TrustlessPay is committed to protecting users and educating the public about digital asset risks. We will never reach out first, and we will never ask for your seed phrase, private keys, or recovery phrase. Below you’ll find plain-language explanations of common scams, along with what you should know to stay safe.
Definition: A long-term scam where fraudsters build fake online relationships, often through dating apps or social platforms, and then trick victims into sending funds to fake “investment” accounts.
Definition: Fake websites, pop-ups, emails, or messages designed to look like official platforms but created to steal your login credentials, seed phrase, or financial information.
Definition: Fraudsters pretending to be TrustlessPay staff or partners on social media, chat apps, or email.
Definition: Scams promising guaranteed returns, doubled crypto, or “limited-time” deals that require you to send money quickly.
Definition: Similar to pig-butchering, but with a focus on emotional manipulation. Scammers build false relationships to convince victims to send money or assets.
Definition: Criminals take over your mobile phone number by tricking or bribing telecom staff. Once they control your number, they can reset passwords and access financial accounts.
Definition: Scams that offer free tokens or prizes in exchange for connecting your wallet or sharing your seed phrase.
Definition: Fraudulent crypto wallets or mobile apps that look legitimate but are designed to steal your funds once you import a seed phrase.
Definition: Coordinated efforts to artificially inflate the price of a token or asset, then sell off quickly, leaving late investors with losses.
Definition: A project or token that appears legitimate but suddenly disappears with all investor funds once enough people have invested.
TrustlessPay will never reach out first, and we will never ask for your seed phrase, private keys, or recovery phrase. Protect yourself by staying informed and reporting scams.
