On this page, we will explain how to respond to scam coins.
Contents
１．What are Scam Tokens
Generally, it refers to unfamiliar tokens that are unilaterally sent to users without their awareness. Particularly, when trading on DeFi, you may receive scam tokens into your wallet addresses. For instance, accessing the website of such tokens and connecting your wallet can result in assets being drained from your wallet.
*Please note that it is up to you to determine whether the received coins are scam tokens or not.
*Unlike scam tokens, coins such as regular airdrops or coins with market value require income recognition. In such cases, please process them as 'BONUS'.
２．Response to Scam Tokens
If you determine that the scam tokens received in your wallet do not need to be recognized as part of your assets, you may choose to ignore them or alternatively, 'Fee only' the relevant transactions from your DeFi trading records. By doing so, they will be excluded from the profit and loss calculations.
Please refer to the following help page for basic usage instructions of DeFi features.
■How to use DeFi (Decentralized Finance) features
Disclaimer
As stated in the Terms of Use, Cryptact is not responsible for the calculated pnl. In addition, the information provided here is only a tentative description and does not take into account individual circumstances. If you have any questions about taxation, please contact your tax advisor.