Scam Report is a dedicated website where users can report online frauds they encounter. Our mission is to help combat scams and protect users from these activities.
Report Contact usScam Report is a dedicated website where users can report online frauds they encounter. Our mission is to help combat scams and protect users from these activities.
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Storytime User A received a text message from their exchange asking them to download the latest wallet. This prompted him to search for “xx wallet official”, and clicking the first link displayed. They then proceeded to download the application, create a wallet, and transfer some funds over to the newly created account. User A received a confirmation that the transfer was successful, but the funds were then drained from his new wallet. This cost user A to lose close to $10 million in USDT. They eventually learned the application was a fake and that he had fallen victim to a phishing scam.
Phishing scams have been around for some time but are still popular. Scammers send emails with malicious links to a fake website to gather personal details, such as cryptocurrency wallet key information. Unlike passwords, users only get one unique private key to digital wallets. But if a private key is stolen, it is troublesome to change this key. Each key is unique to a wallet; so, to update this key, the person needs to create a new wallet.
Scammers might lure investors in with promises of a great cryptocurrency exchange -- maybe even some additional bitcoin. But in reality, there is no exchange and the investor does not know it's fake until after they lose their deposit.
Rug pull scams involve investment scammers "pumping up" a new project, non-fungible token (NFT) or coin to get funding. After the scammers get the money, they disappear with it. The coding for these investments prevents people from selling the bitcoin after purchase, so investors are left with a valueless investment.
We are a dedicated platform focused on raising awareness and combating crypto scams. Our mission is to empower the crypto community by providing a safe space for individuals to report fraudulent activities. Not only do we help users identify and report scams, but we also work to assist in recovering lost funds whenever possible. By sharing information and experiences, we aim to protect users from falling victim to fraud and contribute to building a safer, more transparent digital financial ecosystem. Together, we can create a more secure environment for everyone in the crypto world.
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QuadrigaCX was a Canadian cryptocurrency exchange founded by Gerald “Gerry” Cotten in 2013. By 2017, the company had amassed over 350,000 customers. Cotten had harnessed all of the private keys to users’ wallets, which allowed him to transfer almost $200 million to other exchanges and support his high-end lifestyle. Over a hundred thousand customers were left without a way to withdraw their funds. It was later revealed that Cotten had taken all of the funds for himself and used QuadrigaCX as a Ponzi scheme.
OneCoin was the cryptocurrency that seemed too good to be true… and unfortunately, it was. This Ponzi scheme was masterminded by none other than the infamous “Cryptoqueen” Ruja Ignatova, a Bulgarian entrepreneur who promised investors the moon and the stars. But the real story behind OneCoin is like something out of a Hollywood thriller. After swindling investors out of a mind-boggling $4 billion, Ignatova vanished into thin air in 2017, leaving behind a wake of angry investors and a whole lot of unanswered questions.
BitConnect was the talk of the town — a lending and exchange platform that promised big returns, all powered by their very own BitConnect Coin. With its charismatic founder Satish Kumbhan leading the charge, it was no surprise that BitConnect was generating a lot of buzz. The hype reached new heights in 2018 when an investor named Carlos Matos became a viral sensation for his over-the-top performance at a BitConnect event, where he couldn’t stop raving about the platform. But little did he know, the party was about to come crashing down.