KENZACOIN.com is an untrue cryptocurrency trading site that is advertised through a complex fraud through the social networks. By using fake videos of famous people such as Cristiano Ronaldo as well as Elon Musk. The scammers entice users to deposit Bitcoin on the fake website by offering free crypto-related giveaways that are activated with 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 latest fraudulent cryptocurrency trading site being advertised through a sophisticated fake-faced scam on social networks. Utilizing fake or voice-dubbed video 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 is carried out by spreading false videos through YouTube, TikTok and Facebook. The videos in the video, stars with the deepest skin describe a unique Bitcoin giveaway in collaboration with KENZACOIN.com.
They offer step-by-step instructions to users to sign up on the website and then enter promotional codes like “CR7” or “Tiktok11” to get free Bitcoin money in their account.
Users who enter the codes following registration will have a balance of 0.31 BTC added to their KENZACOIN dashboard. However, when trying to withdraw the money the message will tell them that they need to first make an initial payment that is 0.005 BTC to “activate” withdrawal options.
The requirement for deposits tricked unsuspecting users into making real Bitcoin transactions, which fraudsters immediately take. It is true that the KENZACOIN platform and the rumored popular crypto giveaways do not exist.
The fake KENZACOIN platform and the crypto giveaway are not real. It is a fake trading front that collects deposits into wallets of scammers. After the site has accumulated enough funds the site goes down and the victims are left with no means to get their money back.
By securing public trust through people such as Cristiano Ronaldo Elon Musk Bill Gates, Mark Zuckerberg and Drake Scammers add credibility to the claim that the viewers will earn free Bitcoin. However, in the real world, it’s an elaborate fraud designed to extort crypto funds.
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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 ruses to carry out fraud. KENZACOIN fraud. Let’s take a closer look at the process step-by-step:
Step 1: Produce Fake Celebrity Endorsement Videos
The scammers employ artificial intelligence-based video editing to create fakes that seem to depict celebrities such as Cristiano Ronaldo Elon Musk Bill Gates, Mark Zuckerberg or Drake supporting the Bitcoin giveaway as well as the KENZACOIN platform.
Two principal techniques are employed:
Deepfake uses AI algorithms to instantly substitute the person’s face and voice, with a high quality of realism, making the videos appear 100% authentic.
Voice dubbing – Takes actual interviews and applies software that mimics voices to create the illusion that the famous person is saying things they never actually said.
Both strategies allow the crooks to create convincing video in which the actors seem to directly talking to viewers, instructing them on how to get the free Bitcoin via KENZACOIN.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 celebrities who are featured.
Hashtag campaigns Scammers make use of similar hashtags from celebrities or crypto to attempt to make the videos viral in these communities.
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 include hyperlinks that direct visitors to KENZACOIN.com website. While the website appears professional from the first look however, it’s actually a total fraud designed to take deposits.
The actual trading of cryptocurrency or exchange occurs. The balances and platforms displayed are carefully faked.
Step 4: Instruct Viewers to Use Promo Code
In accordance with the instructions in the fake celebrity’s video, customers visit KENZACOIN.com and enter the promo code when signing up for example “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 that the promo code has added no cost Bitcoin to their account.
Step 5: Prevent Withdrawals Until Deposit
If users try to transfer funds from their external wallet, an error message says they need to first make an investment in the amount of 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 completing identification verification.
Step 6: Steal Deposits and Disable Accounts
After the scammers have accumulated enough genuine Bitcoin funds, they then 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 tools, both psychological and technological consumers will be able to recognize and stay clear of scams in cryptocurrency giveaways disguised as celebrity endorsements. Offers that appear too appealing to be true usually aren’t.
Frequently Asked Questions
1. What do you think is behind what exactly is KENZACOIN Bitcoin promo coupon scam?
This is a risky fraudulent cryptocurrency scam that employs deceitfully edited videos of famous people to lure victims into making Bitcoin funds to a fake trading site KENZACOIN.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 in conjunction with KENZACOIN.com.
