iToken Presale Scam: What You Need to Know Before You Click

A New Name, an Old Trick

The so-called "broken" presale is a fresh spin on a common scam. Promoted on domains like ipresales.top, this fake event invites users to join what appears to be a promising cryptocurrency offering. At first glance, the page may seem legitimate, featuring sleek design, familiar brand logos, and the type of language you'd expect from a real tech launch. However, a closer inspection reveals that the presale is a complete fabrication, with no actual ties to companies like Apple, Tesla, OpenAI, or Squarespace, despite what the site might suggest.

How the Scam Works

Visitors to the iToken presale page are encouraged to register to "participate" in the launch. The sign-up form asks for full name, email, phone number, and password — information that seems reasonable in many online contexts. However, this registration process is not about granting access to an investment opportunity. It's a phishing tactic designed to collect personal information that could be reused in targeted spam or more sophisticated fraud.

The Real Cost of Fake Forms

Scams like the iToken presale use familiar branding and buzzwords to lower users' defenses. Once a person submits their information, it may be sold or used in other scams. Because many people use the same passwords across multiple accounts, this can potentially compromise emails, social media, or financial platforms.

The Crypto Connection

Since the iToken scam revolves around a fake cryptocurrency launch, there's a strong chance that users may later be prompted to connect or enter credentials for a digital wallet. In more advanced scam setups, victims are redirected to a "crypto drainer" — a deceptive tool designed to empty wallets without further interaction from the user. All it takes is one click to authorize a transaction, and the wallet's contents can vanish.

Spreading the Word — and the Scam

While the iToken presale has been observed on specific scam sites, that's likely just one distribution method. Posts promoting this phony offer have also been found on X (formerly Twitter), where compromised accounts may be used to lend legitimacy to the message. Social media platforms are often fertile ground for scams like this, especially when posts appear to come from well-known personalities or organizations.

Multiple Avenues of Promotion

These types of scams aren't limited to social media. They may also be shared via bulk emails, messages in forums or group chats, fake pop-ups, misleading browser notifications, or even through search engine ads. Some sites even rely on "typosquatting" — registering URLs that are just slightly off from the real thing to trick users who mistype a domain. Others use advertising networks that specialize in pushing questionable content to unsuspecting users.

What to Watch For

One hallmark of scams like this is the use of urgent or too-good-to-be-true language. If a page is promising instant returns, guaranteed profits, or exclusive investment access that just happens to be ending "soon," those are red flags. The use of major company names and logos without clear, official backing is another common sign.

Optimal Practices for Staying Safe

When it comes to digital safety, awareness goes a long way. Always double-check the authenticity of a website before typing in any personal information. Check for official press releases or announcements through the company's verified communication channels. If you're directed to a website via a social media post or ad, especially one that seems rushed or informal, take extra time to investigate before clicking or signing up.

Keep Your Credentials Secure

If you think you've submitted your login or crypto wallet information on a suspicious page, take action immediately. Change your passwords, especially if the compromised ones are used elsewhere, and notify the support teams of any affected services. With crypto wallets, remove any approvals or access granted to unknown platforms through your wallet's management settings.

Final Thoughts

The iToken presale scam is a textbook example of how online threats evolve to fit current trends. Cryptocurrency continues to be a tempting topic for fraudsters, and presale events offer a convenient cover story. While this scam isn't unique in its methods, it highlights the importance of being critical of online offers — no matter how sleek or convincing they seem. By staying informed and cautious, users can better protect themselves from misleading campaigns like this one.