Crypto Scams

If you’re asked to send Bitcoin or crypto for investment purposes with the promise of high returns: it’s a scam. 100% of the time.

The following is a non-exhaustive list of companies that have been linked to scam activity that we’ve recently heard of:

Known scams:

If you are reading this list looking for the company you’re working with and haven’t found it, it’s very likely they have simply changed their name to avoid detection, please get in touch and let us know regardless of whether you have suspicions or not and we can help you make an informed decision.

Common traits of scammers:

• They’re overseas (but not always).
• They ask for Bitcoin or cryptocurrency rather than Australian, US or NZ dollars.
• They tell you they’re going to use DCEP for trading (China’s digital currency)
• Request for personal documents.
• Asking for small amounts and then requesting increasingly larger amounts.
• Regular phone calls pressuring you to invest more.
• It’s endorsed by a celebrity.
• Seems too good to be true.