NFT scams are a growing concern in the crypto space. When a platform suddenly halts withdrawals and gives a vague time frame, it often signals an exit scam. Many people may think it's just a "system update" or "technical issue," but in reality, it's likely a tactic to steal funds and avoid legal consequences.
Here are common signs of NFT or other high-return scams:
1. Building Trust – The scam starts by paying a few people to create a sense of legitimacy and attract more investors.
2. Unrealistic Profit Promises – High, guaranteed returns are promised to entice people to invest.
3. Withdrawal Blocked – Once no new investments come in, the platform stops withdrawals.
4. Excuses and Time Frames – They create excuses to keep investors hopeful and prevent them from acting quickly.
5. Disappearance – After collecting enough money, the platform vanishes without a trace.
What you should do:
Always research thoroughly before investing in any platform.
Be cautious if someone promises "guaranteed high profits."
Stick to well-known, reputable platforms, and avoid new, unverified companies.
If a platform halts withdrawals and offers excuses, your money is likely lost—consider legal action.
It's safer to invest on established exchanges like Binance, which offer transparency and security.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.