Vexorabit.com is an untrustworthy cryptocurrency trading platform that is being advertised through a complex scam through popular social networking sites. By using fake videos of famous people such as Cristiano Ronaldo, Elon Musk. The scammers entice customers to deposit Bitcoin through the fake website by offering free crypto giveaways, which are activated through promotional codes. However, Vexorabit is a scam that aims to extort the money of victims who have been lured by deceitful endorsements from celebrities and the too-good-to-be-true bonus.
Our investigation will provide details on how the Vexorabit scam operates and offer tips on how to help you avoid becoming a victim. Let’s get started!
How the Vexorabit Bitcoin Promo Code Scam Works
The perpetrators behind Vexorabit.com rely on a mixture of convincing fake footage, psychological manipulators and even technical tricks to commit fraud. Vexorabit fraud. Let’s look in depth at the process step-by-step:
Step 1: Produce Fake Celebrity Endorsement Videos
The scammers employ artificial intelligence technology for video editing to create fakes that appear to depict celebrities such as Cristiano Ronaldo Elon Musk Bill Gates, Mark Zuckerberg or Drake who endorse the Bitcoin giveaway as well as Vexorabit platform.
Deepfake is a fake that uses AI algorithms to instantly replace the face of the celebrity and voice with a higher level of authenticity that makes the videos appear authentic.
Voice dubbing – Recorded interviews and applies software to mimic the voice of a person to create the illusion that a person speaking is saying something they never actually said.
Both strategies allow fraudsters to make convincing videos in which the actors appear to directly speaking to the viewers and guiding them on how to acquire gratis Bitcoin through Vexorabit.com.
Step 2: Distribute Deceptive Videos on Social Platforms
After being created, fake endorsement videos of celebrities are distributed widely on websites such as YouTube, TikTok, Instagram and Facebook by two methods:
Paid advertisements – Fraudsters pay for videos that target users who are who are interested in investing in cryptocurrency, crypto or even the celebrities featured in the ads.
Hashtag campaigns Scammers make use of similar hashtags from celebrities or crypto to attempt to make the videos go viral within these communities.
A wide-spread distribution means that scam videos a greater probability of getting to potential victims.
Step 3: Direct Viewers to Vexorabit.com
The fake videos contain links that take visitors to Vexorabit.com website. While the site appears professional from the first look but it’s a complete fraud designed to make deposits.
The actual trading of cryptocurrency or exchange is taking place. The balances and platform shown are fabricated and manipulated.
Step 4: Instruct Viewers to Use Promo Code
Following the steps in the fake celebrity’s video, visitors visit Vexorabit.com and type in the promo code when signing up like “CR7” or “TIktok11.”
The code you enter will add the amount of 0.31 BTC to the user’s account dashboard, which makes it appear as if the promo code has added a the value of free Bitcoin to their account balance.
Step 5: Prevent Withdrawals Until Deposit
If users try to transfer the funds to the external account, an error message requires them to make an initial withdrawal that is 0.005 BTC to “activate” the withdrawal capability.
The trick is to lure users into putting real money on the fake website, believing that they are merely completing the ID verification.
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Overview of the Vexorabit Bitcoin Promo Code Scam
Vexorabit.com is the most recent fake cryptocurrency trading platform that is being promoted by a slick fraud featuring celebrities on social media. Utilizing voice-dubbed or deepfake videos fraudulent actors impersonate famous people such as Cristiano Ronaldo Elon Musk Bill Gates, Mark Zuckerberg and Drake to trick people to deposit Bitcoin.
The scam operates by disseminating fraudulent videos on YouTube, TikTok and Facebook. On the YouTube videos stars with the deepest skin describe a unique Bitcoin giveaway opportunity, in conjunction with Vexorabit.com.
The site provides step-by-step directions for visitors to sign-up on the website and then enter an promo code for example “CR7” or “Tiktok11” for the purpose of claiming free Bitcoin funds to their account.
Users who enter the codes following registration will receive a balance of 0.31 BTC added to their Vexorabit dashboard. When they try to withdraw these funds there is a warning that states they have to deposit a minimum amount in the amount of 0.005 BTC to “activate” withdrawal options.
The requirement for deposits tricked unsuspecting users into making real Bitcoin transactions which scammers promptly get. It is true that the Vexorabit platform and the rumored popular crypto giveaways are not real.
The fake Vexorabit platform as well as the cryptocurrency giveaways do not exist. It is a fake trading front that collects deposits into scammers’ wallets. Once enough money is collected the site goes down and the victims don’t have a way to retrieve their money.
By securing public trust through celebrities such as Cristiano Ronaldo Elon Musk Bill Gates, Mark Zuckerberg and Drake The scammers give credibility to the idea that the viewers will make money on Bitcoin. In the real world, it’s an elaborate scheme to extort crypto funds.
