If you’re in the crypto space and on TikTok regularly, you may have seen these posts with coupon codes offering free Bitcoin simply for signing up.
As you can see in the TikTok below it shows someone entering a promo code into Binlinex.com and then being rewarded 0.28 BTC which is roughly $8500 CAD. Now ask yourself does this sound too goog to be true? That’s because it is!
I went ahead and signed up so you don’t have to. See below for more.
I created an account, and claimed several of the promo codes.
As you can see from my wallet, I have almost $70K in bitcoin from these promo codes. Now I should be able to withdraw these funds right? Wrong! In order to “Verify” my account, I am required to provide a deposit of nearly $500 in bitcoin. Nothing could possibly go wrong sending $500 in untraceable funds to a new web site that popped up on TikTok today right?
This led me to have a deeper look at this service and domain name.
The domain was registered on February 4th of 2023, yet their web site says they have been in business since 2018?
This domain is registered and owned by someone with a Russian email address and a New Jersey address for a company that claims to be based in Australia. Enough red flags for you?
This is almost certainly a SCAM and you should keep your money away from Binlinex.com at all costs. There’s no way any legitimate crypto exchange is giving away $70K to a new user just for depositing $500.
Stay safe out there you guys! There’s scammers everywhere!