Authorities Warn of Fake Crypto Trading Platform "TokenCore" Targeting Luxembourgers

Luxembourg’s authorities have issued a warning about a fraudulent crypto trading platform called TokenCore that is being promoted online through fabricated news articles and deceptive advertisements. The scheme promises extraordinary financial returns — such as turning an investment of €250 into thousands of euros per day — but officials have confirmed that the entire operation is a scam.

The fake content, styled to resemble a legitimate news report, was designed to lure residents into trusting the platform by presenting it as a government-backed initiative. Authorities have clarified that no such project exists and that the advertisements are a sophisticated attempt to exploit investors.

Scams of this nature often follow the same pattern: once a victim deposits money, they are shown manipulated dashboards suggesting high profits. However, when they attempt to withdraw funds, either the process is blocked, or they are pressured into investing even more. In the end, most victims lose all their deposits and, in some cases, expose their personal and banking data to criminals.

Officials strongly advise residents to avoid clicking on suspicious links, entering personal information on unfamiliar sites, or responding to unsolicited investment offers. They also encourage citizens to immediately report any questionable content or online fraud attempts to law enforcement.

The warning comes at a time when crypto-related scams are surging across Europe. Fraudsters increasingly rely on professional-looking websites, fake endorsements, and impersonation of public institutions to mislead users. Luxembourg authorities have stressed that promises of guaranteed, quick, and unusually high profits are a clear red flag.

By raising awareness, they hope to prevent residents from falling victim to what they describe as a dangerous scheme with potentially severe financial consequences.

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