TalkScams Team · Source-backed educational guide · Not a community report

Fake tax bill blocks a crypto withdrawal

A supposed trading service may say profits are ready but demand a new tax or release payment directly to the platform before processing withdrawals. The SEC warns that such charges can be part of the original investment scam.

Source: U.S. Securities and Exchange Commission · Original advisory date: 2024-05-29

This summary is not a firsthand report or an endorsement or partnership by the source.

Warning signs to recognize

  • An account manager requires a separate crypto transfer to unlock a withdrawal.
  • The promised return is not supported by an independently verifiable record

How to check or protect yourself

  • Do not pay new release fees to the party already holding your funds.
  • Keep transaction details and report suspicious investment solicitations

Read the original U.S. Securities and Exchange Commission advisory

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