Dogecoin AirDrop 2X Double Return Scam Method (Dogecoin2050)

Dogecoin (DOGE) is a cryptocurrency favored even by Tesla CEO Elon Musk. Recently an AirDrop-style scam method has appeared.

The Dogecoin Scam Method

The basic strategy of this scam has 7 steps, including:

1. Design a one-page website (Dogecoin2050.com) as shown in Figure 1 (1) below;
2. Provide fake user experiences through the designed conversation in Figure 2 (2) below;
3. Referring to Figure 1 (3), pretend to prepare 100,000,000 Dogecoins in a coin pool, claiming that as long as you put in one Dogecoin, two will be returned from the pool;
4. As shown in Figure 1 (5), require a minimum deposit of 10,000 Dogecoins and a maximum limit of 10,000,000 DOGE;
5. As shown in Figure 1 (4) below, provide the scam group’s own private currency receiving address (note: the address in Figure 1 has been modified);
6. As shown in Figure 1 (6) below, design a number bar that automatically decreases over time, creating the illusion that many people keep putting in cryptocurrency;
7. As shown in Figure 3 below, create a fake transaction status that keeps updating, working with step 6 above to create a sense of tension that the coin pool keeps shrinking.

Figure 1. Dogecoin Airdrop event

Figure 2. Fake user conversation

Figure 3. Fake transaction status bar

Through the seven steps above, even I was momentarily stirred by greed.

And the most important point: a big reason I knew about this scam airdrop is that I had joined Dogecoin’s official community account, and the scam group simply faked a similar account and pulled me into a fake official event called “Offical Giveaway Promo” as shown in Figure 4 below, making it look very convincing.

Figure 4. Fake Dogecoin official event

Tracing the Website Registration Information

The domain name used by this scam group is “Dogecoin2050.com.” The website registration information is checked as follows.

Domain Name: DOGE2050.COM Registry Domain ID: 2671872471_DOMAIN_COM-VRSNRegistrar WHOIS Server: whois.reg.comRegistrar URL: http://www.reg.ru Updated Date: 2022-01-30T17:34:01Z Creation Date: 2022-01-30T17:32:04Z

Although the website registrant hid and blocked their personal information, there is a very simple way to tell: the website they used to register ends in .ru.

In other words, there is an 87% chance the other party is Russian. Although Russia has many good hackers, it is also a place where large numbers of hackers roam the world, so whenever you see something coming out of ru and connected to money, nine times out of ten you need to stop, look, and listen.

Moreover, this website was registered the day before yesterday, on January 30, so it is still very fresh, and who knows how many people will be scammed.

The Fake Dogecoin Airdrop Coin Pool

Finally, now that I am about to finish this article, let us look again at how many Dogecoins are left in the coin pool from step six above.

Around 3:30 in the afternoon, there were still 8,851,186 coins in the pool (as shown in Figure 1). Then, referring to Figure 5 below, only 5,537,274 coins were left in the pool.

Figure 5. Remaining currency amount in the fake Dogecoin airdrop coin pool.

Well, the interesting thing is that when we switch to another phone and look again, the coin pool amount shown in Figure 6 below appears again. Ding-dong.

Figure 6. The coin pool counted from scratch.

It seems this scam group thoughtfully designed a tracking mechanism, so that those ducks who keep watching from the shore can be quickly herded onto the shelf and shipped out.