Crypto Exchange Warning: Spot Scams, Bans, and Dead Platforms Before You Trade

When you hear a crypto exchange warning, a red flag raised by traders, regulators, or on-chain data about unsafe or fraudulent trading platforms. Also known as crypto exchange scam alert, it’s not just hype—it’s often the only thing standing between you and a wiped-out wallet. These warnings aren’t theoretical. In 2025, exchanges like MDEX and Pearl v1.5 are dead, with zero trading volume and no users left. Others, like CoinSwap.com, operate with no audits, no liquidity, and no real security. And then there are outright bans—Bangladesh, Ecuador, and China have shut down legal access, forcing traders into risky underground networks.

Not all crypto exchange warnings come from governments. Many are born from broken promises. Projects like DOGGY and VikingsChain (VIKC) claim airdrops that don’t exist. People lose money chasing free tokens that were never real. Meanwhile, exchanges like NiceHash and Honeyswap serve niche needs—miners and Gnosis Chain users—but aren’t built for everyone. A crypto exchange scam, a platform designed to steal funds through fake interfaces, fake support, or rug pulls. Also known as fake crypto exchange, it often looks identical to the real thing—until your coins vanish. The biggest danger? You won’t know it’s fake until it’s too late. No regulation. No customer support. No way to recover funds.

Then there are the dead crypto exchange, a platform that once had users and volume but has since collapsed, abandoned, or been hacked with no recovery. Also known as zombie exchange, it still shows up in search results because its domain hasn’t expired. MDEX used to be a top DEX. Now, its token is worth 0.4% of its peak. The website still loads. The Twitter account still posts. But no one’s trading. That’s not a glitch—it’s a trap. Scammers buy these abandoned domains and repurpose them to steal deposits from unsuspecting users who remember the name.

And when a country like India or China issues a crypto exchange ban, a legal prohibition on operating or using crypto trading platforms within a jurisdiction. Also known as crypto trading restriction, it doesn’t mean crypto disappears—it just goes underground. In China, $86 billion in crypto trades happen every year despite the ban. In Bangladesh, people use P2P apps and cash deals to bypass the law. These aren’t loopholes—they’re survival tactics. But they come with risks: no chargebacks, no legal recourse, no insurance.

You can’t avoid every warning. But you can learn to read them. If an exchange has zero audits, no team info, and promises zero fees, it’s not a gift—it’s a grenade. If a token’s name sounds like a meme and has no utility, it’s not an investment—it’s a gamble. If a country bans banks from processing crypto, you’re on your own. The truth? Most crypto exchange warnings are there because someone already lost everything. Don’t be the next person to ignore the signs. Below, you’ll find real cases—dead exchanges, fake airdrops, banned regions, and scams that fooled thousands. Know what to look for before you click "Deposit".