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Fake dYdX Scam: dydxgroup.com Crypto and WhatsApp Fraud

Savun Law & Consultancy · Updated 23 October 2026

Fake dYdX Scam: dydxgroup.com Crypto and WhatsApp Fraud

dYdX is in reality a decentralised crypto derivatives protocol, while dydxgroup.com is a fake trading site hiding behind this well-known name. The scheme starts on social media with an offer of "free financial advice", deepens through a WhatsApp group and ends with a commission demanded at the moment of withdrawal.

In short: dydxgroup.com is not authorised in Türkiye by the Capital Markets Board (SPK). It is an imitation platform that has no connection with the real dYdX; its name is being misused. The method is to gain trust by posing as an adviser and then demand an extra commission for withdrawal. In cases of this kind, claiming the money back is legally possible.
What this article covers

🚩 From Adviser to WhatsApp Group: The Scheme

This case is a typical example of the trust-building method known as pig butcheringTR. According to the fraud tracking records of the California financial regulator, the steps ran as follows:

  • First contact on social media under the identity of a "financial adviser"
  • An invitation to a WhatsApp signal group that also included an assistant
  • A fee charged for the signals and profits rising on the screen
  • A condition that an extra commission be paid to the adviser for withdrawal; even after payment the balance was not released

🔍 Names and the Domain for Identification

In the records, the adviser used the name "Nathan" and the assistant who accompanied him in the group used the name "Amy". dydxgroup.com does not appear in the records today; these operations continue the same script under different domains. SPK Decision No. 5/173 serves as a warning against unauthorised investment guidance through social media.

🔗 Similar Crypto Cases

Using the name of a well-known crypto brand and steering victims through a WhatsApp group is a pairing we encounter often:

🧭 The Legal Process in Crypto Cases

In crypto transfers, the trail of the money moved to crypto exchangesTR and the money laundering connectionTR are examined separately; the victim may take part in the criminal proceedings as an intervening partyTR. Before investing, check whether a platform is authorised by the regulator in your own country (for example the FCA, ASIC or SEC). For detailed information and legal support, you can contact Savun Law & Consultancy.

❓ Frequently Asked Questions

Is the real dYdX protocol involved in this?

No. dYdX's official name has been used without permission; dydxgroup.com is not connected with the protocol.

The adviser who wrote to me was not called Nathan. Could it be the same scheme?

These teams change names and profile photos often; what is decisive is not the name but the steps of the script.

If I pay a commission to withdraw, will my balance be released?

In schemes of this kind, every payment gives rise to a new fee demand; in the recorded case too, the payment did not release the balance.

I lost money because of dydxgroup.com. What should I do?

For detailed information and legal support, you can contact Savun Law & Consultancy.

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This page is an English adaptation of our Turkish article Sahte dYdX (dydxgroup.com) Kripto ve WhatsApp Dolandırıcılığı.

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