We Investigated Bloxvest: Legit or Scam? The Facts

Recently, Bloxvest.com site surfaced, promoting itself as a place to store cryptocurrency and other assets safely. I managed to gather credible evidence that clearly reveals it is, in truth, a deceptive service.

Despite what Bloxvest site states, they won’t ever pay off your capital. Even though the figures displayed in the “member area”, there is no way to withdraw even a cent. All pledges regarding crypto incentives are empty as well.

It is better to prevent, than repair and repent!

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Bloxvest Scam Overview

The main service that Bloxvest attempts to provide is a safe and user-friendly cryptocurrency wallet service. The website promises crypto exchange services, tools for handling wallets, transfers, dashboards, and alike functions. In truth, they try to emulate the functionality of a crypto trading platform, like Binance or Coinbase. However, it in actuality only serves as a cover needed to lull the vigilance.

Bloxvest Scam

Initially, Bloxvest reproduces the layout of multiple similar online platforms. There are quite a few examples, like Decoinfx, Freeglobaltrade or Bitbeast. They are entirely undistinguishable in terms of visual elements, with small discrepancies in the website header. Other specific elements, and sometimes even crypto wallet addresses, are matching. Probably, all these fraudulent sites are managed by a single team of fraudsters.

Cryptocurrency Scam Summary

How the Bloxvest Scam Works?

Bloxvest is yet another website within a vast network of linked crypto scam platforms. The operators utilize different brand identities and sites, like Bloxvest.com, to trap victims. Nonetheless, these false websites possess matching website designs, terms of service, and About Us content. This reveals their beginnings as components of the equal fraudulent network, which endorses the similar type of fraud under diverse covers. The deceivers merely replicate the identical fraudulent site under different names to deceive users into believing they are joining a fresh venture. However, in actuality, it’s the equal system of scammers orchestrating the misleading promises and undertakings to grab deposited funds. The managers shrewdly employ psychological strategies and appealing offers to implement their unscrupulous schemes.

Step 1: Spreading

To start the deceptive scheme, criminals set up and fill accounts on well-liked social media platforms. They primarily focus on Facebook, Instagram, Twitter, and TikTok. Subsequently, the promotional campaign starts. Utilizing bots and sponsored ads (when feasible), fraud actors intensify the visibility of their deceptive activities to possible victims. This strategy permits them to create an extensive net and connect with their focused spectators. The public usually consists of cryptocurrency enthusiastic individuals seeking chances to generate profits.

Users get an encouragement to sign up, drawn by the assurance of obtaining crypto prizes valued at hundreds of dollars, all free of charge. To increase the appeal of the offer, fake claims of cooperation with a celebrity are added. As you may guess, these assertions are entirely baseless.

Step 2: Gaining Traffic

Individuals who demonstrate interest go to Bloxvest.com via links featured in promotions or robotic posts. The website utilizes captivating visuals, design aspects that appear authentic, and claims of holding a official license, all designed to convey an initial image of reliability.

Step 3: Data Gathering

To redeem their rewards, users must proactively sign up on Bloxvest and get guidance to provide sensitive and personal information throughout the registration procedure. This includes linking their cryptocurrency wallets, revealing email addresses, specifying phone numbers, furnishing identification papers, and the like.

Step 4: Requesting funds

Once enrolled, users witness considerable amounts of cryptocurrency, valued at hundreds of dollars, within their Bloxvest wallets. However, as it usually happens with such bonuses, you are unable to withdraw them prior to topping up your account. Normally, a funds transfer of $100 is asked to withdraw the sign-up bonus. This condition serves as the snare that ultimately results to the money loss.

Step 5: Disappear

The instant the funds transfer is made, the fraudsters terminate all contact. They go ahead to bar users, delete accounts, and vanish with both the submitted capital and critical individual details. The phony prizes persist perpetually uncredited, as they lack real existence. They operate exclusively as a deceptive strategy. This technique forms the foundation for the deceivers’ ability to deceive victims and steal hard-earned funds through their deceptive online crypto scam.

Signs of Scam

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

• Unsubstantiated Credibility. Bloxvest 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%, Bloxvest exploits the longing for quick profits. However, such gains are unrealistic within the volatile cryptocurrency landscape, unequivocally identifying Bloxvest as a scam.
• Dubious Corporate Information. Bloxvest 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. Bloxvest.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. Bloxvest 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 Bloxvest 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 scam, its masters may reach out to you with specific documents. Alternatively, they may propose you to set up “cryptocurrency wallet applications” or “browser extensions” to facilitate access to your cryptocurrency funds. As we already figured out, these deceivers have no intention of returning your money. So, what can these messages and browser extensions represent? You guessed – this is another component of the deceptive plan designed to throw you into deliberately installing harmful programs onto your computer.

Both extensions and attachments included to emails can serve as a carrier for diverse malicious code. In this scenario, I foresee 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 noted, their morality is of no concern, and their reputation is already seriously marred. They have no principles to lose and intend 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 Bloxvest

Name: Bloxvest

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