Scam library
Boiler-room / cold-call fraud
Boiler rooms run scripted, high-pressure cold-calling to push fraudulent investments, often reusing victim lists and rebranding frequently to evade warnings.
Reviewed by the AssetTrace investigations team
How does Boiler-room / cold-call fraud work?
- 1
A cold call or message offers an exclusive, time-limited opportunity.
- 2
Scripted pressure tactics push an urgent first deposit.
- 3
Apparent early returns encourage larger commitments.
- 4
Withdrawals stall and the 'firm' becomes unreachable or rebrands.
How does AssetTrace trace Boiler-room / cold-call fraud losses?
We trace crypto deposits to the receiving infrastructure and assemble evidence for regulatory referral and civil recovery, including links between rebranded entities where the chain shows them.
Typical loss pattern
Deposits are typically consolidated quickly across a small set of receiving wallets and exchanges.