BUSD Scams (& a busd3.top Review)

Welcome to our BUSD Scams Warning, where we investigate BUSD scam sites, such as busd3.top.

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BUSD Scams


Recently, in June 2023, one of our partners received the following complaint from a Nigeria person who reported being scammed for $287:

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I deposited my BUSD on Trustwallet and connected it to www.busd3.top. The balance on Trustwallet was displayed on busd3.top, and trading commenced. However, after a while, busd3.top unexpectedly depleted my funds from Trustwallet.

So what are BUSD, BUSD scams, and specifically busd3.top?

Binance USD (BUSD)

BUSD, or Binance USD, is a stablecoin developed by one of the largest cryptocurrency exchanges in the world, Binance.

A stablecoin is a type of cryptocurrency that is designed to maintain a stable value, as opposed to the significant volatility seen in many other digital currencies.

Get in touch with our affiliated Bitcoin Forensic Investigators at CNC Intelligence for free by filling out the form below.

    In the case of BUSD, it is pegged 1:1 to the US dollar, meaning each BUSD token is meant to represent one US dollar.

    Here are some key points about BUSD:

    1. Pegging to the US Dollar: The value of BUSD is pegged to the US dollar, and for each BUSD token in circulation, there should be an equivalent amount of USD held in reserve. This helps ensure the stability of the token’s value.
    2. Issuance and Redemption: BUSD can be purchased and redeemed directly through Binance. Binance works with the Paxos Trust Company to issue and redeem BUSD tokens. Paxos is a regulated financial institution that also handles the reserves that back BUSD.
    3. Regulation: BUSD is approved and regulated by the New York State Department of Financial Services (NYDFS). This regulation lends credibility to the token and ensures that it operates within established financial laws and regulations.
    4. Use Cases: Like other stablecoins, BUSD can be used in a variety of ways within the crypto ecosystem. This includes trading against other cryptocurrencies, participating in blockchain-based applications, and storing value in a relatively stable form. It’s also often used as a medium of exchange and a method of earning interest in decentralized finance (DeFi) platforms.
    5. Transparency and Audits: To ensure transparency and trust in the system, the reserves of BUSD are subject to regular audits. These audits verify that for each BUSD token in circulation, there is an equivalent amount of USD held in reserve.

    Is BUSD a good investment?

    A Binance.com article discusses Binance USD (BUSD) price predictions for the years 2023, 2024, 2025, and 2026. It mentions that the displayed data are based on user input and not Binance’s opinion.

    Users can enter their price growth prediction for BUSD and visualize it on a graph using the Price Prediction Graph tool.

    The article provides price predictions for BUSD up to the year 2050, based on user input:

    • 2023: $0.9997419
    • 2024: $1.049729
    • 2025: $1.1022154
    • 2026: $1.1573262
    • 2030: $1.4067372
    • 2040: $2.2914267
    • 2050: $3.7324926

    What is the future of BUSD?

    According to bitcoinwisdom.com, stablecoins like BUSD provide price stability and can be a good investment option.

    They provide price predictions for BUSD from 2023 to 2031, with estimated minimum, average, and maximum prices for each year.

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    The price predictions suggest a gradual increase in the value of BUSD over time, with a maximum price of $9.80 by 2031.

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    BUSD Scams

    When it comes to scams involving BUSD or any other cryptocurrency, they can take many forms. Often, these scams will try to convince victims to send them cryptocurrency with the promise of significant returns or rewards.

    Several types of scams can potentially involve BUSD or other stablecoins. Here are some examples:

    Ponzi Schemes

    In these scams, the fraudsters promise high returns on investment and pay earlier investors with the funds from later ones. It’s named after Charles Ponzi, who ran such a scheme in the 1920s.

    The scheme eventually collapses when there are not enough new investors to pay the old ones.

    Fake Giveaways

    Scammers may promise to “double” any amount of BUSD you send to a certain address.

    These are almost always scams – after you send your funds, they will not return them, let alone double them.

    Phishing Attacks

    This is when scammers try to trick you into giving them your personal information, such as your private keys or login information.

    They may impersonate a trusted organization or individual to do this.

    The scam complaint we opened this article with seems to be an example of a Website Scam, which could also be considered a form of a Phishing Attack.

    In this case, the fraudulent website (busd3.top) appeared to be a legitimate trading platform. The user connected their Trustwallet (which held their BUSD) to this website, which likely required them to provide their wallet’s private key or to authorize certain permissions that allowed the website to control their wallet.

    Once the scammer had these permissions or access to the user’s private key, they were able to deplete the user’s funds. The website may have seemed legitimate at first and may have even accurately reflected the user’s balance and allowed for some trading actions. However, the ultimate goal of the scam was to gain control of the user’s wallet and steal their funds.

    Fraudulent Investment Opportunities

    Scammers create fake investment opportunities promising high yields with low risk. Often, these scams involve sending BUSD or other cryptos to the scammer’s wallet.

    Once the funds are transferred, they are usually impossible to recover.

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    Impersonation BUSD Scams

    These scams involve someone pretending to be from a legitimate organization (like Binance or Paxos) and asking for your private keys, passwords, or other sensitive information.

    Always remember that legitimate organizations will never ask for your private keys.

    Busd3.top Review

    The domain busd3.top was registered on May 23, 2023, less than one month ago, for one year, through Gname.com. The registrant is Binance USD LTD from “zhongqu, SG.” SG stands for Singapore.

    SimilarWeb ranks them at 10,349,151 globally and 67,967 in Algeria.

    They have 2 referring domains: trustedrevie.ws and scam-detector.com.

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    While the domain busd3.top does not appear to work at the moment, it is still indexed on Google.

    The homepage “busd3.top” is at the top. It’s titled “Binance USD” and may have provided information about BUSD.

