Wowdex.top is an illegal cryptocurrency trading platform that is being promoted by a sophisticated scam through the social networks. Utilizing fake videos of famous people such as Cristiano Ronaldo as well as Elon Musk. The scammers entice customers into putting down Bitcoin through the fake website by promising free cryptocurrency giveaways that are activated with specific promo codes. However, Wowdex.top only exists to take money from people attracted by fake celebrities’ endorsements and the too-good-to-be-true bonus.
An overview of Wowdex.top Bitcoin Promo Code Scam
Wowdex.top is the most recent fake cryptocurrency trading platform that is being promoted by a slick fake-faced scam on social networks. By using fake videos or voice-dubbed ones 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 distributing false videos through YouTube, TikTok and Facebook. On the video, stars who are sexy talk about a particular Bitcoin giveaway in conjunction with Wowdex.top.
The site provides step-by-step directions for visitors to sign-up on the website and then enter promotional codes for example “CR7” or “Tiktok11” for instance, in order to get free Bitcoin funds to their account.
Users who enter the codes following registration will see an amount of 0.31 BTC added to their Wowdex.top dashboard. However, when trying to withdraw these funds the system will inform them that they have to deposit a minimum amount that is 0.005 BTC to “activate” withdrawal options.
This requirement to deposit money tricks innocent users into sending genuine Bitcoin transactions, which fraudsters immediately take. It is true that the Wowdex.top platform and the purported famous crypto giveaways are not real.
The fake Wowdex.top platform and the crypto giveaway is not really there. It is a fake trading front that collects deposits into wallets of scammers. After the site has accumulated enough funds the website disappears, and the victims don’t have a way to get their money back.
Through the use of public trust in people such as Cristiano Ronaldo Elon Musk Bill Gates, Mark Zuckerberg and Drake The scammers give credibility to the idea that their viewers will earn Bitcoin. However, in actuality, it’s an elaborate fraud designed to extort crypto-based deposits.
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How does the Wowdex.top Bitcoin Promo Code Scam Does It Work
The perpetrators behind Wowdex.top depend on a combination of convincing fake video clips, manipulation of the mind and technological subterfuge to commit the Wowdex.top scam. Let’s look in depth at the process step-by-step:
Step 1: Create fake celebrity endorsement videos
The fraudsters employ artificial intelligence technology for video editing to create fakes that seem to depict celebrities like Cristiano Ronaldo Elon Musk Bill Gates, Mark Zuckerberg or Drake supporting the Bitcoin giveaway, as well as the Wowdex.top platform.
Two main techniques are employed:
Deepfake is a fake that uses AI algorithms to instantly substitute the person’s face and voice with a higher level of authenticity that makes the videos appear authentic.
Voice dubbing – Takes actual interviews and applies software to mimic the voice of a person to create the appearance that the person speaking is something they didn’t actually say.
Both strategies allow fraudsters to create convincing video where celebrities appear directly speaking to viewers and explaining how they can get gratis Bitcoin via Wowdex.top.
Step 2: Disseminate deceitful Videos to Social Platforms
Once they are created, fake endorsement videos for 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, cryptocurrency or celebrities who are featured.
Hashtag campaigns Scammers make use of similar hashtags from celebrities or crypto to attempt to make the videos go viral within the communities they target.
The wide distribution of the scam gives videos a greater probability of catching potential victims.
Step 3. Direct Viewers go to Wowdex.top
The fake videos include hyperlinks that direct users to Wowdex.top website. Although the site appears professional on first glance however, it’s actually a total fraud designed to make money.
There is no actual cryptocurrency trading or exchange occurs. The platform and balances displayed are faked and elaborately designed.
Step 4: Remind viewers to Use Promo Code
Following the steps in the fake celebrity’s video, visitors go to Wowdex.top and enter the promo code at the time of signing up like “CR7” as well as “TIktok11.”
By entering these codes, you can make an amount of 0.31 BTC to the user’s account dashboard. This makes it appear that the promo code has added no cost Bitcoin to their account balance.
Step 5: Avoid withdrawals until deposit
When users attempt to transfer the funds from an external wallet, they receive a message that requires them to make an initial deposit that is 0.005 BTC to “activate” the withdrawal capability.
The trick is to lure victims into depositing real money to the fraudulent site thinking that they are completing the ID verification.
Step 6: Steal Deposits and disable Accounts
After the scammers have accumulated enough genuine Bitcoin funds, they abruptly remove all user accounts and then shut down the site. The victim’s money is taken.
The cycle repeats again and fraudsters are creating new websites, videos, and accounts to entice new victims.
Through studying these tools, both psychological and technological consumers can identify and stay clear of scams in cryptocurrency giveaways that are backed by fake endorsements from celebrities. The giveaways that look too appealing to be true usually aren’t.
Frequently Answered Questions
1. What do you think is going on with what exactly is Wowdex.top Bitcoin promo code scam?
This is a serious cryptocurrency scam that employs deceitfully edited videos of famous people to lure victims into making Bitcoin money to a fake trading site Wowdex.top.
