SAFEMOON Giveaway scam is a new cryptocurrency fraud, which became widespread nowadays. Users see the page where someone promises to multiply their SAFEMOON coins by five times. That fraud targets user who owns that cryptocurrency because of several conditions of the “giveaway”. In some cases, this fraud can be displayed to you forcibly by different viruses. Read the article to know how that fraud works and how to protect yourself from that sort of scam.
What is a SAFEMOON Giveaway scam?
SAFEMOON is a legit cryptocurrency token that uses blockchain technology. It costs $0.00000561 (as of 04/27/2021), so that coin is affordable even for school kids. Some people purchase it, hoping to get a huge profit on the growth of this coin. Investing in tactics like this is not something bad but requires patience. Users can easily lose it, especially when they see the attractive offer “to x5 your coins”, published on the site that looks legit at first sight.
The site also contains the note that the minimal sum you can send is 500,000,000 (500 million) coins. Upper limit of that attraction of unprecedented generosity is set at 500,000,000,000 (500 billion) coins, and the total amount of coins for giveaway is 12,000 000,000,000 (12 trillion) SAFEMOON. Considering the current price for one coin, the minimal amount of money you will lose in that scam is about $2,805. Total amount of “giveaway” is $67,320,000. Those money sums are changing constantly due to the price volatility.
Here is a short description of the SAFEMOON Giveaway scam:
|Hazard type||Fraudulent website|
|Form of fraud||Money extortion under the guise of giveaway|
|Sum of money||$2800 – $2,8 millions|
|Source||Adware on your PC|
To remove possible virus infections, try to scan your PC
I think a lot of people will just ignore that offer, mostly because of its weirdness. While one of the previous cryptocurrency frauds – The dogecoin scam – was disguised as Elon Musk’s initiative, that fraud does not hide under someone’s name. Moreover, the amount of SAFEMOON scams (in USD equivalent) is much larger than in the Dogecoin case.
And most paranoiac users will stop just after the look to the address bar. The site name looks like safemoonreward[.]xyz. The domain name “.xyz” means that it was purchased almost for free, and it is already a bad sign. As the site states, if it is the official giveaway from SAFEMOON creators, the website must hold the corresponding image. Hence, the cheap domain name is definitely a sign of cheapskates, or fraudsters.
Pay attention to this: Pornographic Virus Alert from Microsoft
Why do I see the SAFEMOON Giveaway page?
Fraudsters can spread the link to this website in different ways. Spam in social networks, email spam, advertisements with a redirect to that page – all these things are used heavily. However, you must remember the moment when you clicked such a link. You can receive it from someone on Twitter, Facebook or Reddit; it can even be your friend. But don’t be angry at the friend yours – fraudsters often use hijacked accounts for spamming purposes.
Another reason for the SAFEMOON Giveaway scam page appearance is adware. That sort of malware injects into your system and shows you various advertisements. It adds excessive banners on all pages you browse and shows you the pages that consist only of banners. Besides the PC slowdown, which appears much harder on weak configurations, you also have a chance to get another virus through that banner. The fake giveaway page becomes a product of adware activity when its developers are getting paid by fraudsters. Harmless viruses do not exist, so the best solution is to get rid of the virus with anti-malware software.
How to remove the adware and stop the SAFEMOON Giveaway scam?
Adware is a peculiar type of virus. It does not harm your system a lot, but makes changes in different parts of it. Networking settings, browser configuration files, registry, Task Scheduler – all of these elements are changed by that virus. Finding and reverting those changes is a very long process, which still has a chance of failure. Even experienced users can make mistakes, and the mistake in mentioned system components will lead to system errors. The best way to remove adware and recover the system after malware attack is to use anti-malware software.
Users can advise to use Microsoft Defender as a removal tool. It has a rather hard interface, so even experienced users may be confused. Another problem of Defender is its resource consumption. Weak systems are choking when Defender runs the scan, so many users disable it after the Windows installation. I can offer you GridinSoft Anti-Malware as the solution for this problem and further PC protection. It has both proactive protection and Internet protection, so you will not see the SAFEMOON Giveaway scam1.
Remove the viruses with GridinSoft Anti-Malware
- Download GridinSoft Anti-Malware by pressing the button above. Install it to proceed the malware removal. Right after the installation program will offer you to start the Standard scan.
- Standard scan takes 3-6 minutes. It checks the disk where the system keeps its files. The majority of viruses place their files on that disk.
- After the scan is over, you can choose the action for each detected malicious item. For all dangerous viruses the default action is “Delete”. Press “Apply” to remove the viruses from your computer.
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