Recently, Web.nasdac.vip service surfaced, promoting itself as a place where you can securely store cryptocurrency and other assets. I managed to gather credible evidence that unmistakably indicates it is, in fact, a fraudulent service.
Despite the promises of the most user-friendly, reliable, and client-friendly service, Web.nasdac.vip does not offer any of them. In fact, all this is just a golden wrap around a clear scam, which takes your money and data and never gives them back. Any tales about gifts, endorsement from celebrities etc are absent as well.
Nasdac Vip Scam Overview
Originally, Nasdac Vip poses as a crypto trading & cryptowallet platform with exceptionally low commission fees. Another bright selling point for this site is partnerships with celebrities that have relation to the crypto world. Vitalii Buterin (Ethereum creator), Elon Musk, Jeff Bezos, Bill Gates, Warren Buffet – the site says about being supported by them. To make these claims look real, con actors use AI-generated videos where those celebrities advertise the fraud as the best thing in the world. For obvious reasons, Elon Musk is the most common choise for that. But, as I mentioned above, all this is just a vivid wrap around an obvious scam.
Nasdac Vip Scam
First and foremost, Nasdac Vip repeats the layout of multiple equivalent websites. There are quite a few examples, like Denoex, Blxta or Gzffxy. They are totally indistinguishable in terms of visual elements, with slight discrepancies in the site header. Other particulars, and sometimes even crypto wallet addresses, are identical. Presumably, all these scam websites are led by the same team of swindrels.
Cryptocurrency Scam Summary
| Website | Web.nasdac.vip |
| Hosting | AS54801 Zillion Network Inc. United States, San Jose |
| IP Address | 45.207.243.58 |
| Threat Type | Scam/Fraud |
| Scam Type | Fraudulent offers of cryptocurrency services |
How the Nasdac Vip Scam Works?
Nasdac Vip is a part of a extensive cryptocurrency scam scheme that started circulating actively in 2023. Scammers who stand behind it use several website designs, which still share the same overall layout. Another mutual element are the ways the scams like NAME are promoted, and the manner all this ends up to the victim of the scam. To reach peak efficiency, frauds apply sophisticated psychological tricks that make the user believe in the authenticity of the website. But let’s review them one by one.
Step 1: Promotion
To start the fraud, criminals set up and fill accounts on popular social media platforms. They primarily aim at Facebook, Instagram, Twitter, and TikTok. Subsequently, the advertising campaign begins. Employing bots and sponsored promotions (when feasible), fraud actors intensify the visibility of their deceptive activities to possible victims. And as I said, fraudsters do not disdain using generative AI for creating videos with the mentioned celebs that promote their scam to the public. To boost the folks even more, frauds claim the bonus for every user who enrolls the service immediately.
Promotions of cryptoscams like Nasdac Vip in TikTok. Most of these videos are AI-generated deepfakes
Step 2: Gaining Traffic
After following the promos, targets end up on a page filled with attractive offers. “Crypto starts with Nasdac Vip”, “Your crypto savings are secured with Nasdac Vip, “Start earning with Nasdac Vip – they look rather credible. To heat up the interest and make the users proceed to step 3, scammers say that claiming the promoted bonus requires registration. And since nothing concerning happens at this point, unaware users happily move on – especially since the bonus appears to be right behind the corner.
At this point, it is possible to steer away from the scam without any losses. Before you register using your personal data, swindrels will not earn even a nickel from your presence on the website.
Step 3: Data Gathering
This is where the main fraud action begins. As I just said, scammers bait folks for registration with bonuses. And all the personal info needed for it – email, username, cryptocurrency wallet address – are valuable for user identification. Only by gathering this information and selling it further into the Darknet, swindlers can earn quite a penny. Still, their plans go much further.
As it turns out, the promised bonus is not available to use right away. To make at least cryptocurrency purchases on the platform with it, the user should top up the account with the equivalent sum. And this is what initiates the final stage of the scam.
Step 4: Requesting funds
Obviously, any crypto purchases require you to have funds on your account. In the case of Nasdac Vip, users are also compelled to top up to use the bonuses. And this is what creates the majority of the money flow to this fraudulent site. By topping up the account, users hope to get the committed gift (usually $500-1000 in USDT), and may start engaging on this site hoping to use all the credited money and withdraw them.
This is where the issues start to surface. When keeping an eye on the actual crypto wallet vs what the site says, you can spot that no transactions are done whatsoever. And then, when you’d try to pull out the funds from your account, the scam is finally uncovered to the user.
