Paypal (even with a two-factor fob) has a similar spinning page when logging in. Once I fell for a phishing link, and the first thing to tip me off was the loa

Paypal (even with a two-factor fob) has a similar spinning page when logging in. Once I fell for a phishing link, and the first thing to tip me off was the loading indicator was gone/too fast. In that instance it saved my neck as I changed my password asap. Maybe users who realize due to a missing indicator should be smart enough to avoid such a trap in the first place, but I was definitely glad then and can see how this could be an active UX decision with positive implications.