Adzcoin Scam: How to Spot Fake Crypto Projects and Avoid Losing Money

When you hear about Adzcoin, a fraudulent cryptocurrency project that promised high returns but vanished with users’ funds. Also known as AdzCoin, it’s a textbook example of how scammers use hype, fake websites, and false testimonials to trick people into investing in worthless tokens. This isn’t an isolated case. Every week, new crypto scams pop up—fake airdrops, phantom exchanges, and meme coins with no code, no team, and no future. The goal? Get you to send crypto to a wallet that’s controlled by criminals, then disappear.

These scams follow the same playbook. First, they create a flashy website with buzzwords like "revolutionary," "limited supply," or "exclusive access." Then they flood social media with bots pretending to be happy investors. Some even hire actors to do fake YouTube reviews. The moment you send funds, the site goes dark, the Telegram group vanishes, and your money is gone forever. Crypto fraud, the act of deceiving people into sending digital assets under false pretenses. Also known as rug pull, it’s one of the most common ways people lose money in crypto. Projects like BITKER, a fake exchange that stole over $1.2 million before shutting down and LocalCoin DEX, a cloned name used by scammers to mimic real decentralized exchanges follow the same pattern. They don’t need to build anything. They just need you to believe.

So how do you avoid becoming the next victim? Start by asking three simple questions: Is there a real team behind this? Can you verify their identities? Is the contract audited and renounced? If the answer to any of these is no, walk away. Check if the project has a live GitHub repo, a working token on Etherscan, or real community engagement—not just paid influencers. Look for red flags: promises of guaranteed returns, pressure to act fast, or requests to send crypto to an unknown wallet. Real projects don’t need to beg you to invest. They let the technology speak for itself.

The crypto space is full of innovation, but it’s also full of predators. The Adzcoin scam is a warning—not just about one fake coin, but about the entire ecosystem of deception. Below, you’ll find real cases of crypto fraud, broken-down analyses of fake airdrops, and step-by-step guides on how to verify any project before you invest. These aren’t theoretical lessons. They’re lessons learned from people who lost everything. Learn from them.