Crypto Scams

What it is

Crypto scams involve fake cryptocurrency platforms, fraudulent mobile apps, cloned exchanges, or deceptive “investment opportunities” in digital assets. Scammers often use sophisticated websites that imitate real trading platforms and display fabricated account balances or trading results. You may be asked to open an account with a legitimate exchange but then instructed to transfer your cryptocurrency to external wallets controlled by the scammers. Because blockchain transactions are irreversible, once the funds are transferred, they cannot be recovered. Some scams also promise new tokens or “next big opportunities,” which abruptly disappear in classic “rug pulls.”