Step 5: Escaping from Funds Withdrawal
Needless to say that fraudsters have 0 intentions to return your money. Though to make the denial look more realistic, they’ve made up a whole pack of reasons to decline the wireout request. Most of them repeat what Know Your Client requirements say, but in this case they are here exclusively to make the withdrawal impossible.
By requesting your personal information, scammers just stall hoping for you to accept the loss and stop contacting them. If you don’t – well, there are a dozen other checks you would desperately need to undergo before getting your money back. And every check will reveal more and more info of yours, which – you guessed it right – will be then sold on the Darknet. Never reveal your real info to strangers!
Signs of Scam
I gathered several facts that point at the scammy nature of the Web.nasdac.vip. Actually, there are a lot of scams that fall under the same points, so they are pretty much universal.
- Unsubstantiated Credibility. Nasdac Vip employs fraudulent celebrity endorsements, often featuring names like Elon Musk, Jeff Bezos, Mr. Beast, and Mark Zuckerberg. These false claims extend to fictitious partnerships with reputable entities like Coinbase, Binance, or MetaMask, despite the absence of genuine connections.
- Implausible Earnings Claims. Promising remarkable returns of 50-100-200%, Nasdac Vip exploits the longing for quick profits. However, such gains are unrealistic within the volatile cryptocurrency landscape, unequivocally identifying Nasdac Vip as a scam.
- Dubious Corporate Information. Nasdac Vip arouses suspicion by providing inadequate documentation about ownership, location, and registration. Furthermore, the lack of legitimate contact information and the recent registration of domain and social media profiles deepen skepticism.
- Exclusive Cryptocurrency Payments. Web.nasdac.vip solely accepts payments in cryptocurrencies, refraining from traditional bank transfers and other payment methods. This approach not only shrouds the company’s identity but also prevents the possibility of requesting refunds.
- Potential Pyramid Scheme. The scam relies on a Ponzi-like referral structure disseminated through social media. Nevertheless, only initial participants profit, often at the expense of funds brought in by subsequent members.
- Groundless Hype Tactics. Nasdac Vip utilizes fabricated claims about non-existent events, such as securing contracts with Coinbase or receiving endorsements from Elon Musk. This manipulative strategy aims to foster belief in money returns and encourages individuals to top up their accounts again.
What Should I do as a Victim?
If you had to deal with Nasdac Vip site and fell victim to that scam, there are still some steps to take. They will make further scam attempts harder, and also boost the knowledge about that scam among folks.
- Report to Authorities. Your initial action should involve reporting the scam to local authorities responsible for addressing financial fraud. Additionally, reach out to wallet providers and engage with the technical support teams of social networks. This collective effort raises the bar for the scammers’ operations.
- Inform Your Inner Circle. Extend your impact by sharing information about the scam with your close friends. Similar to notifying authorities, this dissemination of details curbs the scammers’ potential to deceive.
- Document the Trail. Assemble a comprehensive record by capturing screenshots and archiving all relevant website-related data. This encompasses the website URL, screenshots of the main page, login interface, end-user license agreement (EULA), account top-up menu, and wallet addresses. These materials offer invaluable leads for authorities in their pursuit of the scammers.
- Explore Refund Possibilities. While cryptocurrency payments may not typically align with traditional bank refund policies, it’s worthwhile to explore potential refund avenues under specific circumstances. Maintain a positive outlook until you secure confirmation of the loss.
- Transform Loss into Insight. Shift your focus from the financial loss to gaining wisdom. Consider your loss as an investment in comprehending the tactics employed by crypto scam sites. Familiarize yourself with their distinctive traits, the methods they employ to entice individuals, and the extravagant pledges they make. This knowledge equips you to recognize and avoid future traps, minimizing the risk of enduring further financial setbacks.
Scan your system for possible malware infections
Beware of cross scams! Scam actors can use your trust to make you download some stuff or interact with certain documents. It may be a trap that installs malware to your system. There are no moral barriers or limits for these scoundrels.
Throughout the course of the fraud, rascals may contact you with particular files. Alternatively, they may offer you to install “cryptocurrency wallet applications” or “browser extensions” to simplify access to your crypto funds. As we previously determined, these scoundrels have no intent of giving back your money. So, what can these emails and browser extensions represent? You guessed it right – this is another component of the scam designed to entice you into willingly installing harmful programs onto your device.
Both add-ons and files attached to email messages can function as a shell for different malicious software. In this situation, I foresee the presence of spyware and stealers among other forms of malware. While it is not mandatory for scammers to distribute malware, the chance is always significant. As noted, their conscience is of no concern, and their reputation is already seriously marred. They have nothing to give up and strive to maximize gains.
