WYGETA.com is a bogus cryptocurrency trading site that is promoted by a sophisticated fraud through popular social networking sites. By using fake videos of famous people such as Cristiano Ronaldo as well as Elon Musk. Scammers deceive users into putting down Bitcoin through the fake website by promising free crypto-related giveaways that are activated with promo codes that are specific to the site. However, WYGETA is a scam that aims to extort money from those attracted by fake celebrities’ endorsements and the too-good-to-be-true bonus.
Overview of the WYGETA Bitcoin Promo Code Scam
WYGETA.com is the most recent fake cryptocurrency trading site being advertised through a sophisticated fake-faced scam on social networks. By using fake voice-dubbed or deepfake videos fraudulent actors impersonate famous people such as Cristiano Ronaldo Elon Musk Bill Gates, Mark Zuckerberg and Drake to trick people to make deposits on Bitcoin.
The scam is carried out by spreading fraudulent videos on YouTube, TikTok and Facebook. The videos in the video, deep-shaved celebrities talk about a unique Bitcoin giveaway opportunity, in conjunction with WYGETA.com.
The site provides step-by-step directions to users on how to sign up on the website and then enter promotional codes like “CR7” or “Tiktok11” for the purpose of claiming free Bitcoin funds to their account.
The victims who type in these codes after registering will see an amount of 0.31 BTC added to their WYGETA dashboard. But, when they attempt to withdraw these funds the system will inform them that they have to 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 immediately take. This is because the WYGETA platform and its alleged cryptocurrency giveaway by celebrities is not in fact existent.
The fake WYGETA platform and the crypto giveaways are not real. It is a fake trading platform that allows users to deposit money to the wallets of scammers. Once the funds have been accumulated the website disappears, and the victims don’t have a way to retrieve their money.
By leveraging the public’s trust in famous figures such as Cristiano Ronaldo Elon Musk Bill Gates, Mark Zuckerberg and Drake The scammers give credibility to the claim that the viewers will earn free Bitcoin. However, in actuality, it’s an elaborate fraud designed to steal crypto funds.
ALSO READ
Dealhubster Review {2024}: Dealhubster com Lawfull or Fake?
Solpeople Scam or legit? Solpeople com- Honest review!
Boudt Review {2024}: Is Boudt com Legit or a Scam?
Claranantes Review {2024}: Is Claranantes com licit or a Scam?
Tesorosales Review {2024}: Tesorosales com Lawfull or Fake?
How the WYGETA Bitcoin Promo Code Scam Works
The perpetrators behind WYGETA.com rely on a mixture of convincing fake footage, psychological manipulators and a technical trickery to commit this WYGETA 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 who endorse the Bitcoin giveaway and the WYGETA platform.
Step 2: Distribute Deceptive Videos on Social Platforms
Once they are created, the fake endorsement videos of celebrities are distributed widely on websites such as YouTube, TikTok, Instagram and Facebook using two primary strategies:
Paid ads – Fraudsters purchase videos that target users who are who are interested in investing in cryptocurrency, crypto or celebrities who are featured.
Hashtag campaigns Scammers employ similar hashtags for celebrities and crypto to attempt to make the videos viral in these communities.
Step 3: Direct Viewers to WYGETA.com
The fake videos contain hyperlinks to take users to WYGETA.com website. Although the site appears professional from the first look but it’s a complete fraud designed to take money.
The actual trading of cryptocurrency or exchange is taking place. The balances and platform shown are fabricated and manipulated.
Step 4: Instruct Viewers to Use Promo Code
Following the steps in the fake celebrity’s video, customers visit WYGETA.com and type in 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, which makes it appear that the promo code has added the value of free Bitcoin to their account balance.
Step 5: Prevent Withdrawals Until Deposit
If users attempt to withdraw the funds from another wallet they receive a message that 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 victims into putting real money to the fraudulent site believing they’re just doing the ID verification.
Red Flags of the WYGETA Scam
The company does not have an online presence or documentation, aside from those promotional films. The company has no official information on WYGETA is available.