In the videos, celebrities who are voicedubbed or deepfaked provide an exclusive promo code like “CR7” or “Tiktok11” that they claim their users can utilize on KENZACOIN.com to get free Bitcoin money in their accounts.
The truth is, KENZACOIN.com does not actually allow any genuine transactions or trading. It’s a scam platform that was created solely to gather and steal Bitcoin deposits from innocent users who have been lured by false celebrities’ endorsement videos.
2. Who are the celebrities who are often impersonated in scam videos?
The most frequently-used celebrities used in the fraud videos are:
Cristiano Ronaldo
Elon Musk
Bill Gates
Mark Zuckerberg
Drake
The scammers pick these celebrities due to their massive acceptance and public trust that gives an impression of legitimacy in the false Bitcoin giveaway. Celebrities’ popularity makes it more likely that the target will end up being sucked into the scam.
3. What is the process by which fake celebrity endorsement videos made?
The scammers use two main strategies:
Deepfake technology that is advanced that effortlessly replaces the real-life celebrity’s voice and face by creating a fake imitation that is designed to look and sound authentic and authentic.
Voice dubbing, which is the process of taking real interview footage of the star 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 also promoting the Bitcoin giveaway.
4. What and how do fraudsters promote their fraudulent videos?
After being created, fake videos were distributed across social media platforms such as YouTube, Facebook, Instagram and TikTok using two primary strategies:
Paid-for video advertisements targeted at those interested in cryptocurrency trading and investing.
Hashtag campaigns utilizing related terms like #Bitcoin the #ElonMusk hashtag, and #CryptoGiveaway are used more people.
The mass distribution of the videos through organic and paid channels allows the fraudulent videos to be watched by the most potential victims possible.
5. What happens if victims utilize the KENZACOIN.com coupon code?
After being enticed by fake endorsements from celebrities the victims visit KENZACOIN.com and type in the promo code at the time of registration for example “CR7” or “Tiktok11”.
By entering these codes, you can make the amount of 0.31 BTC to the user’s KENZACOIN account’s dashboard. This is intended to trick the user into thinking that the promo code was successful in adding free Bitcoin to the account balance.
In reality, there is there is no real Bitcoin is actually deposited. The balance is fraudulent and is designed solely to manipulate the users. No trading occurs.
6. How can the criminals who are behind this scam eventually steal the money of the victims?
When users attempt to withdraw their fraudulent 0.31 BTC balance to an external cryptocurrency wallet, they see an error message that states they need to complete their authentication of their account by making an initial withdrawal in the amount of 0.005 BTC.
It tricked victims who were not aware to send real Bitcoin money to the fraudulent site, believing that the money will be used to verify their identity.
In reality it is true that the “verification deposit” goes straight into the wallets 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 scammers profit from the public’s fascination and the hype surrounding cryptocurrency’s profits. Famous personalities such as Elon Musk are also known as visionaries in the cryptocurrency area, which boosts their credibility.
Impersonating celebrities who endorse an enticing crypto giveaway, scammers trick victims into submitting payments to their fraudulent 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 as well as intellectual property that is not authorised by the owner of it, are unlawful under FTC regulations. Regulators are still having difficulty to enforce laws due to the widespread spread of fakes online.
The Bottom Line
The KENZACOIN scam provides a crucial lesson in protecting your crypto and thinking carefully before making payments to anyone:
Examine endorsements of celebrities – Check celebrity crypto-related advertisements before taking action. Verify legitimacy by contacting official channels.
Explore trading platforms and verify every exchange, and search for reviews, certifications, or licenses prior to opening an account.
Beware of “free crypto” – Genuine platforms will not offer Bitcoin or offer bonuses just in exchange for signing up.
Do not allow withdrawals through deposits. There is no legitimate site that requires users to deposit money prior to withdrawing account balances.
Report suspicious activity. Notify authorities of potential frauds and assist in bringing fraudsters to justice.
Be on the lookout for similar scams using celebrities as models and exploiting the publicity surrounding cryptocurrency. Inform your friends about these fraudulent strategies to safeguard your fellow citizens from scammers who are stealing their money.
