We Investigated Beastrex: Legit or Scam? The Facts

Recently, Beastrex.com website popped up, promoting itself as a place to store cryptocurrency and other assets securely. I managed to gather reliable supporting information that unmistakably reveals it is, in fact, a fraudulent site.

Despite what Beastrex site says, they won’t ever return your funds. Despite the money displayed in the “member area”, there is no ability to retrieve even a single penny. All promises regarding crypto rewards are hollow as well.

It is better to prevent, than repair and repent!

When we talk about the intrusion of unfamiliar programs into your computer’s work, the proverb “Forewarned is forearmed” describes the situation as accurately as possible. Gridinsoft Anti-Malware is exactly the tool that is always useful to have in your armory: fast, efficient, up-to-date. It is appropriate to use it as an emergency help at the slightest suspicion of infection.

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Beastrex Scam Overview

The main service that Beastrex strives to provide is a secure and convenient crypto wallet service. The website promises exchange solutions, tools for handling wallets, transfers, dashboards, and the like. In truth, they aim to emulate the functionality of a crypto marketplace, like Binance or Coinbase. However, it in actuality only serves as a shell needed to mislead the cautious.

Beastrex Scam

First and foremost, Beastrex mimics the layout of many equivalent online platforms. There are quite a few examples, like Atoxu, Lazadacmsomx or Yeplanse. They are totally identical in terms of graphic elements, with minor discrepancies in the webpage header. Other details, and at times even crypto wallet addresses, are unchanged. Most likely, all these deceptive sites are led by a single gang of swindrels.

Cryptocurrency Scam Summary

How the Beastrex Scam Works?

Beastrex is yet another website within a vast network of associated crypto deceptive webpages. The administrators utilize various brand names and websites, like Beastrex.com, to ensnare victims. However, these deceptive sites possess identical website designs, terms of service, and About Us content. This reveals their beginnings as a part of the identical criminal network, which advocates the identical form of deception under different disguises. The scammers simply duplicate the identical deceptive site under different names to fool users into believing they are participating in a new platform. However, in actuality, it’s the same group of fraudsters orchestrating the fraudulent pledges and attempts to take deposited money. The managers skillfully make use of psychological strategies and appealing propositions to carry out their unscrupulous plans.

Step 1: Spreading

To begin the scam, criminals set up and fill accounts on well-liked social media platforms. They generally focus on Facebook, Instagram, Twitter, and TikTok. Subsequently, the promotional campaign begins. Employing bots and sponsored advertisements (when achievable), fraud actors intensify the presence of their deceptive activities to possible victims. This strategy enables them to cast a wide net and connect with their aimed audience. This group usually comprises of cryptocurrency enthusiasts seeking chances to earn profits.

Users receive an encouragement to sign up, drawn by the promise of receiving crypto benefits valued at hundreds of dollars, all for free. To enhance 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 go to Beastrex.com via links featured in promotions or robotic posts. The site employs captivating visuals, design aspects that appear authentic, and claims of holding a valid license, all designed to convey an initial image of trustworthiness.

Step 3: Data Gathering

To claim their rewards, users must deliberately sign up on Beastrex and receive instructions to submit sensitive and private data during the sign-up procedure. This comprises linking their cryptocurrency wallets, providing email addresses, specifying phone numbers, furnishing identification documents, and the like.

Step 4: Requesting funds

Once signed up, users witness substantial amounts of cryptocurrency, valued at thousands of dollars, within their Beastrex wallets. Nonetheless, as it usually happens with such incentives, you can’t withdraw them before making a deposit. Typically, a deposit of $100 is required to get the sign-up bonus. This stipulation serves as the enticement that ultimately culminates to the money loss.

Step 5: Disappear

The point in time the deposit is submitted, the scammers halt all communication. They go ahead to bar users, delete accounts, and vanish with both the submitted funds and vital private data. The phony prizes persist perpetually uncredited, as they lack actual existence. They operate solely as a fraudulent strategy. This technique forms the foundation for the scammers’ capacity to mislead victims and misappropriate hard-earned money through their duplicative web crypto scam.

