Common Tactics
- Fake Exchanges / Fake Apps
The interface shows numbers constantly rising, but withdrawal is blocked. - High-Yield "Mining/Staking/Arbitrage"
Guaranteed daily returns, stable profits - actually a Ponzi scheme. - Teacher leads coin buying
Group guides you to buy specific coins or enter a designated platform. - Fake customer service / fake wallet
Tricks you into revealing your seed phrase or private key, giving away all your assets. - Pig butchering leading to crypto
After building a relationship, lures you into investing with USDT.
Self-protection before transfer
Never give your seed phrase or private key to anyone – legitimate platforms and customer service will never ask for them. Only use reputable, compliant exchanges, and test with a small amount before withdrawing. Be skeptical of any crypto project that promises guaranteed profits.
What to do if scammed
On-chain transfers are almost irreversible, but you should still: save the transaction hash (TxID) and the recipient’s address, call 165, file a police report, and notify the exchange you used to help flag/freeze the assets. Act as quickly as possible.
❓ FAQ
Someone is asking for my wallet seed phrase. Is it safe?
Absolutely do not give it. Your seed phrase/private key is the key to your assets. Anyone asking for it, including 'official customer service,' is a scammer.
Is it useful to report a crypto scam to the police?
You should still file a report and keep the TxID and the scammer’s address. Although recovery is difficult, reporting and notifying the exchange can help flag suspicious addresses and prevent future victims.