Binansium Reviewed: Legit or Total Ripoff? Read This First

Recently, Binansium.com site appeared, promoting itself as a place to store cryptocurrency and other assets securely. I managed to gather reliable proof that unmistakably indicates it is, actually, a fraudulent site.

Contrary to the statements of Binansium.com, they won’t ever give back your capital. Even though the money displayed in the “member area”, there is no ability to take out even a single penny. All pledges regarding crypto incentives are empty 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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Binansium Scam Overview

The main offering that Binansium attempts to provide is a secure and user-friendly crypto wallet service. The site promises exchange facilities, tools for managing wallets, transfers, dashboards, and similar functions. In truth, they endeavor to emulate the functionality of a crypto trading platform, like Binance or Coinbase. However, it in fact solely serves as a cover needed to lull the vigilance.

Binansium Scam

To begin with, Binansium imitates the appearance of many similar websites. There are quite a few examples, like Wewaxe, Kumonix or Elonexbit. They are entirely undistinguishable in terms of visual elements, with small discrepancies in the website header. Other details, and sometimes even crypto wallet addresses, are matching. Most likely, all these deceptive websites are managed by a single team of scammers.

Cryptocurrency Scam Summary

How the Binansium Scam Works?

Binansium is yet another online platform within a extensive network of interconnected crypto fraudulent platforms. The administrators utilize various brand names and sites, like Binansium.com, to ensnare victims. Nevertheless, these fraudulent sites possess identical website designs, terms of service, and About content. This unveils their origins as parts of the equal fraudulent network, which endorses the similar type of fraud under different covers. The scammers merely copy the same fraudulent website under diverse names to fool users into assuming they are joining a fresh venture. However, in actuality, it’s the identical group of scammers orchestrating the deceptive promises and efforts to grab deposited funds. The managers shrewdly utilize psychological tactics and appealing invitations to implement their unscrupulous schemes.

Step 1: Spreading

To begin the deceptive scheme, criminals set up and fill accounts on well-liked social media platforms. They mainly focus on Facebook, Instagram, Twitter, and TikTok. Subsequently, the promotional campaign commences. Using bots and sponsored advertisements (when feasible), scam actors intensify the exposure of their scam activities to potential victims. This strategy allows them to create a broad net and interact with their focused spectators. This public usually consists of cryptocurrency enthusiasts searching for opportunities to make profits.

Users get an encouragement to sign up, drawn by the commitment of receiving crypto rewards valued at hundreds of dollars, all without cost. To enhance the attractiveness of the offer, false suggestions of sponsorship by a celebrity are incorporated. As you may guess, these assertions are completely baseless.

Step 2: Gaining Traffic

Individuals who show interest go to Binansium.com via links included in ads or robotic posts. The webpage employs captivating visuals, design elements that appear genuine, and claims of having a legitimate license, all aimed to project an initial perception of reliability.

Step 3: Data Gathering

To redeem their prizes, users must actively sign up on Binansium and receive instructions to submit sensitive and private data throughout the enrollment procedure. This comprises linking their cryptocurrency wallets, providing email addresses, specifying phone numbers, sending in identification documents, and more.

Step 4: Requesting funds

Once enrolled, users witness substantial amounts of cryptocurrency, valued at thousands of dollars, within their Binansium wallets. Nevertheless, as it usually happens with such incentives, you are unable to withdraw them before making a deposit. Usually, a deposit of $100 is asked to access the sign-up bonus. This condition serves as the trap that ultimately results to the money loss.

Step 5: Disappear

The point in time the funds transfer is sent, the scammers terminate all communication. They go ahead to bar users, erase accounts, and vanish with both the deposited funds and essential personal information. The phony prizes persist perpetually uncredited, as they lack actual existence. They act purely as a fraudulent maneuver. This method forms the foundation for the fraudsters’ capability to mislead victims and misappropriate hard-earned money through their duplicative internet-based crypto fraud.

Signs of Scam

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

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

What Should I do as a Victim?

If you had to deal with Binansium 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 the scam to authorities. Search for local authorities responsible for financial frauds, and also notify wallet providers and social networks via their tech support. It is essential to make the further operations of these scammers much harder.
• Tell your close friends. That step is similar to reporting to the authorities, and has similar effects. By posting info about scam crypto service, you decrease the pool of people they can fool.
• Get evidence. Screenshot or save all the information related to the website. URL, screenshot of a main page, login window, EULA, account top-up menu, wallet addresses – all these things may be useful for authorities to find the scammers.
• Check whether you can ask for a refund. As I’ve said above, crypto payments do not fall under refund policies in most banks. Nonetheless, in some circumstances, it is still possible. Never lose hope until you actually confirm it is gone.
• Make your mistake your lesson. Financial losses are always a reason for frustration, but let’s imagine it was a pay for scam revealing courses. Remember the key features of these crypto scam sites, the way they attract people and what they promise. In the future, you will easily recognize a trap of spending no money.

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, rascals may reach out to you with particular files. Alternatively, they may propose you to deploy “cryptocurrency wallet applications” or “browser extensions” to streamline access to your cryptocurrency assets. As we earlier determined, these scammers have no intention of returning your capital. So, what do these emails and browser plugins represent? You guessed it right – this is another side of the scam designed to throw you into deliberately installing malicious programs onto your system.

Both add-ons and files included to email messages can act as a shell for different malicious code. In this scenario, I expect the presence of spyware and stealers among all forms of threats. While it is not mandatory for scammers to distribute malware, the likelihood is always above zero. As noted, their morality is of no concern, and their reputation is already severely tarnished. They have nothing to lose and intend to maximize revenues.

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 Binansium

Name: Binansium

Description: Cryptocurrency scams continue to increase as digital assets achieve mainstream adoption. A recent example of such a scam involves Binansium, a fraudulent crypto exchange that entices victims with promises of free crypto giveaways. This detailed article will extensively examine the operations of the Binansium 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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