Bittrex Email Scam: Beware Of This Phishing Crypto Scam!

One of the latest scam tricks that has been making wave over the internet is the Bittrex Email Scam. Many of their victims have lost all they have worked hard for as a result of this scam. Did you receive any email telling you from them requesting for your personal information? If yes, kindly ignore! It is a huge scam. This review uncovers the fraudulent activities of this scammers and offers tips on how to detect scam calls and avoid them. Read till the end.

Phishing (Email scams) and Smishing (Fraud through Text messages) are on the increase these days. Scammers are now coming up with several ways to defraud people on a daily basis. One of the ways they do this is by sending messages to people prompting them to release vital information or even gaining access to their information without their knowledge. Receivers of such texts are therefore advised to always carry out due diligence before giving out any information about themselves.

What Is The Bittrex Email Scam All About?

Bittrex Email Scam is a email sent by fraudsters disguising themselves to be from Bittrex, a cryptocurrency exchange company. These scammers tricks their victim into revealing sensitive information with the aim of stealing from their cryptocurrency wallet. Do not fall for it.

How Does Bittrex Email Scam Work?

In order to appear genuine, the cyber criminals behind the Bittrex Email Scam employ different strategies. This includes trying to convince people that the company is shutting down its services after filing for bankruptcy. It further claims that the recipient’s account has a remaining balance exceeding $5,750. They pretend to be willing to help facilitate a smooth withdrawal process so that the recipient can claim their money before the platform shutdown. The email provides detailed steps for the withdrawal process, including a specified withdrawal window and a link for people to click on to initiate the withdrawal.

They make the email look so real and urgent so that their victims will click the link that these fraudsters sends to them immediately without giving it a second thought. Once they click on this link, it redirects them to a fraudulent website where their personal details such as account details, security number or password will be requested by these scammers claiming that it is for verification purposes.

However, with that information, these scammers can now gain unauthorized access to the users’ cryptocurrency wallets and transfer digital assets to their own wallets. Below is a sample of the Bittrex Email Scam.

What Are The Effects Of This Phishing Scam On The Receivers?

The negative effects that Bittrex Email Scam has had on people who fell victim of their tricks unknowingly is really heartbreaking. Some lost their life time savings after releasing their details. Others even ran into huge debt because they had to borrow from friends to survive. Some other victims were even put in a critical health condition just because they could not bear the shock of losing all they had to these fraudsters.

These and may more stories, prompted us to start educating the public about this fast rising scam known as Bittrex Email Scam as well as other methods used by scammers these days.

How To Detect The Bittrex Email Scam.

Below are some of the ways you can identify the Bittrex Email Scam.

• They make the message sound urgent and give penalty for those who default. This is to make the receiver do what they said.
• They disguise to be a reputable agency, steal the agency’s official logo and address just to convince people.
• They send links to malicious sites to get your personal information and steal from you.
• They may request for payment from you.
• There are usually errors in their email address or the content of the mail or text.
• Majority of them only make use of text messages and chats or call.

7 Ways To Avoid Being Scammed By These Fraudsters.

In order not to be a victim of the Bittrex Email Scam or any other fake agency, follow these instructions:

• Do not click on any link or download attachment from an unknown sender: Do not be in a hurry to click on any link sent in a mail or text message from someone you do not know.
• Check the URL of the links they sent: Is there is an error in the URL or even the content of the text message like misspelling or omission, then know it is a scam.
• Carry out your investigation: Before clicking on any link, do a research to know if they are actually it is actually coming from the said organization. This will save you a lot.
• Do not disclose your personal information anyhow: No genuine agency will request that you provide personal information such as bank account details, password information and others immediately.
• Follow your instinct: Whenever you come across a suspicious message, it always safe to pay attention to the details in the message rather than being carried away by their urgent tone.
• Report suspicious email or text messages: As soon as you receive any suspicious message, report to your local enforcement agency so that they will take actions to stop further scam activities. If you have already shared your personal or financial information with these scammers, all you just have to do is to shut down your cards, block the sender then report the incident.
• Update your anti-virus and operating system regularly: In order to be safe from phishing scams like this, always make sure you are using the latest version of your antivirus software as well as your operating system. Also, change your passwords regularly.
• Tell others about the Bittrex Email Scam: Enlighten your friends and family member about the ongoing scam so that they will be aware and not fall victim.

Conclusion

People should be cautious of the information they give out about themselves. There are many scammers out there targeting unsuspecting people with fake investment deals. Sadly, Bittrex Email Scam is one of the viral scams over the internet recently just like Metahorizon investment scam. To stay safe from these fraudsters, you have to adhere to the instructions given above. Click Here to see a list of phishing scams to avoid. Other online scams we have reviewed are Rogers Credit Scam and Sky Refund Scam