How to identify a fake "Binance's Token Launch" page

What is the fake "Binance's Token Launch" site?

In our evaluation of the website (launchbad-binanace[.]com), we identified it as a fraudulent page impersonating the genuine Binance cryptocurrency trading platform (binance[.]com). The aim of this scam is to deceive unsuspecting individuals into taking actions that lead to the loss of their cryptocurrency.

IMPORTANT NOTE: We do not review crypto projects, please do your own research when investing money.

Federal Trade Comission (FTC) states that since the start of 2021, more than 46,000 people have reported losing over $1 billion in crypto to scams – that's about one out of every four dollars reported lost, more than any other payment method.

"Binance's Token Launch" fake platform in detail

Binance stands as one of the world's leading cryptocurrency exchanges, offering a venue where users can buy, sell, and trade an extensive array of digital currencies. Since its establishment in 2017, Binance has diversified its offerings, encompassing services such as spot trading, futures trading, staking, savings accounts, and beyond.

Launchbad-binanace[.]com is a fake website mimicking the design of the official binance[.]com site. The scam site purports to be Binance's Token Launch Platform. It features a disclaimer warning users about the high-risk nature of investing, advises against investing money that one cannot afford to lose, and makes it clear that investors should not expect any protection if the investment goes sour.

Furthermore, launchbad-binanace[.]com instructs users to log in by "connecting" their wallets. However, this purported wallet "connection" process actually involves signing a malicious contract, triggering a cryptocurrency draining mechanism. This drainer transfers cryptocurrency from the victim's wallet to the scammer's.

Once victims send cryptocurrency to scammers, recovering those funds becomes extremely challenging, if not impossible. Cryptocurrency transactions are typically irreversible, meaning that once the funds have been transferred to the scammer's wallet, there is no central authority or mechanism to reverse the transaction.

Thus, it is crucial to thoroughly verify the legitimacy of platforms before engaging with them to avoid falling victim to scams.

Threat Summary:

Name	Fake Binance's Token Launch platform
Threat Type	Phishing, Scam, Social Engineering, Fraud
Disguise	Legitimate Binance website
Fake Website	launchbad-binanace[.]com
Detection Names	alphaMountain.ai (Suspicious), CyRadar (Malicious), Fortinet (Spam), Kaspersky (Phishing), Seclookup (Malicious), Full List Of Detections (VirusTotal)
Symptoms	Incorrect domain, lack of official verification, unrealistic claims, too good-to-be-true promises.
Distribution methods	Compromised social media accounts, hijacked WordPress sites, rogue online pop-up ads, phishing emails, unwanted applications.
Damage	Loss of sensitive private information, monetary loss, identity theft, possible malware infections.
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Conclusion

In conclusion, the prevalence of cryptocurrency scams underscores the importance of caution in the digital financial realm. Scammers employ various tactics, including impersonating legitimate platforms like Binance and luring unsuspecting individuals into fraudulent schemes.

By adopting proactive measures, individuals can protect themselves from financial loss and navigate the cryptocurrency landscape more securely. Other examples of fake platforms intended to steal cryptocurrency are the fake "Quant (QNT) Airdrop", "ORD INSCRIPTION QUEST", and "$MAGE PRESALE REGISTRATION" pages.

How did I open a scam website?

Scam websites like launchbad-binanace[.]com frequently spread via hijacked social media profiles, including those belonging to celebrities or reputable businesses, as well as compromised WordPress pages. Additionally, users might stumble upon these deceptive platforms accidentally by typing incorrect URLs (web addresses).

In alternative scenarios, users may access scam websites through phishing emails with embedded links, notifications from untrustworthy websites, advertisements, and pop-ups on suspicious platforms such as torrent sites or illegal streaming pages. Adware can also generate deceptive ads intended to lure users to scam websites.

How to avoid visiting scam pages?

Exercise caution when encountering unsolicited emails and messages, as well as when interacting with advertisements and pop-ups on dubious websites. Prior to clicking on any website links, verify the URLs to ensure they direct you to the intended legitimate site.

Furthermore, download applications from reputable sources such as official websites and app stores. Avoid enabling notifications from suspicious websites, and regularly conduct system scans for potential threats. Promptly uninstall any identified dubious or malicious applications to safeguard your device and personal information.

If your computer is already infected with unwanted apps, we recommend running a scan with Combo Cleaner Antivirus for Windows to automatically eliminate them.

