The Position Exchange Times Square billboard airdrop is a scam. No crypto can be distributed through billboards. Learn how the fraud works, why it's impossible, and how to protect your wallet from phishing sites.
Position Exchange scam: How fake crypto exchanges trick users and how to avoid them
When you hear Position Exchange scam, a fraudulent crypto platform designed to steal funds by mimicking legitimate trading sites. Also known as fake crypto exchange, it’s not a real platform—it’s a digital trap. These scams show up in ads, Telegram groups, and Google search results, promising low fees, high leverage, or instant withdrawals. But once you deposit, your money vanishes, and the site disappears. There’s no customer support, no withdrawal option, and no real trading engine—just a website built to look official.
These scams don’t work alone. They rely on crypto exchange scam, a broad category of fraud where fake platforms impersonate real ones like Binance, Coinbase, or Kraken. They copy logos, use similar domain names (like position-exchange[.]com instead of positionexchange[.]com), and even fake testimonials. Some even hire actors to record "user reviews" on YouTube. The goal? Get you to connect your wallet or enter your seed phrase. Once you do, your funds are gone forever. This isn’t just bad luck—it’s predictable. Every year, thousands lose millions to these exact tactics.
Real exchanges don’t ask you to send crypto to a random address to "activate" your account. They don’t pressure you with countdown timers. They don’t promise 10x returns overnight. And they never use unverified social media influencers to push their platform. If a site looks too good to be true, it is. The crypto fraud, a deliberate deception to steal digital assets through fake platforms, airdrops, or phishing behind Position Exchange is the same one behind Coinrate, 3xcalibur, and Sonar Holiday—a pattern you can learn to spot.
You don’t need to be an expert to avoid these traps. Just check: Is the domain name spelled right? Does the site have a working support email or live chat? Are there real, verifiable team members with LinkedIn profiles? Is it listed on CoinMarketCap or CoinGecko? If the answer to any of these is no, walk away. The crypto security, the practice of protecting digital assets from theft, phishing, and fraudulent platforms starts with skepticism, not trust.
Below, you’ll find real case studies of failed and fake crypto platforms—some that vanished overnight, others that pretended to be exchanges, and a few that still trick people today. You’ll see exactly how they were built, what they promised, and how users got burned. No fluff. No theory. Just facts from real scams that happened, and how to make sure you’re not next.