Crypto Exit Scam: How to Spot and Avoid Fake Crypto Projects

When a crypto exit scam, a fraudulent scheme where developers abandon a project and steal investors’ funds. Also known as a rug pull, it’s one of the most common ways people lose money in crypto. It doesn’t happen because the market crashed. It happens because someone built a fake project, got you to buy in, then vanished with your cash.

These scams aren’t rare. Look at xMOON, a token with no team, no utility, and an 89% price crash, or Burnsdefi (BURNS), a nearly dead coin with zero trading volume and no community. Both were sold as investments. Neither had any real purpose. The same pattern shows up in SLEX Token, a token locked inside a useless exchange with no outside liquidity, and EtherPOS (ETPOS), a BEP-20 token with conflicting data and no real use case. These aren’t market failures. They’re designed to fail — and they’re built to steal.

Exit scams thrive where there’s no oversight. That’s why platforms like BitAsset, a crypto derivatives exchange with no licenses, no security proof, and withdrawal complaints are red flags. If you can’t verify who runs it, if you can’t find real trading data, if support never replies — that’s not a platform. That’s a trap waiting for your deposit. The same goes for tokens tied to obscure apps like Wibegram (WIBE), a privacy messaging token with near-zero trading volume, or EchoLeaks (ECHO), an AI trading token with no team and no documentation. Low price doesn’t mean low risk. It often means the opposite.

These scams don’t need fancy tech. They just need hype, fake volume, and a quick exit. You’ll see influencers pushing tokens with no whitepaper. You’ll see trading bots inflating volume on decentralized exchanges. You’ll see teams disappear after the token list. And when you try to sell? Slippage spikes. Liquidity dries up. Your money’s gone.

This collection isn’t about theory. It’s about real cases. You’ll find breakdowns of tokens that vanished, exchanges that disappeared, and the patterns that always repeat. No guesswork. No fluff. Just what to look for — and how to walk away before it’s too late.