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Scammers are flooding the Internet with fake websites


Mar 02, 2018 Posted /  3508 Views


Scammers are flooding the Internet with fake websites

Cryptocurrency scams are rising at a rapid pace, and it seems that the scammers are increasingly profiting from the popularity of the cryptocurrencies. Some subreddit forums grabbed the attention towards the dubious new websites that have secretly unfolded in the past few months and have set new levels for scamming.

The scammers are creating websites that look exactly similar to some of the famous and most prominent cryptocurrency exchanges and sites. And, not only this they have found a way to make their website addresses (URLs) appear twin to the real URLs.

Most of the victims of these websites are uninformed and new crypto-traders who just want to invest in cryptocurrencies after learning through media about their popularity as investments. You will sorry to hear the stories from these persons who have lost their hard-earned money to the frauds.

Look for the green "https" and certifications

The cryptocurrency traders who are experienced in the domain, obviously know that they have to look for the green "https" tag that appears before the website's URL in the address bar of the browser. Nonetheless, we suggest you be more cautious and further look for the exact name of the URL next time you sign up for any cryptocurrency exchange and same services.

A user on the Reddit with the account name "chrysotileman" posted a screenshot of the exchange called "coinsmarkets.com." If you are watchful, you can easily find out if the website is fake or legitimate. It is easy to find out with little vigilance as these exchange websites will not feature any proper certification to validate it is a trusted site or not.

Make sure that you are entering "secure" websites that have green "https" before the URL. If there is no such green https sign, it means that the website and its related company has not obtained the authentic Secure Sockets Layer certificate. An SSL fundamentally depicts that the company behind the site can be trusted and has acquired proper licensing.

If you search for Coinsmarkets.com, you will find that the website does not even have green "https" sign to suggest that the website address is "secure." On the other hand, the https is greyed out suggesting that it is not "secure" and it is not regular "https" address. Frequently, scam sites are taken down immediately as soon as they get detected. Similarly, if you will now try to visit coinsmarkets.com, the website will display an error message.

The Identical Twins

The scammers seem to use brains for every possible move of detection. It appears that they want to make it increasingly hard for any layman to find that their website is a complete scam.  Scammers now have also found ways to display the green "Secure" and "https" in the website URL address, and they make an amazingly ingenious change to the website's address.

Now, at first glance, the URL will resemble the website address of the famous cryptocurrency exchange Binance, and you may find it legitimate, as you can apparently see green "https" before the website URL.

We are not sure how scammers do this, as they obtain an SSL certificate, which authorizes them to add that trustworthy green "https" ahead of the URL. Nonetheless, it's also apparently pretty easy to get an SSL certificate from a less prominent certificate issuer.

If you scrutinize it, you will find that there are small dots under the letter "n" in the word "binance," which is not present in the original website or the company. This means that you can identify the fake website, but you have to be watchful. The two dots under the Binance URL suggests that you're not honestly looking at or operating the original Binance site. So, it is an entirely different website created by scammers that looks like an identical twin to the Binance.

Don't enter your login details

Initially, you may find the website look exactly same to the original site of a famous company. But as the naive user tries to log in their details, the scammers record your login credentials and then utilize it for stealing your currencies and even your stored fiat currency funds.

A Reddit user "evantbyrne" elucidating on the original post said, "I've known about this for a while, and I still had difficulty spotting it in the screenshot..." Indeed, those dots can simply pass off as spots of dust on your monitor. The dots under the letter are far more deceiving and powerful than employing a number that resembles comparable to a letter, like using the number "1" instead of the letter "i."

How to avoid scam websites?

The best way one can circumvent a scam website is by manually typing the URL address. It will be best that you write the exact name in the browser window which is you want in your browser's address bar. If you repeatedly visit that site, you can create a shortcut on your browser's or create a bookmarks toolbar. It is always better that you double check the address when you visit a website as an overlook can cost you heavily.  


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