As the cryptocurrency market grows rapidly, investment scams, often referred to as 「Pig Butchering Scams」, pose a significant risk for LBank users. These scams typically involve fraudsters contacting users through social media, dating platforms, or unsolicited messages to build trust and lure them into transferring funds to fake platforms or wallets, resulting in financial loss. This guide provides LBank users with a concise, professional, and practical framework to identify risks and safeguard their assets.

What Are Investment Scams?

Investment scams are sophisticated schemes where fraudsters pose as investment experts, celebrities, or romantic partners to gain trust over time. They then promote “high-return, low-risk” opportunities, often requesting cryptocurrency transfers to unknown addresses or downloads of fraudulent trading apps. Cryptocurrencies are a preferred tool for scammers due to their difficult-to-trace nature.

Five Warning Signs of Investment Scams

📌The following red flags can help you quickly identify potential scams:

  1. Unrealistic Return Promises：Claims of “high profits with zero risk” or “guaranteed daily returns” are not credible. Legitimate investments carry no such assurances.

  2. High-Pressure Tactics：Scammers often use “limited-time offers” or urge immediate action to prevent you from verifying their claims.

  3. 要Requests for Sensitive Information：Demands for wallet private keys, seed phrases, or two-factor authentication (2FA) codes are clear signs of fraud. LBank, as a reputable platform, never requests such details.

  4. Unverified Contacts：Recommendations from social media, unknown callers, or unverified “investment advisors,” especially involving obscure cryptocurrency projects.

  5. Fake Celebrity Endorsements：Scammers may misuse the names of celebrities or experts to promote fraudulent projects. Always verify endorsements through official channels.

Six Practical Steps to Prevent Scams

📌Follow these measures to protect your funds:

  1. Verify Platforms and Projects：Before investing, confirm the platform’s legitimacy. LBank users should only trade via the official website (www.lbank.com) or official app, avoiding clicks on unverified links. Review a project’s whitepaper, team background, and community feedback to ensure credibility.

  2. Conduct Independent Research：Avoid relying on unsolicited recommendations. Use tools like CoinMarketCap or CoinGecko to verify a cryptocurrency’s market performance and authenticity. Engage with official communities to learn from other investors’ experiences.

  3. Strengthen Account Security：Enable two-factor authentication (2FA)  and set up an anti-phishing code on LBank. Never share private keys, seed phrases, or account passwords. Store large assets in a hardware wallet to minimize theft risks.

  4. Test with Small Amounts：If interested in a project, start with a small investment to assess the transaction and withdrawal process. Reject any “opportunities” requiring upfront cryptocurrency payments.

  5. Beware of Social Engineering：Scammers often manipulate emotions or pose as professionals to gain trust. Be skeptical of unsolicited investment advice, especially from non-official channels.

  6. Report Suspicious Activity Promptly：If you detect suspicious behavior, contact LBank support immediately via the official website or app. Report incidents to local law enforcement or financial regulators, providing transaction records for investigation.

What to Do If You Fall Victim

  1. Act Immediately：Stop all fund transfers and contact LBank support to request an account freeze.

  2. Preserve Evidence：Save chat logs, transaction hashes (TXID), and related documents.

  3. Report to Authorities：File a report with local police or financial regulatory bodies, providing evidence to aid investigations. Swift action may improve the chances of fund recovery.

LBank’s Security Commitment

Cryptocurrency investments offer opportunities but come with risks. LBank users should remain vigilant and make informed decisions. Promises of “risk-free high returns” are typically scams. Leverage LBank’s security features and educational resources, conduct thorough research, and start with small investments to protect your assets. Secure your funds starting today!

⚠️ In case of any inconsistency in translations, the English version shall prevail.