Binance’s public scam guidance is blunt because the losses are: blockchain transfers rarely reverse. Before you deposit anywhere that promises high returns, they urge scepticism and your own checks — not vibes from a group chat.
The tells they and similar alerts keep listing are familiar. Unrealistic return on investment (ROI) promises. Huge “member counts” padded with bots. Friends who forward opportunities that still need independent verification. Claims of partnerships with household brands that vanish when you open the brand’s own site. The social playbook often runs Facebook or Instagram ads into WhatsApp or Telegram rooms full of cheering accounts, then a custom app where you click tasks to “earn” USDT you cannot withdraw until you buy VIP status or recruit others — classic pyramid choreography with a crypto costume.
Do your own research means reading contracts, licences and withdrawal rules before the first transfer, not after the balance is painted green. If exit needs one more payment, you already have your answer.
If this pattern matches something you’ve been offered, start at Get help. If someone is already pitching “recovery”, read Fake recovery before you pay another fee.
This article is for general information only. It is not legal or financial advice. Details change. If you have lost money, contact your bank or card issuer and use the routes on the help pages.