Avoid getting scammed by fake PayPal Stablecoin websites

Also Known As: "PayPal Stablecoin" crypto drainer
Damage level: Medium

What kind of scam is "PayPal Stablecoin"?

After inspecting "PayPal Stablecoin", we determined that it is a scam imitating the PayPal online payment/ money transferring platform. This fake site offers users the chance to claim PayPal USD cryptocurrency. The scheme operates as a crypto drainer.

PayPal Stablecoin scam

"PayPal Stablecoin" scam overview

This scam mimics the design of PayPal's official website. It offers the PayPal USD (PYUSD) stablecoin – a type of cryptocurrency that has a relatively stable price. Users must connect their cryptowallets to the scam in order to claim PayPal USD.

It must be stressed that this online platform is fake, and it is in no way associated with the actual PayPal Holdings, Inc. or any other legitimate entities.

Therefore, after a wallet is connected – a draining mechanism is triggered. Some drainers are capable of approximating the value of the digital assets stored in victims' wallets, thus prioritizing them. The funds are transferred in automated transactions – hence, the cryptowallet may get fully or partially drained.

The transfers may be tracked as vaguely as possible so as to diminish the chances of raising immediate suspicion. The financial loss experienced by victims depends on the value of the stolen funds.

It is pertinent to mention that due to the nearly untraceable nature of cryptocurrency transactions – they cannot be reversed.

Threat Summary:
Name "PayPal Stablecoin" crypto drainer
Threat Type Phishing, Scam, Social Engineering, Fraud
Fake Claim PayPal USD (PYUSD) stablecoin promotion
Disguise PayPal
Related Domains cryptopaypal[.]world
Detection Names (cryptopaypal[.]world) Combo Cleaner (Phishing), Emsisoft (Phishing), Ermes (Phishing), ESET (Phishing), Fortinet (Phishing), Full List Of Detections (VirusTotal)
Serving IP Address (cryptopaypal[.]world)
Distribution methods Spam, compromised websites, rogue online pop-up ads, potentially unwanted applications.
Damage Loss of sensitive private information, monetary loss, identity theft, possible malware infections.
Malware Removal (Windows)

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Crypto drainer scam examples

We have examined numerous online scams; "Claim EZPOINTS", "Layer Bank MANTA Airdrop", and "Seiyans Mint" are just a couple examples of cryptocurrency-draining schemes.

The Internet is rife with deceptive/malicious content, and crypto-centric scams are but one type. Due to how widespread scams are and how well-made they can be – we strongly recommend exercising caution when browsing.

How did I open a scam website?

Spam is commonly utilized in scam promotion, e.g., social media/ forum posts, PMs/DMs, emails, SMSes, browser notifications, etc. Deceptive sites can also be accessed via redirects caused by webpages employing rogue advertising networks, mistyped URLs, intrusive ads, and installed adware (with browser force-opening capabilities).

How to avoid visiting scam websites?

Fraudulent and dangerous online content usually appears genuine and innocuous. For example, intrusive advertisements and spam browser notifications may look harmless – yet they redirect users to highly questionable webpages (e.g., scam-promoting, gambling, adult dating, etc.).

Therefore, we recommend being careful while browsing. Pay attention to URLs and enter them cautiously. Be selective about which sites you permit to display browser notifications; do not enable suspicious pages to do so (i.e., do not click "Allow", "Allow Notifications", etc.), instead ignore or deny these requests (i.e., select "Block", "Block Notifications", etc.).

We advise against using websites that offer pirated software/media or other dubious services (e.g., illegal streaming or downloading, Torrenting, etc.), as these webpages typically use rogue advertising networks. Be vigilant with incoming emails/messages, and do not open attachments or links found in suspect mail.

Another recommendation is to download from official/trustworthy sources and treat installations with caution (e.g., read terms, study options, use "Custom/Advanced" settings, and opt out of supplementary apps, extensions, etc.) – to prevent bundled/harmful programs from infiltrating the device.

If your computer is already infected, we recommend running a scan with Combo Cleaner Antivirus for Windows to automatically eliminate all threats.

Text presented in "PayPal Stablecoin" scam:

PayPal stablecoin

Designed for payments.

1 USD : 1 PYUSD on PayPal

Introducing the new cryptocurrency, PayPal USD (PYUSD).1 It’s a stablecoin backed by secure and highly liquid assets. As PYUSD rolls out, you’ll be able to buy, sell, hold, and transfer it in our app or on our site.


The appearance of "PayPal Stablecoin" scam (GIF):

Appearance of PayPal Stablecoin scam (GIF)

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How to identify a pop-up scam?

Pop-up windows with various fake messages are a common type of lures cybercriminals use. They collect sensitive personal data, trick Internet users into calling fake tech support numbers, subscribe to useless online services, invest in shady cryptocurrency schemes, etc.

