Cryptoast and Broker Defense Reveal the Wildest Crypto Scam Tactics

Cryptoast sits down with Marc Bouzy, co-founder of Broker Defense, to dive into the world of crypto scams — not the typical phishing email or fake giveaway, but large-scale psychological manipulations that cost victims tens or even hundreds of thousands of euros.

Bouzy describes a new generation of fraudsters who disguise themselves as financial advisors, regulators, or recovery agents — often reaching victims by phone, text, or WhatsApp. In some cases, scammers have conversations with targets for weeks or months, gaining trust before convincing them to invest or transfer crypto to "secure" wallets that are, in reality, fraudulent.

He details one case where a victim lost over €300,000 to an elaborate scam that included forged documentation, fake websites, and actors posing as compliance officers. These scams are not limited to novice users; increasingly, they affect middle-aged professionals, retirees, and even experienced investors who fall into social engineering traps.

Bouzy also reveals how Broker Defense intervenes — providing legal and technical assistance to scam victims, tracing blockchain transactions, compiling evidence, and working with legal institutions to try to retrieve lost funds.

The article highlights the urgent need for public awareness, education, and regulatory coordination. Bouzy warns that crypto scams are no longer marginal — they are now structured, global, and dangerously persuasive.

Cryptoast uses this interview to emphasize that the fight against crypto scams requires vigilance, communication, and community support. As the adoption of digital assets increases, so does the sophistication of the threats.