Everyone will take a shortcut when they see one. But what if there were a shortcut to fortune? Wouldn’t that be appealing? Of course it would, and these scammers at Bitcoin Loophole want you to think that from the very moment you enter their site.
So, how do the creators of this site prey on the unsuspecting and gullible? They start promising money. Lots of money. A ridiculous amount of money.
The same story, used again and again: I use to be a low-level software programmer on Wall Street, my boss asked me to write a new code to optimize cryptocurrency trading, I realized it was making him a fortune, I turned Robin Hood and want the average person to become a millionaire with me, you might recognize me from the cover of Forbes, it’s so easy, trust me and you’ll be able to buy a Lamborghini. Before I blow that story to bits, let’s just appreciate that this supposed millionaire can’t cough up enough money to even make a decent video. It’s another one that uses stock images/blocks of text that a narrator reads word for word.
Alright, let’s eviscerate this thing. First, the man behind this system, that nobody programmer who wrote the software to make millions, was never on the cover of Forbes. Steve Mckay, as he introduces himself, was never mentioned in Forbes and when you Google his name, there have already been dozens of others that call him out as a scammer.
But what about the software? Maybe it could work? You might think that it sounds fishy, but even if there is a 50/50 chance that it’s real, it would be worth the $250 minimal investment. I mean, he guarantees $13,000 within the first 24 hours. But I beg you to be rational here. It’s hard to ignore the promises of fortune, but there are just too many signs that demonstrate the fraudulence of this site.
One red flag is the fact that ‘Steve’ directly says “we are 100% ethical and legal.” When was the last time you heard a real business assure you that they are real? Trust Google, we are totally real! The service should speak for itself.
For how much effort went into making this scam, which must have been at least a little bit, the creators must have gotten really lazy when it came to the testimonials. All that they did was screenshot some articles about people making money off bitcoin with no mention of their service being involved. And I’m not sure if the website looked at my metadata to see how old I am, but two of the four success articles were men who were 25 (my age) that are now millionaires and traveling the world (which I do, though I am barely a thousandaire).
So this just seems pointless, but made me wonder how much information this site can get from my metadata alone. Just before the testimonials is an image of a Russian flag. Now, I am currently in Russia, so I thought that perhaps this was a service exclusive for Russians. But then I remembered that everything is in English, ‘Steve’ supposedly worked on Wall Street, and there is no other link to Russia besides the fact that it is where I currently am. So I tried opening the page in Tor and no image loaded. Apparently, these scammers think that simply seeing the flag of wherever you are will make you more trusting in their service. If it were me, I’d just put an image of a beautiful woman leaning on a Lamborghini and appeal to sex rather than nationalism. But hey, I’m sure these guys know best.
Terms and Conditions
Once again we need to look at the legal jargon to see the legitimacy of this site. And once again, the terms and conditions reveal a completely different picture than the one promised to us. As a given, Crypto Loophole is not liable for any financial losses. That’s all on you.
Another nice little gem in the Website Agreement page is the clause that mentions that the video is just informational and promotional and should not be relied upon when making a financial investment decision. In other words, the whole thing is fake, even though we said it’s real, but when we said it was real, that was just acting.
Also, that guaranteed $13,000 in 24 hours is not really a guarantee. In fact, they cover themselves legally by saying that you cannot sue them and that actually you may need to compensate them if something goes wrong. They hold all the power, and if you have already ‘invested’ the minimum $250, you can just kiss it goodbye.
This is a pretty third-rate scam. They cover themselves, but their promises are so outlandish and their evidence is so obviously fabricated that anyone gullible enough to have actually given these guys money should take it as a life lesson and move on. You won’t be able to recover it, so just learn to train your eyes in order to spot scams in the future.