The appearance of the fake "Binance's Token Launch" page (GIF):

The real Binance page (binance.com):

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Quick menu:

• What is Fake Binance's Token Launch platform?
• How to identify a pop-up scam?
• How do pop-up scams work?
• How to remove fake pop-ups?
• How to prevent fake pop-ups?
• What to do if you fell for a pop-up scam?

How to identify a pop-up scam?

Pop-up windows with various fake messages are a common type of lures cybercriminals use. They collect sensitive personal data, trick Internet users into calling fake tech support numbers, subscribe to useless online services, invest in shady cryptocurrency schemes, etc.

While in the majority of cases these pop-ups don't infect users' devices with malware, they can cause direct monetary loss or could result in identity theft.

Cybercriminals strive to create their rogue pop-up windows to look trustworthy, however, scams typically have the following characteristics:

• Spelling mistakes and non-professional images - Closely inspect the information displayed in a pop-up. Spelling mistakes and unprofessional images could be a sign of a scam.
• Sense of urgency - Countdown timer with a couple of minutes on it, asking you to enter your personal information or subscribe to some online service.
• Statements that you won something - If you haven't participated in a lottery, online competition, etc., and you see a pop-up window stating that you won.
• Computer or mobile device scan - A pop-up window that scans your device and informs of detected issues - is undoubtedly a scam; webpages cannot perform such actions.
• Exclusivity - Pop-up windows stating that only you are given secret access to a financial scheme that can quickly make you rich.

Example of a pop-up scam:

How do pop-up scams work?

Cybercriminals and deceptive marketers usually use various advertising networks, search engine poisoning techniques, and shady websites to generate traffic to their pop-ups. Users land on their online lures after clicking on fake download buttons, using a torrent website, or simply clicking on an Internet search engine result.

Based on users' location and device information, they are presented with a scam pop-up. Lures presented in such pop-ups range from get-rich-quick schemes to fake virus scans.

How to remove fake pop-ups?

In most cases, pop-up scams do not infect users' devices with malware. If you encountered a scam pop-up, simply closing it should be enough. In some cases scam, pop-ups may be hard to close; in such cases - close your Internet browser and restart it.

In extremely rare cases, you might need to reset your Internet browser. For this, use our instructions explaining how to reset Internet browser settings.

How to prevent fake pop-ups?

To prevent seeing pop-up scams, you should visit only reputable websites. Torrent, Crack, free online movie streaming, YouTube video download, and other websites of similar reputation commonly redirect Internet users to pop-up scams.

To minimize the risk of encountering pop-up scams, you should keep your Internet browsers up-to-date and use reputable anti-malware application. For this purpose, we recommend Combo Cleaner Antivirus for Windows.

What to do if you fell for a pop-up scam?

This depends on the type of scam that you fell for. Most commonly, pop-up scams try to trick users into sending money, giving away personal information, or giving access to one's device.

• If you sent money to scammers: You should contact your financial institution and explain that you were scammed. If informed promptly, there's a chance to get your money back.
• If you gave away your personal information: You should change your passwords and enable two-factor authentication in all online services that you use. Visit Federal Trade Commission to report identity theft and get personalized recovery steps.
• If you let scammers connect to your device: You should scan your computer with reputable anti-malware (we recommend Combo Cleaner Antivirus for Windows) - cyber criminals could have planted trojans, keyloggers, and other malware, don't use your computer until removing possible threats.
• Help other Internet users: report Internet scams to Federal Trade Commission.

Frequently Asked Questions (FAQ)

What is a crypto scam?

Cryptocurrency scams are deceitful platforms created to convince individuals to transfer their digital assets, activating mechanisms that siphon off their cryptocurrency or reveal sensitive information such as login credentials.

Is it possible to retrieve lost crypto funds?

Once cryptocurrency transactions are concluded, they generally cannot be undone, making it impossible for victims to reclaim funds once they have been transferred to a wallet under the scammer's control.

Why do I encounter crypto scams?

Scammers employ various strategies to lure individuals to fraudulent websites and counterfeit platforms. These methods encompass hijacking social media profiles, compromising WordPress sites, distributing phishing emails, crafting deceptive ads and pop-ups, and leveraging dubious advertising networks.

Will Combo Cleaner protect me from scams?

Combo Cleaner boasts the ability to detect a wide array of scams. It promptly alerts users to any fraudulent activity detected on visited websites, thereby ensuring immediate awareness. Additionally, Combo Cleaner swiftly enforces access restrictions to further safeguard users.

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