Bullit Scam: How Fake Crypto Projects Trick Investors and How to Avoid Them

When you hear the name Bullit scam, a deceptive crypto scheme where fake tokens are promoted with false hype, then abandoned after draining investor funds. Also known as pump-and-dump fraud, it’s one of the most common ways new investors lose money in crypto. These scams don’t need complex tech—just a flashy website, a fake team photo, and a viral TikTok or X thread. The goal? Get you to buy in fast before the creators vanish with your cash.

The rug pull, a type of crypto scam where developers suddenly remove liquidity from a token’s trading pool, making it impossible to sell is often the final move in a Bullit scam. You see the price spike, you jump in, and suddenly the token’s value crashes to zero. No warning. No explanation. Just silence. Projects like Hollywood Capital Group WARRIOR (WOR), a token falsely claiming to revolutionize film financing with blockchain, had zero real team, zero partnerships, and a 99.5% price drop. That’s not bad luck—that’s a blueprint. Same goes for NBX (BYN), a DeFi token that peaked at $5 and now trades at $0.0009 with no website, no team, and no future. These aren’t outliers. They’re standard operating procedure for scammers.

What makes the Bullit scam so dangerous is how it mimics real opportunities. Legit airdrops like XCV by XCarnival, a real project with clear eligibility steps and community engagement ask you to join their Discord, use their platform, and stay patient. Scammers ask you to send crypto to a wallet, click a link, or connect your wallet to a sketchy site. If it sounds too good to be true—like a token promising 1000x returns in a week—it is. Real projects don’t need to scream. They build. They deliver. They wait.

You won’t find the Bullit scam on CoinMarketCap’s official listings. You’ll find it in spam DMs, fake YouTube reviews, and Telegram groups where people are paid to hype it. The best defense? Never invest based on hype. Always check the team, the code, the liquidity, and the history. If the project has no GitHub activity, no audit, and no real users, walk away. The crypto space is full of real innovation—but it’s also full of people who want your money more than they want to build something real.

Below, you’ll find real case studies of scams that looked like opportunities, tools to spot fake tokens before you invest, and how to protect yourself from the next Bullit scam before it hits your wallet.