1. Fake ICOs and Rug Pull Projects

Scam ICOs (Initial Coin Offerings) promise quick profits and disappear after collecting funds. Rug pulls occur when project creators drain liquidity and abandon the project, leaving investors with worthless tokens.

2. Phishing and Fake Wallets

Phishing attacks often mimic popular exchanges or wallets. Links in fake emails or mobile apps can steal your private keys if clicked.

3. Social Media Investment Scams

Fake “experts,” impersonated celebrities, or bots offer guaranteed returns in exchange for your crypto. These scams target beginners most often.

How to Spot a Suspicious Project or Offer

• 🔍 No transparency about the team or project location
• 📈 Promises of “guaranteed profits” or unrealistic ROI
• 🌐 Poor website design, missing whitepaper or roadmap
• ❌ Not listed on reputable exchanges or industry platforms
• 💬 Aggressive promotion and pressure to act fast

How to Protect Your Investments

1. Always verify the project

Check the team’s LinkedIn profiles, read the whitepaper, and use platforms like CoinMarketCap, CoinGecko, and Etherscan for research.

2. Use secure wallets and two-factor authentication

Prefer hardware wallets like Ledger or Trezor, and enable 2FA on all exchanges you use.

3. Don’t trust unsolicited messages

Legit exchanges or crypto experts will never contact you first via Telegram or DM to ask for money.

4. Stay educated and follow trusted sources

Websites like Cointelegraph, CryptoSlate, and our own cryptox24.com are great sources of reliable information.