Scammers Setup Fake Binance Linksom To Trick Cryptocurrency Novices

The rising popularity of cryptocurrencies has given scammers a chance to make quick bucks by tricking the cryptocurrency novices. Reddit users have discovered some fake Binance linksom on Google that are designed to look like the real Binance webstek. Notably, Binance might not be the only cryptocurrency exchange desk targeted by scammers. You have to be careful if you are a new-comer ter the cryptocurrency business.

Photo Source: davidroberts45 / Reddit (screenshot)

They are not stealing your credentials but…

TheNextWeb reports that thesis fraudulent pages aren’t designed to steal your login credentials, but you can’t rule out the possibility of accidentally landing on a fake pagina that attempts to steal your credentials. The fake Binance linksaf that Reddit users spotted were merely forwarding visitors to the official Binance webstek. But they take you to the official Binance toneelpodium through an affiliate URL.

Websites that use affiliate linksom tend to make money from business referrals. For example, the fake Binance linksaf could be the affiliates of Binance, and they will receive 20% of the trading fees of any signees they bring to the Binance exchange desk. Binance’s affiliate terms read, “The commission you receive from the referral program will originally be set at a rate of 20 procent. This will then be adjusted after a certain period of time based on the situation.”

Binance says further that the “fee commission will be sent instantly ter real-time” to the Binance account of the affiliate vrouwen. It means those fake Binance linksaf get paid a referral toverfee spil soon spil you finish each trade. The exchange desk pays them te the same token/cryptocurrency that you used to pay the toverfee.

How not to fall victim to fake Binance linksom

Many Reddit users have urged their fellow members who landed on fraudulent pages to report the fake Binance linksaf for phishing. According to TheNextWeb, Google has now liquidated them from search. But more fraudulent linksaf could show up te the future. The illegitimate pages use a mechanism called Punycode to “represent Unicode within the limited character subset of ASCII.” It permits them to display even the malicious domains spil legitimates ones. It could lightly confuse the fresh cryptocurrency traders.

Reddit user Logan991 says the best thing you can do is to bookmark the login pages of all the cryptocurrency exchanges you trade ter and go to those exchanges only from the bookmarks. There are a few ways to tell the genuine websites speciaal from the fake ones. One is to check the SSL certificates ter the upper-left corner te the web browser. Unluckily, the hackers still have a few tricks up their sleeves to make it almost unlikely to spot the fakes.

TheNextWeb also found that the fake Binance linksaf don’t usually update the exchange rates ter real-time. The official Binance webpagina shows you the real-time exchange rates. Binance is one of the world’s largest cryptocurrency exchange desks. Its large user base makes it a lucrative target for attackers. The fake Binance linksom appeared just weeks after hackers stole $64 million from NiceHash, a cryptocurrency mining market.

Scammers also targeting other cryptocurrency platforms

Binance is far from the only cryptocurrency verhoging targeted by scammers. A few months ago, Bitfinex warned its users that scammers had created a “phishing website” that “closely resembles bitfinex.com.” The hackers used the domain name “bitfienex-com.”

Be aware: a phishing webstek is online that closely resembles https://t.co/VJg06pe7uT The attackers are using domain bitfienex-com

Last month, a fake Ethereum wallet app had climbed to the top of the iOS App Store, sitting on the third spot ter the finance category. The fake MyEtherWallet.com app would cost users $Four.99, and wasgoed supposedly permitting people to manage their Ethereum wallets and store wallet keys. Interestingly, the app had successfully got past Apple’s app review process and wasgoed ter the App Store for more than a week.

This is NOT US. Wij have verkeersopstopping reports and emailed and reported. Would appreciate the communities assistance te getting thesis scamtards out of our lives.

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