While in the majority of cases these pop-ups don't infect users' devices with malware, they can cause direct monetary loss or could result in identity theft.

Cybercriminals strive to create their rogue pop-up windows to look trustworthy, however, scams typically have the following characteristics:

  • Spelling mistakes and non-professional images - Closely inspect the information displayed in a pop-up. Spelling mistakes and unprofessional images could be a sign of a scam.
  • Sense of urgency - Countdown timer with a couple of minutes on it, asking you to enter your personal information or subscribe to some online service.
  • Statements that you won something - If you haven't participated in a lottery, online competition, etc., and you see a pop-up window stating that you won.
  • Computer or mobile device scan - A pop-up window that scans your device and informs of detected issues - is undoubtedly a scam; webpages cannot perform such actions.
  • Exclusivity - Pop-up windows stating that only you are given secret access to a financial scheme that can quickly make you rich.

Example of a pop-up scam:

Example of a pop-up scam

How do pop-up scams work?

Cybercriminals and deceptive marketers usually use various advertising networks, search engine poisoning techniques, and shady websites to generate traffic to their pop-ups. Users land on their online lures after clicking on fake download buttons, using a torrent website, or simply clicking on an Internet search engine result.

Based on users' location and device information, they are presented with a scam pop-up. Lures presented in such pop-ups range from get-rich-quick schemes to fake virus scans.

How to remove fake pop-ups?

In most cases, pop-up scams do not infect users' devices with malware. If you encountered a scam pop-up, simply closing it should be enough. In some cases scam, pop-ups may be hard to close; in such cases - close your Internet browser and restart it.

In extremely rare cases, you might need to reset your Internet browser. For this, use our instructions explaining how to reset Internet browser settings.

How to prevent fake pop-ups?

To prevent seeing pop-up scams, you should visit only reputable websites. Torrent, Crack, free online movie streaming, YouTube video download, and other websites of similar reputation commonly redirect Internet users to pop-up scams.

To minimize the risk of encountering pop-up scams, you should keep your Internet browsers up-to-date and use reputable anti-malware application. For this purpose, we recommend Combo Cleaner Antivirus for Windows.

What to do if you fell for a pop-up scam?

This depends on the type of scam that you fell for. Most commonly, pop-up scams try to trick users into sending money, giving away personal information, or giving access to one's device.

  • If you sent money to scammers: You should contact your financial institution and explain that you were scammed. If informed promptly, there's a chance to get your money back.
  • If you gave away your personal information: You should change your passwords and enable two-factor authentication in all online services that you use. Visit Federal Trade Commission to report identity theft and get personalized recovery steps.
  • If you let scammers connect to your device: You should scan your computer with reputable anti-malware (we recommend Combo Cleaner Antivirus for Windows) - cyber criminals could have planted trojans, keyloggers, and other malware, don't use your computer until removing possible threats.
  • Help other Internet users: report Internet scams to Federal Trade Commission.

Frequently Asked Questions (FAQ)

What is an online scam?

Online scams are messages designed to deceive users into performing specific actions, e.g., connecting cryptowallets to cryptocurrency drainers, making monetary transactions, purchasing products, subscribing to services, revealing private data, downloading/installing software, etc.

What is the purpose of online scams?

The purpose of online scams is to generate revenue for their designers. Cyber criminals predominantly profit by obtaining funds through deception, endorsing websites/software, abusing/selling private information, and proliferating malware.

I have lost cryptocurrency to the "PayPal Stablecoin" scam, can I get my money back?

No, these transactions cannot be reversed because of their practically untraceable nature.

Why do I encounter online scams?

Online scams are primarily promoted via websites utilizing rogue advertising networks, misspelled URLs (typosquatting), spam (e.g., emails, DMs/PMs, SMSes, social media posts, browser notifications, etc.), intrusive advertisements, and adware.

Will Combo Cleaner protect me from online scams?

Combo Cleaner is designed to scan visited webpages and detect rogue, deceptive/scam, and malicious ones. Therefore, if you enter such a website – you will be warned immediately, and further access to it will be blocked.

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About the author:

Tomas Meskauskas

Tomas Meskauskas - expert security researcher, professional malware analyst.

I am passionate about computer security and technology. I have an experience of over 10 years working in various companies related to computer technical issue solving and Internet security. I have been working as an author and editor for pcrisk.com since 2010. Follow me on Twitter and LinkedIn to stay informed about the latest online security threats. Contact Tomas Meskauskas.

PCrisk security portal is brought by a company RCS LT. Joined forces of security researchers help educate computer users about the latest online security threats. More information about the company RCS LT.

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Malware activity

Global malware activity level today:

Medium threat activity

Increased attack rate of infections detected within the last 24 hours.

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