Cryptocurrency users losing money to fake DeFi swap platforms and scams

Crypto investors are falling victim to fraudulent decentralized exchange (DEX) platforms like Xswap that drain their wallets through hidden fees, rug pulls, and smart contract exploits. Users lack reliable ways to verify platform legitimacy before depositing funds, and by the time they realize they've been scammed, their assets are already gone. Current solutions fail because scam platforms operate across multiple chains and jurisdictions, making recovery nearly impossible.