Fake exchanges that mimics original exchanges are real

[Ultegra134]

In light of the recent attacks via phishing and social engineering, I'd like to confirm this to be true. It's not just crypto exchanges that are getting mirrored but even DeFi websites and platforms. The market has been good in recent times and on the other hand, it acts as an incentivize for hackers to try and break stuffs since there's plenty of liquid money rn.

Not randomly clicking links + triple checking URLs before clicking them have been the best way to avoid being a victim.

It's not only limited to the cryptocurrency world but also in pretty much every service that involves money. I've also seen phishing bank websites, fake PayPal, Western Union, and plenty of other platforms. It's probably one of the oldest internet scams in the book, if not the oldest, and still works to this day. It's astonishing how realistic some of them look, while I've also fallen victim to a Discord scam a few years ago, where a fake moderator prompted me to a phishing Dapps website. I also saw a post recently with a fake Binance website as well, it was one of the most well-made scams I'd seen.

[jcojci]

Always make sure you write the right domain name of the website. I always save the domain name in a file for a list of website that I often visit and make sure that I have the right website. I experienced visit on the wrong website but I immediately close the tab on my browser because I see something wrong. A scammer will use a wrong domain name to trick their target. Once their target doesn't check the domain name, they will get the scam and will lose their assets.

[Sticky Bomb]

It is difficult for a single phishing link to attract $20 million, and I do not think that one person is capable of running such a system or investing in it, especially in India, where $2 million to $5 million is enough for a happy life.

It depends on the financial capacity of their catches, it could even generate more if they trap a big fish in their nets couple of times and yeah, you can't tell how long this has been going before their apprehension and they might even have been setup with bigger funds by the security agencies to enable them track them accurately and all was summed up in the scammed amounts the media reported.

A scammer is greedy and takes out as much as he can and even continue until the loophole is blocked, $2m might be enough in your own judgement, but the scammers would always want more until they can no longer have it.

5 years to get $20 Million is worth it.

I believe that the court ruling will confiscate that money or it may be returned to those who were scammed if there are understandings between India and the United States.

I think not much concerns the Indian government in the funds movement, the crime was committed in North Carolina targeting North Carolina victims, the funds converted to crypto currencies, so I believe it's the exchanges that would be asked to return the remains of what he's squashed on expensive trips and lavish lifestyle he's lived out of scammed funds.

[GiftedMAN]

The issue of fake url is something that has proven to work for  scammers over and over and this is because most people who visit these fake sites hardly ever notice the difference between the fake and original url because of the minor changes in the name of sites. There are lots of these schemes online and some of them are not even the office website but the fake representative of the actual firms like customer service, I think I had an encounter similar when I tried reaching out to kucoin on Telegram, there are so many fake customer service personnel in which if you are nor careful would fall into their hands.

It's working for them because people have been too ignorant and careless in this online space, and the majority of the people who fall victim to such are those who feel too lazy to type the URL they want to visit in full or even bookmark it on their last visit. They always prefer to visit a search engine and search for the name of the website and allow Google to suggest it for them, which they immediately click on without even giving it a second thought.

I agree with you, speaking from experience, I was very very interested in finding out things about a particular company I decided to do a little finding about them instead of typing the URL completely I used Google to make the work easier but I was made to understand that I actually visited the wrong site. Scammers knows how to change few things in the site to help them get into people who I think feel very lazy to do a proper background check before doing things in the Internet so they try as much as possible to stay very smart because they believed that people will always fall victim anytime.

If only people will have time to do things on their own without looking for short cut I believe they will make things difficult for scammers but I doubt it people will learn from the experience of others.

[CryptSafe]

These days scammers are now sophisticated that they can do and undo in the internet without having any issues not till their tricks are discovered and people are  fully informed and aware of it then they device another means to continue perpetrating their evil acts. However, it is very important that we do a proper verification of the website we are visiting to keep ourselves safe from scammers. Before imputing your details properly look at the links to see for yourself if it is the real link, words for words as every alphabet and letter matters in this situation. Always type the link and not use autofill because that is how they get through to details only. They first send you malware then they keep monitoring your system and sending your phishing links to steal your details which you would not be aware of. When you make the slightest mistake, they get you through it. 

