Crypto Scams

What to watch out for in the world of crypto

In the growing universe of cryptocurrencies, there are many opportunities—but also many traps, especially crypto scams. This guide explains common scam types, how to recognize them, and what you can do to protect your digital assets.

X4T values your security and will never ask you for your wallet address, personal information, or funds. Our support team will also not contact you unexpectedly to request such information. If you ever receive a message claiming to be from X4T, our team can help you verify whether it is legitimate.

Common scam examples

These examples are provided to help you recognize what fraud can look like:

• “Free crypto” promises in exchange for a deposit, which is then stolen by scammers.
• Ponzi / pyramid-style schemes that promise high returns for early participants and operate at the expense of new recruits. These are very common and often rely heavily on referral/affiliate programs. If it sounds too good to be true, it usually is.
• Requests for your wallet address under the excuse of “helping you” or “verifying your account.”
• Phishing scams using fake websites designed to steal your login credentials.
• Pump-and-dump schemes, where a coin’s price is artificially inflated and then sold off—causing losses for late buyers.

If you have any doubts about a message or transaction, contact our support team immediately. Scammers are increasingly using Telegram as a channel for fraud.

How to protect your digital assets

To stay safe, we strongly recommend that you:

• Research platforms and investment opportunities thoroughly.
• Use only official support channels to confirm identities.
• Use a secure wallet to store crypto, ideally a hardware wallet.
• Handle personal and financial information carefully online.
• Enable Two-Factor Authentication (2FA).
• Keep your device software updated regularly.

Always evaluate the source of any information you receive and rely only on official, trusted channels. Recognizing fraud can be difficult—if you’re unsure, do not take any action and contact support.

Important: Once you withdraw funds from X4T, there is nothing more we can do. After funds are sent to another address, the cryptocurrency is outside our control. We cannot reverse transactions or return funds. We strongly encourage all customers to research carefully before sending funds to another address. It is always recommended to test first with a small amount.

Updated on: 18/12/2025