Key Insights
- Crypto scams target the 2026 FIFA World Cup using multiple schemes
- TRM Labs has identified two fake ticket websites requesting crypto payments that mimic official platforms
- There are also memecoins like WCUP presented as fan-led projects, even as insider control 95%.
Crypto scams are increasingly targeting football fans ahead of the 2026 FIFA World Cup. Blockchain intelligence firm TRM Labs reported that several schemes have emerged across ticket sales, betting operations, and speculative token launches.
Although the amounts stolen remain relatively small, analysts expect activity to increase as interest in the tournament grows. The competition will be jointly hosted by the United States, Mexico, and Canada.
Crypto Scams Target Ticket Buyers and Sports Bettors
Onchain data gathered by TRM Labs analysts has identified four addresses tied to fake ticket and fixed-match betting operations.
The fake ticketing scams usually rely on impersonating official or resale vendors while advertising in-demand tickets to be paid for in crypto. However, most of these scams have not been successful.
In one of the two operations flagged by TRM, the scammers launched a Polygon address that was also deployed on Ethereum. So far, they have made $1,562, almost all in a single day back in April.
Another operation has a Bitcoin address tied to a phishing site that also offers tickets to World Cup matches. However, it has yet to receive any funds, showing how difficult it is proving to convert.
The failure of these operations might be due to controversies surrounding the 2026 World Cup. Concerns about the impact of US immigration policies on fans and the high ticket prices resulting from FIFA’s adoption of dynamic pricing have overshadowed the event.
Interestingly, some scammers have also launched fixed-match betting operations, promising insider knowledge in exchange for crypto. One such operation used a Bitcoin address that had been funded by victims four times between January and May.
World Cup Themed Memecoins Launching as Fan-Led Projects
Meanwhile, multiple World Cup-themed memecoins have also been launched in the lead-up to the global tournament. While these tokens explicitly describe themselves as fan-led and have no affiliation with FIFA, analysts warn that users could still lose money.
Bubblemaps recently identified one such project, World Cup PvP (ticker: WCUP), noting that 95% of its supply is held by insiders.
The project, which launched on June 10, was promoted by several crypto influencers on X, helping its market cap pump to $50 million on the first day.
However, Bubblemaps analysis shows that most of the influencers got paid to promote the token, but the majority of them did not disclose this to their followers.
Interestingly, over 30 news wallets created a few minutes before the token launch sniped 95% of its supply. These wallets then spread the token to 2,500+ new addresses and attempted to hide their move by using a Uniswap Router.
Despite the insider control, data from Dexscreener shows that the token’s FDV has increased to $65 million. However, it has only around $536,000 in liquidity, which means any sell-off by the early holders will cause price declines and leave retail investors with the losses.
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