How to identify scams like "Fake Camelot Exchange Website"

Phishing/Scam

Also Known As: Fraudulent Camelot Exchange site

Damage level:

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What is the fake "Camelot Exchange Website"?

Our inspection shows that this is a fake website closely resembling the official Camelot DEX (camelot.exchange) site. The scammers behind this fraudulent scheme aim to trick users into activating a cryptocurrency drainer, allowing them to steal crypto holdings. This and similar scams should be avoided and ignored if encountered.

Camelot Exchange Website 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 Camelot Exchange website in detail

Camelot is a decentralized exchange designed for the Arbitrum ecosystem, providing efficient liquidity solutions. It has processed over $30 billion in trades and partnered with over 75 projects, making it a leading platform on Arbitrum. Its official website is camelot.exchange.

There are numerous fake crypto platforms online, and camelotsexchenge[.]org is one of them. Like most fake sites, camelotsexchenge[.]org is designed to visually appear like the legitimate one. The scammers behind it aim to trick individuals into connecting their wallets.

Once this step is taken, the site activates a cryptocurrency drainer. A crypto drainer is a harmful tool designed to automatically steal a victim's cryptocurrency by transferring it to a scammer's wallet, without requiring further action from the victim. It is important to note that blockchain transactions are permanent. Thus, stolen funds are almost always lost without the ability to retrieve them.

To avoid this, it is essential to verify that any crypto website or service is trustworthy before connecting your wallet, sharing sensitive information, or making any transactions.

Threat Summary:
Name Fraudulent Camelot Exchange site
Threat Type Scam, Social Engineering, Fraud
Disguise Legitimate Camelot DEX site
Related Domain camelotsexchenge[.]org
Detection Names (camelotsexchenge[.]org) CRDF (Malicious), CyRadar (Malicious), G-Data (Phishing), SOCRadar (Malware), Full List Of Detections (VirusTotal)
Symptoms Unofficial domain, lack of official verification, unrealistic claims, too good-to-be-true promises
Distribution methods Fake social media accounts, deceptive websites, rogue online advertisements
Damage Cryptocurrency theft
Malware Removal (Windows)

To eliminate possible malware infections, scan your computer with legitimate antivirus software. Our security researchers recommend using Combo Cleaner.

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Conclusion

In conclusion, scams like camelotsexchenge[.]org exploit the appearance of trusted platforms to deceive users into connecting their wallets. Once connected, a crypto drainer is triggered, stealing funds with no way to recover them. Users should always double-check the legitimacy of crypto sites and never interact with suspicious platforms.

Some examples of similar scams are the fake "Pi Network Airdrop", "HyperSwap ($SWAP) Airdrop", and "Trump Coin Airdrop".

How did I open a scam website?

Users often end up on scam websites that try to steal cryptocurrency through links shared by fake or hacked accounts on social media platforms like X (Twitter) or Facebook, as well as compromised WordPress sites. Scam emails with links or attachments also lure users to these fraudulent pages.

Additionally, scam websites can be encountered through shady advertising networks, commonly encountered on torrent, illegal movie straming, adult, or similar sites, as well as deceptive ads, pop-ups, notifications from untrustworthy sites, and ads displayed by adware.

How to avoid visiting scam pages?

Exercise caution with unexpected or irrelevant emails and messages from unknown senders. Avoid clicking links or opening attachments in them. Only download software or apps from reputable sources like official websites or app stores. Protect your device by keeping your system and applications up to date, and use trusted antivirus software.

Also, while browsing, do not interact with pop-ups, links, or other content on suspicious websites, and never grant notification permissions to untrustworthy sites. If your computer is already infected with unwanted apps, we recommend running a scan with Combo Cleaner Antivirus for Windows to automatically eliminate them.

The appearance of the fake Camelot Exchange site (GIF):

Appearance of Camelot Exchange Website scam

The official page (camelot.exchange):

Fake Camelot Exchange Website real website (camelot.exchange)

Instant automatic malware removal:

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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 a crypto scam?

A crypto scam is a type of fraud where scammers trick people into sending cryptocurrency, sharing sensitive information like wallet keys, or connecting their wallets to fake platforms. These scams often promise big returns, impersonate legitimate services, or use fake websites.

What is the purpose of a crypto scam?

In most cases, the ultimate goal is to steal cryptocurrency from unsuspecting individuals.

Why do I encounter scam websites?

Users often reach scam websites through links shared by fake social media accounts, compromised websites, or scam emails. These sites can also appear via shady ads, pop-ups, or notifications on untrustworthy pages, especially those related to torrents, illegal streaming, or adult content.

Will Combo Cleaner protect me from scam sites?

Combo Cleaner check all websites you visit and can identify those that are harmful. This includes sites that run scams: if such a site is detected, you will receive a warning and access will be blocked to protect your system.

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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.

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