In recent years, Iran has witnessed a surge in cryptocurrency adoption amid economic sanctions, inflation, and a devaluing rial. While digital assets offer financial freedom, they have also opened the door to a wave of crypto-related scams affecting thousands of Iranians.
Many scams in Iran operate under the guise of investment platforms, cloud mining services, or token launches, promising high returns with minimal risk. These fraudulent schemes often use social media, fake celebrity endorsements, and misleading advertisements to lure victims. Once funds are deposited—usually in Bitcoin or Tether (USDT)—the platforms disappear, leaving users with no way to recover their assets.
One of the most notorious cases involved a Ponzi-style crypto platform that duped investors out of millions of dollars. Authorities have since issued warnings and started cracking down on unauthorized crypto businesses. However, the lack of clear regulations and public awareness makes it easy for scammers to continue their operations. $BTC
The Central Bank of Iran has cautioned citizens against using unlicensed exchanges and is working on launching a national digital currency to provide safer alternatives. Experts urge users to research thoroughly, avoid get-rich-quick schemes, and use only verified exchanges to stay safe in the crypto space.