Fake crypto exchanges Purchase or exchange 50+ cryptocurrencies

You won’t surprise anyone with a cryptocurrency exchange from scammers: the interest in decentralized digital currencies is great, regulation has not really matured yet, and it is very convenient for various attackers to fish in the troubled waters of the gray zone.

Swindlers always act for their own earnings, but they do not shy away from the modern foundations of building business processes. Therefore, they also try to invest less effort and at the same time get more income. To do this, crooks are switching to in-line production, optimizing their own labor costs, including in terms of the production of bait sites. Therefore, on the network you can observe a whole series of cloned sites, with the help of which gangs of scammers swindle people according to the same scenario. We understand in order.

What crypto exchange scammers offer

The bait in this series of clones is a crypto-exchange with additional services, which at the same time promises a full range of specialized services and additional earning opportunities from above.

Exchanges with the title slogan Purchase or exchange 50+ cryptocurrencies simultaneously offer:

• own crypto wallets,
• storage service,
• sales and purchases,
• exchange,
• money transfers.

In addition to earning on the exchange rate difference in the case of the acquisition and sale of an asset, they promise a profit by participating in pumps. There is evidence from a client of one of the cloned cryptocurrency exchanges, BitYel.com, that after registering, he received a tempting offer to earn on cryptocurrency pumps. With the traditional swindlers' attempt to present the offer as an exclusive, which is about to end and you need to rush to send money. Because only for us, only for you (the owner of the newly registered account) and only now, the super promotion will end in 17 hours and 43 minutes, the countdown counter is on.

Messages were sent via Telegram, in which scammers often change contacts, but a screenshot of one of the messages has been preserved on the network, which we show.

It is especially pleasant for beginners to get into the company of serious cryptans right off the bat, who jointly influence the market and are able to organize a real pump together, i.e. the planned pumping of the value of a particular coin with the aim of its further sale at the peak of the price. It is enough to make a deposit and you can work like a big one.

In parallel, newcomers are additionally warmed up with the promise to double the deposit with the help of bonuses to those who deposit an amount of 0.03 BTC into the account. By the way, there is no provision on the bonus policy on typical sites of clone crypto-exchanges. However, generous gifts with a trick are one of the favorite tricks of financial scammers. Further, it turns out that the presented bonuses need to be worked out many times and a lot more of their own money must be paid in order to unlock the possibility of withdrawing funds. Also, however, illusory. Of course, all the money sent increases the revenue of the scammers, not their investors.

Clone crypto exchanges Purchase or exchange 50+ cryptocurrencies

By cloning, scammers work out the cycle of deception with very short-term projects. Moreover, the insignificant lifetime of fake crypto-exchanges suits them quite well, according to the principle “can’t you prevent it? lead!" Decent anti-virus programs swear at the sites of fraudulent crypto exchanges, providers, on the proposal of supervisory authorities, block access to them. However, all this is reminiscent of the fight against the mythical hydra: a dozen new ones are being launched in place of one blocked scam exchange.

Another nice bonus of ephemera is independence from negative reviews. Of course, deceived customers vent their dissatisfaction online, seeking to ruin the reputation of the offending company. The reaction of deceived users simply does not keep up with the frantic pace of changing domains and project names, respectively. The complete absence of reviews, of course, can alert, but much less than the abundance of negativity: maybe the project has only recently been launched and offers especially favorable conditions at the stage of its promotion. Or he has gained international experience, but has just entered Runet.

Scammers assemble their crypto-exchange clones from the same templates. Only the name changes, the choice of which is easy and simple - according to the domain name, which was adapted for the next duty site of the scam.

Pay attention to the title illustration, the one at the beginning of this chapter and the next one. All these are screenshots of the main pages of different clones. They differ only in the name in the upper left corner. Fraudsters do not change the colors of the design, do not redraw the logo in the belief that it will work anyway. Other serial scammers who spawn fake banks and payment systems turned out to be more industrious and developed two whole design options for the main page, which are cloned in a circle.

Only the phrases Buy and sell cryptocurrency can be counted as a business card of this series. Fast and secure way to purchase or exchange 50+ cryptocurrencies on all identical sites.

