Recently, Andexbit.com website popped up, promoting itself as a place where you can securely store cryptocurrency and other assets. I managed to gather reliable supporting information that clearly indicates it is, actually, a fraudulent service.
Despite what Andexbit site says, they will never return your money. Regardless of the numbers displayed in the “member area”, there is zero ability to retrieve even a single penny. All commitments regarding crypto bonuses are baseless as well.
Andexbit Scam Overview
The key offering that Andexbit aims to provide is a safe and user-friendly cryptocurrency wallet service. The website promises crypto exchange services, tools for managing wallets, transfers, dashboards, and the like. In reality, they try to emulate the functionality of a crypto exchange, akin to Binance or Coinbase. However, it actually only serves as a shell needed to fool the cautious.
First and foremost, Andexbit imitates the design of numerous equivalent pages. There are quite a few examples, like Binegex, Bitchau or Bitchaw. They are totally identical in terms of graphic elements, with slight discrepancies in the website header. Other details, and at times even crypto wallet addresses, are matching. Probably, all these deceptive websites are managed by a single gang of swindrels.
Cryptocurrency Scam Summary
Website | Andexbit.com |
Hosting | AS13335 Cloudflare, Inc. United States, San Francisco |
IP Address | 104.21.38.62 |
Threat Type | Scam/Fraud |
Scam Type | Fraudulent offers of cryptocurrency services |
How the Andexbit Scam Works?
Andexbit is yet another website within a wide-ranging network of linked crypto fraudulent sites. The administrators utilize different brand identities and sites, like Andexbit.com, to trap victims. However, these fraudulent sites have in common identical designs, terms of service, and About Us content. This reveals their sources as parts of the same criminal network, which advocates the same type of deception under different appearances. The deceivers just duplicate the same deceptive site under various names to mislead users into thinking they are enrolling a fresh platform. However, in actuality, it’s the identical group of swindlers orchestrating the fraudulent commitments and efforts to seize deposited money. The operators shrewdly utilize psychological tactics and captivating invitations to implement their dishonest plots.
Step 1: Spreading
To initiate the scam, criminals set up and fill accounts on popular social media platforms. They generally aim at Facebook, Instagram, Twitter, and TikTok. Subsequently, the promotional campaign starts. Employing bots and sponsored advertisements (when possible), scam actors boost the exposure of their deceptive activities to possible victims. This tactic enables them to create a wide net and connect with their targeted audience. The latter typically consists of cryptocurrency enthusiastic individuals seeking prospects to generate profits.
Users obtain an incentive to enroll, enticed by the promise of getting crypto prizes valued at hundreds of dollars, all without cost. To increase the attractiveness of the offer, fake claims of cooperation with a celebrity are incorporated. As you may guess, these assertions are completely baseless.
Step 2: Gaining Traffic
People who demonstrate interest visit Andexbit.com via links included in advertisements or bot-generated posts. The webpage utilizes captivating visuals, design features that appear legitimate, and claims of having a official license, all intended to present an initial impression of trustworthiness.
Step 3: Data Gathering
To collect their rewards, users need to actively sign up on Andexbit and receive instructions to submit sensitive and personal information throughout the sign-up process. This includes linking their cryptocurrency wallets, providing email addresses, specifying phone numbers, sending in identification documents, and the like.
Step 4: Requesting funds
Once enrolled, users observe considerable amounts of cryptocurrency, valued at hundreds of dollars, within their Andexbit wallets. Nevertheless, as is typical with such bonuses, you can’t withdraw them prior to topping up your account. Usually, a payment of $100 is asked to withdraw the sign-up bonus. This condition serves as the trap that eventually culminates to the money loss.
Step 5: Disappear
The instant the deposit is sent, the fraudsters halt all contact. They move forward to restrict users, delete accounts, and abscond with both the deposited funds and vital private data. The fabricated rewards continue to be perpetually uncredited, as they lack genuine existence. They operate purely as a fraudulent strategy. This technique forms the foundation for the fraudsters’ capability to deceive victims and steal hard-earned earnings through their deceptive internet-based crypto scheme.
Signs of Scam
I gathered several facts that point at the scammy nature of the Andexbit.com. Actually, there are a lot of scams that fall under the same points, so they are pretty much universal.
