Crypto Scam: How to Spot Fake Coins, Fake Airdrops, and Scam Exchanges

When you hear about a new crypto scam, a deceptive scheme designed to steal your crypto funds under false pretenses. Also known as rug pull, it’s when developers vanish after raising money from unsuspecting investors. These aren’t theoretical risks—they happen every day. Projects like GoodExchange, a fake crypto exchange with no regulatory records or user reviews and SOLIDINSTAPAY, an unregulated platform with zero transparency or proof of funds are real examples of scams that look legitimate until your money is gone.

Most fake airdrop, a fraudulent claim that you can claim free crypto tokens. Also known as phantom token giveaway, it tricks you into connecting your wallet or paying a "gas fee" follow the same script: a flashy website, fake celebrity endorsements, and urgent deadlines. The SOS Foundation airdrop, a non-existent token giveaway that lures users with false promises and the YOTSUBA crypto, a meme coin that doesn’t exist, built only on a manga character’s name prove that scammers don’t even need real tech—they just need convincing stories. Even legitimate-looking projects like BitOrbit, an IDO that raised $290K but collapsed to a $2,830 market cap show how quickly hype turns to loss.

Scams don’t just hide in airdrops—they live in exchanges too. Platforms like RadioShack Swap, a DEX with shallow liquidity and unclear data or MilkshakeSwap, a nearly dead DEX with zero development and a token that lost 99.99% of its value are risky by design. They don’t always steal directly—they just make it impossible to sell your tokens. And when a coin like Coin Stock, a token claiming to back real stocks with zero regulatory oversight promises impossible returns, it’s not innovation—it’s fraud.

You’ll find posts here that expose exactly how these scams work—the fake websites, the manipulated charts, the stolen social media accounts. Some are dead projects. Others are still active, luring new users. No theory. No guesswork. Just real cases, real data, and real ways to avoid losing your money. What you’re about to read isn’t a warning—it’s a survival guide.