Here is a list of cloned scam exchanges noticed by the Broker Tribunal experts. We do not pretend to be absolute completeness, since the crooks are extremely prolific and do not slow down the pace taken from mid-2022. As new sites are discovered, we will supplement this list, and we also invite readers to send their own finds.

bitrumix.com, bitsidax.com, bittroniex.com, bitfidax.com, bitsatax.com, bitwimex.com, bitrunex.com, bitwimix.com, bitjabex.com, grandfex.com, bitsadax.com, bitrudex.com, bititrex. com, octexcoin.com, bitravix.com, bitferix.com, bitwerax.com, bitmurix.com, bitmarix.com, bitwamex.com, bitwemex.com, cryptojix.com, coinann.com, bitfitnex.com, bitfijax.com, bitfawix.com, bitruma.com, bitrata.com, bitfiwex.com, cryptofiwex.com, swapcexron.com, cryptoroniex.com, bitzimex.com, bitzafix.com, bitwairex.com, bitschainex.com, bitconveno.com, bitxop. com, cryptowermix.com, taxebit.com, tinexido.com, swappolenex.com, grandfex.com, bitarzmex.com, bitguffex.com, bitfizex.com, bitwemix.com, bitwano.com, bitairex.com, bitgerax.com, qarixbit.com, bublax.com, bitrapa.com, bitfullnex.com, aflexbit.com, bitcerax.com, bitfadex.com, bitfadix.com, bitfariex.com, bitfater.com, bitfedax.com, bitferax.com, bitfirax. com, bitfitmax.com, bitfomax.com, bitfomix.com, bitfullex.com, bitgarex.com, bitgarix.com, bitgifax.com, bitjadax.com, bitjarex.com, bitjetax.com, bitjimax.com, bitmirix.com, bitnarix.com, bitnomex.com, bitopix.com, bitramex.com, bitranux.com, bitrunix.com, bitsadex.com, bitsafix.com, bitsaitex.com, bitsamix.com, bitsanix.com, bitsarix.com, bitsatix. com, bitsitex.com, bituptrade.com, bitwamix.com, bitwarex.com, bitwirax.com, bitwizex.com, bitzanix.com, bitzibmex.com, cemexcoin.com, crypoby.com, shaogindex.com, zollabit.com, bitwasex.com, bitfoxi.com.

Pitfalls of the client agreement of a crypto-exchange-clone

Each decent exchange must have its own Terms of Service: without this, it is indecent and implausible. Here, too, there is - of course, the same text on all sites. It is stuffed with various traps. When reading, it becomes clear exactly how they will breed here, except for the banal “they will accept all investments and return nothing.”

Why do scammers so reveal their intentions in contracts? They do not risk anything from this and receive a solid benefit. People who carefully study the text from cover to cover and notice all the subtle and problematic places in time, in any case, are not their target audience. And those who signed without reading it can be poked into robbery points, thereby giving the robbery the illusion of legality and pulling out more money. Let's show selected pearls from the client agreement of the crypto-exchange-clone.

Items from 4.15 to 4.19 show that seemingly small requisitions will be summed up and accumulated like a snowball. Fraudsters will pinch off the mandatory insurance premium of 2.5 %, another 3.5 % for taxes. You will also need to pay extra for the status of a premium account, which is not voluntary, but, as stated below, is required to open access to a number of opportunities, including the withdrawal of your own money. Those. for the premium at any time will be required to pay.

The horse fine of 0.05 BTC prescribed in clause 4.17 shows that fraudsters will at any time falsely accuse the user of creating a multi-account or something else, block the money and begin to extort a fine, after which the account will supposedly be unfrozen and allowed to withdraw funds . No matter how.

Section 12.6. direct greetings to the Russians, whom crypto-exchanges, despite exclusively English-language sites, are eager to see among their clients, moving forward in Russian-language telegram channels.

“A country with a high degree of risk due to international sanctions” is, of course, about the Russian Federation. Its residents are charged special commissions of an unspecified scale and an increased insurance premium. Which they promise to return in 14 days if the client is not seen in any illegal or suspicious activity. However, scammers will always find something to complain about in order to try to lure out a fine, taxes and other endless requisitions.

Conclusion

How not to fall for the bait of such scammers, given that it is not easy and simple to identify the clones of the exchange of interest? And you can’t count on the availability of official documents like brokerage licenses either - the regulation of crypto exchanges is too raw.

It remains to be recommended to monitor the presence of reviews, work experience, and also carefully read the texts of client agreements for the traps hidden in them.