Exchange platform fraud routine
Apr 20, 2025 pm 05:15 PMCommon fraud routines and prevention guidelines for cryptocurrency exchanges. Main types of scams. False exchanges: fake formal platforms, induce recharge and restrict withdrawals. Ponzi Scheme: Promising high returns, paying for old users with new funds, and eventually running away. Contract manipulation: The background tampers with data, maliciously breach the position or prevent profit closing. Investing agency fraud: impersonating an institution to raise funds, issuing fake coins may disappear directly. Identify features: No formal regulatory license to exaggerate returns (such as "stable profits but no losses") Withdrawal delay or rejection of precautions ? Choose top exchanges (such as Binance, Coinbase) ? Test the recharge and withdrawal first ? Reject "guaranteed high returns" project Remember: no pie falls from the sky, super high returns = super high risk!
Cryptocurrency exchange fraud routines are emerging one after another, and investors should be wary of the following common scams:
1. Common types of fraud
False exchange
Cloning the formal platform interface
Forged transaction volume and user reviews
Small withdrawals are allowed in the initial stage to induce large recharge
Ponzi Funding Trading
Commit high fixed income (such as daily interest rate of 1-3%)
Pay early investors with latecomer funds
Usually run away after 3-6 months
Contract Trading Trap
Backstage manipulation of K-line trends
Malicious liquidation (sudden slippage at key points)
Limit profit order closing positions
Investigation fraud
Imitate a private placement in a well-known organization
Forged project cooperation endorsement
Disappear or send fake coins after receiving payment
2. Identify features
Regulatory red card
No compliance license
Registration place is offshore islands (such as Seychelles, Marshall)
Fuzzy team information
Abnormal commitment
Ensure profits are not lost
Promotion rewards are too high (such as 50% cashback for invitations)
Claim "insider news"
Technical abnormalities
Blockchain transaction hash cannot be provided
Withdrawal has not been received for a long time
Contract prices differ greatly from mainstream exchanges
3. Preventive measures
Select the TOP10 exchanges (Binance/Coinbase, etc.)
Small test recharge (≤100U)
Verify the authenticity of the contract address
Reject "principal guaranteed income" project
4. Rights protection tips
Save all chat and transfer records
Collect platform IP/domain name information
Complaints with regulatory agencies such as CySEC and FCA
Exposed to CoinGecko scam list
It is recommended to check the registration status of the platform on the SEC official website before the transaction. When encountering high-yield publicity, remember that there must be a trap behind huge profits.
The above is the detailed content of Exchange platform fraud routine. For more information, please follow other related articles on the PHP Chinese website!

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