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: