RCO Finance Scam: How a $36 Million Dream Turned Into a 99% Nightmare

Last updated: 2025-10-28
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Imagine this. You’re scrolling through crypto Twitter, and you see a new project — RCO Finance — promising “the next big AI + DeFi revolution.”

The marketing looks slick. Influencers call it “the future of decentralized trading.” The presale hits $36 million in funding.
Then, just hours after its token (RCOF) lists on an exchange, the price crashes ~99%.

Your wallet is still there — but your funds? Almost gone.
This isn’t fiction. It’s a verified timeline pieced together from multiple sources, including The Holy Coins, Broker Watchdog, and Reddit community reports.
As a BTCC Academy editor, I’m writing this to help beginners spot red flags early — and to show how to stay safe when investing or trading crypto.

 What Actually Happened with RCO Finance?

Stage Verified Facts Sources
Presale Hype RCO Finance claimed to raise roughly $36 million from early investors. The Holy Coins
Exchange Listing The token (RCOF) was listed on a known exchange but had minimal liquidity. The Holy Coins
Price Collapse Within minutes of trading, the token fell by ~99%. BitDegree
Community Backlash Reports surfaced of deleted Telegram messages, blocked critics, and unverifiable team identities. Reddit, CryptoCoverage.org

/ You can claim a welcome reward of up to 10,055 USDT🎁\

Why This Case Matters (Especially for Beginners)

Big funding ≠ real security.

A multi-million-dollar presale means nothing if the liquidity isn’t real. Many “projects” raise huge amounts, only to vanish after launch.

Audits ≠ guarantees.

RCO Finance displayed a SolidProof audit badge — but the audit only covered limited contracts. Always read the scope, not just the logo.

Community sentiment ≠ hype.

A healthy project welcomes hard questions.
When moderators silence users and delete comments, that’s usually the moment to walk away.

Step-by-Step Guide: How to Check If a Presale Is a Scam

1. Read the Audit — Don’t Just Glance at It

•Verify the auditor’s name on their official site (e.g., SolidProof).

•Check which contracts were actually reviewed and whether any “medium” or “high-risk” issues remain unresolved.

•In RCO Finance’s case, the audit existed but did not cover all functional contracts.

2. Inspect On-Chain Liquidity

•Use Etherscan or BSCScan to view the liquidity pool.

•If the pool is tiny or controlled by a single wallet, that’s a huge red flag.

•RCO Finance’s reported liquidity was far lower than expected for a $36 M raise.

3. Run a Honeypot Test

•Use tools like honeypot.is or DexTools.

•A honeypot contract lets you buy tokens but prevents you from selling them.

•Community investigators claimed RCO Finance displayed similar suspicious behavior.

4. Verify the Team’s Real-World Identity

 

•Look for verifiable LinkedIn profiles, previous projects, or legal company registrations.

•If you find “famous partnerships” that the other company never confirms — it’s a likely scam.

5. Confirm the Exchange Listing

 

•Visit the exchange’s official announcement page, not a screenshot.

•A real listing appears on the exchange’s verified domain.

•Many scam projects use fake “listing” claims to lure buyers.

6. Read Community Feedback

 

•Search Reddit, X (Twitter), or Telegram for “RCO Finance scam,” “RCOF rug pull,” or “RCO Finance audit.”

•When dozens of users report withdrawal failures or deleted posts, take that seriously.

7. Test Small First

 

•Always start with a tiny transaction to see if you can buy and sell successfully.

•Never invest money you can’t afford to lose — especially in presales.

If You Already Invested — Here’s What To Do

1.Collect all evidence: screenshots, TXIDs, presale links, wallet addresses.

2.Use a blockchain explorer: check if tokens can still be sold or swapped.

3.Revoke suspicious approvals: use Revoke.cash or similar tools.

4.Report to authorities: file with your national cyber-fraud portal (e.g., FTC, FCA, or ASIC).

