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Previous episode Crypto investment scams: the online friend who never asks for your money

Pig butchering scams: how strangers online steal life savings

Fake crypto trading apps: where does the money really go?

A crypto trading app can show your money growing every day, and even pay out when you ask. It can still be a fake. What is really behind the numbers on the screen?

  1. 1 Here is the trick: the app is not a real trading app. The people behind Nalia built it, and they decide every number it shows.$1,180Rono's phonebehindNalia$1,180

    Here is the trick: the app is not a real trading app. The people behind Nalia built it, and they decide every number it shows.

  2. 2 When Rono sent his crypto "to the app", he sent it to a wallet address the scammers gave him. So the crypto became theirs that same day. Rono cannot call a crypto payment back: no bank stands in the middle to cancel it.cryptoexchange"the app'saddress"their wallet

    When Rono sent his crypto "to the app", he sent it to a wallet address the scammers gave him. So the crypto became theirs that same day. Rono cannot call a crypto payment back: no bank stands in the middle to cancel it.

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