How to Identify Crypto Scams: Red Flags and Warning Signs

Cryptocurrency scams have become increasingly sophisticated, costing victims billions of dollars annually. Understanding the warning signs can help you protect your assets and make informed decisions.

Key Statistic

In 2025, cryptocurrency scams resulted in over $14 billion in losses globally, with romance scams and fake investment platforms being the most common tactics.

Common Types of Crypto Scams

1. Fake Investment Platforms

Scammers create professional-looking websites that mimic legitimate exchanges. They often promise guaranteed returns or exclusive investment opportunities that seem too good to be true.

2. Romance Scams (Pig Butchering)

Criminals build emotional relationships over weeks or months before introducing fake crypto investments. Victims are manipulated into sending increasingly larger amounts.

3. Impersonation Scams

Fraudsters pose as celebrities, influencers, or customer support agents to trick victims into sending cryptocurrency or revealing private keys.

Red Flags to Watch For

Guaranteed returns or promises of risk-free profits
Pressure to act quickly or miss out on an opportunity
Requests to move funds to unfamiliar wallets
Communication only through encrypted messaging apps
Inability to withdraw funds without paying additional fees
Unverifiable team members or company registration
Unsolicited contact about investment opportunities

How to Protect Yourself

Need Help Analyzing a Potential Scam?

If you suspect you have been targeted by a crypto scam, our forensic analysis can help you understand what happened and document evidence for authorities.

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