Scam Incinerator

Tired of scam tokens clogging your wallet? We turn junk into justice with zero fees, giving you free SOL and bonus rewards for cleaning up your wallet.

[jim @jimistgeil]

It's been a year since @ScamIncinerator launched, and it remains the best way to recover token account rent while making Solana a little less hostile.

Despite collecting more scam tokens over time, the scam recoveries have slowed down due to:
- less memecoin trading activity
- wallets and dexs protecting users better
- scammers using less effective tactics like dropping only dust or frozen tokens

Most importantly, this kind of scam appears to be declining. I'm happy for this trend, and I'd like to think I contributed a little.

What started as a weekend project has so far taken over $60k away from scammers and returned most of it to the victims.

Massive thanks to all the users, @metanallok @StrategicHash @connan_james @deanmachine @itsTaipan @Futargamy @metasal @Ayodejidesigner and all the gigachads at @Titan_Exchange

[Yanman @0xyanman]

Not expecting to get the $858 reward just from using Titan Forge, I used the feature simply because I wanted to burn those scam tokens.

Thanks @Titan_Exchange and @ScamIncinerator

[Scam Incinerator @ScamIncinerator]

quietly we have now returned more than 30k USDC back to victims who lost money to scams

[Rocky Chris | Titan @realRockyChung]

Over half of @Titan_Exchange users have now used Forge to reclaim their rent and fight scams.

Pleased to announce that the community’s contributions have now started to actively protect the entire ecosystem and helping scam victims.

[Rocky Chris | Titan @realRockyChung]

One of the biggest issues with web3 is the proliferation of scam tokens. Just made some updates on @Titan_Exchange's Forge to more accurately identify and burn these while fighting the scammers. Check it out now.

We've already seen our first scam recovery with Forge as well!

[Scam Incinerator @ScamIncinerator]

To avoid accidentally getting rid of valuable tokens, always double check what you are selecting to remove.

If you find a legit token that is misclassified as scam on our site, please let us know (reply/dm/discord msg) and you may be eligible for a bounty.

[cobra @barrett_io]

be careful when using incinerator/rent reclaiming tools

we were investigating the major spike in APY on the ranger vault and discovered that a wallet had burned ~1k with of the vault token via an incinerator

this burn moved price generating a ~300% annualized APY resulting in the spike on APY chart

unsure if user chose tokens to burn or incinerator suggested, be vigilant when interacting with these tools either way

[Scam Incinerator @ScamIncinerator]

@bill_papas_12 @realRockyChung happy to chat 🤝
shoot me or @jimistgeil a dm :)

[Titan @Titan_Exchange]

Introducing Titan Forge

Reclaim SOL rent by closing empty and scam token accounts.

Send scam token balances to Forge and earn scam fighting rewards when funds are recovered, powered by @ScamIncinerator.

Unlock the new Titan Forge badge today!

[Anntech @Ayodejidesigner]

I think one of the most underrated product on solana is @ScamIncinerator.

came across them few months ago when I needed to clean my wallets from loads of scam tokens.

glad they're going to get integrated into titan exchange real soon.

image credit - @gluke0

[Scam Incinerator @ScamIncinerator]

No connection is needed to check token accounts with scam incinerator

[seg @segfaultdoctor]

this is super annoying btw

[Scam Incinerator @ScamIncinerator]

Scam Incinerator has been live for 4 months now. Here are some cumulative stats:

✅ 37.2k token accounts closed with zero fees, netting 75.852 $SOL for users.
✅ $3.8k extra bonus $USDC rewarded to users
✅ $27.3k $USDC returned to scam victims

[jim @jimistgeil]

Recently another trader fell victim to this fake $META

This whale lost $26k+ on this scam, but @ScamIncinerator was able to recover and return $16k of it.

[Scam Incinerator @ScamIncinerator]

Added two new tokens to be BURNED by default when closing their token accounts, to support @BurningJup community:

$BURN
$JUP

You can also join the guild led by community member @StackedCrypto84 with code: T950J6

[jim @jimistgeil]

With the recent rise of $META to the mainstream, scammers have created fake versions. Remember to use @ScamIncinerator to remove them and help other potential victims.

One trader already lost 50 SOL by buying a fake version, so don't make the same mistake.

[Scam Incinerator @ScamIncinerator]

Many tools charge a fee, only visible in fine print. Scam Incinerator is free, have rewards, and make solana safer for all.

@solincinerator 2%-5% fee
@cfs_foundation 15% fee
@RefundYourSOL 15% fee
@claimyoursol 20% fee
@ScamIncinerator 0% fee + airdropped rewards

[Scam Incinerator @ScamIncinerator]

Well, there it is. We launched 3 months ago, and today we hit $10000 USDC returned to scam victims!

[Scam Incinerator @ScamIncinerator]

Scammers are starting to notice us. They are now trying to learn how we work by spamming buys on scam tokens we hold in the recovery vault.

Regardless what they do, we will try to stay one step ahead to maintain a high success rate for recoveries.

[jim @jimistgeil]

Do people appreciate refunds to victim? Or should we just split the entire recovered amount between the user and protocol?

What would futarchy decide if objective function was user satisfaction? Does futarchy even fix this?

[Scam Incinerator @ScamIncinerator]

@whatsallthiss It's valid to ask! Here's a brief overview of the gist:
https://t.co/1M4dl2yBGb

You can find more info in the FAQ on the site

[jim @jimistgeil]

How these scams work:
Scammer mints fake copycat version of token, sets up single-sided liquidity so you can only buy into it, not sell. Airdrops to hundreds of wallets, hoping some poor soul accidentally buys it instead of the real token.

How @ScamIncinerator works:
1. User sends fake token to recovery vault, the tool gives back token account rent in return.
2. Whenever a victim accidentally buys this token from the single-sided liq, the tool uses scam token from recovery vault to sell into the liquidity before the scammer, recovering the quote asset.
3. The tool returns 80% to the victim, rewards 10% to user, and keeps 10%.

Due to the scam economics, the tool can charge 0 fees for rent recovery, and give extra rewards to users on top of it.

[Scam Incinerator @ScamIncinerator]

Someone just bought $2680 of fake $Fartcoin

Luckily we intercepted it and returned $2002 of it back to the victim. They could then buy the real $Fartcoin with it.

The user who enabled the recovery got airdropped a free $267 too.

Find transactions below 👇

[the vault enjoyooor @solfreaky]

I was shocked to find free money in my wallet this morning

why aren't more people using this??