KENZACOIN.com is a scam cryptocurrency trading platform that is being promoted by a sophisticated fraud through the social networks. By using fake videos of famous people such as Cristiano Ronaldo as well as Elon Musk. The scammers entice customers to deposit Bitcoin through the fake site by promising free crypto prizes which are triggered by promotional codes. However, KENZACOIN is a scam that aims to steal the money of those who have been lured by deceitful endorsements from celebrities and fake incentives.
Overview of the KENZACOIN Bitcoin Promo Code Scam
KENZACOIN.com is the most recent fake cryptocurrency trading platform that is being advertised through a sophisticated fraud featuring celebrities on social media. By using fake videos or voice-dubbed ones scammers impersonate celebrities such as Cristiano Ronaldo Elon Musk Bill Gates, Mark Zuckerberg and Drake to lure people to deposit Bitcoin.
The scam operates by disseminating false videos through YouTube, TikTok and Facebook. The videos in the video, celebrity with the most sexy appearances describe a particular Bitcoin giveaway opportunity, in conjunction with KENZACOIN.com.
They offer step-by-step instructions to visitors to sign-up on the website and then enter an promo code like “CR7” or “Tiktok11” for the purpose of claiming free Bitcoin funds to their account.
The victims who use the code after registering will receive a balance of 0.31 BTC added to their KENZACOIN dashboard. But, if they want to withdraw the money there is a warning that they need to first make an initial amount in the amount of 0.005 BTC to “activate” withdrawal options.
The requirement for deposits tricked unsuspecting users into making real Bitcoin payment, which the fraudsters then steal. This is because the KENZACOIN platform and a rumored famous crypto giveaways don’t exist in reality.
The fake KENZACOIN platform and the crypto giveaways aren’t real. It is a fake trading platform that allows users to deposit money into wallets of scammers. After the site has accumulated enough funds the website disappears, and the victims don’t have a way to retrieve their money.
Through leveraging public trust in celebrities such as Cristiano Ronaldo Elon Musk Bill Gates, Mark Zuckerberg and Drake The scammers give credibility to the idea that the viewers will earn free Bitcoin. In actuality, it’s an elaborate fraud designed to steal crypto-based deposits.
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How the KENZACOIN Bitcoin Promo Code Scam Works
The perpetrators behind KENZACOIN.com depend on a mix of convincing fake footage, psychological manipulators and technical tricks to commit this KENZACOIN fraud. Let’s take a closer look at the steps to follow:
Step 1: Produce Fake Celebrity Endorsement Videos
The scammers employ artificial intelligence technology for video editing to create fakes that seem to depict celebrities such as Cristiano Ronaldo Elon Musk Bill Gates, Mark Zuckerberg or Drake who endorse the Bitcoin giveaway as well as the KENZACOIN platform.
Two principal techniques are employed:
Deepfake is a fake that uses AI algorithms to 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 the person speaking is saying something they never actually said.
Both methods allow scammers to create convincing video in which the actors seem to directly talking to viewers, instructing them on how to acquire gratis Bitcoin through KENZACOIN.com.
Step 2: Distribute Deceptive Videos on Social Platforms
Once they are created, the fake endorsement videos for celebrities are distributed widely on websites such as YouTube, TikTok, Instagram and Facebook using two primary strategies:
Paid advertisements – Fraudsters pay for video advertisements that target people who are interested in investing in cryptocurrency, crypto or celebrities who are featured.
Hashtag campaigns Scammers employ similar hashtags for celebrities and crypto to make their videos go viral within the communities they target.
The wide distribution of the scam gives videos a better likelihood of being seen by potential victims.
Step 3: Direct Viewers to KENZACOIN.com
The fake videos contain links that take visitors to KENZACOIN.com website. While the website appears professional from the first look however, it’s actually a total fraud designed to make deposits.
There is no actual cryptocurrency trading or exchange is taking place. The balances and platforms displayed are carefully faked.
Step 4: Instruct Viewers to Use Promo Code
Following the steps in the fake celebrity’s video, visitors go to KENZACOIN.com and enter the promo code when signing up for example “CR7” or “TIktok11.”
The code you enter will add an amount of 0.31 BTC to the user’s account dashboard. This makes it appear that the promo code has added the value of free Bitcoin to their account.
Step 5: Prevent Withdrawals Until Deposit
When users attempt to transfer funds from their external wallet, an error message requires them to make an initial deposit in the amount of 0.005 BTC to “activate” the withdrawal capability.
It tricked users into putting real money to the fraudulent site believing that they are completing identification verification.
Step 6: Steal Deposits and Disable Accounts
After scammers have gathered enough genuine Bitcoin funds, they abruptly shut down all accounts of users and shut down the website. The victim’s money is taken.
The cycle repeats again and fraudsters are creating new websites, videos, and accounts to entice new victims.
