Avoid getting scammed by fake "$PARAM Claim Live" websites

Also Known As: "$PARAM Claim Live" crypto drainer
Damage level: Medium

What is the fake "$PARAM Claim Live"?

After inspecting "$PARAM Claim Live", as promoted on signin-param[.]net, we determined that it is a scam. It impersonates the Param platform (paramgaming.com). The scheme lures users into exposing their digital wallets to a cryptocurrency wallet through a fake event in which $PARAM tokens can be claimed.

It must be emphasized that this scam is not associated with Param. It must also be mentioned that it could be encountered on other domains as well.

$PARAM Claim Live scam

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.

Fake "$PARAM Claim Live" overview

The scam perfectly copies the graphical design of Param – a blockchain gaming ecosystem (paramgaming.com). Despite being visually identical, the "$PARAM Claim Live" scheme is in no way associated with the actual Param platform, Param Labs, or any other existing entities.

Users enticed by this fake giveaway are requested to connect their cryptowallets. "Linking" a wallet to this scam exposes it to a cryptocurrency-draining mechanism. Essentially, funds are transferred from victims' wallets to those in the scammers' possession. Some drainers can approximate the value of digital assets and prioritize their theft.

This activity may appear innocuous and remain unnoticed for a long time. These transactions cannot be reversed because of their practically untraceable nature. Therefore, victims of scams like this fake "$PARAM Claim Live" cannot recover the stolen assets.

Threat Summary:
Name "$PARAM Claim Live" crypto drainer
Threat Type Phishing, Scam, Social Engineering, Fraud, Cryptocurrency Drainer
Disguise Param ecosystem
Related Domains signin-param[.]net
Detection Names (signin-param[.]net) Combo Cleaner (Phishing), CRDF (Malicious), Emsisoft (Phishing), G-Data (Phishing), Kaspersky (Phishing), Netcraft (Malicious), Full List Of Detections (VirusTotal)
Serving IP Address (signin-param[.]net)
Distribution methods Compromised websites, social media spam, rogue online pop-up ads, potentially unwanted applications.
Damage Monetary loss
Malware Removal (Windows)

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Cryptocurrency drainer scam examples

"InQubeta Token Presale", "Fake OpenSea Marketplace", "Fake SaitaSwap", "Ethereum Gas Fee Refunds", and "Magna Airdrops" are merely some of our newest articles on crypto drainer scams.

Victims' trust is gained by online schemes through various false claims, such as new coins/token promotions, airdrops/giveaways, security upgrades, wallet/account issues, suspicious activity detections, and so forth.

Scams can be poorly crafted and full of errors, or they can be competently made and even perfectly copy legitimate sites. Therefore, we highly recommend exercising caution when browsing and investing.

How did I open a scam website?

Crypto drainers are often promoted through malvertising, specifically intrusive pop-up adverts. Some are fully operational drainers themselves; they promised various benefits – thus tricking users into "connecting" their digital wallets. It must be mentioned that these ads have been encountered on genuine websites that had been compromised.

Cryptocurrency-targeting scams are also endorsed via social media spam. Posts and PMs/DMs promoting this content can be made using hacked accounts (i.e., ones originally belonging to real projects, companies, organizations, celebrities, influencers, entrepreneurs, etc.). In such instances, the scams can appear unquestionably legitimate since they are the type of content that the accounts endorse regularly.

Other potential promotional techniques include websites employing rogue advertising networks, different types of spam (e.g., emails, SMSes, forum posts, browser notifications, etc.), typosquatting (misspelled URLs), and adware.

How to avoid visiting scam websites?

We strongly advise being careful while browsing, as fraudulent and malicious online content usually appears legitimate and innocuous. For example, while intrusive ads and spam browser notifications may look harmless – they redirect users to unreliable and dubious webpages (e.g., scam-promoting, gambling, pornography, etc.).

Therefore, we recommend being selective when clicking advertisements and not trusting offers that sound too good to be true. Additionally, suspicious pages must not be permitted to deliver browser notifications. Instead, such requests have to be ignored or denied (i.e., by pressing "Block", "Block Notifications", etc.).

Another recommendation is to pay attention to URLs and type them carefully. We advise against using websites that offer pirated content or other questionable services (e.g., illegal streaming/downloading, Torrenting, etc.), as these webpages typically employ rogue advertising networks.

Incoming emails and other messages must be approached with vigilance. Attachments or links found in suspect mail must not be opened, as they can be harmful or virulent.

All downloads must be made from official/verified channels, and installations have to be treated with care (e.g., by studying terms and options, using "Custom/Advanced" settings, and opting out of supplementary apps, extensions, etc.) – to prevent bundled/hazardous software from infiltrating devices.

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

The appearance of "$PARAM Claim Live" scam (GIF):

Appearance of $PARAM Claim Live scam (GIF)

Screenshot of the official Param website (paramgaming.com):

Appearance of the real Param website (paramgaming.com)

Instant automatic malware removal: Manual threat removal might be a lengthy and complicated process that requires advanced IT skills. Combo Cleaner is a professional automatic malware removal tool that is recommended to get rid of malware. Download it by clicking the button below:
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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?

An online scam is a type of content intended to deceive, which is promoted on the Internet. Its purpose is to trick victims into performing certain actions, e.g., connecting digital wallets to cryptocurrency drainers, sending money to scammers, providing sensitive data, buying products, downloading/installing software, subscribing to services, etc.

What is the purpose of online scams?

Online scams aim to generate revenue at victims' expense. Cyber criminals primarily profit by obtaining funds through deception, promoting content (e.g., websites, software, products, services, etc.), selling/abusing private information, and distributing malware.

I have lost digital assets to the "$PARAM Claim Live" scam, can I get my money back?

No, these transactions cannot be reversed because they are nearly untraceable.

Why do I encounter online scams?

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

Will Combo Cleaner protect me from online scams?

Combo Cleaner can scan visited websites and detect rogue, scam, and malicious pages. Hence, should you visit such a webpage – you will be immediately warned, and further access to it will be denied.

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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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