FeeEyeFive Common Crypto Scams and Their Red Flags
Recognize fake platforms, support impersonation, relationship scams, pump-and-dumps, and recovery fraud.
After this guide, you should be able to:
- Identify fake returns and withdrawal screens
- Know what to do after an unsolicited message
- Stop further loss after suspected fraud
Five common patterns
- Fake investment platform: shows invented profits and demands tax or unlock fees.
- Relationship grooming: builds trust, then directs crypto to a controlled address.
- Fake support and phishing: impersonated domains, messages, QR codes, or remote help.
- Pump and dump: coordinated hype in a thin market leaves late buyers exposed.
- Recovery fraud: promises to recover losses for an upfront fee or private key.
Stop on any of these signals
- Type a verified official domain instead of using a message link.
- One successful small withdrawal does not prove legitimacy.
- Never give a recovery phrase to an investigator, hacker, lawyer, or support agent.
Stop and check: Guaranteed returns, secrecy, moving chats off-platform, requests for a recovery phrase, or paying more to withdraw are each enough to stop.
If fraud is suspected
- Stop transfers and arguments
- Preserve URLs, addresses, transaction hashes, and messages
- Contact the platform through an official channel
- Change related passwords and revoke suspicious approvals
- Report through local law-enforcement or regulatory channels
- Reject fee-first recovery services
Use knowledge for a check, not an impulse trade
Check token contract risk flags
Three-question self-check
1. What does an extra tax before withdrawal signal?
A classic advance-fee red flag; stop paying.
2. Can support ask for a recovery phrase?
No. Anyone with it may control the associated assets.
3. Does one small withdrawal prove legitimacy?
No. Scammers use it to build trust.
Primary sources
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