Will a legitimate company ask me to pay in crypto to protect my money?

No. The FTC identifies unexpected demands to buy or send cryptocurrency to protect money, pay a fee or resolve a problem as scam patterns.

Can I reverse a crypto transfer?

Usually not. Confirm the recipient and request before sending; recovery normally depends on the recipient or service acting quickly.

What should I do after signing something suspicious?

Stop further signing, move unaffected assets from a safe device if needed, revoke risky permissions where applicable, preserve evidence, notify the relevant service and report fraud.

Should I share my seed phrase with support?

Never. A recovery phrase or private key gives control of the wallet; legitimate support does not need it.

Crypto Scam and Wallet Security Guide: Prevent, Contain, Report

Learn

Strategy

4 min

Crypto Scam and Wallet Security Guide: Prevent, Contain, Report

A practical, source-backed playbook for phishing, impersonation, malicious approvals, fake investments and the first steps after an incident.

CryptoLV EditorialEditorial team

Updated August 13, 2026·4 min read

Track: Strategy & Risk·Lesson 3/32View track

#security #scams #phishing #wallet #protection

Security is a sequence, not a product
Recognize the high-signal red flags
Phishing and impersonation: verify outside the message
Messages, approvals and transactions are different
Separate exposure
If you may have been compromised
What not to do
Key takeaways

Review and sources

Reviewed 2026-08-13 by CryptoLV Editorial. Next review: 2026-11-13.

FTC: cryptocurrency scams opens in a new tab
Supports: Common crypto scam patterns, irreversibility risks and US reporting channels.
CISA: phishing opens in a new tab
Supports: How phishing attempts use deceptive links and how to report them.
FBI IC3 complaint center opens in a new tab
Supports: US internet-crime reporting channel.
CFTC digital assets opens in a new tab
Supports: Digital-asset market and fraud-risk education.

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CryptoLV EditorialEditorial team

CryptoLV editorial content is reviewed against the linked primary sources. Check the source section for each guide's scope, reviewer, and next review date.

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