Press Release
Defi Scams – Most Common Scams in the DeFi Space
In the world of Defi, scams are unfortunately all too common. This article looks at popular Defi scams, how they operate, and how to protect yourself.
We’ll also provide tips on what to do if somebody scammed you and how to report a scammer. Finally, we’ll discuss the implications of DeFi scamming and present examples of successful prosecutions.
What Are DeFi Scams, and How Do They Work?
Decentralized Finance (DeFi) is a term that has gained enormous popularity over the years. DeFi is the shift from centralized financial systems to peer-to-peer finance enabled by decentralized technologies built on the Ethereum blockchain.
DeFi promises a more equal and accessible financial system, but it’s still largely unregulated. Lack of regulation has made DeFi a haven for fraudsters, who have plundered millions from unwary consumers.
We can summarize a typical scam in three steps:
- The scammer creates a fake project or impersonates an existing one.
- The scammer promotes the fake project or impersonates the existing one to generate interest and attract users.
- The scammer exits the scam, leaving users with worthless tokens or no access to their funds.
The Most Common Types of DeFi Scams
There are many types of scams in the DeFi sector, but some are more common than others. Let us look into a few of this industry’s most frequent criminal schemes.
Phishing scams
DeFi is not immune to phishing scams. Due to the intricacy of several DeFi protocols, fraudsters have managed to successful target newcomers.
The most common type of phishing scam in the DeFi space is impersonation. This is when a scammer creates a fake website or social media account that looks identical to a legitimate one.
They will then use this fake account to try and trick users into sending them money or personal information. Another common type of DeFi scam is the Ponzi scheme. Instead of investing the money, the fraudster pays out previous investors.
This scam is widespread in the DeFi space, as there are often high returns from investing in new protocols.
Scams Involving Fake or Stolen Identities
One of the most common scams in the Defi space is identity theft. Someone uses your personal information to register a new account or access an existing one.
They may also use your information to apply for credit cards or loans or to make purchases in your name.
Another way that identity theft can occur is when someone steals your private key or recovery phrase. This gives them access to your accounts and allows them to make changes or send funds without your permission.
Pump and Dump Schemes
If you are not new to the field of financial investments, then you must have probably heard about pump-and-dump schemes.
A group conspires to acquire a cryptocurrency at the same moment to drive up its price. Afterward, it sells it when at the peak price after promising a group of traders that this would not happen.
Pumpers make a profit, whereas dumpers lose. Sadly, it’s as simple as that. Pump and dump schemes are not new and have been around for quite some time. They are so common that the U.S. Securities and Exchange Commission has issued an investor alert about them.
Forgery and Counterfeiting of Digital Assets
Unfortunately, not every project in the DeFi world is legitimate and original. Forgery and counterfeiting are rampant, with scammers selling digital assets that don’t exist or aim to look like something else.
This scam generally happens when someone creates a website or social media account that looks identical to a legitimate project. However, the page has slight changes that allow the scammer to redirect funds to their wallet.
For example, a scam on Twitter happened when someone created a fake version of the popular Defi project Uniswap. The account looked identical to the official one, except that it had one letter changed in the URL.
This small change allowed the scammer to siphon over $150,000 worth of Ether (ETH) from unsuspecting users.
Fraudulent Activities Associated with Initial Coin Offerings (ICOs)
Last but not least, ICOs tend to have an association with fraudulent activities. In an ICO, a company offers digital tokens for investors’ fiat currency or cryptocurrency. However, many ICOs are scams, with companies using the funds raised to enrich themselves instead of developing the project.
A severe fraud associated with ICOs is when the team behind the project absconds with the funds. This type of fraud is, technically, an “exit scam.”
In an exit scam, the team often creates a fake project website and whitepaper, promising huge returns to investors. They will then raise money from unsuspecting investors and make off the cash, leaving investors high and dry.
How to Protect Yourself from DeFi Scams
At this point, you will probably be wondering how you can protect yourself from falling into one of these scams. Below are a few tips.
- Do your research: This is the most important thing you can do. When you are looking at a project, make sure to read up on it as much as possible. Look at the team’s backgrounds and the project’s roadmap, and try to find as much information as possible.
