The market is stressful enough—don’t hand your money over to scammers too.
These are some of the phrases to be especially wary of right now:
“There’s an arbitrage opportunity on the platform. Follow my lead and you’re guaranteed to profit.”
“Your account is at risk. Transfer your funds to a safe address right away.”
“The compensation claim portal is open. Connect your wallet to claim your payout.”
“Pay a security deposit first, and I’ll help restore your withdrawals.”
If anyone pressures you to act using lines like these, stop. Don’t let panic make you transfer your money with your own hands.
Be especially wary of “arbitrage.” Seeing different prices on two exchanges in a screenshot doesn’t mean you can actually make that profit. If deposits and withdrawals are paused, you may not be able to move your coins at all. And even if both exchanges have funds available, you still need to account for fees, slippage, and funds tied up in the process.
Even if there really is a price difference, that doesn’t mean sending money to a stranger’s address will let them make a profit for you. No matter how convincing their explanation sounds, if it ends with “just transfer the money to me first,” don’t go along with it.
Be careful with links for “compensation claims,” “asset migration,” or “security verification,” too. A platform’s promise to cover losses doesn’t mean a claim page sent in a private message is genuine. A profile picture, username, or screenshot of an announcement can’t prove someone is official.
Here’s what I recommend:
• If someone sends you a notice, open the official app yourself and look for the announcement or contact customer support. Don’t use a link they provide.
• Don’t transfer money for verification, pay an “unlocking fee,” or move assets to a so-called safe account just because someone asked you to in a private message.
• Never give your recovery phrase, private key, or login verification code to anyone claiming to be customer support.
• Don’t casually click through when an unfamiliar page asks you to connect your wallet, sign a message, or grant authorization. The absence of a direct transfer doesn’t mean your assets can’t be accessed.
“Limited spots,” “closing soon,” “act now or it’ll be too late”—the more urgently they pressure you, the more you should slow down.
Miss out on a so-called arbitrage opportunity, and your money is still yours. Make one wrong transfer, and getting it back can be difficult.
Have you recently received private messages offering to “help you arbitrage” or “claim compensation”? Feel free to share the tactics they use, but don’t post any scam links.
$BTC $ETH $BNB
These are some of the phrases to be especially wary of right now:
“There’s an arbitrage opportunity on the platform. Follow my lead and you’re guaranteed to profit.”
“Your account is at risk. Transfer your funds to a safe address right away.”
“The compensation claim portal is open. Connect your wallet to claim your payout.”
“Pay a security deposit first, and I’ll help restore your withdrawals.”
If anyone pressures you to act using lines like these, stop. Don’t let panic make you transfer your money with your own hands.
Be especially wary of “arbitrage.” Seeing different prices on two exchanges in a screenshot doesn’t mean you can actually make that profit. If deposits and withdrawals are paused, you may not be able to move your coins at all. And even if both exchanges have funds available, you still need to account for fees, slippage, and funds tied up in the process.
Even if there really is a price difference, that doesn’t mean sending money to a stranger’s address will let them make a profit for you. No matter how convincing their explanation sounds, if it ends with “just transfer the money to me first,” don’t go along with it.
Be careful with links for “compensation claims,” “asset migration,” or “security verification,” too. A platform’s promise to cover losses doesn’t mean a claim page sent in a private message is genuine. A profile picture, username, or screenshot of an announcement can’t prove someone is official.
Here’s what I recommend:
• If someone sends you a notice, open the official app yourself and look for the announcement or contact customer support. Don’t use a link they provide.
• Don’t transfer money for verification, pay an “unlocking fee,” or move assets to a so-called safe account just because someone asked you to in a private message.
• Never give your recovery phrase, private key, or login verification code to anyone claiming to be customer support.
• Don’t casually click through when an unfamiliar page asks you to connect your wallet, sign a message, or grant authorization. The absence of a direct transfer doesn’t mean your assets can’t be accessed.
“Limited spots,” “closing soon,” “act now or it’ll be too late”—the more urgently they pressure you, the more you should slow down.
Miss out on a so-called arbitrage opportunity, and your money is still yours. Make one wrong transfer, and getting it back can be difficult.
Have you recently received private messages offering to “help you arbitrage” or “claim compensation”? Feel free to share the tactics they use, but don’t post any scam links.
$BTC $ETH $BNB