- False Celebrity Sponsorship. Andexbit often resorts to fake endorsements from celebrities such as Elon Musk, Jeff Bezos, Mr. Beast, and Mark Zuckerberg. This fraudulent tactic extends to claiming partnerships with reputable companies like Coinbase, Binance, or MetaMask, despite lacking any genuine affiliations.
- Cryptocurrency-Only Payments. Andexbit.com exclusively accepts payments in cryptocurrencies, rejecting traditional bank transfers and other methods. This approach not only masks the company’s identity but also eliminates the possibility of seeking refunds.
- Dubious Company Information. Andexbit raises suspicion by withholding essential ownership, location, and registration details. Furthermore, the absence of legitimate contact information and the recent establishment of domain and social media pages intensify skepticism.
- Unsubstantiated Hype. Andexbit.com employs groundless hype tactics, fabricating events like securing contracts with Coinbase or receiving endorsements from Elon Musk. These manipulative techniques aim to instill false confidence and encourage further investments.
- Potential Pyramid Scheme. The scam relies on a structure resembling a Ponzi scheme, leveraging a referral system spread through social media. However, only initial participants benefit, often at the expense of subsequent investors.
- Implausible Claims. Promising returns of 50-100-200%, Andexbit preys on the desire for quick profits. Yet, the volatile nature of the cryptocurrency market makes such gains highly unlikely, definitively labeling Andexbit as a scam.
What Should I do as a Victim?
If you had to deal with Andexbit site and fell victim to that scam, there are still some steps to take. They will make further scam attempts harder, and also boost the knowledge about that scam among folks.
- Immediate Reporting. Your initial step should involve promptly notifying local authorities specializing in financial fraud. Extend your reach by reaching out to wallet providers and engaging with social networks’ technical support teams. These actions serve to raise the bar for the scammers’ operations.
- Share among Friends. Amplify your efforts by informing your close friends about the scam. Similar to informing authorities, this dissemination of information restricts the scammers’ potential victim pool.
- Preserve Crucial Information. Compile a comprehensive evidence archive by capturing screenshots and archiving all relevant website-related data. Collect the website URL, screenshots of the main page, login interface, end-user license agreement (EULA), account top-up menu, and wallet addresses. These records could provide vital clues for authorities in their pursuit of the scammers.
- Exploring Refund Options. While most banks’ refund policies may exclude cryptocurrency payments, it’s advisable to explore potential refund avenues under specific circumstances. Maintain hope until you obtain confirmation of the loss.
- Transform Loss into Knowledge. Turn your financial setback into an opportunity for growth. View your loss as an investment in understanding the strategies employed by crypto scam sites. Familiarize yourself with their telltale characteristics, the methods they employ to entice individuals, and the extravagant promises they make. Equipped with this insight, you’ll be well-prepared to spot and evade future traps without suffering additional financial setbacks.
Scan your system for possible malware infections
Beware of cross scams! Scam actors can use your trust to make you download some stuff or interact with certain documents. It may be a trap that installs malware to your system. There are no moral barriers or limits for these scoundrels.
Throughout the duration of the fraud, scoundrels may contact you with specific documents. Alternatively, they may offer you to set up “cryptocurrency wallet applications” or “browser extensions” to simplify access to your cryptocurrency assets. As we previously determined, these deceivers have no intention of returning your capital. So, what can these email messages and browser extensions represent? Correct – this is another side of the deceptive plan designed to entice you into deliberately installing malicious software onto your computer.
Both plugins and attachments added to emails can function as a shell for different malware. In this scenario, I expect the presence of spyware and stealers among other types of malware. While it is not obligatory for scammers to distribute malware, the likelihood is always existent. As noted, their conscience is of negligible importance, and their dignity is already neck deep in mud. They have no scruples to give up and strive to maximize gains.
Remove spyware with Gridinsoft Anti-Malware
We have also been using this software on our systems ever since, and it has always been successful in detecting viruses. It has blocked the most common malicious programs as shown from our tests with the software, and we assure you that it can remove spyware as well as other malware hiding on your computer.
![Gridinsoft Anti-Malware - Main Screen](/wp-content/uploads/2023/07/gsam-main.webp)
To use Gridinsoft for remove malicious threats, follow the steps below:
1. Begin by downloading Gridinsoft Anti-Malware, accessible via the blue button below or directly from the official website gridinsoft.com.