[Moreno233]

Indian national sentenced for alleged $20M crypto scheme in North Carolina, abroad

Chirag Tomar a 31 year old stole crypto from hundreds of people. Him and his co-conspirators created a fake website Pro.Coinbase.Com which is a scam website and similar to Coinbase website.

Users will input their login details on the fake website which is used to know their login information. Also it is used to know the users authenticator information. Some users were tricked and their devices were remotely accessed.

You need to read it for better details: https://www.cbs17.com/news/north-carolina-news/indian-national-sentenced-for-alleged-20m-crypto-scheme-in-north-carolina-abroad/amp/

Tomar was sentenced to five years in prison and two years of supervised release.

It is good to know and only visit the correct URL of a website. If you do not know the correct URL, you can get it from site like Coingecko and Coinmarketcap.

I am actually surprised that the scammer could succeed in the US, a country that have high computer literacy. The trick deployed by the scammer is actually easy to spot by just looking at the domain but people still got scammed anyway. Things that could make people fall for this scam are being in a hurry and being complacent. These are two things that are very common these days and make people ignore the need to double check everything even when money is at stake. Maybe this will serve as a lesson to all on the need to check things properly despite the pressures or busy schedule.

[Roseline492]

Always make sure you write the right domain name of the website. I always save the domain name in a file for a list of website that I often visit and make sure that I have the right website.

Writing a domain name of the website on a notebook is one thing and another thing is also making sure you get the right link of the website saved somewhere on your smartphone so that with a single click you are on the website but if someone save only the name their could be a chance of getting into the wrong website because those scammers always targets the the website URL and if you have only the name you can mistake the wrong website to be the real one, however I usually observed a website whenever I visited it so that if i should visit it later and saw some unusual things I will always be sure of it before doing anything.

[PX-Z]

Always make sure you write the right domain name of the website. I always save the domain name in a file for a list of website that I often visit and make sure that I have the right website.

Writing a domain name of the website on a notebook is one thing and another thing is also making sure you get the right link of the website saved somewhere on your smartphone so that with a single click you are on the website...

Bookmarking a website to your favorite browser is pretty simple and useful, as typing the url will always recommend those bookmarked website/url first and regularly visited sites, accessing notes is one thing its much a hassle.

Phishing URLs are easy to detect when typing, but if it's paired with good strategy and it stayed in 1st page of google page as ads which is sometimes are difficult to observed and always thought as the original one, it could lead a more problematic scene, that's why google ads snd other social media ads has big contribution on such incidents.

[Wiwo]

What that dude and his hommies really suck up 20 millions, that huge amount and this should have be detected before now, but seeing that total figure is so alarming and to the fact that this fake exchange have similar but not same name with a popular reputable well known exchange, coinbase but by mere look at the domain name, it should have been easy to spot the scam in between, but this scheme are mostly newbie targeted a d at such we have to accept the obvious truth that we will be having such scam developments around the industry.

Indian have become a major market for scammers lately, and at that seeing this case is not a new or a supprising thing for me, at least the is the second big scam scheme coming from Indian in the space of two yearz, the previous one was the other trading exchange which turn out as scam and pulled away with billions of investors funds and this one again which is enough for us to keep creating awareness about this manner and wave of scam.

[avp2306]

Always make sure you write the right domain name of the website. I always save the domain name in a file for a list of website that I often visit and make sure that I have the right website.

Writing a domain name of the website on a notebook is one thing and another thing is also making sure you get the right link of the website saved somewhere on your smartphone so that with a single click you are on the website...

Bookmarking a website to your favorite browser is pretty simple and useful, as typing the url will always recommend those bookmarked website/url first and regularly visited sites, accessing notes is one thing its much a hassle.

Phishing URLs are easy to detect when typing, but if it's paired with good strategy and it stayed in 1st page of google page as ads which is sometimes are difficult to observed and always thought as the original one, it could lead a more problematic scene, that's why google ads snd other social media ads has big contribution on such incidents.

This is actually what I do since its will be so good if we have the right url and we just need to enter so that there would be no other confusing things that could able to disturb us. But also even if we bookmark the real url. We still need to check if we are still in right site. Checking for multiple times should be that so we can make sure that  everything is good and we are not been penetrated by hackers.

