Fri. Nov 29th, 2024

Don’t Fall for babylonvapes.com: It’s a Scam Like babylonreport.com

By maria Aug15,2024

If you’ve seen ads for babylonvapes.com, steer clear. It’s a scam website that tricks investors into losing their money. It’s the same scam operation as babylonreport.com and babylearner.com that we’ve warned about before. Don’t waste your time or money on this crypto exchange platform.

Warning About babylonvapes.com Trading Platform

Babylon Trading requires an invitation for sign-up and is only accessible through their homepage. Some users are added to a WhatsApp group where they get trading tips from Prof. Hamed Al Maskari and his assistant, Dina Al Mifda. They push users to invest at least $10,000 and some with $1000.

How The Scam Works

When you try to withdraw your money, scammers might tell you that it’s “stuck” and needs an engineer to fix it. They’ll claim you need to pay $1,000 to get it out. This fee is just another scam. The chances of finding real financial success through Facebook, WhatsApp, or shady crypto exchanges are zero.

Red Flags

Similar to Other Crypto Scams

This platform resembles digitalserge.com and previously had a similar site, appreve.com, which was shut down after scamming people.

Controlled by Scammers

This platform is run by crypto scammers. You will almost certainly lose money using it. Even if you see initial profits and manage to withdraw some money, don’t be fooled. The scammers (known as “the Professor” Hamed Al Maskari and his assistant Dina Al Mifda will prevent you from accessing your funds.

Unreachable Funds

Your account may appear to grow quickly, but you won’t be able to withdraw your money unless you pay the scammers. Even if you pay, you won’t receive any money.

What To Do If You Fall For The babylonvapes.com Crypto Scam

Cancel your credit card

Immediately call your financial provider and cancel your credit card. By so doing, the credit card details you used for your transaction would become null and void.

Request for a new card

After the old credit card has been canceled, ask for a new card, it doesn’t cost much to get one. Your credit card issuer will issue you a new one with different numbers.

Report the Fraud To Relevant Authorities

Report the scam to relevant authorities and organizations. This includes:

  • Internet Crime Complaint Center (IC3): If you are in the United States, you can file a complaint with the IC3 at https://www.ic3.gov/.
  • Your Local Consumer Protection Agency: Contact your local consumer protection agency or the equivalent regulatory body in your country.
  • Better Business Bureau (BBB): File a complaint with the BBB if the online store is based in the United States.

By maria

I'm Maria, a journalist. I fact-check and provide accurate information on trending topics. Prior to working on Infoquu, I worked as a Research Analyst for organizations.

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