As the crypto market rapidly develops, scams also emerge one after another. WEEX has compiled five common types of crypto fraud based on user feedback to help users stay vigilant before investing, reducing 'customer losses' and asset risks.

"The crypto industry is full of scammers", we have all heard this phrase, but is the truth really like that?

In fact, most platforms are compliant licensed exchanges operating normally. The real problems often arise from 'fishing platforms', 'fake projects', or blind spots in users' own understanding.

This article does not speak empty words, but focuses on practical content. The WEEX team has compiled five typical types of crypto scams based on past user complaints, community feedback, and common market fraud patterns - you may not have experienced them, but you must understand them.

Fake platform scams: Rebranding and fishing for you to take the bait.

This type of scam is the most common. You think you are using 'WEEX', but in reality, it is a phishing site registered with a counterfeit domain.

For example, websites like 'weex.xxx' that once appeared on the market are actually unrelated to the officially licensed WEEX. Many users mistakenly trust these phishing platforms, find they cannot withdraw after depositing, and ultimately mislabel the real legitimate platform as 'fraud'.

Airdrop phishing: You want to claim coins, they want to steal your wallet.

"Congratulations, you have won ETH, SOL, ** coin airdrop, click to claim!"

These types of scam links often appear on social platforms, claiming to send airdrops, but actually lure users to connect their wallets, and once authorized, they may have their balances completely stolen.

Investment community scams: Fake teachers, fake trends, real cuts.

"Join a group, the teacher will help you double your investment", "WEEX internal K-line information". Does it sound familiar?

These scammers use WeChat groups, QQ groups, TG groups, impersonating analysts and internal personnel, guiding users to recharge at counterfeit exchanges or 'custom platforms', and ultimately cannot withdraw.

Real exchanges will not privately create groups to pull people for coin recommendations. All operations should be completed through the official website or official app.

False project party runs away: The white paper is grandiose, but the project evaporates overnight.

"5 times in 5 days" "The next PEPE" - such MEME coin promotional phrases can be dazzling, but many are just quick in and out, without any development behind them, or even fake projects using AI-generated avatars.

If users buy these types of coins, once the 'project party runs away', the platform cannot provide compensation. Centralized exchanges like WEEX have a review process for listed coins and support customer service to assist with abnormal transactions, providing a certain level of safety buffer.

"Customer service scam" upgraded version: Impersonating official platform personnel to commit fraud.

Scammers will actively message you: "I am WEEX official customer service, your account is frozen, and you need to cooperate with the operation."

Note that legitimate exchanges will not actively contact users to address issues like 'funds frozen' in any way. WEEX official customer service only has manual support channels within the official website and app and never asks for transfers or private verification codes.

The crypto market is a battlefield of opportunities and risks. We often see search keywords like 'WEEX scam', but many times, it is fake platforms and scam projects using the names of legitimate exchanges to deceive, precisely those invisible, intangible gray traps.

Recognize the official website, be wary of bait, and refuse private chats; this is the most basic safety knowledge for any investor.