7 Warning Signs of Crypto Scams Targeting Nepali Investors

Because crypto is poorly understood and officially banned in Nepal, it has become fertile ground for scammers. Police reports describe schemes that have cost victims millions of rupees — often targeting people through social media, messaging apps, and even word of mouth in local communities.

Red flag one: guaranteed returns. No legitimate investment promises fixed daily or monthly profits. Two: pressure to recruit others — if earnings depend on bringing in friends and family, it is a pyramid scheme wearing crypto clothes. Three: unverifiable 'trading bots' or 'AI systems' with no auditable track record.

Four: requests to send money to personal accounts or unknown wallets. Five: fake endorsements from celebrities or officials. Six: platforms that let you deposit easily but invent fees and taxes when you try to withdraw. Seven: any 'opportunity' that requires secrecy or urgency.

If someone in your family is approached, the safest response is skepticism and verification. Check with Nepal Police's cyber bureau resources, and remember: if the returns sound too good to be true, they are.