Fraudsters and other cybercriminals use several means to steal funds from people. The convenience provided by cryptocurrencies due to their relative anonymity has motivated a large number of these crooks to be even more daring as we shall see with PLAY2XBET, a scam casino site dedicated to stealing deposit of users through Casino Admin scam scheme.
What is a Casino Admin Scam?
This is the type of scam in which a fraudster sets up a scam cryptocurrency casino. This casino site is usually copied from an existing casino, but lacks the traffic and the ability to generate needed traffic to steal funds from a large number of people. So the fraudster resorts to contacting prospective punters individually.
When they make contact with a prospect, they promise them assured wins if they stake on their casino. The fraudster claims that they have the ability to make sure that a particular bet made by the prospect wins by MANIPULATING the game from inside the casino. These fraudsters claim that they have found a weakness in the casino but since they’re insiders, they’re not allowed to stake, but that they’re willing to “partner” with the punter to cheat the house.
The fraudster then instructs the person that wants to play to send them their usernames after registration so that they make sure that their bets win. They claim they can do this and that after winning, the proceeds of the fraud would be shared between the fraudster and the punter.
Casino Admin scams target gamblers who are interested in winning at all costs. Unfortunately, those that do not have what it takes to conduct due diligence fall prey to this sort of deception.
What Happens When You Stake in A Casino Admin Scam?
As you would expect, the purpose of the fraudster is to get you to send the staking funds to their wallets attached to the scam site. When you do, your money will be lost. Even if you win, you won’t be able to make any withdrawals because the fraudster isn’t running a real casino.
How To Protect Yourself From A Casino Admin Scam
Your best approach to avoid falling for these scams is to avoid betting on unknown online casinos. Always make sure that you use established cryptocurrency casinos for your games.
Also avoid sharing your Telegram and WhatsApp contact details randomly if you do not have the knowledge of how to detect scams. Furthermore, research the antecedence of any casinos before making a deposit to play games there.
I have shared a screenshot of a conversation between a Casino Admin fraudster and a prospect. Of course, you know that setting up a scam casino is easy, the essence of this review is to make gamblers aware of the existence of this scam as exemplified by PLAY2XBET.COM.