Crypto scams targeting teens and young people

What it is

Scammers use social media, DMs, and livestreams to push fake crypto giveaways, new tokens, and "can't lose" investments. Teens see influencers or strangers promise double-your-money or free crypto if you send a small amount first. On platforms like Pump.fun and others, pump-and-dump schemes spike a token's price then crash it, leaving late buyers with nothing. Romance and friendship scams also push victims to "invest" in crypto or send money to a wallet.

Why it's dangerous

Young people can lose real money they can't afford. The schemes look legitimate (fake screenshots, copied brand names, "limited time" pressure). There is usually no way to get the money back. Some scams also harvest personal data or lead to further fraud.

Which kids are affected

Teens and young adults, especially 14 to 22. Anyone active on TikTok, Discord, Instagram, or YouTube where crypto and "side hustle" content is popular. Younger teens with access to payment apps or family cards are also at risk.

What parents should do today

• Ask whether your child has sent money or crypto to someone they know only online, or invested in tokens they saw on social media or in a server.
• Explain that real giveaways never ask you to send crypto or pay a fee first, and that "double your money" or guaranteed returns are scams.
• If they have access to payment apps or cards, agree clear rules and consider limits; treat crypto and trading apps like other high-risk spending.