iExchange not a real exchange: Spotting fake crypto platforms and avoiding scams
When you hear iExchange, a name that sounds like a legitimate crypto trading platform but has no real infrastructure, user base, or regulatory oversight. Also known as a phantom exchange, it's one of many fake platforms designed to trick investors into depositing funds that will never be returned. This isn't just a typo or a misspelled site—it's a deliberate scam. Real exchanges like Gemini or Uniswap have public teams, verifiable transaction histories, and regulatory compliance. iExchange has none of that. It exists only in listings, forum posts, and shady ads pushing fake airdrops or "limited-time" trading bonuses.
Scammers use names like iExchange to mimic real platforms because they know people search for "crypto exchange" and click anything that looks official. They copy logos, steal website templates, and even fake customer support chats. But if you check the blockchain, there’s no contract address. If you look at CoinGecko or CoinMarketCap, it’s not listed. If you search for user reviews, you’ll find nothing but complaints about withdrawals failing or accounts disappearing. This pattern repeats with other fake names like Darb Finance, MMS, and Intexcoin—all listed in our collection as dead, non-functional, or outright fraudulent. These aren’t bugs in the system—they’re features of the scam.
What makes these fake exchanges dangerous isn’t just the lost money. It’s how they erode trust in real DeFi tools. People who get burned by iExchange start thinking all crypto is risky, when the real risk is not doing basic checks. A real exchange shows its team, its security audits, its license numbers. It doesn’t ask you to send crypto to a random wallet address to "unlock" your account. It doesn’t promise 500% returns in 48 hours. And it definitely doesn’t disappear after a few months with zero trace.
Every post in this collection focuses on exposing exactly this kind of deception. From Katana being called an exchange when it’s actually a liquidity protocol, to Gemini being mistaken for a coin instead of a regulated platform, we cut through the noise. You’ll find clear breakdowns of tokens with zero supply, exchanges with zero volume, and airdrops that never existed. These aren’t theoretical warnings—they’re real cases with real victims. By learning how to verify what’s real, you stop being a target.
Knowing the difference between a real platform and a fake one isn’t about technical skill—it’s about asking the right questions. Who runs this? Where’s the proof? Can I withdraw? If the answers are vague, silent, or too good to be true, walk away. The next time you see a name like iExchange, pause. Check the blockchain. Search for user reports. Look at the token contract. You don’t need to be an expert to spot a scam. You just need to know what to look for. Below, you’ll find detailed reviews of real platforms, dead tokens, and the red flags that scream "avoid"—so you never get fooled again.
