authority enabled. After I funded ~$3,600 liquidity, new tokens got minted & dumped. Supply ballooned, trust evaporated.
3/ Blockchain receipts don’t lie — you can see the supply jump & wallet outflows right on-chain.
4/ Lessons learned:
•Revoke mint authority immediately.
•Never trust blindly — verify.
•Audit before liquidity.
5/ Losing money hurt, but the bigger damage was optics. Had to rebrand completely.
⚡ If you’re launching a token:
👉 Audit. Verify. Don’t repeat my mistake.
Stay safe out there.
@waleswoosh@goldmanCreates Preach 🙌
Medium creators deserve the spotlight.
We’re literally building a challenge arena for exactly this — who wants in on a collab? 👀
@CartiTheMenace This is good for transaction fees when you have a utility token like ours. It’s also good when it soars because it means more users. Compete on coinpetitive and win either way 🤷♂️