Crypto scams cost Indian investors crores every year. Here are 8 red flags that should make you immediately walk away — before you lose money.
Red Flag 1: Guaranteed returns. No legitimate investment guarantees 20%/month. If they promise fixed returns, it's a Ponzi. Red Flag 2: Anonymous team. Real projects have verifiable founders on LinkedIn. If no team is mentioned, or faces are stock photos — leave immediately.
Red Flag 3: WhatsApp/Telegram investment groups promising crypto tips. These are pump-and-dump operations. By the time you buy, the organizers are selling. Red Flag 4: Fake celebrity endorsements. No real celebrity is endorsing a specific crypto to retail investors.
Red Flag 5: Urgency/FOMO pressure ("only 24 hours left"). Real investments don't evaporate in 24 hours. Red Flag 6: Recovery scam. If you lost money in a crypto scam and someone offers to "recover" it for an upfront fee — this is always a second scam targeting victims.
Red Flag 7: Token listed on no major exchange (only obscure DEX). Red Flag 8: You can't withdraw — "technical issues" or "minimum balance" required. The rule: if it sounds too good to be true in any dimension, it is. Only invest in top-50 coins from established exchanges.
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