Moneyback-pb is a scam crypto and money recovery platform which is imitating the brand of a well-known, legitimate company called Payback Ltd.
The scammers are using a variety of methods of luring people in, including social media and email, with the premise that a sum of crypto funds apparently held in your name has been recovered.
Victims of this scam are directed to click a link within the message and connect their crypto wallet to an app and enter the information pertaining to the wallet, including the seed phrase, to ‘verify’ it.
By doing so you give the scammers complete control over your wallet and if you connect it in this way your funds will be drained.
Another version of the scam involves asking victims who don’t have a crypto wallet for fees to assist in the recovery.
Here, victims are being asked to create an account on a legitimate crypto exchange before converting cash to a cryptocurrency such as USDT (Tether) or Ethereum and sending it to a wallet controlled by the scammers.
How to spot Moneyback-pb is a scam recovery service
Although the website looks quite slick, there are a whole host of things that are wrong with this apparent service which reveal it to be a scam.
They include:
- They random way of ‘cold calling’ people through mass messaging.
- The domain name is very new, despite claims of thousands of successful cases.
- The attempt to impersonate a legitimate cryptocurrency recovery service.
- The content of the email and the website uses several different company names, seemingly at random. For example, Moneyback-PB morphs into Money Back LTD in the space of a single email.
- No information about the company or the team behind it on the website.
- No mention of an address or trading location.
- No official social media channels or other online presence – the social icons on the Moneyback-pb website simply circle back to the homepage.
- Generic content and images that have been scraped from other sites used across the platform.
If you’ve lost money to this scam you should keep a note of all the details, URLs and transaction hashes and report what’s happened to the authorities.
There are also private companies that might be able to help which I’ve written about here.
Have you had any experience with this platform? Kindly share your thoughts in the comment section to help others stay informed and safe.