The BYBITLUX Scam – What You Need To Know

Recently, Bybitlux.com website surfaced, promoting itself as a place to store cryptocurrency and other assets securely. I managed to gather credible evidence that unmistakably indicates it is, actually, a scam service.

Contrary to the claims of Bybitlux.com, they will never return your money. Despite the money displayed in the “member area”, there is no means to withdraw even a single penny. All pledges 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.

DOWNLOAD NOW

Gridinsoft Anti-Malware 6-day trial available.
EULA | Privacy Policy | 10% Off Coupon

Subscribe to our Telegram channel to be the first to know about news and our exclusive materials on information security.

BYBITLUX Scam Overview

The key offering that BYBITLUX strives to provide is a safe and user-friendly cryptocurrency wallet service. The site pledges crypto exchange solutions, tools for handling wallets, transfers, dashboards, and similar functions. In fact, they try to emulate the functionality of a crypto trading platform, akin to Binance or Coinbase. However, it actually exclusively serves as a shell intended to fool the cautious.

BYBITLUX Scam

Initially, BYBITLUX mimics the design of many similar websites. There are quite a few examples, like Bitrels, Bitbifix or Paymiumodd. They are totally undistinguishable in terms of graphic elements, with small discrepancies in the site header. Other particulars, and sometimes even crypto wallet addresses, are the same. Most likely, all these deceptive sites are led by a single gang of fraudsters.

Cryptocurrency Scam Summary

How the BYBITLUX Scam Works?

BYBITLUX is yet another online platform within a vast network of interconnected crypto scam webpages. The operators employ different brand identities and websites, like Bybitlux.com, to capture victims. However, these false websites possess matching website designs, terms of service, and About content. This unveils their origins as a part of the identical scam network, which advocates the same form of fraud under diverse disguises. The fraudsters just replicate the same fraudulent site under different names to mislead users into believing they are joining a fresh venture. However, in actuality, it’s the same group of fraudsters orchestrating the misleading promises and efforts to grab deposited cryptocurrency. The administrators skillfully utilize psychological tactics and appealing invitations to implement their unscrupulous schemes.

Step 1: Spreading

To start the fraud, criminals create and fill accounts on popular social media platforms. They generally aim at Facebook, Instagram, Twitter, and TikTok. Subsequently, the marketing campaign commences. Employing bots and sponsored advertisements (when feasible), scam actors intensify the visibility of their scam activities to potential victims. This approach allows them to cast a broad net and connect with their aimed audience. This audience commonly consists of cryptocurrency enthusiastic individuals looking for opportunities to earn profits.

Users obtain an incentive to sign up, drawn by the promise of receiving crypto rewards valued at thousands of dollars, all free of charge. To enhance the attractiveness of the offer, fake suggestions of cooperation with a celebrity are incorporated. As you may guess, these assertions are completely baseless.

Step 2: Gaining Traffic

Users who express interest check out Bybitlux.com via links included in advertisements or robotic posts. The site employs captivating visuals, design aspects that appear genuine, and assertions of possessing a official license, all aimed to project an initial impression of reliability.

Step 3: Data Gathering

To collect their rewards, users must actively create an profile on BYBITLUX and get instructions to submit sensitive and private information throughout the sign-up procedure. This includes linking their cryptocurrency wallets, providing email addresses, giving phone numbers, sending in identification documents, and the like.

Step 4: Requesting funds

Once signed up, users witness considerable amounts of cryptocurrency, valued at hundreds of dollars, within their BYBITLUX wallets. Nonetheless, as is standard with such incentives, you cannot withdraw them prior to making a deposit. Typically, a funds transfer of $100 is asked to get the sign-up bonus. This condition serves as the trap that ultimately culminates to the money loss.