Red Flags of the Vexorabit Scam
Beyond the obvious shady premise of famous people giving out bitcoins via YouTube coupons, we have numerous obvious signs of Vexorabit is a rip-off:
The company is not online with no footprint or any documentation other than video advertisements. The company has no legitimate information regarding Vexorabit are available.
The website does not provide any verifiable proof that free bitcoin rewards have been distributed in the past.
The celebrities featured have not confirmed the campaign. The videos make use of their unlicensed appearance.
The requirement for account activation requiring a initial payment in bitcoin is considered a serious warning. There is no regulated trading platform that is like this.
The Vexorabit domain name was recently registered and will soon be canceled. This is not the way legitimate businesses function.
There is no phone number, email address, or any other source of contact is listed only a contact form.
Free bitcoin offers that seem too good to be true are not real. If the offer seems unbelievable then it’s a fraud.
With a myriad of evident indications of fraud Social media users must be wary of fake Vexorabit bitcoin giveaway, which is sponsored by a celebrity.
Frequently Asked Questions
1. How do I know if what exactly is Vexorabit Bitcoin promo code scam?
This is a serious scam that makes use of deceitfully edited videos of famous people to lure victims into making Bitcoin funds to the fake trading site Vexorabit.com.
The scammers make video clips that include famous celebrities such as Cristiano Ronaldo Elon Musk Bill Gates, Mark Zuckerberg and Drake signing the Bitcoin giveaway deal in conjunction with Vexorabit.com.
In the video, the deepfaked or voice-dubbed stars offer a promo code unique to them for example “CR7” or “Tiktok11” They claim that viewers can apply on Vexorabit.com to get free Bitcoin funds to their account.
The problem is that Vexorabit.com is not able to allow any genuine transactions or trading. It’s a scam platform that is designed to gather and steal Bitcoin deposits from unwitting users who have been lured by fraudulent endorsement videos of celebrities.
2. Who are the celebrities who are often impersonated in scam videos?
The most popular celebrities that are targeted in fraudulent videos include:
Cristiano Ronaldo
Elon Musk
Bill Gates
Mark Zuckerberg
Drake
The scammers choose the celebrities based on their mass popularity and trust in the public that gives an impression of authenticity for the fraudulent Bitcoin giveaway. The fame of the celebrities can increase the chances of victims falling for the scam.
3. What is the process by which fake celebrity endorsement videos made?
The fraudsters rely on two principal strategies:
Deepfake technology that is advanced that effortlessly replaces the real-life persona and voice of the celebrity with a synthetic imitation created to appear and sound authentic and real.
Voice dubbing that takes interviews of the famous and utilizes software for voice mimicry to create the illusion that they are speaking in a different way.
Both strategies allow scammers to make convincing videos that accurately portray celebrities directly addressing viewers, and also promoting the Bitcoin giveaway.
4. What and how do scammers advertise their fake videos?
Once they were created, fake videos spread to social media platforms such as YouTube, Facebook, Instagram and TikTok using two primary strategies:
Paid video advertisements aimed at those who are who are interested in cryptocurrency trading and investing.
Hashtag campaigns utilizing related terms like #Bitcoin the #ElonMusk hashtag, and #CryptoGiveaway are used larger audiences.
The mass distribution of the videos through organic and paid channels allows the fraudulent videos to be viewed by the most potential victims possible.
5. What happens when customers use the Vexorabit.com coupon code?
After being deceived by fake endorsements from celebrities Victims go to Vexorabit.com and type in the promo code when they register for example “CR7” or “Tiktok11”.
By entering these codes, you can make an amount of 0.31 BTC to the user’s Vexorabit dashboard. This is intended to trick users into thinking that the promo code has successfully added free Bitcoin to the account balance.
However, in reality, there is no real Bitcoin is ever deposited. The balance is fabricated and is designed solely to manipulate the people who are the victims. No trading occurs.
The Bottom Line
The Vexorabit scam is a timely lesson in protecting your cryptocurrency and analyzing before making payments to anyone:
Examine endorsements of celebrities – Check celebrity crypto-related advertisements before taking action. Check for legitimacy using official channels.
Explore trading platforms and verify any exchange and check for reviews, certifications, or licenses prior to registering an account.
Beware of “free crypto” – Genuine platforms don’t give away Bitcoin or offer bonuses just to sign up.
Do not permit withdrawals using deposits. No legitimate website will require users to deposit funds before withdrawing balances from accounts.
Report suspicious activity. Inform authorities about frauds that could be occurring and assist in bringing scammers to justice.
Be aware of similar scams using celebrities as models and exploiting the the hype surrounding cryptocurrency. Inform your friends about these fraudulent methods to guard your fellow citizens from scammers who are stealing their money.