Twitter is already so full of fake ads that scammers have decided to move to Facebook. Unlike standard Bitcoin giveaway scams on Twitter, scammers on Facebook are scamming users out of their credit card information.
One of the ads that redirects to a fake CNBC page offers to get a large income by investing in the non-existent CashlessPay cryptocurrency. Once you click on a link to a fake site, the scam becomes more obvious, although less informed users may not notice it. Among other things, the URL does not match the CNBC domain.
Information on the site claims that Singapore has passed new legislation that promotes the adoption of cryptocurrencies and is about to issue its own Singapore official coin token. And that the purchase and marketing of this new coin will be carried out through the CashlessPay Group. The site also redirects to another fake cryptocurrency page, CashlessPay. All links on the site are broken, except for the registration form at the top of the website, which prompts users to fill out their personal information, including phone number and email address.
Once the victim has completed the form, the website redirects them to the pages of cryptocurrency platforms Roiteks or CoinPro Exchange. Both of these platforms are unregistered, but this is not surprising. No matter which page you end up on, you'll be asked to enter your personal information again, followed by your credit card information.
We used PayPal's popular payment testing tool to see what would happen if users provided credit card information, but the transactions were declined every time.
Even though scammers are using the popularity of cryptocurrencies for their tricks, they want to steal money the old-fashioned way through a bank card.
Interestingly, the scammers managed to bypass Facebook’s security system with their advertising.
According to https://thenextweb.com
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