Cryptoqate

The cryptoqate.com website is a component of a complex scam. They use the logo of the gate.io cryptocurrency exchange and create a user interface that resembles the original exchange.

They advertise the exchange on Telegram channels using pictures and videos of a famous person they have already deceived, who believed they were promoting Bitcoin trading. In these videos, they demonstrate the process of fake trading and how to withdraw profits to a bank card by providing bank card details. On the fake trading interface, the scammers persuade victims to purchase BTC, which is 5% cheaper than the market price, and they claim that trading can be repeated thousands of times with the help of a bot.

Of course, this is a fake interface, and the victim cannot withdraw the balance or the purchased Bitcoin.

The second phase of the scam takes place on the Scamadvisor website, where the "victims" report the website as a scam but provide an assisting email address in the description that supposedly helped them with withdrawals. This is how they deceive the victims once again. The "helper" then transfers thousands of dollars to themselves, and the victim does not receive their money.

In the case of fake exchanges, I would like to draw everyone's attention not to trust those who claim they can help with withdrawals. This is the second stage of the scam, and they often use scam filter websites as advertising platforms.