Crypto Investment Scam – Fake Platforms, Profits, and Withdrawals | ScamPause
Scammers use fake apps and ‘guaranteed returns’ to steal deposits and personal information.
Immediate Answer
If you’re being promised unusually high or guaranteed crypto returns, or a platform won’t let you withdraw without paying fees, this is likely a scam.
How This Scam Works
Scammers advertise investment groups, ‘signals,’ or special platforms. Victims deposit crypto, see ‘profits,’ and are pressured to add more. When they try to withdraw, they’re told to pay taxes, fees, or verification charges—then they lose even more.
Signs This Is a Scam
- Guaranteed returns or pressure to act quickly
- A platform you can’t verify independently
- Requests to move conversations off-platform (WhatsApp/Telegram)
- Withdrawal blocked unless you pay more
- They discourage you from speaking to family or your bank
What To Do Right Now
- Stop sending money or crypto immediately
- Do not pay additional fees to withdraw
- Preserve evidence: URLs, app names, wallet addresses, chats, receipts
- Secure your accounts (email, exchange accounts, banking) and enable MFA
- If you shared identity info, consider freezing credit
If You Already Sent Money or Information
Even if funds can’t be recovered, you can still prevent further harm. Change passwords, secure accounts, and report the scam to relevant platforms. Be cautious of anyone offering guaranteed recovery for a fee.
How To Protect Yourself Going Forward
Use well-known, independently verifiable exchanges. Be skeptical of ‘secret’ opportunities and guaranteed returns. When in doubt, pause and get a second opinion from someone you trust.
You Are Not Alone
Crypto scams are designed to feel professional and convincing. Many smart people have been caught by these tactics.