Algeria banned all cryptocurrency activity in July 2025, making ownership, trading, and mining illegal. Despite severe penalties, an underground market persists using P2P trades, stablecoins, and VPNs. Here's how it works - and why it won't disappear.
Underground Cryptocurrency: Hidden Tokens, Scams, and Risky Projects
When people talk about underground cryptocurrency, crypto projects that operate outside mainstream exchanges, regulatory oversight, or public scrutiny. Also known as dark pool tokens, it’s not about privacy—it’s about evasion. These aren’t the coins you find on Coinbase or Binance. They’re the ones popping up on Telegram groups, unverified DEXs, or fake Twitter airdrops. They promise moonshots, but most vanish before you can cash out.
Many meme coins, tokens built on hype, not utility, often with absurd supplies and no real team like Birb (BIRB) or SORA GROK (GROK) thrive in this space. They look like fun, but they’re designed to be traded, not held. Then there are crypto scams, projects that mimic real tech—like fake AI tokens or counterfeit DeFi protocols—to trick investors into buying worthless tokens. DeepSeek AI Agent (DEEPSEEKAI) and CPR CIPHER aren’t broken innovations—they’re deliberate deceptions. These aren’t edge cases. They’re the norm in underground crypto.
Why does this keep happening? Because there’s no gatekeeper. No SEC review. No exchange listing checklist. Anyone can spin up a token on Solana or Ethereum, pump it with bots, and disappear. The unregulated tokens, crypto assets that avoid compliance, audits, or transparency don’t need to prove they’re real—they just need to get you to click "Buy" before the price crashes. And with cross-chain bridges and anonymous wallets, tracing the money is nearly impossible. That’s how DPRK hackers launder millions through fake projects.
You’ll find posts here about tokens that don’t exist, exchanges that shouldn’t be trusted, and airdrops that are just phishing traps. We don’t cover every shady coin—but we do explain why the ones that get traction are dangerous. Whether it’s fake NFT tickets, phantom AI agents, or tokens with no code behind them, you’ll learn how to spot the red flags before your wallet gets drained. This isn’t about FOMO. It’s about survival.