Haydderbit.com is a deceptive cryptocurrency platform involved in a complex scam. This unregulated offshore site uses fake celebrity endorsements to trick users with false promises of free Bitcoin and remarkable returns. In reality, there are no free cryptocurrencies or easy profits; any funds victims send are stolen.

This article discusses whether Haydderbit is legit or a scam, how it works, what a victim should do and tips to protect yourself from such scams.

Is Haydderbit legit or a scam?

Haydderbit is a deceitful website that misleads users with fake promises of free cryptocurrency giveaways and unrealistic investment returns. It falsely claims endorsements from celebrities like Elon Musk and Jeff Bezos to lend credibility, but Haydderbit resorts to deep fakes and stolen media to create these endorsements.

The website lacks any legitimate company presence and doesn’t provide users with the means to withdraw their funds. All available evidence strongly suggests that Haydderbit is an illegitimate scam operation.

Red flags indicating Haydderbit is a scam

Haydderbit.com exhibits several red flags that point to its status as an active crypto scam operation:

Lack of transparency: The platform doesn’t share important details about its company, like its location or who owns it. Legitimate businesses usually provide this information.
Fake celebrity endorsements: Haydderbit.com pretends that well-known people endorse it, using AI to create fake videos and pictures. This tricks potential investors who trust these celebrities.
Deposit requirements before withdrawals: People are forced to put money in before getting the promised funds, which is different from how real investment platforms work.
Anonymous domain registration and foreign hosting: The platform uses foreign registration and hides who they are by not revealing their identity. This is a common tactic among fake businesses.

How does the Haydderbit scam work?

The crypto scam on Haydderbit.com involves several steps aimed at tricking users and taking away their cryptocurrency deposits:

Advertising on social media: The scam is initiated on platforms like TikTok, Facebook, and Instagram, where fabricated videos and images showcase fake celebrity endorsements, enticing users with promises of free crypto.
Getting users to the Haydderbit website: Social media posts include unique referral codes, pushing users to visit Haydderbit.com. The website features professionally crafted content, but it lacks genuine company details and verifiable ownership.
Sign-up process and balance confirmation: Users register on the site, provide personal details, and enter referral codes. The platform displays a fake account balance to deceive victims further.
Deposit requirements to withdraw funds: Victims are informed that a deposit ranging from $200 to $500 is required to activate withdrawals. Once deposited, the funds become inaccessible, leading to ongoing extortion.
Ongoing crypto extortion: The scam continues as Haydderbit.com blocks withdrawal attempts, inventing new issues that demand additional victim payments.
Account closure and disappearance: After extorting substantial amounts, the platform blocks access to user accounts, disappearing with the stolen funds. The scam operators then rebrand and repeat the process under a new name.

This is an image of internet theft scam sbi 300189905

What to do if you get scammed?

If you have fallen victim to the Haydderbit scam, take immediate steps to limit damages and recover:

Stop all engagement with the platform: Cease any further interaction with Haydderbit.com to prevent scammers from extracting more payments.
Document all activities and losses: Gather evidence of all interactions, including screenshots, transaction receipts, emails, and message logs, to create a record of damages.
Report to relevant authorities: File reports with local and international authorities, including police cybercrime and fraud departments, the FTC, CFPB, social media platforms, domain registrars, and payment systems.
Reset all account passwords: Secure your accounts by immediately resetting passwords and enabling two-factor authentication on key accounts.

This is an image of pig butchering scam involving fraudulant crypto trading

Tips to protect yourself from such scams

Protecting yourself from scams like Haydderbit is crucial in the online world. Here are some tips to help you stay safe:

Research thoroughly: Before getting involved with any platform, research thoroughly. Check out their background, read reviews, and watch for warning signs that might hint at trouble.
Beware of unrealistic promises: If an offer sounds too good to be true, like guaranteed high returns or free cryptocurrency, it’s probably not legit. Avoid platforms making these kinds of unrealistic promises.
Verify celebrity endorsements: Don’t take celebrity endorsements at face value. Look for solid proof or official statements confirming their support before trusting it.
Avoid pressure tactics: Scammers often use urgency and pressure to force quick decisions. Don’t let them rush you. Take your time and make decisions carefully.
Use trusted sources: Choose well-known and regulated investment platforms with a track record of legitimacy and positive user experiences.
Keep personal information safe: Be cautious about sharing personal information online, especially financial details, passwords, and sensitive data.

Also read: Harbor Freight spam email scam explained