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news Scammer using FAKE crypto exchange to pay for your domain name.

Dynadot
Impact
986
This it to inform our domain industry to be very careful when you accept crypto for domain name payment.

I was able to sell domain names and paid by crypto. I also had a experience of someone trying to buy my domain using crypto in a fake exchange. You need to understand the basic of sending and receiving payment using crypto to avoid being a victim.

For a quick run down.
- Bad actor scan the domain marketplace for victims.
- They will send you a private message and asking to continue the negotiation using Telegram (encrypted chat app)
- They will send you basic pre-sales about your domain.
- If everything is good, they will convince you to create an account to the FAKE crypto exchange, where they can send you a fake crypto. If you agree to these terms, your domain name is gone for good.

To continue reading:
https://que.com/scammers-continue-t...me-via-a-fake-bitpolonie-com-crypto-exchange/

Stay safe.
 

AEProgram

Top Contributor
Impact
5,450
The big issue is that the people that fall for this are mostly non domainers.

I think any responsible registrar should have a big alert when people try to transfer / push a name.

It should say: SCAM ALERT WARNING: Did you just "sell" your name in exchange for cryptocurrencies?

If your transaction did not happen via any of the following, and you transfer this name, you most likely will be the victim of a scammer regardless how convincing their site or story is.

Legitimate Escrow or Domain selling platforms:

Escrow.com
Dan.com
List others

Your own crypto wallet:

List known wallets and warning about fake wallets:

Crypto Exchanges:

CoinBase
..

Warn again: If you are not sure contact a broker or visit namepros...

-------------

The issue with crypto scams is that sellers might not know for years that they got scammed. If you got your money in a fake exchange, you might decide to just hold it there until the crypto goes to a certain number and discover then you have nothing.

I expect a ton of cases of domain theft to show up in the comin years because people thought they got crypto for their name and they only discovered they got scammed a long while later.
 

Etim Abasiama

Established Member
Impact
76
The big issue is that the people that fall for this are mostly non domainers.

I think any responsible registrar should have a big alert when people try to transfer / push a name.

It should say: SCAM ALERT WARNING: Did you just "sell" your name in exchange for cryptocurrencies?

If your transaction did not happen via any of the following, and you transfer this name, you most likely will be the victim of a scammer regardless how convincing their site or story is.

Legitimate Escrow or Domain selling platforms:

Escrow.com
Dan.com
List others

Your own crypto wallet:

List known wallets and warning about fake wallets:

Crypto Exchanges:

CoinBase
..

Warn again: If you are not sure contact a broker or visit namepros...

-------------

The issue with crypto scams is that sellers might not know for years that they got scammed. If you got your money in a fake exchange, you might decide to just hold it there until the crypto goes to a certain number and discover then you have nothing.

I expect a ton of cases of domain theft to show up in the comin years because people thought they got crypto for their name and they only discovered they got scammed a long while later.


You said it all. Thanks
 

redemo

Top Contributor
Impact
2,340
The big issue is that the people that fall for this are mostly non domainers.

I think any responsible registrar should have a big alert when people try to transfer / push a name.

It should say: SCAM ALERT WARNING: Did you just "sell" your name in exchange for cryptocurrencies?

If your transaction did not happen via any of the following, and you transfer this name, you most likely will be the victim of a scammer regardless how convincing their site or story is.

Legitimate Escrow or Domain selling platforms:

Escrow.com
Dan.com
List others

Your own crypto wallet:

List known wallets and warning about fake wallets:

Crypto Exchanges:

CoinBase
..

Warn again: If you are not sure contact a broker or visit namepros...

-------------

The issue with crypto scams is that sellers might not know for years that they got scammed. If you got your money in a fake exchange, you might decide to just hold it there until the crypto goes to a certain number and discover then you have nothing.

I expect a ton of cases of domain theft to show up in the comin years because people thought they got crypto for their name and they only discovered they got scammed a long while later.
Companies don't make changes unless 1) it makes them money, 2) it prevents them from losing money or 3) it's the law. While these victims are in the extreme minority most companies will do nothing.
 

karmaco

Top Contributor
Impact
10,576
This it to inform our domain industry to be very careful when you accept crypto for domain name payment.

I was able to sell domain names and paid by crypto. I also had a experience of someone trying to buy my domain using crypto in a fake exchange. You need to understand the basic of sending and receiving payment using crypto to avoid being a victim.

For a quick run down.
- Bad actor scan the domain marketplace for victims.
- They will send you a private message and asking to continue the negotiation using Telegram (encrypted chat app)
- They will send you basic pre-sales about your domain.
- If everything is good, they will convince you to create an account to the FAKE crypto exchange, where they can send you a fake crypto. If you agree to these terms, your domain name is gone for good.

To continue reading:
https://que.com/scammers-continue-t...me-via-a-fake-bitpolonie-com-crypto-exchange/

Stay safe.
The first red flag is taking it to Telegram or off site period.

No genuine buyer will go to Telegram to negotiate imo.

People involved in crypto seem more prone to taking wild chances but anyone getting ripped off in this way who is a domainer is either super green or super desperate or both . Not a seasoned well aware domainer.

Only use trusted platforms to sell domains. Ignore anything trying to pull you off a tried and true platform. Its common sense really.

For crypto payments DAN and Epik work fine.
 

Kingslayer

Top Contributor
Impact
6,951
'Scam' and 'crypto' is something i see together a lot, it's why i don't invest in crypto and why i believe there's only a certain limit it can grow to.

I get loads of blackmail e-mails to one of my e-mail accounts demanding Bitcoin, but i received 3 last week pretending to be from Red Cross and wanting donations in Bitcoin to help the people of Ukraine.

The low people will go to and crypto is perfect tool for these scumbags.
 

jhm

Top Contributor
Impact
8,790
The big issue is that the people that fall for this are mostly non domainers.

I think any responsible registrar should have a big alert when people try to transfer / push a name.

It should say: SCAM ALERT WARNING: Did you just "sell" your name in exchange for cryptocurrencies?

If your transaction did not happen via any of the following, and you transfer this name, you most likely will be the victim of a scammer regardless how convincing their site or story is.

Legitimate Escrow or Domain selling platforms:

Escrow.com
Dan.com
List others

Your own crypto wallet:

List known wallets and warning about fake wallets:

Crypto Exchanges:

CoinBase
..

Warn again: If you are not sure contact a broker or visit namepros...

-------------

The issue with crypto scams is that sellers might not know for years that they got scammed. If you got your money in a fake exchange, you might decide to just hold it there until the crypto goes to a certain number and discover then you have nothing.

I expect a ton of cases of domain theft to show up in the comin years because people thought they got crypto for their name and they only discovered they got scammed a long while later.
🏆
 

frank-germany

domainer since 2001 / musician
Impact
14,098
"Founded in 2021 by cybersecurity engineers, BITPOLONIE is the premier exchange and trading platform,"




"We have a proven track record since we launched our platform in 2015. We are licensed and regulated in the England since 2015. Bitpolonie is a Category "A" member of the International Financial Commission, which guarantees our clients quality service, transparency of relations and protection. No Risks. No delays. No limits."
 

zallus

Established Member
Impact
14
"Founded in 2021 by cybersecurity engineers, BITPOLONIE is the premier exchange and trading platform,"




"We have a proven track record since we launched our platform in 2015. We are licensed and regulated in the England since 2015. Bitpolonie is a Category "A" member of the International Financial Commission, which guarantees our clients quality service, transparency of relations and protection. No Risks. No delays. No limits."
LMAO
 
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