Exchange platform fraud routine

Common 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

1. 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

2. 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

3. Contract Trading Trap

• Backstage manipulation of K-line trends

• Malicious liquidation (sudden slippage at key points)

• Limit profit order closing positions

4. 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

1. Regulatory red card

• No compliance license

• Registration place is offshore islands (such as Seychelles, Marshall)

• Fuzzy team information

2. Abnormal commitment

• Ensure profits are not lost

• Promotion rewards are too high (such as 50% cashback for invitations)

• Claim "insider news"

3. 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

1. Select the TOP10 exchanges (Binance/Coinbase, etc.)

2. Small test recharge (≤100U)

3. Verify the authenticity of the contract address

4. Reject "principal guaranteed income" project

4. Rights protection tips

1. Save all chat and transfer records

2. Collect platform IP/domain name information

3. Complaints with regulatory agencies such as CySEC and FCA

4. 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!