- Don’t invest more than you can afford to lose: This general rule applies to all investments, but it is essential in the DeFi space. These projects are still very new, and there is a lot of uncertainty surrounding them. As such, you should only invest an amount you are comfortable losing.
- Beware of social media scams: Social media is a great way to stay up-to-date on all the latest news in the crypto world. However, it is also an excellent way for scammers to reach many people. Be careful about the links you click on and the information you trust.
- Look for projects with KYC and audit certifications: If a project has undergone a KYC (know-your-customer) or audit process, it passed a vetting procedure. This adds an extra security layer and gives you peace of mind. SolidProof, PeckShield, Hacken, and Solidity Finance are popular companies taking care of this aspect.
What to Do If Somebody Scammed You
If you think someone scammed you, there are a few things you can do:
- First, try to resolve the issue with the person or company you believe scammed you. This may be difficult, but it’s always worth a shot.
- Contact your local consumer protection agency if you can’t resolve the issue.
- You can also file a complaint with the Federal Trade Commission (FTC) or the Better Business Bureau (BBB).
- Finally, you can contact a lawyer to discuss your legal options.
How to Report a DeFi Scam
If you think you’ve been the victim of a DeFi scam, consider taking a few actions to report the criminals.
First, report it to the project team or protocol developers if possible. They may help you recover your lost funds or take action to prevent others from being scammed in the future.
You can also report the scam to a crypto exchange or wallet provider. Obviously, this is applicable if you used any of these channels to access the DeFi project. Many of them have fraud departments that can help you get your money back or prevent future scams.
Finally, you can report the scam to law enforcement. This is often a long shot, but it’s worth doing if you’ve lost a significant amount of money.
The Consequences of DeFi Scamming
Besides losing your money, scamming in the DeFi sector has several adverse effects on the industry. For instance, it undermines the trust in decentralized finance protocols and gives scammers free marketing.
When a user falls into a scam, it’s not only the investor who loses money. The whole DeFi industry is negatively affected by it.
Scammed users will likely be more cautious in the future, leading to a decrease in trust in decentralized finance protocols. Using popular DeFi protocols and services, they can reach a larger audience and scam more people. In addition, it gives scammers free marketing.
Examples of Successful DeFi Scam Prosecutions
In recent years, there have been several successful DeFi scam prosecutions. Here are some notable examples:
In 2019, the US Securities and Exchange Commission (SEC) charged a company called EtherDelta with operating an unregistered securities exchange. The Ethereum blockchain-based decentralized exchange EtherDelta enables users to swap ETH and ERC20 tokens.
The SEC alleged that EtherDelta’s founder had illegally profited from the exchange by operating it as an unregistered broker-dealer. Coburn agreed to pay $300,000 in penalties and disgorge nearly $13 million in ill-gotten gains.
In 2020, the CFTC accused My Big Coin Pay, Inc. of running a fraudulent virtual currency operation.
My Big Coin Pay promised investors they could use virtual currency to buy and sell goods and services. However, the CFTC alleged that the company used investor funds to pay for personal expenses, including travel and luxury goods.
The CFTC ordered My Big Coin Pay to pay $6 million and disgorge nearly $360,000 in ill-gotten gains.
These are just a few examples of the many successful DeFi scam prosecutions that have taken place in recent years. These cases show that law enforcement is taking action against DeFi scams. If you have been a victim of a DeFi scam, you should contact a lawyer to discuss your legal options.
The Importance of Verifying Senders and Receivers Before Transferring Funds
One last thing you should consider before transferring funds is verifying both the sender’s and receiver’s addresses. Too many people have fallen victim to scams because they didn’t confirm the address before sending funds.
If you’re not sure how to verify an address, here are a few tips:
- Check if the address is valid on Ethereum’s leading network. You can do this by pasting the address into a block explorer like EtherScan.
- Make sure the address has a balance. If it doesn’t, that could be a sign that it’s not a valid address.
- If you’re sending funds to an exchange, check if the exchange has a page on EtherScan. If it does, compare the addresses to make sure they match.
These are just a few of the many ways you can verify an address. By taking these extra steps, you can help protect yourself from scams.
