MONEY GLOBE XCrypto Networks & Stablecoins · Lesson 6
Scams and traps
Fake tokens, poisoned addresses and broken pegs
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In this lesson
Recognise the most common stablecoin and network traps, and understand that a stablecoin can briefly lose its peg.
Key takeaways
- Token names can be faked — the issuer's contract address identifies the real USDT or USDC.
- Address poisoning: never copy an address from old transfers; use the real source.
- Bridges and wrapped tokens add risk — bridges have been hacked.
- Stablecoins can briefly lose their peg: USDC fell to about $0.87 in March 2023 and recovered within days.
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Next lesson: Volatility-based position sizing
Educational information only - not financial advice.