Type of Scam

Exit Scam

Definition

When operators of a business or project suddenly shut down and disappear with all user funds. Common in cryptocurrency, darknet markets, and unregulated investment platforms.

Real Examples

1Cryptocurrency exchanges that suddenly 'get hacked'
2ICO projects that never deliver their product
3Investment platforms that freeze withdrawals before disappearing

Related Terms

Ponzi Scheme Rug Pull

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Other Glossary Terms

Ponzi Scheme

A fraudulent investment scheme where returns for earlier inv...

Pyramid Scheme

A business model that recruits members via a promise of paym...

Phishing

A type of cyber attack that uses fraudulent emails, text mes...

Rug Pull

A type of cryptocurrency scam where developers abandon a pro...

Pump and Dump

A scheme where scammers artificially inflate (pump) the pric...

Romance Scam

A confidence trick where a scammer creates a fake online ide...