We Investigated Bituplex: Legit or Scam? The Facts

Recently, Bituplex.com service surfaced, promoting itself as a platform to keep cryptocurrency and other assets safely. I managed to gather reliable evidence that unmistakably indicates it is, in truth, a scam service.

Contrary to the assertions of Bituplex.com, they will never give back your money. Even though the numbers displayed in the “member area”, there is no possibility to take out even a single cent. All commitments 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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Bituplex Scam Overview

The primary feature that Bituplex aims to provide is a protected and convenient cryptocurrency wallet service. The website promises exchange services, tools for handling 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 fact solely serves as a cover needed to lull the vigilance.

Bituplex Scam

To begin with, Bituplex mimics the appearance of multiple equivalent websites. There are quite a few examples, like Bithuds, Fancytrend or Welobix. They are entirely indistinguishable in terms of graphic elements, with minor discrepancies in the webpage header. Other particulars, and sometimes even crypto wallet addresses, are the same. Most likely, all these deceptive sites are operated by the same gang of frauds.

Cryptocurrency Scam Summary

How the Bituplex Scam Works?

Bituplex is yet another webpage within a wide-ranging network of associated crypto scam sites. The administrators employ various brand titles and websites, like Bituplex.com, to trap victims. Nonetheless, these fraudulent sites share the same website designs, terms of service, and About information. This reveals their origins as components of the identical criminal network, which promotes the same type of scam under diverse disguises. The fraudsters just replicate the identical deceptive site under different names to fool users into assuming they are enrolling a fresh opportunity. However, in actuality, it’s the equal group of fraudsters orchestrating the fraudulent commitments and efforts to grab deposited cryptocurrency. The administrators skillfully make use of psychological maneuvers and captivating invitations to execute their deceitful plans.

Step 1: Spreading

To begin the deceptive scheme, criminals set up and fill accounts on well-liked social media platforms. They primarily target Facebook, Instagram, Twitter, and TikTok. Subsequently, the promotional campaign starts. Using bots and paid advertisements (when achievable), scam actors increase the visibility of their fraudulent activities to potential victims. This tactic allows them to create a broad net and engage with their targeted spectators. The group typically comprises of cryptocurrency enthusiastic individuals looking for opportunities to earn profits.

Users receive an incentive to enroll, drawn by the commitment of receiving crypto benefits valued at hundreds of dollars, all free of charge. To enhance the attractiveness of the offer, false suggestions of cooperation with a celebrity are added. As you may guess, these assertions are entirely baseless.

Step 2: Gaining Traffic

Individuals who show interest visit Bituplex.com via links featured in promotions or robotic posts. The site utilizes captivating visuals, design features that appear legitimate, and assertions of having a legitimate license, all aimed to present an initial impression of trustworthiness.

Step 3: Data Gathering

To redeem their benefits, users are required to proactively set up an account on Bituplex and receive guidance to provide sensitive and personal information throughout the sign-up procedure. This includes linking their cryptocurrency wallets, providing email addresses, giving phone numbers, submitting identification papers, and the like.

Step 4: Requesting funds

Once registered, users witness significant amounts of cryptocurrency, valued at hundreds of dollars, within their Bituplex wallets. Nonetheless, as it usually happens with such incentives, you are unable to withdraw them ahead of topping up your account. Typically, a payment of $100 is asked to access the sign-up bonus. This stipulation serves as the trap that eventually leads to the money loss.

Step 5: Disappear

The point in time the payment is submitted, the scammers terminate all communication. They move forward to restrict users, erase accounts, and abscond with both the submitted funds and vital private details. The fictitious rewards remain perpetually uncredited, as they lack genuine existence. They act solely as a phishing strategy. This method forms the foundation for the scammers’ capacity to deceive victims and steal hard-earned earnings through their deceptive web crypto scheme.

Signs of Scam

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

• False Celebrity Sponsorship. Bituplex often resorts to fake endorsements from celebrities such as Elon Musk, Jeff Bezos, Mr. Beast, and Mark Zuckerberg. This fraudulent tactic extends to claiming partnerships with reputable companies like Coinbase, Binance, or MetaMask, despite lacking any genuine affiliations.
• Cryptocurrency-Only Payments. Bituplex.com exclusively accepts payments in cryptocurrencies, rejecting traditional bank transfers and other methods. This approach not only masks the company’s identity but also eliminates the possibility of seeking refunds.
• Dubious Company Information. Bituplex raises suspicion by withholding essential ownership, location, and registration details. Furthermore, the absence of legitimate contact information and the recent establishment of domain and social media pages intensify skepticism.
• Unsubstantiated Hype. Bituplex.com employs groundless hype tactics, fabricating events like securing contracts with Coinbase or receiving endorsements from Elon Musk. These manipulative techniques aim to instill false confidence and encourage further investments.
• Potential Pyramid Scheme. The scam relies on a structure resembling a Ponzi scheme, leveraging a referral system spread through social media. However, only initial participants benefit, often at the expense of subsequent investors.
• Implausible Claims. Promising returns of 50-100-200%, Bituplex preys on the desire for quick profits. Yet, the volatile nature of the cryptocurrency market makes such gains highly unlikely, definitively labeling Bituplex as a scam.

What Should I do as a Victim?

If you had to deal with Bituplex 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.

• Immediate Reporting. Your initial step should involve promptly notifying local authorities specializing in financial fraud. Extend your reach by reaching out to wallet providers and engaging with social networks’ technical support teams. These actions serve to raise the bar for the scammers’ operations.
• Share among Friends. Amplify your efforts by informing your close friends about the scam. Similar to informing authorities, this dissemination of information restricts the scammers’ potential victim pool.
• Preserve Crucial Information. Compile a comprehensive evidence archive by capturing screenshots and archiving all relevant website-related data. Collect the website URL, screenshots of the main page, login interface, end-user license agreement (EULA), account top-up menu, and wallet addresses. These records could provide vital clues for authorities in their pursuit of the scammers.
• Exploring Refund Options. While most banks’ refund policies may exclude cryptocurrency payments, it’s advisable to explore potential refund avenues under specific circumstances. Maintain hope until you obtain confirmation of the loss.
• Transform Loss into Knowledge. Turn your financial setback into an opportunity for growth. View your loss as an investment in understanding the strategies employed by crypto scam sites. Familiarize yourself with their telltale characteristics, the methods they employ to entice individuals, and the extravagant promises they make. Equipped with this insight, you’ll be well-prepared to spot and evade future traps without suffering additional 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, fraudsters may get in touch with you with specific documents. Alternatively, they may suggest you to install “cryptocurrency wallet applications” or “browser extensions” to facilitate access to your crypto assets. As we previously determined, these scammers have no intention of giving back your money. So, what do these emails and browser add-ons represent? You guessed – that is another component of the fraudulent scheme designed to entice you into willingly running malicious applications onto your system.

Both add-ons and attachments added to email messages can act as a carrier for various malicious software. In this situation, I expect the presence of spyware and stealers among all kinds of threats. While it is not obligatory for scammers to distribute malware, the probability is always above zero. As stated, their conscience is of no concern, and their dignity is already neck deep in mud. They have no scruples 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 Bituplex

Name: Bituplex

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