# Crypto scam types in the UK — complete list and how to report

Never share seed phrases, send crypto to ‘fix’ an account, or trust guaranteed returns. Verify firms on the FCA register. Report scams to Action Fraud and the FCA. Recovery scams target people who already lost money — never pay upfront fees to ‘get crypto back’.

## Key facts
- If returns sound guaranteed, it is a scam.
- FCA register check takes minutes — do it every time.
- Romance and pig-butchering scams build trust over months.
- Fake apps mimic real exchanges on app stores.
- Report even small losses — data helps police.

## Clone firm and impersonation scams

Fake websites and call centres copy FCA-authorised firms. Details differ slightly from the real register entry. Always verify on register.fca.org.uk yourself.
## Phishing and wallet drainers

Emails and DMs link to fake login pages or malicious ‘approve’ transactions. Never click links in unsolicited messages. Type URLs manually.
## Pig butchering and romance scams

Scammers build relationships on dating apps or social media, then introduce ‘investment’ platforms showing fake profits. Withdrawals are blocked. Often run from overseas call centres.
## Fake celebrity endorsements and AI ads

Deepfake videos promote fraudulent platforms. Celebrities rarely endorse crypto schemes. FCA flags unauthorised promotions regularly.
## Pump-and-dump and rug pulls

Coordinated hype drives price up; insiders sell. New tokens with anonymous teams can disappear overnight. Most meme coins are high-risk gambling, not investing.
## Recovery scams

After a loss, someone offers to recover funds for a fee. The fee is the scam. See our recovery scams guide.
## How to report

Action Fraud (actionfraud.police.uk) for crimes. FCA warning list for unauthorised firms. Your bank if you sent fiat. Preserve screenshots and transaction hashes.

## FAQs
### Can police recover stolen crypto?

Rarely. Blockchain transfers are usually irreversible. Reporting still matters for investigations.

## Sources

- [FCA — Crypto investment scams](https://www.fca.org.uk/consumers/crypto-investment-scams)
- [Action Fraud](https://www.actionfraud.police.uk/)

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— Digital Assets UK (https://digital-assets.co.uk/scams/all-scam-types-uk/), reviewed 2026-06-23. Source: https://www.fca.org.uk/consumers/crypto-investment-scams