Initially, the concept of cryptocurrency was not taken much seriously by people. It even faced suspicion as an easy platform to carry out trading for illegal activities including money laundering and terrorist activities. But later on, people became convinced after getting a better understanding of it. This made them interested in exploring its use via cryptocurrency sites. Today, cryptocurrency has become a popular phenomenon around the world.
In today’s context, cryptocurrencies have proved as the best alternate option for traditional currencies. People are much interested in investing in cryptocurrencies in 2020. Bitcoin is no more a confined choice for them, as well as for the investors. And it is all because of the availability of top altcoin alternatives, like Ethereum, Litecoin, Bitcoin Cash, Tron, Neo, Candara, ZCash, Dash, Monero, and Tether.
But as we observe often, with popularity comes problems also. The growing fame of cryptocurrencies, and companies dealing in it, seem to have attracted scammers that represent identical to cryptocurrency sites. And they are not few, but many. These doppelganger sites seem almost similar to the actual company sites, mentioning all the elements including top platforms of trading, wallets, sales of devices for mining, full nodes, etc.
Fake Sites Resembling Original Cryptocurrency Sites
Currently, a report on mining appliances was written by a well-known crypto news site. One such URL appeared to be related to an authentic manufacturer of mining. But it was not. Why because it went to a doppelganger site that appeared to be a replica of the real URL. This is how mistakes are committed by people who fail to spot the fake from real cryptocurrency sites. The biggest challenge is these sites are hard to get detected. And it is all because of the obvious reason, similarity with the original sites. There might be some slight differences in the description.
Although it is very hard to spot the fake sites from the original, some of them can be known. Well, there is much similarity in web pages that are completely copied from the real web pages of the site. They look somewhat identical to the official page. One such example is of a site that completely resembled the official site of the mining device manufacturer. Although, there are top browsers like Google, that displays the shady site on top forth on pages showing results.
Now, let me mention an example to point out the difference between fake and real. There is one original site called strong.com.cn/. And the website that copied it is strongutech.com. Now can you find out the difference between the two? Yes, there it is. The fake site has attached the word, tech to its name, whereas in the original it is not. The faked website successfully topped the results on Google’s browser page, with the least attempt.
Reporting To Anti-Phishing Page
Now, this is how one of the major browser engines failed to track down the identical fake site. But one should know that websites that are copied from cryptocurrency sites cannot be tagged as official. A report was even sent to the anti-phishing page of Google by one of the top Bitcoin news sites. This also indicates people in reporting the matter, when they become suspicious over a site, that does not seem original.
Replication of original sites is not new to us. This practice has been active for a long time. The official web page of Coinbase in 2014 was also being copied by a fake web page, in the name of coinbase.re/. Almost everything appeared to be the same, except the button for signing up. Now, it all indicates a plan of stealing the login credentials of the user while attempting to use the site. Just like Google failed to track down the phishing web page, the same happened with another browser, that too failed in tracing it. And the replicated site topped the results page of this browser.
Group Running The Spoofed Website Got Arrested
As it says, cheating also works upon luck, and it is not applicable all the time. Mentioning an example is the group that was running a fake website from the original blockchain site, got arrested by the European law bodies. Still, the hackers became successful in duping the users by leaving nothing in their wallets. The technique they applied for executing this phishing act as typosquatting. Here domain name is being used with a minor typo. Apart from this, there have been complaints against the sites of paper wallet generating, that seem fraudulent, for years.
So this is how original cryptocurrency sites are being duplicated. These practices are implemented in such a way, that it becomes difficult for you to segregate the real from fake. The hackers behind all this use a special strategy including typosquatting, which helps copy the domain name of the site. Even the major browser engines like Google failed in tracking down it. Because of this, phishing web pages topped the results page. The practice of this cheating has been for a long time. So there is nothing new to know about it. But one should be careful enough to track and report it on anti-phishing pages of browsers.