Weex Moscow Exchange Crypto Trading Scam Targets Users with Phishing Sites
Article Content
- •Scammers impersonate Moscow Exchange brokers to steal funds and data.
- •Users are lured to phishing sites via social media under false pretenses.
- •In 2025, Russian users lost 234 million rubles to cryptocurrency phishing scams.
On June 21, 2026, the 'Moshelovka' platform reported a scam where fraudsters impersonate authorized brokers of the Moscow Exchange on social media. They lure users to phishing sites under the guise of a 'cryptocurrency test trading channel,' resulting in the theft of funds and personal data. The Moscow Exchange has reiterated that all transactions should be conducted through licensed brokers, and no exclusive cryptocurrency purchasing channels exist for general users. In 2025, Russian users lost approximately 234 million rubles due to cryptocurrency phishing, which constituted 62% of total cryptocurrency asset losses that year. The situation highlights the ongoing risks associated with cryptocurrency trading in Russia.
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