Phising links is so dangerous and they really want to confuse people to fall on their site that's why we need to verify always about what we are trying to access. Those phising url is really easy to detect we just need to watch closely on what we are entering since we could easily notice if we are paying close attention on each details we are typing.

[Kelward]

In light of the recent attacks via phishing and social engineering, I'd like to confirm this to be true. It's not just crypto exchanges that are getting mirrored but even DeFi websites and platforms. The market has been good in recent times and on the other hand, it acts as an incentivize for hackers to try and break stuffs since there's plenty of liquid money rn.

Not randomly clicking links + triple checking URLs before clicking them have been the best way to avoid being a victim.

It's not only limited to the cryptocurrency world but also in pretty much every service that involves money. I've also seen phishing bank websites, fake PayPal, Western Union, and plenty of other platforms. It's probably one of the oldest internet scams in the book, if not the oldest, and still works to this day. It's astonishing how realistic some of them look, while I've also fallen victim to a Discord scam a few years ago, where a fake moderator prompted me to a phishing Dapps website. I also saw a post recently with a fake Binance website as well, it was one of the most well-made scams I'd seen.

Online scams are not limited to cryptocurrency, every areas of finance is prone to scams, so people needs to be extra careful when clicking anything online. Specifically the crypto space is a hub for scammers and hackers, there are lots of phishing sites, if a person is not very familiar with what they're clicking they could become victims of scammers. Diligently verifying URL is very important to avoid being a victim of scammers, we cannot overemphasize the importance. It's very worrying that even reputable sites like play store can not be totally relied on to download authentic apps, so we should always be extra cautious.

[Taskford]

In light of the recent attacks via phishing and social engineering, I'd like to confirm this to be true. It's not just crypto exchanges that are getting mirrored but even DeFi websites and platforms. The market has been good in recent times and on the other hand, it acts as an incentivize for hackers to try and break stuffs since there's plenty of liquid money rn.

Not randomly clicking links + triple checking URLs before clicking them have been the best way to avoid being a victim.

It's not only limited to the cryptocurrency world but also in pretty much every service that involves money. I've also seen phishing bank websites, fake PayPal, Western Union, and plenty of other platforms. It's probably one of the oldest internet scams in the book, if not the oldest, and still works to this day. It's astonishing how realistic some of them look, while I've also fallen victim to a Discord scam a few years ago, where a fake moderator prompted me to a phishing Dapps website. I also saw a post recently with a fake Binance website as well, it was one of the most well-made scams I'd seen.

Online scams are not limited to cryptocurrency, every areas of finance is prone to scams, so people needs to be extra careful when clicking anything online. Specifically the crypto space is a hub for scammers and hackers, there are lots of phishing sites, if a person is not very familiar with what they're clicking they could become victims of scammers. Diligently verifying URL is very important to avoid being a victim of scammers, we cannot overemphasize the importance. It's very worrying that even reputable sites like play store can not be totally relied on to download authentic apps, so we should always be extra cautious.

It really happen everywhere its just we are aware on what's happening in the cryptocurrency scene since this is the industry where we put our focus. For sure those incident like phising and other related schemes to scam people will exist so what we can at least do to contribute good and save people to get wasted from this scam is to warn them and educate them that they should never feel safe around especially when they try to access any site especially if they are want to deal some money on those platforms.

We should not rely on Playstore towards regulating their apps since don't know how they verify if what they listed is legit. What we can do is to be aware and don't fall on obvious scams so that these scammers cannot get something from us.

[CryptopreneurBrainboss]

Indian have become a major market for scammers lately, and at that seeing this case is not a new or a supprising thing for me, at least the is the second big scam scheme coming from Indian in the space of two yearz, the previous one was the other trading exchange which turn out as scam and pulled away with billions of investors funds and this one again which is enough for us to keep creating awareness about this manner and wave of scam.

Indian has always being one of the homes of scammers, the numbers are just increasing recently because of the economy crisis in the country and the high rate of population increases.

