How to recognize fake "Hyperliquid Rewards Program" websites

What is the fake "Hyperliquid Rewards Program" website?

Our research team found this fake "Hyperliquid Rewards Program" page during a routine investigative session. This scam masquerades as the official website of Hyperliquid (hyperfoundation.org). It operates as a cryptocurrency drainer – by stealing digital assets from exposed cryptowallets.

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.

Fake "Hyperliquid Rewards Program" website overview

The scam is a close visual imitation of Hyperliquid's official site (hyperfoundation.org). Hyperliquid is a Layer-1 blockchain and DEX (Decentralized Exchange) platform supported by the Hyper Foundation. The fake webpage claims that the first five hundred users to register for the "rewards program" will receive an exclusive early access NFT (Non-Fungible Token).

It must be emphasized that this promise of rewards is false, and this scam is not associated with Hyperliquid, Hyper Foundation, or any other existing platforms, projects, or entities.

Once a cryptowallet is connected to the fake webpage, the action signs a malicious contract that facilitates the cryptocurrency drainer. Essentially, the victim's funds are transferred to scammer-owned wallets through automated transactions. They may appear vague and remain unnoticed for a significant amount of time. Some drainers can approximate the value of digital assets and determine which to steal first.

It must be mentioned that cryptocurrency transactions are irreversible because they are practically untraceable. Therefore, victims of scams like this fraudulent "Hyperliquid Rewards Program" site cannot recover their digital assets.

Cryptocurrency drainer scam examples

"Early Spark Adopters Rewards", fake "Jito MEV Rewards" website, fake "Telegram Safeguard" website, and "Trust Wallet Security Breach" are just a few of our newest articles on cryptocurrency drainers.

However, this is not the only modus operandi of crypto scams. Other common types include phishing that targets wallet log-in credentials and social engineering that deceives users into manually transferring assets to wallets in the scammers' possession.

These scams may be competently put together and convincingly disguised as content associated with genuine entities. Therefore, we advise vigilance when browsing and investing online.

How did I open a scam website?

Crypto drainers are promoted through intrusive pop-up ads (malvertising type). These advertisements can be fully functional drainers themselves, and they have been encountered on legitimate sites that had been hacked.

Another widely used promotional technique is social media spam. These posts and direct/private messages (DMs/PMs) can be made using stolen accounts (i.e., ones originally belonging to real projects, companies, celebrities, influencers, etc.).

Other endorsement methods are not unlikely. Aside from those already mentioned, online scams are promoted via webpages employing rogue advertising networks, different types of spam (e.g., emails, forum posts, browser notifications, robocalls/ cold calls, SMSes, etc.), mistyped URLs (typosquatting), and adware.

How to avoid visiting scam websites?

Caution is key to online safety. Therefore, be wary of sites, ads, and messages that make unbelievable promises or warn about severe threats. Do not use websites offering pirated content or other questionable services (e.g., Torrenting, illegal streaming/downloading, etc.), as these webpages are usually monetized through rogue advertising networks.

Pay attention to URLs and enter them carefully. Do not enable suspicious pages to deliver browser notifications; ignore or deny their requests (i.e., click "Block", "Block Notifications", etc.). Do not open attachments or links present in questionable/irrelevant emails and other messages.

Download from official/verified sources and be attentive when installing (e.g., read terms, study options, use "Custom/Advanced" settings, and opt out of additional apps, extensions, tools, features, etc.) – to prevent harmful software (like adware) 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.

Appearance of the fake "Hyperliquid Rewards Program" website (GIF):

Screenshot of the official Hyperliquid website (hyperfoundation.org):

Instant automatic malware removal:

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Quick menu:

• What is "Hyperliquid Rewards Program" crypto drainer?
• 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 an online scam?

Online scams are a type of deceptive content promoted on the Web. These scams aim to trick users into performing specific actions, such as connecting digital wallets to crypto drainers, sending money to scammers, purchasing products, disclosing vulnerable information, subscribing to services, downloading/installing software, etc.

What is the purpose of online scams?

Online scams are designed to generate revenue for scammers. They mainly profit by obtaining funds through deception, promoting content (e.g., sites, software, products, services, etc.), selling/abusing private data, and distributing malware.

I have lost digital assets to a fake "Hyperliquid Rewards Program" website, can I get my money back?

Cryptocurrency transactions cannot be reversed due to their nearly untraceable nature. Hence, victims of such scams cannot get their money back.

Why do I encounter online scams?

Online scams are primarily encountered via sites using rogue advertising networks, intrusive ads, spam (e.g., browser notifications, emails, social media posts, DMs/PMs, etc.), misspelled URLs, and adware.

Will Combo Cleaner protect me from online scams?

Combo Cleaner can scan visited websites and detect rogue, scam, and malicious pages. It can also block all further access to sites hosting deceptive or harmful content.