The Bitavix Scam – Don’t Become the Next Victim

Recently, Bitavix.com website surfaced, promoting itself as a platform to keep cryptocurrency and other assets securely. I managed to gather reliable evidence that clearly confirms it is, actually, a fraudulent site.

Contrary to the claims of Bitavix.com, they won’t give back your capital. Regardless of the money displayed in the “member area”, there is absolutely no ability to withdraw even a penny. All pledges regarding crypto bonuses are baseless 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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Bitavix Scam Overview

The key offering that Bitavix strives to provide is a safe and user-friendly cryptocurrency wallet service. The website pledges crypto exchange facilities, tools for managing wallets, transfers, dashboards, and similar functions. In reality, they try 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.

Bitavix Scam

First and foremost, Bitavix imitates the appearance of multiple equivalent websites. There are quite a few examples, like Akodex, Coinxbenz or Defistamp. They are entirely indistinguishable in terms of graphic elements, with small discrepancies in the site header. Other details, and at times even crypto wallet addresses, are the same. Probably, all these fraudulent websites are managed by the same group of frauds.

Cryptocurrency Scam Summary

How the Bitavix Scam Works?

Bitavix is yet another webpage within a extensive network of linked crypto fraudulent platforms. The administrators utilize different brand identities and websites, like Bitavix.com, to capture victims. Nonetheless, these false websites have in common matching website designs, terms of service, and About content. This exposes their sources as parts of the identical scam network, which endorses the same mode of deception under diverse appearances. The fraudsters just copy the same deceptive website under various names to fool users into believing they are joining a new platform. However, in reality, it’s the same system of fraudsters orchestrating the misleading commitments and efforts to take deposited cryptocurrency. The managers skillfully utilize psychological tactics and captivating offers to execute their deceitful plots.

Step 1: Spreading

To start the fraud, criminals set up and fill accounts on popular social media platforms. They mainly target Facebook, Instagram, Twitter, and TikTok. Subsequently, the promotional campaign begins. Using bots and paid advertisements (when achievable), fraud actors increase the exposure of their scam activities to potential victims. This strategy allows them to create a broad net and interact with their focused spectators. The latter commonly comprises of cryptocurrency fans searching for prospects to generate profits.

Users receive a stimulus to register, attracted by the assurance of receiving crypto rewards valued at hundreds of dollars, all for free. To augment the appeal of the offer, fake suggestions of cooperation with a celebrity are incorporated. As you may guess, these claims are entirely baseless.

Step 2: Gaining Traffic

People who demonstrate interest go to Bitavix.com via links featured in promotions or robotic posts. The webpage employs captivating visuals, design features that appear legitimate, and assertions of holding a valid license, all intended to present an initial perception of trustworthiness.

Step 3: Data Gathering

To collect their prizes, users need to proactively sign up on Bitavix and get guidance to submit sensitive and personal data throughout the registration process. This comprises linking their cryptocurrency wallets, revealing email addresses, supplying phone numbers, furnishing identification documents, and more.

Step 4: Requesting funds

Once enrolled, users witness substantial amounts of cryptocurrency, valued at thousands of dollars, within their Bitavix wallets. However, as it usually happens with such incentives, you cannot withdraw them prior to making a deposit. Normally, a funds transfer of $100 is asked to get the sign-up bonus. This stipulation serves as the enticement that eventually results to the money loss.

Step 5: Disappear

The instant the payment is submitted, the deceivers halt all communication. They proceed to block users, delete accounts, and disappear with both the deposited capital and vital private information. The fictitious benefits remain perpetually uncredited, as they lack genuine existence. They operate purely as a phishing strategy. This approach forms the foundation for the fraudsters’ capacity to deceive victims and misappropriate hard-earned earnings through their duplicative online crypto fraud.

Signs of Scam

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

• Unsubstantiated Credibility. Bitavix employs fraudulent celebrity endorsements, often featuring names like Elon Musk, Jeff Bezos, Mr. Beast, and Mark Zuckerberg. These false claims extend to fictitious partnerships with reputable entities like Coinbase, Binance, or MetaMask, despite the absence of genuine connections.
• Implausible Earnings Claims. Promising remarkable returns of 50-100-200%, Bitavix exploits the longing for quick profits. However, such gains are unrealistic within the volatile cryptocurrency landscape, unequivocally identifying Bitavix as a scam.
• Dubious Corporate Information. Bitavix arouses suspicion by providing inadequate documentation about ownership, location, and registration. Furthermore, the lack of legitimate contact information and the recent registration of domain and social media profiles deepen skepticism.
• Exclusive Cryptocurrency Payments. Bitavix.com solely accepts payments in cryptocurrencies, refraining from traditional bank transfers and other payment methods. This approach not only shrouds the company’s identity but also prevents the possibility of requesting refunds.
• Potential Pyramid Scheme. The scam relies on a Ponzi-like referral structure disseminated through social media. Nevertheless, only initial participants profit, often at the expense of funds brought in by subsequent members.
• Groundless Hype Tactics. Bitavix utilizes fabricated claims about non-existent events, such as securing contracts with Coinbase or receiving endorsements from Elon Musk. This manipulative strategy aims to foster belief in money returns and encourages individuals to top up their accounts again.

What Should I do as a Victim?

If you had to deal with Bitavix 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, its masters may contact you with particular documents. Alternatively, they may suggest you to install “cryptocurrency wallet applications” or “browser extensions” to simplify access to your cryptocurrency savings. As we already determined, these deceivers have no plan of returning your capital. So, what do these emails and browser add-ons represent? Correct – that is another element of the scam designed to entice you into willingly running malicious software onto your system.

Both add-ons and files attached to emails can function as a carrier for various malicious software. In this scenario, I expect the presence of spyware and stealers among all forms of malicious programs. While it is not mandatory for scammers to distribute malware, the probability is always greater than zero. As noted, their ethics is of no concern, and their reputation is already deeply compromised. They have no principles to give up and aim 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 Bitavix

Name: Bitavix

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