There aren't no job available for the youths and the government aren't doing something fast enough to tackle all the problem the country is facing therefore we can keep expecting more cases of scams coming from the country. Scams isn't something that can be eliminated although it can be reduced with the targeted victims being cautious about their finances. The industry isn't one that funds lost can be easily retrieved therefore we have to be always careful about anything we do to avoid being the victim.

[avp2306]

Indian have become a major market for scammers lately, and at that seeing this case is not a new or a supprising thing for me, at least the is the second big scam scheme coming from Indian in the space of two yearz, the previous one was the other trading exchange which turn out as scam and pulled away with billions of investors funds and this one again which is enough for us to keep creating awareness about this manner and wave of scam.

Indian has always being one of the homes of scammers, the numbers are just increasing recently because of the economy crisis in the country and the high rate of population increases.

There aren't no job available for the youths and the government aren't doing something fast enough to tackle all the problem the country is facing therefore we can keep expecting more cases of scams coming from the country. Scams isn't something that can be eliminated although it can be reduced with the targeted victims being cautious about their finances. The industry isn't one that funds lost can be easily retrieved therefore we have to be always careful about anything we do to avoid being the victim.

If you look at this youtuber https://www.youtube.com/@ScammerPayback/videos we can see that common nationality he found are Indians. Maybe they are common people we see online but I guess what more worst that them is Nigeria since scamming is also rampant in that country.

This is also the top 10 scamming countries https://siccura.com/top-10-scamming-countries-in-the-world-to-be-aware/

But even if they are top countries doing this illegalities, I still believe that there are still many good people out there. Its just those online criminals just stain their country and give bad impressions to their nationalities. We really need to be more careful since there are so many criminals online, we should be at least get aware on methods they do, so we can get away with their possible attacks.

[SquirrelJulietGarden]

Indian has always being one of the homes of scammers, the numbers are just increasing recently because of the economy crisis in the country and the high rate of population increases.

I don't say any country is a home of scammers.

People all can change with education, government, law and enforcement, people can change from good to bad, bad to good generation by generation. I asked ChatGPT and the answer with italicized sentences are the same like my opinion.

I don't say either India or Nigeria mentioned in ChatGPT's example as a home of scammers.

What country is a home of scammer?

Scammers can be found in many countries around the world, as online fraud is a global issue. However, some regions are more frequently associated with high levels of scamming activity, often due to economic factors, lack of regulation, or organized crime. Countries like Nigeria have gained notoriety for certain types of scams, often referred to as "419 scams," but it's important to remember that not everyone from these countries is involved in scams. Fraud can happen anywhere, and it often crosses borders, making it a widespread challenge.

[CryptopreneurBrainboss]

I don't say any country is a home of scammers.

Common now,  I'm not trying to say India is the only country known for scamming I said one of, which means there are others. My country Nigeria is also one of them and it's because of the bad government and economy disaster in the country. There are countries known for a particular type of crime and scamming is one associated with India just as corruption is to Nigeria. When we mentioned countries that have many reported cases of scammers, there are some countries that has to be mentioned and India is one of them (the stats don't lie). Like I said, if the government do something about their economy crisis, things can change same for other countries too. I don't wish being known as scammers on any country because it spoils alot for innocent citizens and I have been a victim of this too.

[Fiasem20]

It is good to know and only visit the correct URL of a website. If you do not know the correct URL, you can get it from site like Coingecko and Coinmarketcap.

Phishing attack has always been one of the most tricky scam in the crypto space that is used to dupe victims of their funds, phishing attack has been in existence even before the crypto industry came into existence so it's not a new strategy.One thing about most folks in this industry is they're just too ignorant to educate themselves on crypto scams,once they fail to they become victims and learn from the hard way.I know I'm not an expert when it comes to crypto scam but from what I've learned so far on crypto scam I can't be so stupid to fall as a victim.Cyptro enthusiast shouldn't be lazy to check URL if it's fake or legit because scammers are not lazy to steal victims funds.Avoid sites that are too good to true because majority of those sites are managed by scammers with the intention to steal victims credentials and logins.Fake exchanges can easily be detected because they always claim to be a successor of a legit exchange,this is an example of a fake exchange that was accused of being a successor to BTC-e;

WEX Exchange (formerly BTC-e): WEX Exchange emerged after the shutdown of the infamous BTC-e exchange in 2017. Accused of being a successor to BTC-e, WEX was allegedly involved in money laundering activities. In 2018, the exchange went offline, and its operator disappeared with users' funds, estimated to be worth hundreds of millions of dollars in digital assets.

