If you still consider Falcon merely as a technical term that occasionally appears in a research report, then it's time to wake up. At the tail end of this bull market, Falcon's position in on-chain liquidity aggregation is unshakable—precise, efficient, professional. But it is precisely this "high-end persona" that makes it the most favored brand for scam gangs to impersonate.

Unlike the low-end phishing links that are everywhere, today's Falcon fraud has evolved to another level. These scammers are real masters of financial psychology. I have deeply analyzed the on-chain security data from the second half of this year and summarized six of the most covert scam techniques—each capable of wiping out your wallet in an instant.

**First Trick: "Mirror Institution Entrance" Precise Hunting**

Veteran players know that FalconX originated from institutional services, and scammers are exploiting this point. They have meticulously created a mobile app called "Falcon Institutional Pro," which at first glance seems flawless. This app does not operate through official channels but lurks in the shadows of TestFlight or enterprise certificates, quietly distributed across major communities. More cunningly, this app can real-time sync data from a leading exchange or an exchange's order book depth, even supporting you to experience so-called "institution-level zero slippage trading" using BNB or ETH.

When you watch the profit numbers in your account jump, you don't realize you're just playing a single-player virtual trading room. The real money you invested has long since flowed into the depths of the public chain, transforming into a string of anonymous addresses that can never be traced.