The “BlockDAG Presale” scam refers to a crypto scam hosted on block-dagxyznetwork.live. The scam promises access to a presale of BlockDAG coins but users who fall for it will end up with their crypto wallets drained of all funds. It’s a dangerous scam that users may be redirected via fake accounts on social media.
BlockDag is a layer 1 blockchain that claims to solve scalability issues found in traditional blockchain. It enhances transaction speed and security. Scammers are using BlockDag’s popularity to scam users and drain their crypto wallets of funds.
A particular scam hosted on block-dagxyznetwork.live invites users to participate in BlockDag’s presale. However, once users connect their wallets to supposedly participate in the presale, a cryptocurrency drainer is activated. Funds from users’ wallets would then be transferred to the scammer’s wallet. Crypto transactions are generally permanent so users who fall for the scam are unlikely to be able get their funds back.
It goes without saying that BlockDag has nothing to do with this scam, its popularity is merely misused. This happens very often with any popular cryptocurrencies or platforms.
Users who invest in cryptocurrency need to be very careful because there’s a huge amount of scams going around everywhere on the Internet, including forums and social media.
Links to crypto scams are often promoted on social media and YouTube
Crypto scams are prevalent across various online platforms and are often promoted through deceptive means. These scams are promoted in different ways, such as redirecting users to fraudulent websites through adware infections or when browsing high-risk websites without ad blockers. Social media platforms and video-sharing sites are also common breeding grounds for these scams, with scammers frequently targeting users through fake accounts and impersonating well-known figures like Elon Musk and Donald Trump.
One of the most widespread tactics used to promote crypto giveaway scams involves creating fake profiles that closely mimic those of high-profile individuals. These fake accounts often feature identical profile pictures and names, albeit with noticeable differences in follower count, posts, and account handles. Despite these red flags, many users fall prey to these scams because they do not pay attention and fail to do their research.
Furthermore, YouTube has also become a popular platform for the promotion of crypto scams, with malicious actors hijacking vulnerable accounts with substantial subscriber numbers to host livestreams promoting fake giveaways. These live streams can attract thousands of viewers, amplifying the reach of the scams and contributing to their prevalence. It’s common to see Elon Musk’s face used in these livestreams. Comments are also often full of fake accounts spamming comments claiming they were able to make a fortune.
Additionally, users may inadvertently encounter crypto scams when browsing high-risk websites that spam them with intrusive ads. Without the protection of adblocker programs, users can be exposed to loads of crypto giveaway scams, increasing the likelihood of falling victim to them.
Because of these tactics used to promote crypto scams, it’s crucial for users to exercise caution and skepticism when encountering offers that seem too good to be true. Verifying the authenticity of accounts, carefully considering online promotions, and using adblocker programs can significantly reduce the risk of falling victim to these deceptive scams.
Remove “BlockDAG Presale” scam
Unfortunately, if users have fallen for this “BlockDAG Presale” scam and their funds were stolen, there’s nothing they can do to get the cryptocurrency back. It’s a good idea to install an adblocker program to block redirects to block-dagxyznetwork.live and other sites that host these kinds of scams. Doing a lot of research before participating in crypto sales is also essential to avoid being scammed.
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