We Looked Into Bekbit: Scam or Trustworthy? The Verdict

Recently, Bekbit.com website popped up, promoting itself as a platform where you can securely store cryptocurrency and other assets. I managed to gather reliable proof that clearly confirms it is, in fact, a fraudulent service.

Despite what Bekbit site states, they will never refund your funds. Regardless of the money displayed in the “member area”, there is absolutely no ability to take out even a single coin. All promises regarding crypto incentives are hollow as well.

Bekbit Scam Overview

The key offering that Bekbit attempts to provide is a safe and user-friendly cryptocurrency wallet service. The site promises crypto exchange facilities, tools for controlling wallets, transfers, dashboards, and the like. In reality, they aim to emulate the functionality of a crypto exchange, akin to Binance or Coinbase. However, it in actuality solely serves as a cover intended to mislead the cautious.

Bekbit Scam

First and foremost, Bekbit imitates the layout of many similar online platforms. There are quite a few examples, like Bitnerax, Bitrohub or Biwaxes. They are completely indistinguishable in terms of visual elements, with slight discrepancies in the site header. Other specific elements, and sometimes even crypto wallet addresses, are unchanged. Most likely, all these fraudulent sites are operated by the same team of scammers.

Cryptocurrency Scam Summary

How the Bekbit Scam Works?

Bekbit is yet another website within a vast network of interconnected crypto deceptive webpages. The operators employ diverse brand names and websites, like Bekbit.com, to trap victims. Nevertheless, these false websites share the same website designs, terms of service, and About Us information. This reveals their origins as a part of the same scam network, which endorses the same form of deception under different disguises. The scammers merely replicate the same fraudulent site under different names to mislead users into thinking they are enrolling a new venture. However, in actuality, it’s the same group of swindlers orchestrating the misleading pledges and efforts to seize deposited funds. The administrators shrewdly employ psychological strategies and captivating offers to implement their deceitful schemes.

Step 1: Spreading

To start the scam, criminals establish and fill accounts on popular social media platforms. They generally aim at Facebook, Instagram, Twitter, and TikTok. Subsequently, the promotional campaign begins. Employing bots and paid advertisements (when achievable), scam actors increase the presence of their fraudulent activities to potential victims. This approach enables them to create a wide net and interact with their targeted viewers. The public commonly consists of cryptocurrency enthusiasts looking for chances to earn profits.

Users obtain a stimulus to enroll, drawn by the commitment of obtaining crypto prizes valued at thousands of dollars, all free of charge. To increase the appeal of the offer, fake claims of sponsorship by a celebrity are incorporated. As you may guess, these claims are entirely baseless.

Step 2: Gaining Traffic

Individuals who demonstrate interest check out Bekbit.com via links featured in promotions or robotic posts. The site employs captivating visuals, design features that appear authentic, and claims of having a valid license, all intended to convey an initial image of trustworthiness.

Step 3: Data Gathering

To claim their prizes, users need to deliberately create an account on Bekbit and get instructions to provide sensitive and personal information throughout the sign-up procedure. This includes linking their cryptocurrency wallets, revealing email addresses, specifying phone numbers, submitting identification papers, and the like.

Step 4: Requesting funds

Once signed up, users notice substantial amounts of cryptocurrency, valued at hundreds of dollars, within their Bekbit wallets. Nonetheless, as is standard with such incentives, you are unable to withdraw them ahead of topping up your account. Usually, a funds transfer of $100 is asked to withdraw the sign-up bonus. This prerequisite serves as the snare that eventually results to the money loss.

Step 5: Disappear

The moment the funds transfer is made, the scammers cease all interaction. They move forward to bar users, remove accounts, and vanish with both the submitted money and essential private details. The fabricated benefits persist perpetually uncredited, as they lack real existence. They function solely as a phishing strategy. This approach forms the foundation for the fraudsters’ ability to mislead victims and steal hard-earned funds through their duplicative online crypto scheme.

Signs of Scam

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

• Cryptocurrency-Only Transactions. Bekbit.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. Bekbit 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. Bekbit 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. Bekbit 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%, Bekbit capitalizes on the desire for high profits. However, the tumultuous nature of the cryptocurrency market renders such gains implausible, solidifying Bekbit.com as a definite scam.

What Should I do as a Victim?

If you had to deal with Bekbit 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 course of the scam, its actors may contact you with particular files. Alternatively, they may propose you to deploy “cryptocurrency wallet applications” or “browser extensions” to facilitate access to your cryptocurrency assets. As we previously figured out, these scoundrels have no plan of restoring your capital. So, what do these email messages and browser add-ons represent? You guessed – that is another element of the fraudulent scheme designed to throw you into willingly running harmful programs onto your device.

Both plugins and attachments attached to emails can act as a carrier for different malware. In this situation, I anticipate the presence of spyware and stealers among other types of threats. While it is not mandatory for scammers to distribute malware, the likelihood is always significant. As noted, their ethics is of negligible importance, and their dignity is already severely tarnished. They have no principles to lose and strive to maximize gains.

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