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
Blockchain Life 2025 in Dubai: World Crypto Leaders Gather for the 15th Anniversary Forum Featuring Akon’s Exclusive Performance

The 15th Anniversary Blockchain Life Forum — one of the world’s largest events dedicated to cryptocurrencies, Web3, and mining — will take place on October 28–29, 2025, in Dubai.
More than 15,000 attendees from over 130 countries are expected, including entrepreneurs, investors, traders, and top blockchain companies.
Leading Figures from Across the Industry
The forum will feature key figures shaping the the global crypto market:
- Reeve Collins — Co-Founder of Tether & Chairman of ReserveOne
- Rajat Sakhuja — Director of Blockchain and Digital Assets at Mastercard
- Justin Sun — Founder of TRON & Advisor at HTX
- Alice Liu — Research Lead at CoinMarketCap
- Omar Elassar — Managing Director at Animoca Brands
- Eowyn Chen — CEO at Trust Wallet
- Andrei Grachev — Managing Partner at DWF Labs
- Kostas Chalkias — Co-Founder & Chief Cryptographer at Mysten Labs (Sui)
- Sergej Kunz — Co-Founder of 1inch
- Sergei Khitrov — Founder of Listing.Help & Jets.Capital
- Luke Judges — Partnerships Director at Ripple
- Akshay Dalal — Head of Risk and Compliance at Google Cloud
- Damu Winston — Head of Web3 Innovation and Digital Products at Amazon
- Alicia Kao — Managing Director at KuCoin
- Lennix Lai — Chief Commercial Officer at OKX
- Charles d’Haussy — CEO at dYdX
- Yosuke Yoshida — Co-CEO at EMURGO
- and many others.
Over 200 speakers will deliver insights into the upcoming Bull Run, DeFi expansion, RWA tokenization, and regulatory developments.
The Largest Industry Expo
The expo zone will feature more than 200 booths from top industry players, including OKX, Bybit, KuCoin, HTX, Bitget, BingX, Ledger, Tron, Trust Wallet, MEXC, Bitmain, Canaan, and Uminers, showcasing the most advanced blockchain solutions and Web3 technologies.
Official AfterParty with Akon and Blockchain Life Week
The event will culminate with the official all-inclusive AfterParty at Soho Garden DXB, headlined by global superstar Akon, performing live hits such as “Smack That” and “Right Now (Na Na Na)”.
Traditionally, the celebration continues throughout Blockchain Life Week — a series of side events, including yacht meetups, side events, and VIP gatherings uniting the global crypto community across Dubai.
Purchase tickets now with 10% off using promo code zexpr at blockchain-life.com
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
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