How It Works
Fraudsters set up fake cryptocurrency exchanges or "AI trading bots" promising automated daily profits from crypto trading. Victims deposit real money or crypto into the platform, see fake "growing balances" on a dashboard, but can never actually withdraw the funds.
Real Example
A platform called "InvestGPT" used manipulated media endorsement videos of well-known public figures to promote itself as an AI-powered crypto trading bot, taking deposits from thousands before disappearing.
Red Flags 🚩
- Platform claims an "AI bot" guarantees daily crypto profits
- Dashboard shows growing balance but withdrawals are always "delayed" or "pending"
- Requires you to deposit more to "unlock" a withdrawal
- No clear company registration, physical address, or regulatory license
Protection Steps 🛡️
- Be deeply skeptical of any platform promising guaranteed daily crypto returns.
- Try withdrawing a small amount early to genuinely test the platform.
- Verify the platform's registration and reviews independently, not on its own site.
- Never deposit more money to "unlock" a stuck withdrawal — that confirms it's a scam.