The website doesn’t provide proof that can be verified that Bitcoin rewards that are free have been given out in the past.
The celebrities in the videos have not endorsed the campaign. The videos make use of their unlicensed appearance.
Account activation that requires the deposit of bitcoin in advance is a big warning. The only trading platform with a regulatory framework has this kind of requirement.
The domain name WYGETA was registered just recently and could be soon canceled. This isn’t how legitimate businesses function.
There is no phone number, email address, or any other way to contact you is offered the contact form is all that’s provided.
Offers of free bitcoin that sound too good to be true do not exist. If they seem incredibly generous then it’s a fraud.
With all of the obvious warning signs of scams Social media users must immediately stay clear of fake celebrities-endorsed WYGETA cryptocurrency giveaway.
Frequently Asked Questions
1. The question is what exactly what exactly is WYGETA Bitcoin promo code scam?
This is a serious fraud involving cryptocurrency that employs deceitfully edited videos of famous people to trick victims into making Bitcoin money to a fake website for trading WYGETA.com.
The scammers make video clips that include famous celebrities such as Cristiano Ronaldo Elon Musk Bill Gates, Mark Zuckerberg and Drake supporting an Bitcoin giveaway deal in conjunction with WYGETA.com.
In the videos, deepfaked or voice-dubbed stars provide an exclusive promo code, for example “CR7” or “Tiktok11” that they claim their users can utilize on WYGETA.com to get free Bitcoin money in their accounts.
The truth is, WYGETA.com does not actually allow any genuine transaction or trading. It’s a fake platform that was created solely to steal and collect Bitcoin deposits from innocent customers who are lured by fraudulent video endorsements of celebrities.
2. Who is the most frequently impersonated celebrity in fake videos?
The most frequently-used celebrities that are targeted in fraud videos are:
Cristiano Ronaldo
Elon Musk
Bill Gates
Mark Zuckerberg
Drake
The scammers pick these celebrities due to their massive acceptance and trust among the public that gives an impression of legitimacy to the phony 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 fraudsters rely on two principal strategies:
The latest deepfake artificial intelligence technology that effortlessly replaces the real-life persona and voice of the celebrity using fake imitations 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’re saying something completely different.
Both strategies allow scammers to make convincing videos that clearly portray celebrities directly speaking to viewers, as well as advertising giveaways for Bitcoin. Bitcoin giveaway.
4. What and how do fraudsters promote their fraudulent videos?
Once they were created, the fake videos were then distributed to social media platforms such as YouTube, Facebook, Instagram and TikTok by using two strategies:
Paid video advertisements targeted to those interested in cryptocurrency trading and investing.
Hashtag campaigns utilizing similar terms such as #Bitcoin @ElonMusk, #CryptoGiveaway for larger audiences.
Mass distribution via organic and paid channels allows the fraudulent videos to be watched by the most potential victims possible.
5. What happens if victims utilize the WYGETA.com coupon code?
After being deceived by fake endorsements of celebrities The victims then go to WYGETA.com and enter the promo code when they register like “CR7” or “Tiktok11”.
By entering these codes, you can make the amount of 0.31 BTC to the user’s WYGETA account dashboard. This is intended to trick the user into thinking that the promo code has successfully added the free Bitcoin to the balance of their account.
In reality, there is the actual Bitcoin is ever deposited. The balance is fake, and only designed to further deceive the people who are the victims. No trading occurs.
The Bottom Line
The WYGETA scam offers a crucial lesson on how to protect your cryptocurrency and thinking carefully prior to sending any payments:
Examine endorsements of celebrities – Check celebrity crypto-related advertisements before taking action. Verify legitimacy by contacting official channels.
Investigate trading platforms. Check every exchange and check for reviews, certificates, and 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.
Don’t allow withdrawals using 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 scammers to justice.
Be aware of similar scams using celebrities as models and exploiting the publicity surrounding cryptocurrency. Be aware of these fraudulent strategies to safeguard your family and friends from fraudsters.
