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Author: Admin | 2025-04-28
What kind of scam is "Bitcoin Prize Draw"?"Bitcoin Prize Draw" is a scam intended to trick victims into sending funds to scammers. Our research team discovered this scheme while investigating a spam email. The file attached to the scam-promoting email claimed that the recipient had won a Bitcoin cryptocurrency prize. The attachment redirected to a similar page, which finally landed on a website requesting a tax payment.IMPORTANT NOTE: We do not review crypto projects, please do your own research when investing money.Federal Trade Comission (FTC) states that since the start of 2021, more than 46,000 people have reported losing over $1 billion in crypto to scams – that's about one out of every four dollars reported lost, more than any other payment method."Bitcoin Prize Draw" scam overviewWe discovered the "Bitcoin Prize Draw" scam while examining a spam email with a subject claiming that a financial transfer is pending confirmation. Interestingly, the body of the letter concerns a different topic; it states that the recipient's personal account will be deleted.The file attached to the email is a PDF document announcing that the user has won a 0.75 BTC (Bitcoin cryptocurrency) prize (note that the amount may vary between variants). The winner is instructed to contact an operator to claim their winnings. Clicking on the image in the PDF redirects to a webpage with a similar design.Interacting with this site redirects to yet another one. This website is presented as the "largest promotion" held by unspecified cryptocurrency exchanges. It promises various rewards, including equipment, vouchers, cash prizes, and up to 50 BTC. The user will have to select a box, and they might win a reward.The first step for participating is to enter their name in the appropriate field. The user is then presented with multiple images of gift boxes, and they have three attempts to win a prize. Clicking any of them results in a supposed win, and the winner is instructed to press the button below to contact an operator for claiming the 0.75 BTC prize (amount may vary).After a fake wait period, a connection is established with an operator,
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