Bottom Line – Protecting Yourself from DeFi Scams Takes Education and Awareness
The best way to protect yourself from DeFi scams is to educate yourself and stay aware of the latest scams. Understanding how these scams work can help protect yourself and your hard-earned money.
Contact a lawyer to discuss your options if you think you may have been a victim of a DeFi scam. There were case
Press Release
BlockDAG Presale Nears $600M With Alpine F1® Sponsorship as Litecoin & Polygon Approach Critical Q4 Breakout Levels

Crypto markets are entering Q4 with volatility returning, and major altcoins are testing important resistance levels. Litecoin (LTC) has been consolidating strongly above $100, positioning for another push higher, while Polygon (POL) is compressing beneath the $0.28–$0.29 resistance zone.
Both projects carry credible catalysts: Litecoin benefits from a rising network hashrate, while Polygon has its Rio upgrade and token migration almost complete. Yet, the project commanding the most attention is BlockDAG (BDAG). Its presale has already raised more than $415M at a fixed $0.0013 price and secured a global sponsorship with the BWT Alpine Formula 1® Team, placing it among the most impactful presales ever.
Polygon (POL) Price Forecast: Rio Upgrade & Token Migration
Polygon (POL) has traded between $0.24 and $0.29 for months, creating a setup where a breakout could be close. A weekly close above $0.29 would confirm a base breakout, opening initial upside toward the low $0.30s and extending toward $0.35–$0.39 if momentum continues. Failure to reclaim $0.29 keeps the price rotating within its established range.
Two catalysts stand out for Q4. The Rio upgrade, completed on testnet in September, is scheduled for mainnet deployment in October and aims to improve throughput and validator economics. In parallel, the MATIC → POL migration is now 99% complete, reducing supply risks and finalizing the new token economy.

Prediction for Q4: If Rio launches smoothly and POL breaks $0.29 with RSI above 50 and stronger volume, the breakout case strengthens. Otherwise, expect continued sideways trade within $0.24–$0.29.
Litecoin (LTC) Price Prediction: Network Growth Supports Breakout
Litecoin has spent the last several months consolidating between $103 and $125, building a stable base above $100. Key support remains between $103 and $106, with resistance at $125–$135, the level that capped its rallies in June. A weekly close above $125 would confirm bullish continuation, opening the path toward $150–$155, where prior 2024 supply remains.
Network security continues to improve. Hashrate has risen nearly 19% in the past 90 days, reaching multi-year highs. This growth in miner participation supports long-term chain health. Technical signals are constructive as well, with daily RSI neutral and price above the 50- and 100-day EMAs, leaving room for further upside.

Prediction for Q4: If LTC holds $103 and clears $125–$135 with volume support, a rally toward $150 is realistic. If support breaks, a pullback toward $95–$100 may occur before another move higher.
BlockDAG: The Presale Setting New Standards
BlockDAG (BDAG) is changing expectations for presale projects. With more than $415M raised, 26B+ coins sold, and 312,000 holders already onboarded, it is scaling at levels many Layer-1 networks only achieve years after launch. Adoption is visible across both retail and infrastructure: over 3M people mine through the X1 Mobile Miner app, and 20,000 hardware miners have shipped to 130+ countries.
The landmark sponsorship with the BWT Alpine Formula 1® Team elevates BDAG beyond crypto circles, making it the first Layer-1 blockchain to secure a Formula 1® partnership. This places its brand before billions of fans each season, linking it with speed, global culture, and mainstream credibility.

At a fixed presale price of $0.0013, with less than $200M left before the $600M cap, the opportunity is becoming increasingly limited. Analysts highlight that presales often accelerate in final phases, and BDAG’s momentum suggests sellout could come sooner than expected. With long-term speculation pointing to $1, the ROI potential exceeds 62,000%, making BDAG stand out as the best crypto presale of 2025.
Summing Up
Litecoin and Polygon both offer strong Q4 setups. Litecoin’s improving hashrate and supportive structure suggest a path to $150+, while Polygon’s Rio upgrade and POL migration provide catalysts for a breakout above $0.29. Both carry potential, though gains may be measured.