5.Join investigation threads: collective action sometimes helps trace stolen liquidity.
a professional blue data graphic showing

•Timeline (Presale → Listing → Crash → Community Alerts)

•Price crash chart (~99%)

•4 beginner safety tips: Audit, Liquidity, Team, Honeypot Check

/ You can claim a welcome reward of up to 10,055 USDT🎁\

The Safer Path: Trade on Verified Platforms (BTCC CTA)

At BTCC, we believe education and transparency are your first line of defense.

Unlike unverified presales, BTCC offers:

•Deep liquidity and transparent order books

•Proof-of-reserve auditing

•Licensed operations in multiple jurisdictions

•24/7 human support
Start learning and trading safely at BTCC.com. Your first trades deserve a secure environment — not a disappearing act.

Want to stay ahead of next month’s market trend? Bookmark BTCC Academy  for regular crypto forecasts, trading tips, and strategy tutorials.


How to Trade Crypto on BTCC?

This brief instruction will assist you in registering for and trading on the BTCC exchange.

 

Step 1: Register an account

The first step is to hit the “Sign Up” button on the BTCC website or app. Your email address and a strong password are all you need. After completing that, look for a verification email in your inbox. To activate your account, click the link in the email.

 

Create an Account

 

Step 2: Finish the KYC

The Know Your Customer (KYC) procedure is the next step after your account is operational. The main goal of this stage is to maintain compliance and security. You must upload identification, such as a passport or driver’s license. You’ll receive a confirmation email as soon as your documents are validated, so don’t worry—it’s a quick process.

 

Complete KYC

 

 

Step 3. Deposit Funds

After that, adding money to your account is simple. BTCC provides a range of payment options, such as credit cards and bank transfers. To get your money into your trading account, simply choose what works best for you, enter the amount, and then follow the instructions.

 

  • Fiat Deposit. Buy USDT using Visa/Mastercard (KYC required).
  • Crypto Deposit. Transfer crypto from another platform or wallet.

 

Deposit Funds

 

Step 4. Start Trading

If you wish to follow profitable traders, you might go for copy trading, futures, or spot trading. After choosing your order type and the cryptocurrency you wish to trade, press the buy or sell button. Managing your portfolio and keeping track of your trades is made simple by the user-friendly interface.

 

Start Trading

 

Look more for details: How to Trade Crypto Futures Contracts on BTCC

 

BTCC FAQs

Is BTCC safe?

Based on its track record since 2011, BTCC has established itself as a secure cryptocurrency exchange. There have been no reports of fraudulent activity involving user accounts or the platform’s infrastructure. By enforcing mandatory know-your-customer (KYC) and anti-money laundering (AML) procedures, the cryptocurrency trading platform gives consumers greater security. For operations like withdrawals, it also provides extra security features like two-factor authentication (2FA).

 

Is KYC Necessary for BTCC?

Indeed. Before using BTCC goods, users must finish the Know Your Customer (KYC) process. A facial recognition scan and legitimate identification documents must be submitted for this process. Usually, it is finished in a few minutes. This procedure has the benefit of strengthening the security of the exchange and satisfying legal requirements.

Because their accounts will have a lower daily withdrawal limit, those who do not finish their KYC are unable to make deposits. It should be noted that those who present a legitimate ID without a facial recognition scan will likewise have restricted withdrawal options.

 

Is There a Mobile App for BTCC?

Indeed. For users of iOS and Android, BTCC has a mobile app. The exchange’s website offers the mobile app for download. Since both the web version and the mobile app have the same features and capabilities, they are comparable.

 

Will I Have to Pay BTCC Trading Fees?

Indeed. BTCC levies a fee for trade, just like a lot of other centralised exchanges. Each user’s VIP level, which is unlocked according to their available money, determines the different costs. The BTCC website provides information on the charge rates.

 

Can I Access BTCC From the U.S?

You can, indeed. According to its website, BTCC has obtained a crypto license from the US Financial Crimes Enforcement Network (FinCEN), which enables the cryptocurrency exchange to provide its services to investors who are headquartered in the US.

According to BTCC’s User Agreement document, its goods are not allowed to be used in nations and organisations that have been sanctioned by the United States or other nations where it has a licence.

 

BTCC Guide:

 

Crypto Buying Guides:

 

Crypto Prediction:

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