Cruze scam: What it is, how it works, and how to avoid similar crypto frauds
When people talk about the Cruze scam, a fraudulent cryptocurrency project that promised high returns but disappeared with investors’ funds. Also known as a rug pull, it’s one of the most common ways scammers steal money in crypto. Unlike legitimate projects that build tools or solve real problems, the Cruze scam was built on hype, fake team photos, and empty whitepapers. It didn’t have a working product, no real users, and no long-term plan—just a token and a promise.
Scams like Cruze don’t happen in a vacuum. They rely on three things: fake social proof, doctored screenshots of profits, bot-filled Telegram groups, and influencers paid to push the token, liquidity lock scams, where the project claims to lock tokens to prove legitimacy, but the lock is either fake or easily bypassed, and tokenomics manipulation, where the supply is huge, distribution is centralized, and early buyers can dump their holdings instantly. You’ll see the same patterns in the LNR Lunar Crystal NFT airdrop, the CHY airdrop from Concern Poverty Chain, and even the Treecle TRCL coin—all of them promised value, delivered nothing, and vanished.
These scams thrive because they target people who want quick gains. They don’t care if you understand blockchain—they just need you to click ‘approve’ on a wallet connection. Once you do, they drain your funds or lock you into a token that can’t be sold. The Cruze scam didn’t get caught because it was clever—it got caught because no one was actually using it. Real projects grow slowly, with real users, real code updates, and real community feedback. Fake ones explode overnight and disappear before you can say ‘withdraw’.
What you’ll find in the posts below aren’t just stories about failed projects. They’re case studies in how fraud works—how market cap manipulation tricks people, how TVL numbers are faked, how airdrops are used as bait, and how exchanges in sanctioned countries become targets. Each one shows a different angle of the same problem: if it sounds too good to be true, it is. And if you didn’t check who’s behind it, what the contract does, or where the liquidity is, you were already part of the scam.