How to avoid scams like "Velodrome Finance ($VELO) Vote Rewards"

What is "Velodrome Finance ($VELO) Vote Rewards" scam?

Our team has reviewed the site (governance-velo[.]finance) and concluded that it is a scam. It offers visitors a token reward in exchange for voting, but there are no real rewards. Governance-velo[.]finance is a fake site that mimics the Velodrome Finance page (velodrome.finance) to steal cryptocurrency.

IMPORTANT NOTE: We do not review crypto projects, please do your own research when investing money.

Federal Trade Commission (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.

"Velodrome Finance ($VELO) Vote Rewards" scam in detail

Velodrome Finance (velodrome.finance) is an advanced automated market maker (AMM) that combines features from Curve, Convex, and Uniswap. It acts as a central platform for liquidity on the Superchain. Velodrome helps protocols create strong, efficient liquidity by directing $VELO token rewards to their pools.

The fake site (governance-velo[.]finance) claims that users can vote on the upcoming rewards date. It promises that anyone who votes within the first 24 hours will receive an early token reward. This page is designed to trick users into connecting their wallets, which can lead to crypto funds being stolen.

Once a wallet is connected, the site can execute a cryptocurrency drainer. This drainer is created to transfer cryptocurrency from the victim's wallet to the scammer's. Because blockchain transfers are final, lost funds are unlikely to be recovered. Thus, it is important to recognize and avoid pages like governance-velo[.]finance.

Conclusion

Governance-velo[.]finance is a scam site that falsely promises early token rewards to trick users into connecting their wallets. Using this site, the scammers can drain crypto funds, which are typically unrecoverable due to the irreversible nature of blockchain transactions. Users should always verify URLs and avoid interacting with suspicious sites.

Here are more examples of similar scams: "Orderly ($ORDER) Vote Rewards", "Giggle Fund ($GIGGLE) Vote Rewards", and "Hyperliquid ($HYPE) Vote Rewards".

How did I open a scam website?

Fraudsters spread their schemes using various methods. They may take over social media accounts (or use fake accounts) on platforms such as X (Twitter) or Facebook, exploit vulnerable WordPress sites, or promote scams via rogue advertising networks found on torrent sites, illegal streaming platforms, adult websites, and similar locations.

Users can also encounter scams through adware (or similar software installed on their devices), deceptive emails, suspicious ads on untrustworthy websites, and misleading notifications sent from questionable pages.

How to avoid visiting scam pages?

Be careful with emails or messages you were not expecting. Do not open attachments or click on links from unknown or suspicious senders. Avoid agreeing to receive notifications from shady sites. Always download software from official sources (websites) or app stores.

Do not trust ads, download buttons, or links on untrustworthy websites. Keep the operating system and installed applications up to date, and use a reliable security tool. 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 "Velodrome Finance ($VELO) Vote Rewards" scam (GIF):

The original Velodrome Finance site (velodrome.finance):

Instant automatic malware removal:

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Quick menu:

• What is Fake Velodrome Finance ($VELO) Vote Rewards site?
• How to identify a pop-up scam?
• How do pop-up scams work?
• How to remove fake pop-ups?
• How to prevent fake pop-ups?
• What to do if you fell for a pop-up scam?

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:

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?

Typically, a cryptocurrency scam is a fraudulent scheme where a fake website imitates a legitimate platform to deceive users into actions that allow scammers to steal their funds or information.

What is the purpose of a crypto scam?

The primary aim is usually to steal cryptocurrency from victims, often by obtaining personal information or deploying crypto drainers to empty wallets.

Why do I encounter scams?

Scammers commonly distribute their schemes through hacked or fake social media accounts, compromised websites, phishing emails, adware, and deceptive browser notifications. They also use rogue ad networks on torrent sites, streaming services, adult websites, and other similar channels.

Will Combo Cleaner protect me from scams?

Combo Cleaner can detect harmful websites, including those hosting scams. It provides instant alerts and blocks access to help keep users safe.