    Then, there’s the Policy page with the following description:

    The “BUSDTOP” referred to here includes all companies and departments under BUSDTOP. According to the privacy statement, once you activate or use our website at …

    Then, there’s a page titled Question with the following description:

    BUSD is a U.S. dollar (USD)-pegged stablecoin issued by Paxos under the Binance brand. It is approved by the New York Department of Financial Services …

    Fourth is the About page with this description:

    Binance Dollar (BUSD) is a 1:1 USD-backed stablecoin issued by Binance (cooperating with Paxos), approved and regulated by the New York State Department of …

    The final result, busd3.top/?code=2220865, provided real-time information about the turnover and price of various cryptocurrencies, including BTC, USDC, XRP, DOGE, and MATIC.

    This may have been an affiliate code and we do find some online promotion activity of busd3.top. For example, there’s a YouTube channel called “Technical Naseeb Ulhaq” with 31.4K subscribers who is promoting Bitcoin Mining. One of the keywords he is using is “busd3.top” in addition to “busd earning app” and “busd Mining.”

    On a video titled “Bitcoin Mining || $20 USDT mine daily || mining app without investment,” the description is:

    You can Earn money by Holding your crypto in trust wallet without any risk and you will get BUSD in reward.

    There was also a post on a Telegram group called “Story Diary,” which has already been removed. The post said:

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    Online Earning Without Investment | How To Earn Money Online | Online Earn ✌️ Use This Link To Activate Your Id ✓ https://busd3.top/?code=2220865

    This confirms our suspicions that this URL from the Google Index was an affiliate link.

    The busd3.top pages from the Google Index are not cached so we don’t have access to them.

    BUSD3 Top Reviews

    Scam Detector

    The website busd3.top has been flagged as high-risk and potentially involved in phishing activities by Scam Detector. The website has received the lowest trust rating of 0.0/100, indicating a lack of credibility and potential scamming behavior. The website’s domain was created on May 23, 2023, and it has poor website popularity.

    The domain of busd3.top has not been detected by any blacklist engine, but it does not have an HTTPS connection, which may raise security concerns. The website’s proximity to suspicious websites is ranked at 85/100, indicating a higher risk of association with dubious online entities. The threat profile is rated at 97/100, and both the phishing score and malware score are high at 97/100 and 70/100, respectively. The spam score is also relatively high at 81/100.

    The review suggests that the website is poorly designed and lacks elements in its metadata that could contribute to its online presence. This further undermines its credibility and raises doubts about its quality. The conclusion states that if the website improves its back end and addresses these issues, the information may be updated accordingly.

    The VLDTR® tool, which assesses websites, assigns the lowest possible rank of 0 to busd3.top. The website is associated with tags such as “High-Risk,” “Phishing,” and “Beware,” indicating significant concerns regarding its trustworthiness.

    Based on various factors and collaborations with fraud-prevention companies, the rating of 0 was determined for busd3.top. The algorithm considered 53 relevant factors associated with the website’s industry, identifying high-risk activity related to phishing, spamming, and other industry-related factors. In summary, the website is deemed high-risk, involved in phishing, and it is strongly advised to stay away from it.


    The website busd3.top has a low trust score according to Scamadviser. It is considered a potential scam, and caution is advised when using the website.

    Several indicators suggest that the website may be a scam, including being served from a high-risk country and having a recent registration.

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    The content of the website could not be analyzed, and there is limited visitor activity.

    Scamadviser recommends conducting extra research and using caution when interacting with the site.

    BUSD Scams – Conclusion

    The world of cryptocurrency, despite its immense potential for growth and profit, is fraught with scams and deception. Stablecoins like BUSD, developed by established and reputable organizations such as Binance, serve as a crucial part of the digital financial ecosystem.

    However, their use and popularity also make them attractive targets for fraudsters. The recently reported scam involving the website busd3.top is a vivid reminder of the potential risks associated with digital currency trading, even when using stablecoins like BUSD.

    This website, registered under the Binance USD LTD name, cleverly used the reputation of BUSD to create a seemingly legitimate facade. However, as detailed in our analysis, the site exhibits numerous red flags such as recent domain registration, lack of HTTPS connection, low global ranking, and negative reviews on Scam Detector and Scamadviser. It was also found promoting itself on social media platforms, often using affiliate links.

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    It’s important to remember that scams can take many forms, including Ponzi schemes, fake giveaways, phishing attacks, fraudulent investment opportunities, and impersonation scams. Potential investors must educate themselves about these risks and approach cryptocurrency investments with caution.

    Due diligence, such as verifying the legitimacy of platforms and understanding the associated risks, is the first line of defense against such scams.

    The unfortunate incident involving busd3.top should serve as a warning to all investors about the potential dangers lurking within the crypto world. As with any investment, caveat emptor — buyer beware.

    And remember, once you send them any money, don’t expect to get it back unless you use a cryptocurrency recovery service.

    If you have been scammed by them, please report it to us and share your story by commenting below this review.

    When you comment, your name, comment, and the timestamp will be public. We also store this data, which may be used for research or content creation in accordance with our Privacy Policy. By commenting, you consent to these terms.

    2 thoughts on “BUSD Scams (& a busd3.top Review)”

    1. I sent in USA on one name Two Times money in sume 3100 €. The I stopped . Then Said that I have to pay Sinergiesventure.com 14.600, us S because advisor Shannon Walker trade for me sume 291.000,00 us S. I do not and I think this is scam. But Shannon Walker has Page on Fb where she write everyday and I doubt.

      1. ReportYourScam

        We cannot find a website at sinergiesventure.com. Are you sure this is the correct address? If you provide us with more information, including links to the suspected scammers, we would love to review them for you and publish an article exposing them.

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