The scammers make as well as distribute video that depict famous people such as Cristiano Ronaldo Elon Musk Bill Gates, Mark Zuckerberg and Drake signing the Bitcoin giveaway in conjunction with Wowdex.top.
The videos show voice-dubbed or deepfaked celebrities offer an exclusive promo code for example “CR7” and “Tiktok11” They claim their viewers can use on Wowdex.top to get free Bitcoin money to their account.
The problem is that Wowdex.top is not able to permit any actual transactions or trading. It’s a scam platform that is designed to take Bitcoin deposits from unwitting users who are lured by false celebrities’ endorsement videos.
2. Who are the celebrities who are often impersonated in scam video?
The most frequently-used celebrities used in fraud videos are:
Cristiano Ronaldo
Elon Musk
Bill Gates
Mark Zuckerberg
Drake
The scammers pick these celebrities due to their massive popularity and trust in the public this creates an illusion of authenticity in the false Bitcoin giveaway. The fame of the celebrities makes it more likely that the target will end up being sucked into the scam.
3. What is the process by which fake endorsement videos of celebrities created?
The fraudsters rely on two main strategies:
The latest deepfake artificial intelligence technology that instantly replaces the authentic celebrity’s voice and face by creating a fake imitation that is designed to appear and sound authentic and real.
Voice dubbing, which is the process of taking real interview footage of the star and utilizes software that mimics the voice to appear as if they’re speaking to someone different.Both methods allow scammers to create highly convincing videos that are able to show the celebrities speaking directly to viewers, and also promoting giveaways. Bitcoin giveaway.
4. What and how do fraudsters promote their fraudulent videos?
After they were created, the fake videos spread to social media platforms like YouTube, Facebook, Instagram and TikTok by using two strategies:
Paid video ads targeted to those interested in cryptocurrency trading and investing.
Hashtag campaigns that use related terms such as #Bitcoin the #CryptoGiveaway hashtag to reach larger audiences.
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 Wowdex.top promo coupon?
After being enticed by fake endorsements of celebrities the victims visit Wowdex.top and enter the promo code when they register for example “CR7” as well as “Tiktok11”.
By entering these codes, you can make an amount of 0.31 BTC to the user’s Wowdex.top account dashboard. This is intended to fool users into thinking that the promo code was successful in adding free Bitcoin to the balance on their account.
However, in reality, the actual Bitcoin is actually deposited. The balance is fake, and only designed to manipulate users. No trading occurs.
6. How can the criminals who are behind this scam eventually steal cash from the victims?
If a target attempts to transfer their fraudulent 0.31 BTC balance to an external cryptocurrency wallet, they see an alert that says they have to first complete the verification of their account by submitting a minimum amount in the amount of 0.005 BTC.
It tricked victims who were not aware into transferring real Bitcoin money to the fake website, believing that their payment is needed to prove their identity.
In reality it is true that the “verification deposit” is deposited directly into fraudulent wallets of the scammers. After enough real money has been gathered by victims, the website is shut down and accounts are blocked.
7. What can I do if I’ve was swindled and was ripped off in this fraud?
If you have deposited Bitcoin and then lost your money You must immediately follow these steps:
Contact your cryptocurrency exchange or wallet provider to report any unauthorized transactions.
Send complaints to authorities like the SEC, FTC, FBI and local authorities, describing the fraud.
Make sure to report the fake videos and accounts that are spreading the fake news on the social networks.
Contact cryptocurrency exchanges for alerts to detect and stop the fraudster’s wallet addresses.
Inform people about the scam to avoid further victims from becoming.
Be wary of scammers who call you and offer to recover the stolen funds and, in most cases, cause additional loss.
8. Why do scammers concentrate on using popular cryptocurrency advertisements to perpetrate this scam?
The scammers profit from the public’s fascination and hype about cryptocurrency’s potential profit margins. 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 an enticing crypto giveaway, scammers trick victims into submitting payments to their fraudulent website, believing they’re generating profit.
The Bottom Line
The Wowdex.top scam offers a crucial lesson in protecting the cryptocurrency you have and taking your time to think about prior to sending money anywhere:
Examine endorsements of celebrities – Check celebrity crypto advertisements prior to deciding. Check for legitimacy using official channels.
Explore trading platforms and verify any exchange and check for reviews, certifications, or licenses before registering an account.
Be wary of “free crypto” The legitimate platforms will not offer Bitcoin or provide bonuses in exchange for signing up.
Do not allow withdrawals through deposits. There is no legitimate site that requires users to deposit money before withdrawing balances from accounts.
Report suspicious activity. Inform authorities of possible frauds, and help bring fraudsters to justice.
Be on the lookout for similar scams using celebrities as models and exploitation of the hype surrounding cryptocurrency. Inform your friends about these fraudulent methods to guard your fellow citizens from scammers who are stealing their money.