Step 5: Disappear

The point in time the payment is submitted, the fraudsters terminate all interaction. They proceed to bar users, erase accounts, and vanish with both the transferred funds and critical private details. The fabricated benefits continue to be perpetually uncredited, as they lack genuine existence. They act exclusively as a deceptive maneuver. This method forms the foundation for the fraudsters’ capability to trick victims and steal hard-earned earnings through their double-dealing web crypto scam.

Signs of Scam

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

• Absent company details. BYBITLUX does not provide any documentation about its ownership, location or registration. No legitimate contact details are given either. Moreover, it appears that the domain and all social network pages were registered quite recently.
• Fake sponsorship from a celebrity. Scams like BYBITLUX like to pick a celebrity as a sponsor of this entire campaign. For obvious reasons, fraudsters generally choose Elon Musk, Jeff Bezos, Mr. Beast, Mark Zuckerberg, and similar celebrities. They do not disdain claiming partnership with a company as well. Even though Coinbase, Binance or MetaMask never heard of BYBITLUX, they do not care – this creates a halo of credibility.
• Potential Ponzi Scheme. The scam relies on a Ponzi-like referral system to spread reach through social media. In fact, only the first members will receive the payoff, at the cost of the money brought by other members.
• Hype without facts. Frauds can cheer up their victims from time to time, using claims about non-existent events. “We got contracts with Coinbase”, “Elon Musk mentioned us as the most prolific crypto project” – you could likely hear something like that. This is made to make people believe in their money return. This can be the sauce to make people top-up their accounts once again.
• Crypto-only incoming payments. Whether the user tries to top-up the account, hackers will only accept payments in crypto – no bank transfers or other payment methods. Such an approach completely hides the identity of the company and deprives you of the ability to ask for a refund.
• Claims are too good to be true. Let’s be sane and sober: even in crypto space, there are not many places where you can earn 50-100-200%. Being able to participate in all of them is nearly impossible, as well as it is impossible to insure or hedge all the risks. Even by that reason alone I can tell that the BYBITLUX is a definite scam.

What Should I do as a Victim?

If you had to deal with BYBITLUX 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.

• Secure Your Actions. Begin by promptly reporting the scam to appropriate local authorities tasked with handling financial fraud. Notify wallet providers and engage with social networks’ technical support teams. By taking these measures, you contribute to making the scammers’ operations significantly more difficult.
• Expand Awareness. Extend your efforts by sharing the scam information with your close friends. This action has a parallel effect to reporting to the authorities, as disseminating details about fraudulent crypto services reduces the potential victims they can deceive.
• Gather Evidence. Preserve comprehensive evidence by capturing screenshots and saving all pertinent data linked to the deceptive website. Collect the URL, screenshots of the main page, login interface, end-user license agreement (EULA), account top-up menu, and wallet addresses. These materials could prove invaluable for authorities in their pursuit of the scammers.
• Explore Refund Possibilities. While cryptocurrency payments generally fall outside the scope of refund policies within most banks, it’s worth investigating the potential for a refund in specific circumstances. Maintain optimism until you definitively confirm the loss.
• Convert Mistake into Wisdom. Transform your financial setback into a valuable learning experience. Treat your loss as an investment in understanding the tactics of crypto scam sites. Familiarize yourself with their key characteristics, how they lure individuals, and the grandiose promises they make. Armed with this knowledge, you’ll be well-equipped to recognize and avoid falling into future traps without incurring further losses.

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 course of the scam, its masters may contact you with specific documents. Alternatively, they may suggest you to deploy “cryptocurrency wallet applications” or “browser extensions” to simplify access to your crypto savings. As we earlier determined, these rascals have no intention of returning your funds. So, what do these emails and browser extensions represent? You guessed – this is another side of the fraudulent scheme designed to throw you into deliberately running harmful programs onto your computer.

Both extensions and files included to email messages can act as a shell for different malicious software. In this scenario, I foresee the presence of spyware and stealers among all types of threats. While it is not obligatory for scammers to distribute malware, the chance is always greater than zero. As stated, their morality is of little concern, and their reputation is already deeply compromised. They have nothing to lose and strive 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