Coinorax.com Reviewed: Legit or Total Ripoff? Read This First

Recently, Coinorax.com site popped up, promoting itself as a place where you can safely store cryptocurrency and other assets. I managed to gather credible evidence that unmistakably reveals it is, in truth, a fraudulent service.

Despite what Coinorax site says, they won’t pay off your money. Even though the numbers displayed in the “member area”, there is absolutely no means to take out even a single coin. All promises regarding crypto incentives 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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Coinorax Scam Overview

The primary feature that Coinorax attempts to provide is a protected and user-friendly crypto wallet service. The site promises exchange facilities, tools for handling wallets, transfers, dashboards, and the like. In truth, they try to emulate the functionality of a crypto exchange, akin to Binance or Coinbase. However, it in actuality solely serves as a cover intended to lull the vigilance.

Coinorax Scam

Initially, Coinorax imitates the layout of multiple similar online platforms. There are quite a few examples, like Bylonex, Bybitlux or Bitrels. They are totally indistinguishable in terms of graphic elements, with minor discrepancies in the website header. Other details, and at times even crypto wallet addresses, are identical. Most likely, all these scam sites are led by a single group of scammers.

Cryptocurrency Scam Summary

How the Coinorax Scam Works?

Coinorax is yet another website within a wide-ranging network of linked crypto deceptive sites. The managers utilize different brand titles and websites, like Coinorax.com, to ensnare victims. Nevertheless, these fraudulent websites share identical designs, terms of service, and About Us information. This reveals their sources as parts of the identical scam network, which promotes the same type of fraud under different disguises. The fraudsters merely copy the same deceptive website under different names to mislead users into believing they are participating in a new venture. However, in reality, it’s the identical system of swindlers orchestrating the deceptive pledges and undertakings to grab deposited cryptocurrency. The administrators skillfully make use of psychological tactics and appealing offers to execute their dishonest plots.

Step 1: Spreading

To start the deceptive scheme, criminals create and fill accounts on well-liked social media platforms. They mainly target Facebook, Instagram, Twitter, and TikTok. Subsequently, the marketing campaign starts. Using bots and sponsored promotions (when possible), fraud actors boost the presence of their fraudulent activities to possible victims. This strategy allows them to cast an extensive net and interact with their aimed viewers. This group usually comprises of cryptocurrency fans seeking chances to make profits.

Users obtain an encouragement to sign up, attracted by the commitment of obtaining crypto prizes valued at hundreds of dollars, all for free. To augment the attractiveness of the offer, fake claims of cooperation with a celebrity are incorporated. As you may guess, these claims are entirely baseless.

Step 2: Gaining Traffic

People who show interest go to Coinorax.com via links featured in promotions or bot-generated posts. The site uses captivating visuals, design aspects that appear authentic, and claims of having a official license, all designed to convey an initial perception of reliability.

Step 3: Data Gathering

To collect their rewards, users are required to proactively create an account on Coinorax and receive instructions to provide sensitive and personal data during the enrollment process. This comprises linking their cryptocurrency wallets, providing email addresses, supplying phone numbers, furnishing identification papers, and the like.

Step 4: Requesting funds

Once signed up, users observe significant amounts of cryptocurrency, valued at thousands of dollars, within their Coinorax wallets. Nonetheless, as is standard with such rewards, you can’t withdraw them prior to topping up your account. Usually, a funds transfer of $100 is required 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 funds transfer is sent, the deceivers cease all communication. They proceed to block users, remove accounts, and abscond with both the submitted money and essential private information. The fictitious rewards remain perpetually uncredited, as they lack genuine existence. They act solely as a phishing maneuver. This approach forms the foundation for the deceivers’ capacity to mislead victims and misappropriate hard-earned funds through their deceptive online crypto scam.

Signs of Scam

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

• Absent company details. Coinorax 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 Coinorax 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 Coinorax, 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 Coinorax is a definite scam.

What Should I do as a Victim?

If you had to deal with Coinorax 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 duration of the fraud, rascals may get in touch with you with specific files. Alternatively, they may offer you to deploy “cryptocurrency wallet applications” or “browser extensions” to simplify access to your crypto assets. As we earlier figured out, these deceivers have no intention of giving back your capital. So, what can these emails and browser plugins represent? Correct – this is another element of the scam designed to entice you into willingly installing harmful software onto your system.

Both extensions and files added to emails can function as a shell for various malware. In this case, I anticipate the presence of spyware and stealers among other forms of malware. While it is not mandatory for scammers to distribute malware, the probability is always existent. As noted, their morality is of little concern, and their dignity is already neck deep in mud. They have nothing to lose and aim to boost revenues.

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.

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