We Investigated Bitxeq: Legit or Scam? The Facts

Recently, Bitxeq.com site appeared, promoting itself as a platform where you can securely store cryptocurrency and other assets. I managed to gather credible proof that clearly indicates it is, actually, a fraudulent platform.

Despite what Bitxeq site says, they won’t ever give back your funds. Regardless of the money displayed in the “member area”, there is no possibility to take out even a single cent. All commitments 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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Bitxeq Scam Overview

The key offering that Bitxeq aims to provide is a secure and user-friendly cryptocurrency wallet service. The site pledges crypto exchange solutions, tools for managing wallets, transfers, dashboards, and similar stuff. In fact, they aim to emulate the functionality of a crypto exchange, like Binance or Coinbase. However, it in actuality only serves as a cover needed to lull the vigilance.

Bitxeq Scam

To begin with, Bitxeq imitates the appearance of numerous equivalent online platforms. There are quite a few examples, like Coinfuise, Coinixbit or Crystalxbit. They are completely identical in terms of visual elements, with small discrepancies in the webpage header. Other details, and at times even crypto wallet addresses, are identical. Probably, all these fraudulent sites are operated by the same gang of scoundrels.

Cryptocurrency Scam Summary

How the Bitxeq Scam Works?

Bitxeq is yet another online platform within a wide-ranging network of linked crypto deceptive platforms. The administrators utilize diverse brand identities and sites, like Bitxeq.com, to capture victims. Nevertheless, these fraudulent websites have in common identical website designs, terms of service, and About content. This reveals their origins as components of the equal scam network, which advocates the identical form of fraud under different disguises. The scammers merely replicate the equal scam site under diverse names to fool users into assuming they are participating in a fresh venture. However, in actuality, it’s the identical system of scammers orchestrating the deceptive commitments and attempts to grab deposited cryptocurrency. The operators shrewdly employ psychological strategies and captivating propositions to execute their unscrupulous schemes.

Step 1: Spreading

To initiate the fraud, criminals establish and fill accounts on well-liked social media platforms. They generally aim at Facebook, Instagram, Twitter, and TikTok. Subsequently, the advertising campaign starts. Using bots and paid ads (when achievable), scam actors intensify the exposure of their scam activities to potential victims. This strategy enables them to create a wide net and interact with their targeted spectators. The group typically consists of cryptocurrency enthusiasts looking for chances to make profits.

Users receive an incentive to enroll, drawn by the assurance of obtaining crypto prizes valued at thousands of dollars, all free of charge. To increase the attractiveness of the offer, false claims of cooperation with a celebrity are incorporated. As you may guess, these assertions are completely baseless.

Step 2: Gaining Traffic

People who express interest go to Bitxeq.com via links present in promotions or bot-generated posts. The webpage employs captivating visuals, design aspects that appear authentic, and claims of holding a official license, all intended to present an initial perception of credibility.

Step 3: Data Gathering

To redeem their prizes, users must deliberately sign up on Bitxeq and get prompts to provide sensitive and private information throughout the enrollment process. This includes linking their cryptocurrency wallets, sharing email addresses, specifying phone numbers, submitting identification papers, and more.

Step 4: Requesting funds

Once signed up, users observe substantial amounts of cryptocurrency, valued at thousands of dollars, within their Bitxeq wallets. Nonetheless, as it usually happens with such incentives, you can’t withdraw them ahead of making a deposit. Normally, a payment of $100 is asked to withdraw the sign-up bonus. This condition serves as the trap that eventually leads to the money loss.

Step 5: Disappear

The moment the deposit is sent, the fraudsters halt all interaction. They move forward to restrict users, delete accounts, and abscond with both the deposited capital and essential individual information. The fictitious rewards remain perpetually uncredited, as they lack actual existence. They function purely as a phishing strategy. This technique forms the foundation for the fraudsters’ capability to mislead victims and misappropriate hard-earned funds through their duplicative online crypto scam.

Signs of Scam

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

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

What Should I do as a Victim?

If you had to deal with Bitxeq 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 duration of the fraud, its masters may get in touch with you with specific files. Alternatively, they may offer you to set up “cryptocurrency wallet applications” or “browser extensions” to simplify access to your cryptocurrency savings. As we previously determined, these deceivers have no intent of giving back your money. So, what can these email messages and browser plugins represent? You guessed it right – that is another element of the deceptive plan designed to throw you into willingly installing malicious applications onto your device.

Both extensions and files attached to emails can act as a carrier for various malware. In this scenario, I expect the presence of spyware and stealers among all kinds of malicious programs. While it is not obligatory for scammers to distribute malware, the likelihood is always existent. As noted, their ethics is of no concern, and their dignity is already deeply compromised. They have no principles to lose and strive 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 Bitxeq

Name: Bitxeq

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