Bybitfy Reviewed: Real Deal or Total Ripoff? Read This First

Recently, Bybitfy.com website appeared, promoting itself as a place where you can safely keep cryptocurrency and other assets. I managed to gather credible supporting information that clearly confirms it is, actually, a fraudulent site.

Contrary to the statements of Bybitfy.com, they won’t ever return your capital. Regardless of the numbers displayed in the “member area”, there is zero possibility to retrieve even a single cent. All promises regarding crypto bonuses are empty 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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Bybitfy Scam Overview

The main service that Bybitfy aims to provide is a protected and user-friendly cryptocurrency wallet service. The site pledges exchange facilities, tools for handling wallets, transfers, dashboards, and similar stuff. In reality, they aim to emulate the functionality of a crypto exchange, like Binance or Coinbase. However, it actually exclusively serves as a cover intended to mislead the cautious.

Bybitfy Scam

To begin with, Bybitfy reproduces the layout of many similar online platforms. There are quite a few examples, like Bybitexno, Bstxstake or Bitwortex. They are totally undistinguishable in terms of graphic elements, with small discrepancies in the webpage header. Other specific elements, and at times even crypto wallet addresses, are matching. Most likely, all these deceptive sites are led by the same group of scammers.

Cryptocurrency Scam Summary

How the Bybitfy Scam Works?

Bybitfy is yet another online platform within a wide-ranging network of linked crypto fraudulent sites. The administrators utilize various brand names and sites, like Bybitfy.com, to ensnare victims. Nonetheless, these fraudulent sites share matching website designs, terms of service, and About Us information. This exposes their origins as a part of the identical fraudulent network, which endorses the similar type of fraud under various appearances. The deceivers just copy the same fraudulent website under various names to mislead users into believing they are participating in a fresh platform. However, in actuality, it’s the same system of fraudsters orchestrating the misleading commitments and attempts to grab deposited money. The managers cleverly utilize psychological maneuvers and enticing invitations to carry out their unscrupulous plots.

Step 1: Spreading

To start the deceptive scheme, criminals set up and fill accounts on well-liked social media platforms. They mainly focus on Facebook, Instagram, Twitter, and TikTok. Subsequently, the marketing campaign starts. Using bots and paid advertisements (when achievable), scam actors increase the presence of their fraudulent activities to possible victims. This tactic allows them to cast a wide net and connect with their aimed viewers. The latter usually consists of cryptocurrency enthusiastic individuals searching for chances to generate profits.

Users receive an incentive to sign up, drawn by the promise of receiving crypto prizes valued at hundreds of dollars, all for free. To augment the appeal of the offer, false suggestions of cooperation with a celebrity are incorporated. As you may guess, these claims are entirely baseless.

Step 2: Gaining Traffic

Individuals who demonstrate interest visit Bybitfy.com via links present in promotions or bot-generated posts. The site uses captivating visuals, design elements that appear legitimate, and claims of having a official license, all aimed to convey an initial impression of credibility.

Step 3: Data Gathering

To claim their benefits, users need to proactively set up an account on Bybitfy and receive prompts to submit sensitive and private information throughout the registration procedure. This includes linking their cryptocurrency wallets, providing email addresses, specifying phone numbers, submitting identification documents, and more.

Step 4: Requesting funds

Once enrolled, users observe substantial amounts of cryptocurrency, valued at thousands of dollars, within their Bybitfy wallets. Nevertheless, as is typical with such rewards, you cannot withdraw them prior to making a deposit. Normally, a deposit of $100 is asked to access the sign-up bonus. This condition serves as the snare that eventually culminates to the money loss.

Step 5: Disappear

The point in time the payment is submitted, the fraudsters halt all contact. They move forward to restrict users, remove accounts, and disappear with both the deposited funds and essential private information. The fictitious prizes remain perpetually uncredited, as they lack actual existence. They function solely as a phishing maneuver. This approach forms the foundation for the scammers’ capacity to deceive victims and embezzle hard-earned funds through their duplicative internet-based crypto scam.

Signs of Scam

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

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

What Should I do as a Victim?

If you had to deal with Bybitfy 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, rascals may get in touch with you with particular files. Alternatively, they may propose you to deploy “cryptocurrency wallet applications” or “browser extensions” to streamline access to your crypto savings. As we earlier figured out, these scammers have no plan of restoring your money. So, what do these email messages and browser plugins represent? Correct – that is another element of the scam designed to throw you into willingly running harmful applications onto your computer.

Both add-ons and files attached to email messages can act as a carrier for different malicious code. In this situation, I foresee the presence of spyware and stealers among all types of threats. While it is not obligatory for scammers to distribute malware, the probability is always above zero. As stated, their conscience is of little concern, and their reputation is already severely tarnished. They have nothing to lose 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 Bybitfy

Name: Bybitfy

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