Crypto Investment Scams

What is this scam?

How it works

• •Contact via social media, dating apps, or investment webinars.
• •Small initial withdrawals build trust before larger deposits.
• •Fake dashboards show profits to encourage more transfers.
• •“Tax” or “verification” fees are demanded when withdrawing.

Warning signs

• •Guaranteed or risk-free return claims
• •Pressure to move from regulated platforms to unknown apps
• •Coaching via WhatsApp or Telegram only
• •Unlicensed platforms with no clear legal entity
• •Romantic interest who pivots to crypto tips

What to do

• •Stop sending further funds immediately.
• •Report to police, financial regulators, and platform abuse teams.
• •Preserve chat logs, wallet addresses, and transaction hashes.
• •Understand recovery is often unlikely—beware “recovery scams” that ask for more money.
• •Research new platforms with Fraudly and official regulator warnings.

Safety checklist

• •Treat crypto like high-risk investment—not guaranteed income
• •Use regulated exchanges in your jurisdiction
• •Reject remote “account managers” you did not hire
• •Verify investment site URLs with Fraudly
• •Discuss large transfers with independent advisers

Frequently asked questions

They showed me celebrity endorsements—proof?

Deepfakes and stolen ads are common. Verify with official regulator alerts, not chat screenshots.

Can Fraudly recover crypto?

No. Fraudly provides website trust signals only—not fund recovery.

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