BlockDAG, however, is showing a different trajectory. With over $415M raised, adoption proven through millions of miners, and cultural visibility secured through the BWT Alpine Formula 1® Team partnership, it is positioning itself as the best crypto presale of 2025. At $0.0013, BDAG presents a rare asymmetric opportunity in a market that rewards both adoption and credibility.

Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
Press Release
$STRAYDOG: From Scraps to Steaks… And Now Giving Back to the Pack

Every street has one… the scarred, hungry stray dog that refuses to die. In crypto, that stray is all of us: rugged, scammed, abandoned, yet somehow still here.
That spirit is what gave birth to $STRAYDOG, the meme coin that doesn’t wag its tail for VCs or insiders. StrayDog didn’t start in a polished boardroom with pie charts and buzzwords. It started in the alleyways of Web3 scarred by rugs, hardened by scams and raised on scraps of degen dreams.
The Cleanest Dirty Dog
Most meme coins arrive with presales, hidden wallets, or bloated marketing allocations. StrayDog flipped the script:
🚫 No presale
🚫 No team tokens
🚫 No leash
🚫 No masters
Instead, StrayDog calls itself the cleanest dirty dog … scarred on the outside, pure at the core. A fair launch built on chaos, loyalty, and Pack energy.
Why StrayDog Matters
StrayDog is more than just a coin, it’s a cultural movement for underdogs. Every rug leaves survivors. Every scam leaves fighters. Every broken chart leaves a few more strays still standing.
StrayDog doesn’t beg. It bites.
The project has already drawn attention as one of the cleanest launches of the cycle, with its bundle buyback model fueling liquidity and buy pressure while ensuring the supply stays in community hands. The Pack is built on resilience, loyalty, and a refusal to roll over.
Where the Pack Is Going
The vision is simple: turn scraps into steaks, keep the streets safe, and prove that the underdog always bites hardest.
Unlike kennel coins that rely on polished marketing, StrayDog thrives on chaos and culture. The developers describe it as “the Mad Max of meme coins,” and its roadmap reflects that: grow the Pack, fuel buybacks, and howl so loud the suits can’t ignore it.
The First Step in Giving Back
But StrayDog isn’t just taking over the streets of crypto. It’s also stepping into the real world.
In its first act of giving back, StrayDog has become an annual sponsor of the Cape Coral Soccer Association (CCSA), the largest full-service soccer organization in Southwest Florida, established in 1974.
CCSA is a non-profit dedicated to fostering the physical, mental, and emotional growth of Cape Coral’s youth through the sport of soccer. With over 160,000 residents in Cape Coral, the league provides a safe and structured environment where kids can learn teamwork, resilience, and loyalty… the same values that define the Pack.
⚽ Facilities:
- Cape Coral Sports Complex: 54 acres, 14 athletic fields, concessions, playgrounds.
- Pelican Soccer Complex: 14 acres, 4 oversized fields, playgrounds, concessions, club office.
Over the years, CCSA has hosted major events for the Florida Youth Soccer Association including the State Cup Final Four, Presidents Cup, and the annual Norm Rosen tournaments.
For StrayDog, this sponsorship is symbolic: it’s about teaching the next generation Pack values… loyalty, looking after each other, and never rugging your teammates.
Who Joins the Pack?
Not the suits. Not the polished. Not the ones who need their paws held.
The Pack is made up of survivors.. scarred by rugs, hardened by scams, yet hungrier than ever.
StrayDog doesn’t want fans, it wants family.
In the End
Every dog has its day. This one belongs to the Stray.
🔗 Official Links
🌐 Website: www.straydogcoin.com
🐦 Twitter (X): x.com/StrayDogETH
💬 Telegram: t.me/StrayDogETH
📜 Contract Address (CA): 0xe15Ed6CaD89CB6D71b1f18EfF938C65fBC59B371
Press Release
Earn Over $58,000 Monthly in BTC and XRP from Your Phone? BAY Miner Is Crypto’s New Favorite

From Wall Street to mobile wallets, BAY Miner drives passive income for everyday crypto users
The crypto landscape is evolving rapidly, and one platform is gaining massive attention across Europe and the United States — BAY Miner. With Bitcoin prices holding steady above $118,000 and the surge in demand for daily passive income, BAY Miner has positioned itself as a game-changer.
