Common Crypto Fraud Tactics

Rug Pulls and Fake Tokens

Developers create a new token, hype it up to attract investors, and then abruptly withdraw all liquidity, leaving holders with worthless tokens. Always check smart contract audits and liquidity lock status.

Phishing and Approval Abuse

Malicious dApps request unlimited token approvals or wallet signatures. Once signed, scammers can drain your wallet balance instantly. Never sign approval requests from unverified websites.

Impersonation and Fake Airdrops

Scammers pose as exchange support or project founders offering fake airdrops. They prompt you to enter your seed phrase or connect to a wallet-draining site.