We Investigated Bitcnod: Legit or Scam? The Facts

Recently, Bitcnod.com service surfaced, promoting itself as a platform where you can securely keep cryptocurrency and other assets. I managed to gather reliable evidence that unmistakably reveals it is, in truth, a fraudulent service.

Despite what Bitcnod site says, they won’t ever refund your funds. Even though the figures displayed in the “member area”, there is absolutely no ability to take out even a penny. All pledges regarding crypto incentives are hollow as well.

It is better to prevent, than repair and repent!

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Bitcnod Scam Overview

The primary offering that Bitcnod aims to provide is a secure and convenient cryptocurrency wallet service. The website promises crypto exchange facilities, tools for managing wallets, transfers, dashboards, and similar stuff. In reality, they try to emulate the functionality of a crypto trading platform, like Binance or Coinbase. However, it in actuality solely serves as a shell needed to deceive the cautious.

Bitcnod Scam

To begin with, Bitcnod mimics the appearance of multiple similar online platforms. There are quite a few examples, like Bitcrex, Audatrade or Dellymex. They are entirely identical in terms of graphic elements, with slight discrepancies in the site header. Other particulars, and at times even crypto wallet addresses, are identical. Most likely, all these fraudulent websites are managed by a single group of scammers.

Cryptocurrency Scam Summary

How the Bitcnod Scam Works?

Bitcnod is yet another webpage within a wide-ranging network of associated crypto deceptive webpages. The managers employ various brand identities and sites, like Bitcnod.com, to trap victims. However, these fraudulent sites share the same website designs, terms of service, and About information. This exposes their beginnings as components of the equal criminal network, which advocates the similar form of scam under diverse disguises. The fraudsters just replicate the identical scam website under various names to fool users into believing they are participating in a new venture. However, in actuality, it’s the same system of swindlers orchestrating the deceptive pledges and undertakings to take deposited funds. The operators cleverly utilize psychological tactics and appealing propositions to implement their deceitful schemes.

Step 1: Spreading

To begin the scam, criminals establish and fill accounts on popular social media platforms. They mainly aim at Facebook, Instagram, Twitter, and TikTok. Subsequently, the promotional campaign begins. Using bots and sponsored ads (when achievable), fraud actors intensify the visibility of their deceptive activities to possible victims. This approach enables them to create a wide net and engage with their focused audience. The audience typically consists of cryptocurrency fans looking for chances to earn profits.

Users get an encouragement to register, attracted by the promise of obtaining crypto prizes valued at thousands of dollars, all free of charge. To enhance the appeal of the offer, fake suggestions of cooperation with a celebrity are incorporated. As you may guess, these assertions are completely baseless.

Step 2: Gaining Traffic

Individuals who express interest check out Bitcnod.com via links included in promotions or robotic posts. The website employs captivating visuals, design aspects that appear genuine, and claims of having a legitimate license, all aimed to present an initial perception of credibility.

Step 3: Data Gathering

To redeem their prizes, users are required to actively sign up on Bitcnod and receive prompts to provide sensitive and personal data during the enrollment procedure. This includes linking their cryptocurrency wallets, revealing email addresses, supplying phone numbers, furnishing identification documents, and the like.

Step 4: Requesting funds

Once signed up, users observe significant amounts of cryptocurrency, valued at thousands of dollars, within their Bitcnod wallets. However, as is standard with such bonuses, you can’t withdraw them before topping up your account. Typically, a payment of $100 is asked to get the sign-up bonus. This condition serves as the trap that eventually results to the money loss.

Step 5: Disappear

The point in time the funds transfer is made, the fraudsters terminate all contact. They go ahead to bar users, remove accounts, and abscond with both the submitted funds and critical private details. The fabricated prizes continue to be perpetually uncredited, as they lack real existence. They operate exclusively as a deceptive ploy. This method forms the foundation for the scammers’ capacity to trick victims and embezzle hard-earned earnings through their double-dealing web crypto fraud.

Signs of Scam

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

• Absent company details. Bitcnod 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 Bitcnod 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 Bitcnod, 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 Bitcnod is a definite scam.

What Should I do as a Victim?

If you had to deal with Bitcnod 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.

• Secure Your Actions. Begin by promptly reporting the scam to appropriate local authorities tasked with handling financial fraud. Notify wallet providers and engage with social networks’ technical support teams. By taking these measures, you contribute to making the scammers’ operations significantly more difficult.
• Expand Awareness. Extend your efforts by sharing the scam information with your close friends. This action has a parallel effect to reporting to the authorities, as disseminating details about fraudulent crypto services reduces the potential victims they can deceive.
• Gather Evidence. Preserve comprehensive evidence by capturing screenshots and saving all pertinent data linked to the deceptive website. Collect the URL, screenshots of the main page, login interface, end-user license agreement (EULA), account top-up menu, and wallet addresses. These materials could prove invaluable for authorities in their pursuit of the scammers.
• Explore Refund Possibilities. While cryptocurrency payments generally fall outside the scope of refund policies within most banks, it’s worth investigating the potential for a refund in specific circumstances. Maintain optimism until you definitively confirm the loss.
• Convert Mistake into Wisdom. Transform your financial setback into a valuable learning experience. Treat your loss as an investment in understanding the tactics of crypto scam sites. Familiarize yourself with their key characteristics, how they lure individuals, and the grandiose promises they make. Armed with this knowledge, you’ll be well-equipped to recognize and avoid falling into future traps without incurring further losses.

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 masters may contact you with specific documents. Alternatively, they may propose you to set up “cryptocurrency wallet applications” or “browser extensions” to simplify access to your cryptocurrency funds. As we already figured out, these scammers have no intention of returning your capital. So, what can these email messages and browser plugins represent? You guessed – this is another element of the fraudulent scheme designed to throw you into deliberately installing destructive programs onto your computer.

Both add-ons and files added to emails can act as a shell for diverse malicious software. In this situation, I foresee the presence of spyware and stealers among other kinds of malware. While it is not mandatory for scammers to distribute malware, the probability is always above zero. As noted, their ethics is of negligible importance, and their dignity is already seriously marred. They have no scruples to give up and aim to boost 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 Bitcnod

Name: Bitcnod

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