Difficult to Distinguish Between True and False: Preventing Fraud Traps of Counterfeit Hotcoin
Enhance fraud awareness, recognize official channels, and beware of scams!Recently, Hotcoin has received feedback from community users regarding the emergence of counterfeit Hotcoin websites and imitation apps that mislead users into downloading and installing them. These malicious entities guide users to register and deposit funds, using high rebate offers to entice users to send their deposit addresses. They then intercept or alter users' exchange deposit addresses through implanted Trojan viruses, resulting in asset losses for users.
Hotcoin hereby reminds all users to enhance their fraud awareness, recognize official channels, and be vigilant against scams!
What is a counterfeit app?
Fake apps have a similar appearance to the legitimate Hotcoin official app and other legal apps that you see in official stores. The purpose of these scammers creating such fake software is to deceive users into thinking that it is the real app and to download it. These scammers essentially aim to exploit users' trust in the issuing or service organization of the genuine app, luring users to install malicious software on their devices. For cryptocurrency or financial service apps, installing such software on personal devices poses serious risks to users' assets.
From logos to names, fake apps look almost identical to the real ones.
APP user interface (Left: Hotcoin official APP Right: counterfeit APP)
However, from the homepage and other user interfaces, they differ greatly from the Hotcoin official app. The counterfeit app appears just like a real mobile application. On the surface, they may have the same interface, services, and functions.
But upon closer inspection, you will find that the malware is secretly monitoring your phone activities or attempting to steal your personal information and assets. Scammers spread fake apps through various means, including common communication software, third-party or counterfeit app stores, as well as emails or text messages.
Fake applications in the cryptocurrency field often replace the addresses displayed on their deposit and withdrawal pages. When users initiate transfers, their assets ultimately end up in the scammers' accounts. This is one of the most common ways cryptocurrency users lose assets due to fake applications.
Dangers of counterfeit apps
Exercising fraud
Fake apps lure users into transferring funds or making large deposits with offers like "high rebates" and "multi-layered earnings," and promote these schemes. When users want to withdraw, they will be blocked from doing so under various pretexts.
Data theft
Some counterfeit apps are created by debugging the original code of the legitimate Hotcoin app. These modified apps can quietly send personal passwords and detailed login information to others without your knowledge. They can send various personal data: text messages, calls, your contact list, images, search history, location data, cryptocurrency wallet addresses, and even mnemonic phrases. Once attackers obtain the user's credentials and/or mnemonic phrases, they can easily steal the user's funds. Additionally, criminals can share the victim's personal information with other scammers, who may target the victim for further attacks.
Asset loss
Scammers exploit the fact that cryptocurrency wallet addresses are hard to remember. The most common scam method is that fake apps can generate cryptocurrency wallet addresses that are similar to real wallet addresses, leading to asset loss for cryptocurrency users. Scammers can then replace the real addresses displayed on the user interface's deposit and withdrawal pages. Unless users compare each character, there is almost no difference in appearance between the real wallet address and the counterfeit wallet address.
Address modification
Another common scam method is that when users copy and paste deposit or withdrawal addresses, the fake app manipulates the user's clipboard. In this case, when users paste the address for a transfer, they are pasting the scammer's forged wallet address, and ultimately, the user's funds will end up in the scammer's pocket.
In addition to the clipboard, scammers can also replace the QR code encoding the withdrawal address.
Fraud prevention tips
Trojan apps may jeopardize your financial security! When you perform fund transfer operations such as deposits and withdrawals, please carefully verify the deposit and withdrawal addresses, and confirm that the addresses shown in email verification match, as well as the transfer amounts, login information, etc., to avoid losses.
When downloading the Hotcoin app or other clients, please be sure to use official channels:
Log in to Hotcoin's only official website: www.hotcoin.com, click the download icon on the right side of the navigation bar, scan the code to download the app, or click [More download options] to see more download methods.
- The developer of the Hotcoin official app is "HOTBGLOBAL FINANCE LIMITED"; all others are counterfeit.
- You can invite friends to download and register for Hotcoin, ensuring that your friends do not download Trojan apps. After successful registration, both you and your friends will receive rebate rewards and a newbie gift pack.
Invitation method: Log in to the Hotcoin app, click the banner on the homepage, enter the invite friends page, click [Invite Friends], and choose to send invitations to friends via poster/link/QR code. Once your friends receive it, they can follow the prompts to download and register for Hotcoin.
- If you have any related questions, you can consult Hotcoin's official 24-hour online customer service for verification. The platform will also do its utmost to investigate the relevant situation.
How to contact online customer service?
APP:
Click the [Customer Service] icon on the Hotcoin app homepage.
Web:
Click the customer service icon at the bottom right corner of the official website homepage.
If you discover any impersonation of Hotcoin officials for scams or impersonation and abuse of Hotcoin's official name for illegal activities, you can also contact us through the Hotcoin official Telegram group, official website, or official social media for verification and reporting.
Hotcoin official website:
Hotcoin official Telegram group:
Hotcoin official Twitter:
Hotcoin official channel verification page:
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