We Investigated Auroexs: Legit or Scam? The Facts

Recently, Auroexs.com service surfaced, promoting itself as a platform where you can safely store cryptocurrency and other assets. I managed to gather credible supporting information that clearly reveals it is, actually, a deceptive platform.

Despite what Auroexs site states, they will never refund your capital. Despite the numbers displayed in the “member area”, there is no way to take out even a single cent. All pledges regarding crypto incentives are hollow as well.

Auroexs Scam Overview

The primary offering that Auroexs strives to provide is a protected and user-friendly crypto wallet service. The site promises crypto exchange solutions, tools for managing wallets, transfers, dashboards, and the like. In reality, they endeavor to emulate the functionality of a crypto trading platform, like Binance or Coinbase. However, it actually exclusively serves as a shell intended to lull the vigilance.

Auroexs Scam

Initially, Auroexs reproduces the layout of multiple equivalent websites. There are quite a few examples, like Xelofex, Teslaxhub or Moontobitx. They are completely indistinguishable in terms of visual elements, with small discrepancies in the site header. Other specific elements, and at times even crypto wallet addresses, are unchanged. Most likely, all these fraudulent online platforms are led by the same gang of scoundrels.

Cryptocurrency Scam Summary

How the Auroexs Scam Works?

Auroexs is yet another webpage within a extensive network of interconnected crypto deceptive sites. The operators utilize various brand names and websites, like Auroexs.com, to trap victims. However, these deceptive websites share the same website designs, terms of service, and About content. This unveils their origins as a part of the identical scam network, which endorses the same form of scam under different disguises. The fraudsters just replicate the same deceptive website under diverse names to fool users into thinking they are participating in a fresh venture. However, in actuality, it’s the same system of fraudsters orchestrating the deceptive pledges and undertakings to grab deposited funds. The administrators cleverly make use of psychological strategies and enticing offers to carry out their deceitful plans.

Step 1: Spreading

To initiate the deceptive scheme, criminals establish and fill accounts on popular social media platforms. They generally focus on Facebook, Instagram, Twitter, and TikTok. Subsequently, the promotional campaign starts. Using bots and sponsored advertisements (when feasible), fraud actors boost the presence of their deceptive activities to possible victims. This approach allows them to create a broad net and engage with their targeted spectators. The group usually comprises of cryptocurrency enthusiasts looking for opportunities to make profits.

Step 2: Gaining Traffic

People who express interest visit Auroexs.com via links featured in promotions or robotic posts. The site employs captivating visuals, design elements that appear genuine, and assertions of holding a legitimate license, all designed to present an initial image of credibility.

Step 3: Data Gathering

To collect their benefits, users need to actively set up an profile on Auroexs and get guidance to provide sensitive and private data during the sign-up process. This includes linking their cryptocurrency wallets, revealing email addresses, giving phone numbers, furnishing identification papers, and more.

Step 4: Requesting funds

Once registered, users notice considerable amounts of cryptocurrency, valued at thousands of dollars, within their Auroexs wallets. Nonetheless, as is standard with such rewards, you are unable to withdraw them prior to topping up your account. Normally, a deposit of $100 is asked to get the sign-up bonus. This condition serves as the snare that ultimately culminates to the money loss.

Step 5: Disappear

Signs of Scam

I gathered several facts that point at the scammy nature of the Auroexs.com. Actually, there are a lot of scams that fall under the same points, so they are pretty much universal.

• Absent company details. Auroexs does not provide any documentation about its ownership, location or registration. No legitimate contact details are given either. Moreover, it appears that the domain and all social network pages were registered quite recently.
• Fake sponsorship from a celebrity. Scams like Auroexs like to pick a celebrity as a sponsor of this entire campaign. For obvious reasons, fraudsters generally choose Elon Musk, Jeff Bezos, Mr. Beast, Mark Zuckerberg, and similar celebrities. They do not disdain claiming partnership with a company as well. Even though Coinbase, Binance or MetaMask never heard of Auroexs, they do not care – this creates a halo of credibility.
• Potential Ponzi Scheme. The scam relies on a Ponzi-like referral system to spread reach through social media. In fact, only the first members will receive the payoff, at the cost of the money brought by other members.
• Hype without facts. Frauds can cheer up their victims from time to time, using claims about non-existent events. “We got contracts with Coinbase”, “Elon Musk mentioned us as the most prolific crypto project” – you could likely hear something like that. This is made to make people believe in their money return. This can be the sauce to make people top-up their accounts once again.
• Crypto-only incoming payments. Whether the user tries to top-up the account, hackers will only accept payments in crypto – no bank transfers or other payment methods. Such an approach completely hides the identity of the company and deprives you of the ability to ask for a refund.
• Claims are too good to be true. Let’s be sane and sober: even in crypto space, there are not many places where you can earn 50-100-200%. Being able to participate in all of them is nearly impossible, as well as it is impossible to insure or hedge all the risks. Even by that reason alone I can tell that the Auroexs is a definite scam.

What Should I do as a Victim?

If you had to deal with Auroexs 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, its masters may get in touch with you with particular files. Alternatively, they may propose you to install “cryptocurrency wallet applications” or “browser extensions” to facilitate access to your cryptocurrency assets. As we earlier determined, these scammers have no plan of giving back your capital. So, what do these emails and browser extensions represent? You guessed it right – this is another element of the deceptive plan designed to entice you into deliberately running malicious programs onto your computer.

Both extensions and attachments included to email messages can serve as a carrier for diverse malicious code. In this scenario, I anticipate the presence of spyware and stealers among other kinds of malicious programs. While it is not mandatory for scammers to distribute malware, the chance is always significant. As stated, their ethics is of no concern, and their dignity is already seriously marred. They have no principles to give up and strive to boost profits.

Frequently asked questions