Why? Because it lets users earn over $58,000 per month directly from their smartphones — no hardware, no tech skills, and no stress.
Say Goodbye to Traditional Mining
Traditional mining is complex, costly, and time-consuming. Most people can’t afford mining rigs, and even fewer can manage the technical setup or stomach rising electricity costs. This has created a gap in the market — and BAY Miner is filling it.
With its cloud-based mobile mining solution, BAY Miner offers users a chance to earn BTC, XRP, ETH, and other digital assets simply by using their phones. The best part? It’s fully automated and requires no equipment whatsoever.
What Makes BAY Miner the Crowd Favorite?
1. True Mobile Mining — No Machines Needed
BAY Miner eliminates the need for expensive mining gear. You only need a smartphone and internet access. Just sign up, pick a plan, and start earning. The system handles the rest.
2. Fast Onboarding with Free Bonuses
Register on the official platform and receive a $15 signup bonus. Log in daily and earn an additional $0.60, just for showing up. It’s a straightforward way to start building your crypto portfolio at no initial cost.
3. Flexible Plans for All Budgets
Whether you’re starting with $100 or going all in with $10,000+, BAY Miner supports short-term and long-term contracts. Contract durations range from 2 to 60 days, with daily profits deposited automatically into your wallet.
4. Daily Payouts — Real Profits
Here’s a snapshot of what users are earning right now:
- $100 / 2 days → $4 daily profit → $108 total
- $600 / 6 days → $7.20 daily → $643.20 total
- $3,000 / 20 days → $39 daily → $3,780 total
- $5,000 / 32 days → $72.50 daily → $7,320 total
- $10,000 / 47 days → $165 daily → $17,755 total
With optimized strategies and reinvestments, many top users are generating $58,000 or more each month — all from the comfort of their phones.
Effortless Income, Secure Technology
The platform is protected by McAfee® and Cloudflare®. This means you can have piece of mind knowing all users are secure. Your account and your earnings are protected 24/7, and it is operated using renewable green energy!
BAY Miner Supports Major Cryptos
Not only does BAY Miner support Bitcoin (BTC) and Ripple (XRP), but it also mines Ethereum (ETH), Dogecoin (DOGE), and Tether (USDT). This multi-currency support ensures users can diversify and stabilize their earnings even when markets fluctuate.
Who Should Use BAY Miner?
This platform is ideal for:
- Beginners looking to enter the crypto space with minimal risk
- Busy professionals who want hands-free passive income
- Retirees seeking new, low-effort income streams
- Crypto investors building long-term digital wealth
- Anyone tired of watching from the sidelines while others profit
How to Start Earning in Minutes
BAY Miner’s setup is incredibly simple:
- Visit www.bayminer.com
- Register your account and claim your $15 welcome bonus
- Download the mobile app (available on all major platforms)
- Select a mining contract (starting from just $100)
- Start earning passive crypto income daily
- Withdraw or reinvest your earnings at any time
- Refer friends and earn additional commission bonuses
The entire process takes less than 3 minutes. No long forms, no KYC delays, and no guesswork.
Why BAY Miner Is Taking Over the Crypto Market
Cloud mining is no longer a concept — it’s the present. As more investors search for low-risk, sustainable income options, platforms like BAY Miner stand out with:
- Zero hardware or maintenance
- Daily profits with real-time tracking
- Low entry barriers and global accessibility
- 24/7 multilingual support in over 180 countries
- A focus on green mining solutions for a sustainable future
Final Thoughts: Your Phone Is Now a Digital Goldmine
The crypto boom is real, and BAY Miner is helping users around the globe turn their smartphones into income-generating assets. Whether you’re chasing long-term gains or short-term profits, BAY Miner offers the ideal platform.
It’s time to ditch the outdated mining methods. Step into the future with BAY Miner — where anyone, anywhere, can earn over $58,000 monthly with just a phone in hand.
Official Website: www.bayminer.com
App Download: https://bayminer.com/xml/index.html#/app
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