Beware of Scam-Baiting Websites
Cybertrace is issuing an urgent alert for a range of potential scam-baiting websites. There is a high likelihood that the following websites will utilise your personal details for nefarious purposes. By selling your details to scammers or using them to scam you themselves, they are taking advantage of you. Do not trust them! We are hereby warning against entering any personal information into the following websites as they are very likely fraudulent. Please note that we haven’t independently investigated and verified every single website as linked to a scam. Our analysts even think a couple of the below websites could potentially be legitimate. However, we have strong reason to believe that the vast majority of these domains are likely linked to fake crypto and forex trading scams. Furthermore, our extensive investigations have confirmed that many are definitely scam websites.
How does scam-baiting work?
Similar to an affiliate marketing scheme, scam-baiting websites work on behalf of scammers to funnel potential targets their way. They do this by onselling personal details that victims entered voluntarily after being enticed by get-rich-quick promises and glamorous lifestyle depictions. As soon as they have secured these personal details, they then sell these to different scam syndicates. In some instances, the scammers might even operate scam-baiting websites themselves. Either way, scammers will then contact victims and use their well-honed tactics to lure or pressure them into “investing” money. Before they know it, many victims have ploughed in more and more of their hard-earned cash. In the end, they are left with nothing by these ruthless scammers.
How do I protect myself against scam-baiting websites?
The best protection against modern scam-baiting websites is to utilise your critical thinking skills and follow an old adage. If it sounds too good to be true, it probably is. The only way that fraudulent websites can be successful is to get you to suspend your disbelief and critical thinking skills. They do this by preying on many people’s desires by portraying an alluring life of glamour based on no effort. Featuring fast cars, fancy yachts, and beautiful people, crypto trading is presented as a hassle-free way to get rich quickly. But the only people living the high life will be the scammers taking off with your hard-earned money!
What signs should I look out for?
A closer look at many of the websites shows that they are based in Bulgaria or Estonia. While these are beautiful countries, they are also jurisdictions without a comprehensive financial regulatory framework. In other words: perfect locations for scammers! Furthermore, reverse Google image searches reveal that many scam-baiting websites use stock images photos for fake testimonials. These are just some of the signs to look out for to protect yourself from scammers.
What do I do if they have already scammed me?
Please beware and exercise a high degree of caution regarding the likely scam-baiting websites identified in our alert below. If any of them have already used your personal details to defraud you, don’t despair! Contact Cybertrace today to see how our experienced investigators can help you identify the culprits, so you can work with the police and your lawyers to get your money back.
Beware of Potential Scam-Baiting websites
Beware of entering any personal information into the following websites as they are likely to be fraudulent. Exercise great care and due diligence before any investments.