2.Once the Gridinsoft setup file (setup-gridinsoft-fix.exe) is downloaded, execute it by clicking on the file.
![setup-gridinsoft-fix.exe](/wp-content/uploads/2023/07/setup-gridinsoft-fix-file.png)
3.Follow the installation setup wizard's instructions diligently.
![Gridinsoft Setup Wizard](/wp-content/uploads/2023/07/gridinsoft-setup-wizard.webp)
4. Access the "Scan Tab" on the application's start screen and launch a comprehensive "Full Scan" to examine your entire computer. This inclusive scan encompasses the memory, startup items, the registry, services, drivers, and all files, ensuring that it detects malware hidden in all possible locations.
![Scan for spyware malicious programs](/wp-content/uploads/2023/07/gsam-scan-1.webp)
Be patient, as the scan duration depends on the number of files and your computer's hardware capabilities. Use this time to relax or attend to other tasks.
5. Upon completion, Anti-Malware will present a detailed report containing all the detected malicious items and threats on your PC.
![The spyware was Found](/wp-content/uploads/2023/07/gsam-scan-finished.webp)
6. Select all the identified items from the report and confidently click the "Clean Now" button. This action will safely remove the malicious files from your computer, transferring them to the secure quarantine zone of the anti-malware program to prevent any further harmful actions.
![The spyware has been removed](/wp-content/uploads/2023/07/gsam-removal.webp)
8. If prompted, restart your computer to finalize the full system scan procedure. This step is crucial to ensure thorough removal of any remaining threats. After the restart, Gridinsoft Anti-Malware will open and display a message confirming the completion of the scan.
Remember Gridinsoft offers a 6-day free trial. This means you can take advantage of the trial period at no cost to experience the full benefits of the software and prevent any future malware infections on your system. Embrace this opportunity to fortify your computer's security without any financial commitment.
Trojan Killer for “spyware” removal on locked PC
In situations where it becomes impossible to download antivirus applications directly onto the infected computer due to malware blocking access to websites, an alternative solution is to utilize the Trojan Killer application.
![Trojan Killer - Main View](/wp-content/uploads/2023/07/tk-main.webp)
There is a really little number of security tools that are able to be set up on the USB drives, and antiviruses that can do so in most cases require to obtain quite an expensive license. For this instance, I can recommend you to use another solution of GridinSoft - Trojan Killer Portable. It has a 14-days cost-free trial mode that offers the entire features of the paid version. This term will definitely be 100% enough to wipe malware out.
Trojan Killer is a valuable tool in your cybersecurity arsenal, helping you to effectively remove malware from infected computers. Now, we will walk you through the process of using Trojan Killer from a USB flash drive to scan and remove malware on an infected PC. Remember, always obtain permission to scan and remove malware from a computer that you do not own.
Step 1: Download & Install Trojan Killer on a Clean Computer:
1. Go to the official GridinSoft website (gridinsoft.com) and download Trojan Killer to a computer that is not infected.
![Download Trojan Killer](/wp-content/uploads/2023/07/tk-download.webp)
2. Insert a USB flash drive into this computer.
3. Install Trojan Killer to the "removable drive" following the on-screen instructions.
![Install Trojan Killer to Removable Drive](/wp-content/uploads/2023/07/tk-setup.webp)
4. Once the installation is complete, launch Trojan Killer.
Step 2: Update Signature Databases:
5. After launching Trojan Killer, ensure that your computer is connected to the Internet.
6. Click "Update" icon to download the latest signature databases, which will ensure the tool can detect the most recent threats.
![Click Update Button](/wp-content/uploads/2023/07/tk-update.webp)
Step 3: Scan the Infected PC:
7. Safely eject the USB flash drive from the clean computer.
8. Boot the infected computer to the Safe Mode.
9. Insert the USB flash drive.
10. Run tk.exe
11. Once the program is open, click on "Full Scan" to begin the malware scanning process.
![Searching spyware Virus](/wp-content/uploads/2023/07/tk-scan.webp)
Step 4: Remove Found Threats:
12. After the scan is complete, Trojan Killer will display a list of detected threats.
![Searching spyware Finished](/wp-content/uploads/2023/07/tk-scan-complete.webp)
13. Click on "Cure PC!" to remove the identified malware from the infected PC.
14. Follow any additional on-screen prompts to complete the removal process.
![Restart needed](/wp-content/uploads/2023/07/tk-finish.webp)
Step 5: Restart Your Computer:
15. Once the threats are removed, click on "Restart PC" to reboot your computer.
16. Remove the USB flash drive from the infected computer.
Congratulations on effectively removing spyware and the concealed threats from your computer! You can now have peace of mind, knowing that they won't resurface again. Thanks to Gridinsoft's capabilities and commitment to cybersecurity, your system is now protected.
