The Chairspacex Scam – What You Need To Know

Recently, Chairspacex.com site appeared, promoting itself as a place to store cryptocurrency and other assets safely. I managed to gather credible supporting information that unmistakably reveals it is, in fact, a deceptive site.

Despite what Chairspacex site says, they won’t ever return your money. Despite the money displayed in the “member area”, there is absolutely no way to withdraw even a single coin. All promises 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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Chairspacex Scam Overview

The key offering that Chairspacex aims to provide is a safe and convenient cryptocurrency wallet service. The website pledges exchange solutions, tools for managing wallets, transfers, dashboards, and similar stuff. In reality, they endeavor to emulate the functionality of a crypto trading platform, like Binance or Coinbase. However, it in actuality only serves as a shell needed to deceive the cautious.

Chairspacex Scam

First and foremost, Chairspacex mimics the layout of many similar websites. There are quite a few examples, like Votodex, Fordnex or Truespacex. They are entirely undistinguishable in terms of graphic elements, with minor discrepancies in the website header. Other particulars, and at times even crypto wallet addresses, are unchanged. Most likely, all these scam websites are managed by a single group of swindrels.

Cryptocurrency Scam Summary

How the Chairspacex Scam Works?

Chairspacex is yet another website within a vast network of linked crypto deceptive sites. The administrators employ diverse brand names and websites, like Chairspacex.com, to trap victims. However, these fraudulent websites possess matching website designs, terms of service, and About information. This unveils their beginnings as a part of the same fraudulent network, which endorses the identical type of scam under different covers. The deceivers merely copy the equal scam site under different names to deceive users into thinking they are enrolling a new venture. However, in actuality, it’s the equal system of scammers orchestrating the fraudulent commitments and efforts to seize deposited funds. The administrators cleverly employ psychological maneuvers and captivating propositions to execute their dishonest schemes.

Step 1: Spreading

To start the fraud, criminals establish and fill accounts on popular social media platforms. They generally focus on Facebook, Instagram, Twitter, and TikTok. Subsequently, the marketing campaign begins. Using bots and paid advertisements (when achievable), fraud actors boost the exposure of their fraudulent activities to possible victims. This strategy allows them to cast a broad net and connect with their aimed viewers. This audience commonly comprises of cryptocurrency enthusiastic individuals seeking prospects to generate profits.

Users get a stimulus to sign up, enticed by the promise of obtaining crypto prizes valued at thousands of dollars, all without cost. To increase the attractiveness of the offer, false claims of sponsorship by a celebrity are incorporated. As you may guess, these claims are entirely baseless.

Step 2: Gaining Traffic

Users who demonstrate interest visit Chairspacex.com via links included in promotions or bot-generated posts. The website employs captivating visuals, design aspects that appear genuine, and assertions of possessing a legitimate license, all intended to project an initial image of trustworthiness.

Step 3: Data Gathering

To redeem their benefits, users are required to deliberately sign up on Chairspacex and get instructions to provide sensitive and personal information throughout the sign-up process. This includes linking their cryptocurrency wallets, revealing email addresses, supplying phone numbers, sending in identification documents, and more.

Step 4: Requesting funds

Once registered, users observe substantial amounts of cryptocurrency, valued at thousands of dollars, within their Chairspacex wallets. Nevertheless, as it usually happens with such rewards, you are unable to withdraw them prior to making a deposit. Typically, a funds transfer of $100 is required to withdraw the sign-up bonus. This prerequisite serves as the snare that eventually leads to the money loss.

Step 5: Disappear

The point in time the deposit is made, the deceivers cease all communication. They proceed to bar users, delete accounts, and abscond with both the transferred money and essential individual information. The phony benefits continue to be perpetually uncredited, as they lack actual existence. They function purely as a deceptive ploy. This method forms the foundation for the fraudsters’ capability to deceive victims and embezzle hard-earned money through their duplicative online crypto scheme.

Signs of Scam

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

• Unsubstantiated Credibility. Chairspacex 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%, Chairspacex exploits the longing for quick profits. However, such gains are unrealistic within the volatile cryptocurrency landscape, unequivocally identifying Chairspacex as a scam.
• Dubious Corporate Information. Chairspacex 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. Chairspacex.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. Chairspacex 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 Chairspacex 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 to Authorities. Your initial action should involve reporting the scam to local authorities responsible for addressing financial fraud. Additionally, reach out to wallet providers and engage with the technical support teams of social networks. This collective effort raises the bar for the scammers’ operations.
• Inform Your Inner Circle. Extend your impact by sharing information about the scam with your close friends. Similar to notifying authorities, this dissemination of details curbs the scammers’ potential to deceive.
• Document the Trail. Assemble a comprehensive record by capturing screenshots and archiving all relevant website-related data. This encompasses the website URL, screenshots of the main page, login interface, end-user license agreement (EULA), account top-up menu, and wallet addresses. These materials offer invaluable leads for authorities in their pursuit of the scammers.
• Explore Refund Possibilities. While cryptocurrency payments may not typically align with traditional bank refund policies, it’s worthwhile to explore potential refund avenues under specific circumstances. Maintain a positive outlook until you secure confirmation of the loss.
• Transform Loss into Insight. Shift your focus from the financial loss to gaining wisdom. Consider your loss as an investment in comprehending the tactics employed by crypto scam sites. Familiarize yourself with their distinctive traits, the methods they employ to entice individuals, and the extravagant pledges they make. This knowledge equips you to recognize and avoid future traps, minimizing the risk of enduring further 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 scam, its actors may reach out to you with particular files. Alternatively, they may propose you to deploy “cryptocurrency wallet applications” or “browser extensions” to streamline access to your cryptocurrency savings. As we earlier figured out, these rascals have no intent of returning your money. So, what can these messages and browser extensions represent? Correct – that is another component of the fraudulent scheme designed to entice you into deliberately installing harmful programs onto your device.

Both plugins and attachments added to emails can function as a carrier for different malicious software. In this case, I expect the presence of spyware and stealers among all forms of threats. While it is not obligatory for scammers to distribute malware, the chance is always greater than zero. As noted, their conscience is of no concern, and their dignity is already severely tarnished. They have nothing to lose and intend to maximize 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 Chairspacex

Name: Chairspacex

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