Crypto Scam Warning: How to Spot and Avoid Common Crypto Frauds

When you hear about a crypto scam warning, a red flag raised to protect people from fraudulent cryptocurrency schemes. Also known as crypto fraud, it’s not just about losing money—it’s about losing trust in a space that’s supposed to be open and fair. Every year, billions in crypto vanish because people didn’t know how to spot a fake. You’re not alone if you’ve seen a tweet promising free tokens, a Discord group pushing a new coin with no team, or a website claiming to be a legit exchange but asking for your seed phrase. These aren’t mistakes. They’re designed to trick you.

Fake airdrop, a fraudulent token distribution used to harvest private keys or collect personal data is one of the most common tricks. Projects like LESS Network and XREATORS don’t exist—yet people still rush to claim their "free" tokens because the website looks real. Then they lose everything. Rug pull, when developers abandon a project and drain all liquidity, leaving investors with worthless tokens happens all the time, especially with meme coins like Poodl Inu or Pek. These aren’t risky bets—they’re traps with fake whitepapers and no code audit. And then there’s fake crypto coin, a token with no blockchain, no team, and no exchange listings, created only to drain wallets. XREATORS (ORT) is one example. It’s not a coin. It’s a digital ghost.

Scammers don’t need to be smart. They just need you to be in a hurry. They use FOMO, fake testimonials, and cloned websites to make you act before you think. You don’t need to be a tech expert to avoid them. You just need to ask: Is there a real team? Is this on a major exchange? Does the project have public code? If the answer to any of those is no, walk away. The crypto space has real innovation—DeFi, staking, Layer 2s—but it’s also full of predators. The best defense isn’t a tool. It’s skepticism. The posts below show you exactly how these scams work, which ones are active right now, and how to protect yourself before it’s too late.