Frequently asked questions
The vast majority of information posted on the Andexbit site is false. It is either fabricated, or a manipulation that misses the context of mentioned events. However, things like quotes or other interactive elements related to current prices may be trustworthy. But I would rather avoid using them as a primary source of information.
No, there is no legitimate information on the Andexbit site. The operators of this site use fabricated details and deceptive tactics to create an appearance of credibility, such as appealing visuals and claims of being a licensed company. However, these claims are false, and the site is part of a larger network of interconnected crypto scam sites designed to defraud victims. The scammers manipulate users into providing sensitive personal information and making deposits, ultimately leading to the loss of funds.
Unfortunately, recovering funds lost to a scam like Andexbit can be extremely challenging, if not impossible. Scammers often operate from obscure locations and use various tactics to cover their tracks, making it difficult to trace or retrieve the stolen funds. In many cases, these scams are designed to exploit victims and disappear once they have obtained the money.
Spotting crypto trading scams requires vigilance and a critical eye. Here are some tips to help you identify potential crypto trading scams in the future:
- Scrutinize Celebrity Endorsements. Be cautious of endorsements from celebrities or public figures. Scammers often fabricate endorsements to gain credibility.
- Resist Urgency. Watch out for tactics that create a sense of urgency to pressure quick decisions. Legitimate investments offer time for research and consideration.
- Consult Reviews and Feedback. Look for independent reviews and feedback from fellow traders. Scammers may create fake positive reviews, but negative reviews can provide valuable insights.
- Question Unrealistic Promises. Be skeptical of offers promising unrealistically high returns or guaranteed profits. If an investment opportunity seems too good to be true, it likely is.
- Verify Regulation and Licensing. Check if the platform or service is regulated and licensed by relevant authorities. Scammers often operate without proper authorization.
If you have become a victim of a Andexbit or similar crypto trading scam, it’s important to take immediate action to minimize further damage and increase the chances of recovering your losses. Here’s what you should do:
- Document the Events. Gather and safeguard all pertinent information, including emails, screenshots, transaction records, and any correspondence with the scammers. This documentation holds utmost importance for reporting the scam and seeking assistance.
- Contact Financial Institutions. If you conducted any payments or deposits through your credit card or bank account, promptly notify your financial institution. They might offer assistance in contesting transactions or initiating chargebacks.
- Seek Legal Advice. Consult with a legal professional who specializes in fraud or financial matters. They can provide advice on potential legal actions you can take to recover your funds.
- Inform the Authorities. Lodge an official report with your local law enforcement agency and relevant regulatory bodies within your country. Present them with the amassed evidence. This step instigates investigations and enhances awareness about the scam.
- Notify Cryptocurrency Exchanges. Should you have employed a cryptocurrency exchange for transactions linked to the scam, inform the exchange about the fraudulent activity. In certain cases, they could extend their assistance.
- Consult Legal Counsel. Seek counsel from a legal expert specialized in fraud or financial matters. They can provide guidance on potential legal avenues for recovering your funds.
- Immediately Halt Communication. Once you recognize that you have fallen victim to a scam, cease all communication with the scammers. Refrain from responding to their emails, messages, or phone calls.
The truth about Andexbit
![](https://howtofix.guide/wp-content/uploads/2023/09/Andexbit-ads-300x188.jpg)
Name: Andexbit
Description: Cryptocurrency scams continue to increase as digital assets achieve mainstream adoption. A recent example of such a scam involves Andexbit, a fraudulent crypto exchange that entices victims with promises of free crypto giveaways. This detailed article will extensively examine the operations of the Andexbit scam, techniques for recognizing it, and, most crucially, ways to evade becoming a victim.
Operating System: All
Application Category: Crypto Scams