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How to recognize scams like the fake "Veda Points Multiplier"

Also Known As: Veda Points Multiplier fake platform
Damage level: Medium

What is the fake "Veda Points Multiplier" site?

During our analysis of the page, we discovered that it mimicks the original site, veda[.]tech to deceive individuals. The purpose of this fraudulent web page is to lure visitors into performing steps that could result in monetary losses. Therefore, it is highly advisable to be careful when encountering unofficial sites like this one.

Veda Points Multiplier scam

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.

"Veda Points Multiplier" scam website in detail

Veda (veda[.]tech) provides a native yield infrastructure for protocols and applications, allowing users to deposit assets into its contracts. These assets are then safely allocated across DeFi protocols. Veda's goal is to drive mass adoption of cryptocurrency by offering transparent and easily accessible yields.

The fake website attempts to lure individuals by offering a supposed "lifetime 1.25x Veda Points Multiplier" in exchange for completing the "initial farming quest". In reality, there are no genuine rewards, and the main goal of this scam website is to exploit the users' trust for financial gain.

On this fraudulent page, individuals are encouraged to connect their wallets to get the aforementioned "benefits". However, connecting a wallet on this website signs a malicious contract designed to activate a cryptocurrency drainer, which automatically steals cryptocurrency from victims' wallets.

Once activated, it can transfer funds directly from the victim's wallet to the scammer's, and these transactions cannot be undone unless the scammer chooses to return the assets. Falling victim to scams like this one usually results in permanent financial loss. Thus, Users are advised to research any cryptocurrency platform before engaging with it.

Threat Summary:
Name Veda Points Multiplier fake platform
Threat Type Phishing, Scam, Social Engineering, Fraud
Fake Claim Participants can multiply their Veda Points
Disguise Legitimate Veda platform
Symptoms Unofficial domain, lack of official verification, unrealistic claims, too good-to-be-true promises.
Distribution methods Compromised/hijacked websites, stolen or fake social media profiles, rogue online pop-up ads, unwanted applications.
Damage Loss of sensitive private information, monetary loss, identity theft, possible malware infections.
Malware Removal (Windows)

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Conclusion

In conclusion, while some cryptocurrency platforms offer legitimate opportunities for users, the presence of fraudulent websites poses a significant risk. These scam sites often lure individuals with enticing promises, but their true goal is to exploit users' trust for financial gain.

Some examples of fake platforms designed to trick visitors into launching crypto drainers are the fraudulent "The Sandbox Game", "Join Injective Airdrop", and "$BabyElon Allocation" websites.

How did I open a scam website?

Scam websites that use crypto drainers tend to be pushed using fake or stolen X (formerly Twitter) accounts and compromised WordPress sites. Users may also be drawn to these fraudulent pages through misleading advertisements, pop-ups, buttons, and links found on unreliable websites, as well as notifications from deceptive sites.

Additionally, individuals can be misled into accessing these scam sites through phishing emails or SMS messages that contain links (or attachments) and fraudulent advertisements generated by shady adware.

How to avoid visiting scam pages?

websites to show notifications. Be cautious with unexpected or irrelevant emails, especially those from unknown senders; do not open suspicious attachments or links in such emails.

Always download software and files only from official app stores or reputable websites. Additionally, ensure that your operating system and applications are regularly updated, use dependable security tools, and conduct routine scans on your computer to identify potential threats.

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 "Veda Points Multiplier" scam (GIF):

Appearance of Veda Points Multiplier scam

The original Veda website (veda[.]tech):

Veda Points Multiplier scam real website (veda.tech)

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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:

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 scam website?

A scam website is created to mislead users into performing actions that ultimately benefit the scammers.

What is the purpose of a scam page?

Scammers typically utilize these websites to fraudulently obtain money or personal information from users. Additionally, they may use scam sites to distribute malware, putting users’ devices and data at risk.

Why do I encounter scam pages?

Scam websites are often disseminated via misleading emails and compromised social media accounts. Scammers also use deceptive advertisements and other suspicious content, unreliable sites (e.g., sites associated with dubious advertising networks), adware, and similar channels to trick users into landing on scam pages.

Will Combo Cleaner protect me from online scams?

Combo Cleaner is designed to scan all the websites you visit, identifying those that may be malicious. It can also detect scam sites, offering instant warnings and blocking access to them.

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About the author:

Tomas Meskauskas

Tomas Meskauskas - expert security researcher, professional malware analyst.

I am passionate about computer security and technology. I have an experience of over 10 years working in various companies related to computer technical issue solving and Internet security. I have been working as an author and editor for pcrisk.com since 2010. Follow me on Twitter and LinkedIn to stay informed about the latest online security threats. Contact Tomas Meskauskas.

PCrisk security portal is brought by a company RCS LT. Joined forces of security researchers help educate computer users about the latest online security threats. More information about the company RCS LT.

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Malware activity

Global malware activity level today:

Medium threat activity

Increased attack rate of infections detected within the last 24 hours.

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