When they study these techniques, both technical and psychological consumers can identify and stay clear of scams in cryptocurrency giveaways disguised as celebrity endorsements. The giveaways that look too appealing to be true usually aren’t.
Frequently Asked Questions
1. What do you think is behind this KENZACOIN Bitcoin promo code fraud?
This is a risky fraudulent cryptocurrency scam that employs deceitfully edited videos of famous people to lure victims into making Bitcoin money to the fake website for trading KENZACOIN.com.
The scammers make and release videos which depict famous people such as Cristiano Ronaldo Elon Musk Bill Gates, Mark Zuckerberg and Drake signing the Bitcoin giveaway in conjunction with KENZACOIN.com.
In the videos, celebrities who are voicedubbed or deepfaked provide a promo code that is unique for example “CR7” or “Tiktok11” that they claim their viewers can apply on KENZACOIN.com to receive free Bitcoin money in their accounts.
But, KENZACOIN.com does not actually permit any real-time transactions or trading. It’s a fraudulent platform created to gather and steal Bitcoin deposits from unwitting customers who are lured by fraudulent celebrities’ endorsement videos.
2. Which celebrities are most 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 these celebrities due to their massive popularity and trust in the public this creates a false sense of authenticity for the fraudulent Bitcoin giveaway. The fame of the celebrities can increase the chances of victims being sucked into the scam.
3. What is the process by which fake celebrity endorsement videos made?
The scammers use two main strategies:
The latest deepfake artificial intelligence technology that instantly replaces the authentic celebrity’s voice and face with a synthetic imitation created to appear and sound authentic and authentic.
Voice dubbing that takes interviews of a celebrity and then uses software that mimics the voice to create the illusion that they are saying something completely different.
Both strategies allow scammers to make convincing videos that accurately portray celebrities directly addressing viewers and promoting their Bitcoin giveaway.
4. How and where do fraudsters promote their fraudulent videos?
After being created, fake videos were distributed across social media platforms like YouTube, Facebook, Instagram and TikTok using two primary strategies:
Paid-for video advertisements targeted at people who are interested in trading cryptocurrency and investing.
Hashtag campaigns utilizing related terms like #Bitcoin @ElonMusk, #CryptoGiveaway for larger audiences.
The mass distribution of the videos through organic and paid channels allows the videos of scams to be watched by the most potential victims possible.
5. What happens when customers use the KENZACOIN.com coupon code?
After being enticed by fake endorsements of celebrities users visit KENZACOIN.com and enter the promo code when they register like “CR7” or “Tiktok11”.
The code you enter will add the amount of 0.31 BTC to the user’s KENZACOIN dashboard. This is intended to trick users into thinking that the promo code was successful in adding free Bitcoin to the balance of their account.
In reality, there is there is no real Bitcoin is ever deposited. The balance is fraudulent and is designed solely to manipulate the users. No trading occurs.
6. What are the methods by which criminals behind this scheme ultimately extort the money of the victims?
When users attempt to withdraw this false 0.31 BTC balance to an external cryptocurrency wallet, they will be shown an alert that says they have to first complete the authentication of their account by making an initial payment that is 0.005 BTC.
The trick is to trick victims to send real Bitcoin funds to the fake website, assuming that their payment will be used to verify their identity.
In reality it is true that the “verification deposit” goes straight into the bank accounts of scammers. After enough genuine funds have been gathered through victims’ accounts, the website disappears and accounts are shut down.
7. What is the reason scammers are focused on celebrity cryptocurrency marketing to perpetrate this scam?
The fraudsters profit from public interest and the hype surrounding cryptocurrency’s profits. Famous people such as Elon Musk are also known as visionaries in the cryptocurrency area, which increases their credibility.
In a fake appearance, celebrities endorse the lucrative cryptocurrency giveaway, scammers entice victims into submitting payments to their fake website, believing they’re generating earnings.
8. Are the fake videos of celebrities made for this scam legal?
No. The non-consensual use of celebrity images and intellectual property with no permissions is prohibited under FTC regulations. Regulators are still having difficulty to enforce the law given the widespread spread of fakes online.
The Bottom Line
The KENZACOIN scam is a timely lesson in protecting the cryptocurrency you own and thinking about prior to sending money anywhere:
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, certificates, and licenses before registering an account.
Beware of “free crypto” – Genuine platforms will not offer Bitcoin or offer bonuses just to sign up.
Do not allow withdrawals through deposits. No legitimate website requires users to deposit money prior to withdrawing balances from their accounts.
Report suspicious activity. Notify authorities of potential frauds and assist in bringing fraudsters to justice.
Be on the lookout for similar scams that impersonate celebrities and exploit the excitement about cryptocurrency. Be aware of these deceitful methods to guard your family and friends from scammers.