[Ultegra134]

If you look at this youtuber https://www.youtube.com/@ScammerPayback/videos we can see that common nationality he found are Indians. Maybe they are common people we see online but I guess what more worst that them is Nigeria since scamming is also rampant in that country.

This is also the top 10 scamming countries https://siccura.com/top-10-scamming-countries-in-the-world-to-be-aware/

But even if they are top countries doing this illegalities, I still believe that there are still many good people out there. Its just those online criminals just stain their country and give bad impressions to their nationalities. We really need to be more careful since there are so many criminals online, we should be at least get aware on methods they do, so we can get away with their possible attacks.

We can't deny that it's certain countries that are known for the scam centers, and those usually include India, Nigeria, or other third-world countries. The reason is simple: poor economy, lack of jobs, and scammer's mentality, in conjunction with poor governance, which allows these scam centers to function, ignoring their presence because they're corrupt. There are a few YouTube channels that focus on shutting them down, finding millions in transactions from western victims. Where is this money going? Another channel was showing that the average call center "worker" was dealing with thousands of dollars per day.

[albon]

We can't deny that it's certain countries that are known for the scam centers, and those usually include India, Nigeria, or other third-world countries. The reason is simple: poor economy, lack of jobs, and scammer's mentality, in conjunction with poor governance, which allows these scam centers to function, ignoring their presence because they're corrupt. There are a few YouTube channels that focus on shutting them down, finding millions in transactions from western victims. Where is this money going? Another channel was showing that the average call center "worker" was dealing with thousands of dollars per day.

Despite the reasons you mentioned that may make scammers increase in these countries, it does not matter much to me where these scammers come from, as they are already present in all countries of the world, and if there is someone who has been arrested and identified, such as this scammer who mimics Coinbase exchange and succeeded in defrauding people, then this punishment he received may prevent scammers from repeating what he did and may make them more careful in hiding their identities than before.

This may make everyone more cautious in preserving their capital because the techniques of Scammers and their crimes are endless, and governments may not be able to pursue them, so it is necessary to deal with official links with legitimate exchanges, as search engines and the Internet in general are not free of fraud represented in fake exchanges, phishing sites, applications and browser extensions and the like, so these topics and news may draw the attention of beginners to conduct sufficient research and pay full attention to the platforms and links they use because the matter is bitter if we do not shed light on it and increase their awareness.

[Ultegra134]

Despite the reasons you mentioned that may make scammers increase in these countries, it does not matter much to me where these scammers come from, as they are already present in all countries of the world, and if there is someone who has been arrested and identified, such as this scammer who mimics Coinbase exchange and succeeded in defrauding people, then this punishment he received may prevent scammers from repeating what he did and may make them more careful in hiding their identities than before.

This may make everyone more cautious in preserving their capital because the techniques of Scammers and their crimes are endless, and governments may not be able to pursue them, so it is necessary to deal with official links with legitimate exchanges, as search engines and the Internet in general are not free of fraud represented in fake exchanges, phishing sites, applications and browser extensions and the like, so these topics and news may draw the attention of beginners to conduct sufficient research and pay full attention to the platforms and links they use because the matter is bitter if we do not shed light on it and increase their awareness.

Scammers are a worldwide phenomenon; it's not like all of them are situated in India or Nigeria; they're also in European countries as well as the U.S.A. However, their country of residence matters, because in third-world countries, they are rarely prosecuted. More often than not, these scammers will portray that they're calling from a western country, but in reality, they're using a VPN and are masking their true identity. If you watch the YouTube channel another user mentioned earlier, along with a few others that are out there, you'll be astonished at how many call centers are there.

They say that prevention is better than cure, and it's true; educating the world to avoid these scams would eventually lead to them shutting down due to the lack of victims to scam; however, this is a panafea scenario that's never going to happen. They'll always find a naive person to scam; they'll always be on the job. Unless there are real consequences to their actions and a real threat of being caught and thrown in jail, this phenomenon won't stop or diminish.