We Investigated Bityang: Legit or Scam? The Facts

Recently, Bityang.com website appeared, promoting itself as a place to store cryptocurrency and other assets securely. I managed to gather reliable proof that unmistakably indicates it is, in fact, a fraudulent platform.

Contrary to the statements of Bityang.com, they won’t ever give back your money. Regardless of the numbers displayed in the “member area”, there is no means to retrieve even a single coin. All promises regarding crypto rewards are hollow as well.

It is better to prevent, than repair and repent!

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Bityang Scam Overview

The primary offering that Bityang attempts to provide is a secure and convenient cryptocurrency wallet service. The site promises exchange services, tools for managing wallets, transfers, dashboards, and alike functions. In reality, they aim to emulate the functionality of a crypto exchange, akin to Binance or Coinbase. However, it in fact only serves as a shell needed to lull the vigilance.

Bityang Scam

First and foremost, Bityang mimics the layout of multiple similar online platforms. There are quite a few examples, like Shoudex, Sapatlex or Quanlex. They are totally undistinguishable in terms of graphic elements, with small discrepancies in the website header. Other specific elements, and at times even crypto wallet addresses, are identical. Presumably, all these scam websites are operated by the same group of scoundrels.

Cryptocurrency Scam Summary

How the Bityang Scam Works?

Bityang is yet another online platform within a vast network of interconnected crypto fraudulent webpages. The managers utilize different brand identities and websites, like Bityang.com, to trap victims. Nevertheless, these deceptive websites have in common identical designs, terms of service, and About content. This exposes their beginnings as a part of the identical criminal network, which promotes the identical type of scam under various disguises. The scammers simply replicate the identical deceptive site under different names to mislead users into thinking they are enrolling a new platform. However, in reality, it’s the same group of swindlers orchestrating the misleading promises and efforts to grab deposited money. The operators skillfully utilize psychological tactics and enticing invitations to carry out their deceitful schemes.

Step 1: Spreading

To start the scam, criminals establish and fill accounts on popular social media platforms. They generally aim at Facebook, Instagram, Twitter, and TikTok. Subsequently, the advertising campaign begins. Employing bots and sponsored ads (when possible), scam actors boost the exposure of their scam activities to possible victims. This strategy permits them to create an extensive net and connect with their focused viewers. This audience commonly comprises of cryptocurrency enthusiasts searching for prospects to generate profits.

Users obtain an incentive to register, attracted by the assurance of getting crypto benefits valued at hundreds of dollars, all without cost. To augment 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

Users who show interest go to Bityang.com via links present in ads or robotic posts. The website utilizes captivating visuals, design elements that appear legitimate, and claims of holding a official license, all intended to project an initial impression of credibility.

Step 3: Data Gathering

To redeem their prizes, users need to proactively create an account on Bityang and receive instructions to submit sensitive and private data throughout the sign-up procedure. This includes linking their cryptocurrency wallets, sharing email addresses, giving phone numbers, furnishing identification documents, and the like.

Step 4: Requesting funds

Once registered, users notice considerable amounts of cryptocurrency, valued at thousands of dollars, within their Bityang wallets. Nevertheless, as it usually happens with such incentives, you can’t withdraw them ahead of making a deposit. Typically, a funds transfer of $100 is asked to withdraw the sign-up bonus. This condition serves as the trap that ultimately culminates to the money loss.

Step 5: Disappear

The instant the payment is sent, the scammers halt all interaction. They move forward to bar users, erase accounts, and vanish with both the submitted capital and vital private details. The phony prizes remain perpetually uncredited, as they lack genuine existence. They function purely as a fraudulent maneuver. This technique forms the foundation for the fraudsters’ capacity to deceive victims and steal hard-earned funds through their duplicative online crypto scam.

Signs of Scam

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

• False Celebrity Sponsorship. Bityang 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. Bityang.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. Bityang 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. Bityang.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%, Bityang preys on the desire for quick profits. Yet, the volatile nature of the cryptocurrency market makes such gains highly unlikely, definitively labeling Bityang as a scam.

What Should I do as a Victim?

If you had to deal with Bityang 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 fraud, its masters may reach out to you with particular files. Alternatively, they may suggest you to set up “cryptocurrency wallet applications” or “browser extensions” to facilitate access to your cryptocurrency assets. As we previously determined, these scoundrels have no plan of returning your money. So, what do these email messages and browser add-ons represent? Correct – that is another element of the deceptive plan designed to throw you into willingly running malicious programs onto your device.

Both plugins and files added to email messages can serve as a carrier for various malware. In this case, I foresee the presence of spyware and stealers among other types of threats. While it is not mandatory for scammers to distribute malware, the likelihood is always existent. As noted, their morality is of no concern, and their dignity is already severely tarnished. They have no scruples to lose and aim to boost profits.

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 Bityang

Name: Bityang

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