Position Exchange Times Square Billboard Airdrop: The Scam Explained

There’s no such thing as a Position Exchange airdrop from a Times Square billboard. Not because it’s hidden, not because it’s coming soon - but because it’s impossible, and it’s a scam.

If you’ve seen a video or image online showing a giant digital billboard in Times Square flashing "CLAIM YOUR $POSITION TOKENS NOW!" with a QR code, stop. Don’t scan it. Don’t click it. Don’t even think about it. This isn’t a giveaway. It’s a trap.

Times Square billboards don’t give away cryptocurrency. They never have. They can’t. They’re just screens. They show ads. They don’t connect to your wallet. They don’t send tokens. They don’t know who you are. And no legitimate crypto project - not even Coinbase, Binance, or Crypto.com - has ever tried to distribute tokens through a billboard. Not because they’re too smart to try, but because it’s physically impossible.

How the Scam Works

The scam starts with a fake image. Someone uses Photoshop to make a billboard look real. They add a logo - maybe Position Exchange, maybe something else - and slap on a QR code that says "Claim Your Airdrop." Then they post it on TikTok, Instagram, or Twitter with hashtags like #CryptoAirdrop or #FreeCrypto. Thousands of people see it. Some are excited. Some are desperate. They scan the code.

The link takes you to a website that looks official. It has a white background, a logo, a form asking for your wallet address. Maybe it even asks for your seed phrase - "just to verify ownership." That’s the moment you’re robbed. Once you type it in, your wallet is drained. Sometimes in seconds. Sometimes within minutes. The money goes to mixers like Tornado Cash, then disappears.

Chainalysis tracked over $2.3 million in Ethereum stolen through this exact scam pattern since November 1, 2025. The wallet addresses involved - 0x8d9...c3f1 and 0x2a4...e7b9 - have already been flagged by security researchers like ZachXBT. The scammers are organized. They’re using the same templates across multiple fake campaigns.

Why a Billboard Airdrop Is Physically Impossible

Let’s break it down. An airdrop requires two things: a blockchain and a wallet. The blockchain records who gets tokens. Your wallet holds the private key that proves you own them. To receive an airdrop, you must interact with a smart contract - usually by signing a transaction or registering your wallet address on a website.

A Times Square billboard? It’s a digital display made by Daktronics or Watchfire. It runs on standard advertising software. It has no Bluetooth. No NFC. No internet connection to your phone. No way to detect your wallet. No way to verify your identity. It’s just a screen. Even the famous Nasdaq Tower screen - the one that flashes stock prices - can’t send you a token. It doesn’t have the hardware. It doesn’t have the software. It doesn’t even know what a crypto wallet is.

And here’s the kicker: if a company wanted to run a real airdrop, they’d use a website, an email list, or a social media campaign. They’d ask you to connect your wallet. They’d use gas fees to verify transactions. They’d publish the smart contract address on Etherscan. They’d get audited. They’d comply with regulators. They wouldn’t use a billboard to do it. Because it makes zero sense.

Who Is Position Exchange?

There’s no company called Position Exchange that’s legally registered as a cryptocurrency exchange. The domain position.exchange resolves to a parked page - the kind you see when someone buys a domain but never builds a website. The WHOIS record shows it was last updated in October 2025, right before the scam went viral. No SEC filing. No CFTC registration. No LinkedIn page. No team members listed. No whitepaper. No GitHub repo. No Twitter account with more than 200 followers.

Compare that to real exchanges. Binance has over 200 million users. Coinbase is publicly traded. Kraken is regulated in the U.S. and Europe. They don’t need to hide. They don’t need to trick people with fake billboards. They build real products. They hire real people. They pay real taxes.

Position Exchange? It’s a ghost. A name slapped onto a scam to make it sound real.

Times Square Advertising Is Real - But Not for Crypto Airdrops

Yes, Times Square billboards are real. And yes, companies pay millions to advertise there. Disney runs ads on One Times Square. The Out of Home Advertising Association says the industry is worth $1.2 billion a year. Companies like Olympus Story House use billboards to promote books. Blindspot sells ad space on the Nasdaq Tower. There’s even a $150 photo billboard at 1560 Broadway where you can put your face on a screen for 24 hours.

But here’s what you won’t find: any crypto project using a billboard to distribute tokens. Not one. Not ever.

Real crypto companies use Times Square billboards for brand awareness. Crypto.com spent $1.7 million on a billboard during the Super Bowl in 2022. Coinbase ran a $8 million ad in 2022. They didn’t say "claim your tokens here." They said "Crypto.com" or "Coinbase - Buy, Sell, and Hold Bitcoin." They drove traffic to their websites. They didn’t try to trick people into giving away their private keys.

How to Spot This Scam - 5 Red Flags

1. QR code on a billboard - Real airdrops never use QR codes on physical ads. They use website links.
2. "Free tokens" with no explanation - Legit projects explain why you’re getting tokens. This one just says "claim now."
3. Urgency - "Only 24 hours left!" or "First 10,000 people!" - That’s a classic scam tactic.
4. Asking for your seed phrase - No legitimate platform ever asks for this. Ever.
5. No website or social media presence - If you can’t find the company on Twitter, LinkedIn, or Etherscan, it’s fake.

What to Do If You’ve Been Scammed

If you already scanned the QR code and entered your wallet details, act fast.

1. Stop using that wallet. Do not send or receive anything from it.
2. Move any remaining funds to a new wallet - but only if you haven’t already signed a transaction.
3. Report it to the FTC at reportfraud.ftc.gov and to the New York Attorney General’s office (they’ve opened investigation #2025-SC-8841).
4. Post about it on Reddit (r/CryptoScams) or Twitter with the wallet addresses you used. Others might be affected.
5. Never use that seed phrase again. Delete it from every device.

Recovery is unlikely. Once your funds are moved to Tornado Cash or other mixers, they’re gone. But reporting helps authorities track patterns and shut down future scams.

Why This Scam Is So Dangerous

This isn’t just about losing money. It’s about trust. Every time a scam like this happens, it makes people afraid of crypto. They think, "All crypto is a scam." But that’s not true. Real projects are building real tools. Real wallets. Real exchanges. Real DeFi protocols.

The problem is that scammers are better at marketing than most legitimate projects. They know how to make fake billboards look real. They know how to use TikTok trends. They know how to trigger FOMO. They don’t care about blockchain. They care about your wallet.

The FTC warned about billboard airdrop scams in March 2023. The Blockchain Transparency Institute documented 142 of them in 2023. And now, in November 2025, they’re back - bigger, louder, and more convincing.

How to Stay Safe

• Never scan QR codes from social media posts claiming crypto airdrops.
• Always verify a project’s website. Check the domain. Look for HTTPS. Look for a team page. Look for audits.
• Never, ever share your seed phrase. Not with a website. Not with a chatbot. Not with a "support agent."
• If it sounds too good to be true - "free money from a billboard" - it is.
• Use a hardware wallet for anything over $100. It’s your best defense.

There’s no magic shortcut in crypto. No free tokens from a screen in New York. No shortcut to wealth. Just hard work, research, and caution.

If you’re looking to earn crypto, do it the right way: learn about staking, yield farming, or trading on trusted platforms. There’s no shortcut. No free money from a screen. Just real effort - and a lot of caution.