Thomas Benjamin T Moore#71

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Why do scam brokers suddenly shut down?

Scam brokers often close their websites or platforms without warning once they have collected enough deposits or faced exposure. This tactic, known as a “rug pull” or exit scam, leaves clients unable to withdraw funds. Offshore registrations allow them to disappear quickly and reopen under new names. Warning signs include sudden withdrawal delays, broken communication, and changing domain names. Traders should regularly test small withdrawals and avoid keeping large balances with unregulated brokers. Once a broker disappears, recovery is nearly impossible. Avoiding scams upfront is the best protection against sudden shutdowns.