Cryptocurrency Giveaway Deposit-Doubling Scam

Some websites use a public figure's name or image to advertise a fake cryptocurrency giveaway. They tell visitors to send coins to a wallet address first and promise to return twice as much. The promised giveaway is not a legitimate way to receive cryptocurrency: sending funds gives the visitor no reliable way to recover them.

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Cryptocurrency Giveaway Deposit-Doubling Scam example

How this scam works

  1. 1

    A website uses a familiar public figure's name, photographs, or political branding to make a cryptocurrency offer look official.

  2. 2

    It claims that a very large amount of cryptocurrency is being given away and tells visitors to choose a coin and send funds to a special address.

  3. 3

    The page promises to return double the amount sent, sometimes with a minimum and maximum amount and a claim that each person can participate only once.

  4. 4

    A visitor who sends cryptocurrency may lose the funds. Cryptocurrency transfers are generally difficult or impossible to reverse.

✓ Do this

  • Do not send cryptocurrency to participate in a giveaway that promises to send back more than you paid.
  • If you already sent funds, save the website address, screenshots, wallet address, and transaction hash, and contact the exchange or wallet provider you used promptly.
  • Report the website and wallet address through the relevant platform and your local fraud-reporting service.

✗ Avoid this

  • Do not connect your wallet or share a recovery phrase, private key, password, or verification code.
  • Do not trust a celebrity photograph, political slogan, transaction list, or countdown as proof that a giveaway is real.
  • Do not pay anyone who later promises to recover your cryptocurrency for an upfront fee.

Need help with a similar message?

Do not reply, pay, or use contact details in an unexpected message. Verify through the official app or website, then report what you saw so the Archive can connect related patterns.

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Quick tip: Verify independently

Don’t call numbers or click links in unexpected messages. Go directly to the company’s official site or app and contact support from there.

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