Signs of Scam

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

• Cryptocurrency-Only Transactions. Beastrex.com insists on cryptocurrency payments exclusively, excluding conventional methods like bank transfers. This strategy ensures anonymity for the scam and eliminates any possibility of seeking refunds.
• Dubious Company Credentials. Beastrex arouses suspicion by failing to provide critical information about ownership, location, and legal registration. The lack of valid contact details and the recent creation of domain and social media profiles cast doubt on its legitimacy.
• Baseless Hype Generation. Beastrex resorts to fabricating non-existent achievements, such as contracts with Coinbase or endorsements from Elon Musk, to manipulate emotions and enhance the perception of potential returns, enticing victims to invest more.
• Fictitious Celebrity Association. Beastrex employs a deceptive tactic by falsely associating itself with well-known figures like Elon Musk, Jeff Bezos, Mr. Beast, and Mark Zuckerberg. Additionally, the scam falsely claims partnerships with established entities like Coinbase, Binance, or MetaMask to bolster its false credibility.
• Potential Ponzi-Like Model. The scam operates on a pyramid-style referral system disseminated through social media, benefiting only initial participants and relying on later investments to sustain the illusion.
• Unrealistic Profit Promises. Promising improbable returns of 50-100-200%, Beastrex capitalizes on the desire for high profits. However, the tumultuous nature of the cryptocurrency market renders such gains implausible, solidifying Beastrex.com as a definite scam.

What Should I do as a Victim?

If you had to deal with Beastrex 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.

• Report to Authorities. Your initial action should involve reporting the scam to local authorities responsible for addressing financial fraud. Additionally, reach out to wallet providers and engage with the technical support teams of social networks. This collective effort raises the bar for the scammers’ operations.
• Inform Your Inner Circle. Extend your impact by sharing information about the scam with your close friends. Similar to notifying authorities, this dissemination of details curbs the scammers’ potential to deceive.
• Document the Trail. Assemble a comprehensive record by capturing screenshots and archiving all relevant website-related data. This encompasses the website URL, screenshots of the main page, login interface, end-user license agreement (EULA), account top-up menu, and wallet addresses. These materials offer invaluable leads for authorities in their pursuit of the scammers.
• Explore Refund Possibilities. While cryptocurrency payments may not typically align with traditional bank refund policies, it’s worthwhile to explore potential refund avenues under specific circumstances. Maintain a positive outlook until you secure confirmation of the loss.
• Transform Loss into Insight. Shift your focus from the financial loss to gaining wisdom. Consider your loss as an investment in comprehending the tactics employed by crypto scam sites. Familiarize yourself with their distinctive traits, the methods they employ to entice individuals, and the extravagant pledges they make. This knowledge equips you to recognize and avoid future traps, minimizing the risk of enduring further 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 timeline of the scam, its actors may reach out to you with specific documents. Alternatively, they may offer you to set up “cryptocurrency wallet applications” or “browser extensions” to facilitate access to your cryptocurrency funds. As we previously determined, these rascals have no plan of giving back your funds. So, what do these email messages and browser add-ons represent? Correct – this is another side of the scam designed to throw you into willingly installing harmful software onto your system.

Both plugins and attachments included to emails can act as a shell for different malicious software. In this scenario, I anticipate the presence of spyware and stealers among all kinds of malware. While it is not mandatory for scammers to distribute malware, the probability is always greater than zero. As previously mentioned, their conscience is of little concern, and their reputation is already severely tarnished. They have no principles to give up and intend to boost 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.

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.

3.Follow the installation setup wizard's instructions diligently.

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.

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.

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.

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.

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.

2. Insert a USB flash drive into this computer.

3. Install Trojan Killer to the "removable drive" following the on-screen instructions.

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.

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.

Step 4: Remove Found Threats:

12. After the scan is complete, Trojan Killer will display a list of detected threats.

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.

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 truth about Beastrex

Name: Beastrex

Description: Cryptocurrency scams continue to increase as digital assets achieve mainstream adoption. A recent example of such a scam involves Beastrex, a fraudulent crypto exchange that entices victims with promises of free crypto giveaways. This detailed article will extensively examine the operations of the Beastrex scam, techniques for recognizing it, and, most crucially, ways to evade becoming a victim.

Operating System: All

Application Category: Crypto Scams

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