Crypto Scams in Myanmar: How to Spot and Avoid Fake Crypto Projects
When people in Myanmar jump into crypto, they’re often chasing quick wins—but many end up trapped in crypto scams in Myanmar, fraudulent schemes that promise high returns but vanish with your money. These aren’t just random internet tricks; they’re organized operations that use local languages, fake testimonials, and WhatsApp groups to build trust before stealing everything. The same patterns show up again and again: a new app that claims to be AI-powered, a token with no code behind it, or a so-called airdrop that asks you to send crypto first.
fake crypto exchange, a platform that looks real but has no licenses, no team info, and no way to withdraw funds is one of the most common traps. Look at BitAI or Tokenmom—both claimed to be cutting-edge, but neither had audits, user reviews, or even a working website. crypto airdrop scam, a fake free token offer that requires you to pay a fee or connect your wallet first is another big one. Projects like SWAPP and Ancient Kingdom (DOM) promised free tokens, but they were never real. The moment you send crypto to claim them, you’re gone.
What makes these scams dangerous in Myanmar is the lack of local regulation. People see others making money—on TikTok, Telegram, or Facebook—and assume it’s safe. But behind every flashy post is a team that doesn’t exist. They copy-paste whitepapers, hire actors to pretend they’re developers, and vanish when the money rolls in. Even crypto investment scam, a scheme that guarantees returns with no risk, which is impossible in crypto preys on hope. No one can guarantee profits. If someone says they can, they’re lying.
Here’s what you need to check before touching any crypto: Is there a real team with names and LinkedIn profiles? Is the project on a major blockchain with public code? Are there independent reviews—not just glowing testimonials from anonymous accounts? And most importantly: do they ask you to send crypto to get started? If yes, walk away. The most profitable crypto move right now isn’t chasing the next big coin—it’s avoiding the next big scam.
The posts below show you exactly how these scams work, from fake AI tokens to rigged airdrops, so you can spot them before you lose your money. You’ll see real examples, what to look for, and which platforms are actually safe.