TLDR
Scam site clones GMX/dYdX/Hyperliquid/Apex UI; user deposits USDC and trades, but the 'exchange' is fake — books not on chain. Liquidations simulated to drain collateral. Indicators: (1) URL not gmx.io/dydx.exchange/hyperliquid.xyz; (2)...
How it works
Scam site clones GMX/dYdX/Hyperliquid/Apex UI; user deposits USDC and trades, but the 'exchange' is fake — books not on chain. Liquidations simulated to drain collateral. Indicators: (1) URL not gmx.io/dydx.exchange/hyperliquid.xyz; (2)...
Red flags
- Urgent pressure to click, pay, or share codes immediately.
- A link or sender that does not match the official organization.
- Requests for card data, passwords, OTPs, wallet signatures, or bank transfers.
What to do
- 1WHAT TO DO: use only canonical perp DEXs verified via DefiLlama TVL + multiple audits; verify deposit contract on Arbiscan.
Source
CFTC-Anti-Fraud
Source reviewed by Mythos Forensic Team
https://www.cftc.gov/LearnAndProtect/AdvisoriesAndArticles/index.htmFAQ
Is Fake perpetual futures DEX — leverage scam clones GMX/dYdX a real scam pattern?
Yes. Treat the message, call, or payment request as suspicious until you verify it through an official channel.
What are the first warning signs?
Urgent pressure to click, pay, or share codes immediately.; A link or sender that does not match the official organization.; Requests for card data, passwords, OTPs, wallet signatures, or bank transfers.
What should I do first?
WHAT TO DO: use only canonical perp DEXs verified via DefiLlama TVL + multiple audits; verify deposit contract on Arbiscan.
Can LegalAudit check my case?
Yes. Start a free chat and paste the message, link, sender, or payment details for triage.