Not all OTC desks are scams. But the fake ones? They're everywhere.

Here’s how they operate, and why so many people fall for it.

Step 1: The "Broker" Appears

They DM you on Telegram, WhatsApp, even LinkedIn.

“We work with high-net clients. Access to deep liquidity. Better rates than Binance.”



They’re polite. Professional. Often say they “work with traders from [insert legit exchange name].”


Step 2: The Bait

They offer above-market prices:

“I’ll give you $1.04 per USDT, and settle in cash.”

“No slippage, fast turnaround.”


They'll send fake screenshots of past deals, often using edited Binance UI or fake bank slips.


Step 3: The Proof Phase

They’ll ask for a small test amount first—usually under $500.

They may even send back funds once or twice, just to build trust.

This is the “soft hook.” Once you bite, they go in for the kill.

Step 4: The Big Ask

You’re confident now.

They suggest doing $5k… or $50k.

Once you send it? They vanish. No confirmations. No refunds. Just silence.

"Above market rate" is always a red flag
Telegram-only contact
Refusal to verify on-chain or via escrow
Repeated urgency: “we need to lock this now”

Fake OTC desks aren’t just scams. They’re behavioral traps.

They mimic trust, professionalism, and liquidity.

But behind the curtain? It’s all illusion.

Redhold Intel logs patterns like these—so you don’t learn the hard way.

#OTC #scam $BTC