Crypto investment scam
Quick answer
A scammer promises high, low-risk returns through a fake crypto platform or 'expert' to take your money.
- Stop depositing and check whether the platform is properly regulated.
What it is
A scammer promises high, low-risk returns through a fake crypto platform or 'expert' to take your money.
How it works
A platform or contact shows fake profits, encourages bigger deposits, then blocks withdrawals or demands fees to release funds.
Red flags to watch for
- Guaranteed or unusually high returns
- Pressure to invest more
- Withdrawal blocked unless you pay a fee
- Unregulated platform
Example
A platform shows growing profits and asks for a fee before you can withdraw. This is risky because the profits are fake and the fee is another way to take money.
What not to do
- Do not deposit more to withdraw
- Do not pay 'release' fees
The safe next step
Stop depositing and check whether the platform is properly regulated.
Often seen on: Telegram, WhatsApp, Instagram, Dating apps.
Commonly targets: New investors.
How to verify safely
- Do not use links, phone numbers, QR codes, or email addresses from the suspicious message.
- Open the official app or website yourself - type the address manually.
- Call a contact you have saved, or the number printed on your bank card.
- If you are threatened or in immediate danger, contact local emergency services or police.
How to report it
Report to your financial regulator and national fraud authority.
Find official links for your country in the scam reporting directory.
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Frequently asked questions
What is a crypto investment scam?
A scammer promises high, low-risk returns through a fake crypto platform or 'expert' to take your money.
How can I avoid a crypto investment scam?
Stop depositing and check whether the platform is properly regulated.
What should I do if I have already been affected?
Contact your bank or the relevant provider through official channels, change any exposed passwords from a trusted device, and save evidence. See our recovery guides, and be wary of recovery scams that promise to get your money back for a fee.