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Crypto and Web3 scams exploit the speed, irreversibility and complexity of on-chain transactions. Rug pulls, wallet-draining approvals, fake airdrops, seed-phrase phishing and bogus staking or presale schemes can empty a wallet in seconds. Because confirmed transactions usually can't be reversed, prevention is everything — never share a seed phrase, scrutinise every approval, and treat 'recovery services' that contact you afterwards as a second scam.
Developers launch a token or NFT project, attract investor funds, then abandon it and vanish with the liquidity.
Malicious smart contracts trick you into signing a transaction that transfers all your tokens and NFTs to a scammer.
Fraudulent token distribution announcements that lead to phishing sites or wallet-draining approval requests.
Fraudulent NFT collections take mint payments and deliver nothing, or use fake mints to drain wallets.
Platforms promising unrealistically high staking or yield returns that are either exit scams or Ponzi schemes.
Scammers send tiny transactions from addresses that look identical to your regular contacts, hoping you will copy the wrong address for future transfers.
Scammers use fake support, fake wallets, or alarming prompts to trick you into revealing your wallet's recovery phrase.
Fake celebrity or exchange giveaways that promise to double your crypto if you send it first — and keep everything sent.
Imposters posing as exchange customer support trick you into revealing credentials, seed phrases, or approving withdrawals.
Fake DeFi protocols promise high yields for providing liquidity, then drain your wallet when you connect and approve.
Fraudulent token launches collect presale funds then abandon the project, leaving investors with worthless or non-existent tokens.
Coordinated groups artificially inflate a low-value token's price, then dump their holdings on retail buyers who bought in during the hype.
Counterfeit or tampered hardware wallets — or phishing via fake manufacturer sites — that steal seed phrases and drain funds.
Fraudulent tools that ask you to connect your wallets or enter your seed phrase under the guise of calculating your crypto tax liability.
Malware that silently replaces a cryptocurrency address you have copied with the attacker's address, redirecting your transfer.
Fraudulent job offers in the crypto industry that steal funds, harvest credentials, or install malware through the hiring process.
Fraudulent hardware sales or cloud mining contracts that collect payment for mining equipment or capacity that is never delivered or does not generate the promised returns.
Platforms claiming to let you automatically mirror the trades of expert crypto traders, where the 'expert' returns and the platform itself are entirely fabricated.
Fraudulent services targeting people who have already lost money in crypto scams, promising to trace and recover funds in exchange for upfront fees.
Phishing sites mimicking DeFi protocols or wallet interfaces that steal connected wallet funds through malicious contract approvals during 'flash loan' or yield interactions.
Fake yield farming platforms advertise impossibly high annual percentage yields to attract deposits, then prevent withdrawals until victims have deposited substantially more funds.
Fraudulent NFT projects that use a celebrity's name, image, or fabricated endorsement to attract buyers to a mint that either delivers worthless tokens or drains wallets.
Fraudulent accounts impersonating major cryptocurrency exchanges or wallets announce giveaways requiring users to send crypto first to receive double back — and keep everything sent.
Fraudulent cross-chain bridge sites mimic legitimate bridging protocols to drain wallets the moment a user approves a transaction.
Scammers build romantic or friendly relationships online before introducing a supposedly exclusive crypto mining pool that generates consistent returns until the victim tries to withdraw.
Fraudulent airdrop sites mimic real token distributions to trick users into approving wallet-draining transactions or submitting seed phrases to claim non-existent tokens.
Bots and bad actors exploit Ethereum's transaction ordering to front-run and back-run user trades, extracting value by sandwiching legitimate swaps and delivering worse prices than expected.
Attackers exploit weaknesses in DeFi price oracles to manipulate the prices that smart contracts rely on, enabling theft from lending protocols, synthetic assets, and prediction markets.
Attackers trick users into signing off-chain permission messages that authorise a malicious contract to spend or transfer their tokens — without any transaction gas or obvious on-chain action.
Attackers send tiny amounts of cryptocurrency to target wallets to link pseudonymous addresses to real identities, enabling targeted phishing, extortion, or further wallet attacks.
Attackers accumulate or flash-loan governance tokens to pass malicious proposals that drain a protocol's treasury, alter fee structures, or mint new tokens to an attacker-controlled wallet.
Scammers running impersonation, tech-support, or romance cons steer victims to feed cash into a Bitcoin ATM and scan a QR code — sending an instant, irreversible payment straight to the fraudster's wallet.
Fake liquid-staking and restaking platforms, look-alike protocol clones, and "points" or airdrop-farming sites promise outsized restaked yields — then drain a wallet the moment it connects and approves a token spend.
A crypto token whose smart contract quietly lets you buy but blocks you from selling — for everyone except the insiders. The chart soars because no holder can take profit, and once enough victims are trapped the insiders drain the liquidity and vanish.
Scammers ride real headlines about spot bitcoin and crypto ETFs, offering "early access", "pre-listing allocations", or "tokenised ETF shares" through cloned broker sites, ads, and messaging groups — and take deposits into fake platforms that never held any ETF at all.
To subscribe to my monthly email newsletter, you have to enter your information on the webpage, and then reply to an automatically generated email. This is, of course, to prevent people from subscribing addresses other than their own. Starting last weekend, I have been receiving a lot of individual responses to those emails. Always one line: Thank you for the positive impact your emails have had on my life. Your emails are a game-changer. Your emails are a constant reminder of why I subscribed.…
vulners.com · Sep 1, 2026
Daejon Love and Taylor Jamie Chan were recently arrested by the FBI and charged with conspiracy to commit wire fraud and wire fraud in regard to an alleged extensive romance-investment scam that officials say scammed 26 women in California, Idaho, Washington and Oregon out of approximately $1.3 …
forbes.com · Sep 1, 2026
Rs 25-Crore Crypto Scam: Tamil Nadu Man Dies By Suicide After Investors Demand Repayment Trouble emerged when investors began facing difficulties withdrawing their money, with some allegedly being asked to make further payments. Got Question about the News? A 25-year-old man in Tamil Nadu allegedly died by suicide after coming under intense pressure from people he had persuaded to invest money in a scheme linked to a suspected multi-level marketing and cryptocurrency investment fraud. The decea…
news18.com · Sep 1, 2026
The US government continues to drag its feet on any meaningful cryptocurrency regulations, even as the industry remains overrun by fraud, theft, and money laundering schemes. The digital tokens are being used for human trafficking, extortion, and for-hire harassment. The extent of some of these crimes is astonishing. Look no further than Nevada, where the state’s US Attorney’s Office alleged this week that Las Vegas native crypto bro Brent Kovar had fraudulently obtained $24 million from his vi…
futurism.com · Aug 30, 2026
SINGAPORE, Aug. 27, 2026 (GLOBE NEWSWIRE) -- TRM Labs (TRM), the company building AI-first solutions to disrupt criminal networks, counter national security threats, and support compliant financial institutions, has appointed Ziqing Ang as Head of Policy, APAC. In this role, Ang will work with regulators, policymakers, law enforcement agencies, and private institutions across Asia-Pacific to advance efforts against illicit networks and to strengthen the region's collective response to emerging …
globenewswire.com · Aug 27, 2026
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