Crypto Scams

Cloud mining allows individuals to mine Bitcoin, without owning or managing the hardware themselves. Instead, users pay to rent mining power from a company that operates and maintains the mining equipment.

Fake crypto wallets are a growing threat in New Zealand’s digital landscape, with scammers creating convincing yet fraudulent apps to steal your assets. If you suspect you’ve been scammed, get help immediately from our cryptocurrency experts

Your phone buzzes, and you read a text from an unfamiliar number. “Hi, is this [not your name]?” You reply, letting them know they’ve got the wrong person. But instead of leaving it there, they’re oddly keen to keep the conversation going. Why? You could be getting drawn into one of the most destructive crypto scams out there—a pig butchering scam.

A crypto pump and dump is a scam where fraudsters artificially inflate the price of a token through misleading promotions, only to sell off their holdings once the price peaks. This causes the token’s value to crash, leaving unsuspecting investors with worthless assets.

If you’ve just joined an online dating site in search of your perfect match, you might want to read this first! Like many Kiwis, millions are searching for love online, but instead of finding romance, some end up heartbroken and out of pocket due to online romance scams.

The cryptocurrency market is seeing significant growth, which has attracted increased interest and participation. Unfortunately, this also brings the risk of fake cryptocurrency exchange scams. These scams often masquerade as legitimate platforms, offering tempting deals or high returns to entice users.

A rug pull is a scam where people are deceived into investing in a fake product. In this scheme, an enticing offer lures investors to put their money, or sometimes Bitcoin and other cryptocurrencies, into a token.

After the investment is made, the developers behind the token disappear, taking the investors’ funds with them and leaving almost no evidence.

Crypto-related Ponzi schemes lure investors with promises of high returns and minimal risk, but they’re nothing more than scams. Instead of generating real profits, fraudsters use funds from new investors to pay earlier ones, creating a false sense of security. Without any real investments backing these returns, the scheme inevitably collapses when new money stops flowing in.