Cryptocurrency scammers have devised a new method of deception by creating phony crypto exchange websites in order to swindle users. These sites are designed with an aesthetic meant to deceive the public into believing they are legitimate. The scammers often copy the look and feel of established exchanges, incorporate fake customer reviews, and provide appealing incentives to get people to part with their coins. The typical pattern starts by convincing a customer to supply their funds which are then instantly directed to the scammers' wallets and the customer is unable to receive their own money. To make the scam appear even more convincing, the crooks may mask their sites with domains sharing similar names with real exchanges, temporarily offer low fees and referral bonuses, or delay withdrawal requests. Above all, it is essential to review any unknown exchange before providing any of your funds.