We Looked Into Cryptoverum: Scam or Trustworthy? The Verdict

Recently, Cryptoverum.com site appeared, promoting itself as a platform to store cryptocurrency and other assets securely. I managed to gather credible supporting information that unmistakably indicates it is, actually, a deceptive platform.

Contrary to the assertions of Cryptoverum.com, they won’t ever give back your capital. Regardless of the money displayed in the “member area”, there is absolutely no ability to take out even a single coin. All pledges regarding crypto rewards are empty as well.

Cryptoverum Scam Overview

The primary offering that Cryptoverum attempts to provide is a secure and user-friendly cryptocurrency wallet service. The site promises crypto exchange services, tools for handling wallets, transfers, dashboards, and the like. In truth, they try to emulate the functionality of a crypto exchange, like Binance or Coinbase. However, it in actuality solely serves as a shell needed to lull the vigilance.

Cryptoverum Scam

Initially, Cryptoverum reproduces the layout of numerous similar online platforms. There are quite a few examples, like Fx, Nice or Bmnetworkfx. They are totally indistinguishable in terms of visual elements, with minor discrepancies in the webpage header. Other details, and sometimes even crypto wallet addresses, are identical. Presumably, all these deceptive sites are operated by a single gang of frauds.

Cryptocurrency Scam Summary

How the Cryptoverum Scam Works?

Cryptoverum is yet another online platform within a wide-ranging network of linked crypto scam webpages. The managers employ various brand titles and websites, like Cryptoverum.com, to capture victims. Nevertheless, these fraudulent sites possess the same website designs, terms of service, and About Us information. This unveils their origins as parts of the same scam network, which promotes the similar mode of fraud under different covers. The deceivers simply duplicate the identical fraudulent site under different names to deceive users into assuming they are participating in a fresh venture. However, in reality, it’s the same system of scammers orchestrating the deceptive promises and undertakings to grab deposited funds. The managers shrewdly employ psychological strategies and appealing invitations to carry out their dishonest plots.

Step 1: Spreading

To start the fraud, criminals create and fill accounts on well-liked social media platforms. They primarily aim at Facebook, Instagram, Twitter, and TikTok. Subsequently, the promotional campaign starts. Using bots and paid advertisements (when feasible), scam actors intensify the visibility of their scam activities to possible victims. This tactic permits them to cast an extensive net and connect with their focused audience. The latter typically consists of cryptocurrency enthusiastic individuals seeking chances to generate profits.

Users get an encouragement to enroll, enticed by the commitment of receiving crypto benefits valued at hundreds of dollars, all free of charge. To increase the appeal 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

People who show interest check out Cryptoverum.com via links present in promotions or bot-generated posts. The webpage employs captivating visuals, design features that appear authentic, and claims of possessing a valid license, all aimed to present an initial image of reliability.

Step 3: Data Gathering

To collect their rewards, users need to actively set up an profile on Cryptoverum and get guidance to submit sensitive and private information throughout the registration procedure. This comprises linking their cryptocurrency wallets, sharing email addresses, supplying phone numbers, submitting identification papers, and the like.

Step 4: Requesting funds

Once enrolled, users observe significant amounts of cryptocurrency, valued at hundreds of dollars, within their Cryptoverum wallets. Nevertheless, as it usually happens with such rewards, you are unable to withdraw them prior to making a deposit. Normally, a funds transfer of $100 is required to withdraw the sign-up bonus. This prerequisite serves as the trap that eventually results to the money loss.

Step 5: Disappear

The moment the payment is submitted, the fraudsters halt all communication. They go ahead to bar users, delete accounts, and disappear with both the transferred money and critical personal details. The fictitious prizes continue to be perpetually uncredited, as they lack actual existence. They function purely as a fraudulent ploy. This technique forms the foundation for the deceivers’ capability to mislead victims and misappropriate hard-earned funds through their double-dealing web crypto scam.

Signs of Scam

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

• False Celebrity Sponsorship. Cryptoverum often resorts to fake endorsements from celebrities such as Elon Musk, Jeff Bezos, Mr. Beast, and Mark Zuckerberg. This fraudulent tactic extends to claiming partnerships with reputable companies like Coinbase, Binance, or MetaMask, despite lacking any genuine affiliations.
• Cryptocurrency-Only Payments. Cryptoverum.com exclusively accepts payments in cryptocurrencies, rejecting traditional bank transfers and other methods. This approach not only masks the company’s identity but also eliminates the possibility of seeking refunds.
• Dubious Company Information. Cryptoverum raises suspicion by withholding essential ownership, location, and registration details. Furthermore, the absence of legitimate contact information and the recent establishment of domain and social media pages intensify skepticism.
• Unsubstantiated Hype. Cryptoverum.com employs groundless hype tactics, fabricating events like securing contracts with Coinbase or receiving endorsements from Elon Musk. These manipulative techniques aim to instill false confidence and encourage further investments.
• Potential Pyramid Scheme. The scam relies on a structure resembling a Ponzi scheme, leveraging a referral system spread through social media. However, only initial participants benefit, often at the expense of subsequent investors.
• Implausible Claims. Promising returns of 50-100-200%, Cryptoverum preys on the desire for quick profits. Yet, the volatile nature of the cryptocurrency market makes such gains highly unlikely, definitively labeling Cryptoverum as a scam.

What Should I do as a Victim?

If you had to deal with Cryptoverum 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 timeline of the scam, fraudsters may reach out to you with specific documents. Alternatively, they may offer you to install “cryptocurrency wallet applications” or “browser extensions” to facilitate access to your crypto savings. As we earlier determined, these scoundrels have no intention of giving back your money. So, what do these messages and browser extensions represent? You guessed – that is another side of the fraudulent scheme designed to throw you into deliberately running destructive programs onto your system.

Both plugins and attachments attached to emails can function as a carrier for diverse malicious code. In this situation, I expect the presence of spyware and stealers among all forms of malware. While it is not mandatory for scammers to distribute malware, the chance is always greater than zero. As stated, their morality is of negligible importance, and their reputation is already deeply compromised. They have no principles to lose and aim 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 Cryptoverum

Name: Cryptoverum

Description: Cryptocurrency scams continue to increase as digital assets achieve mainstream adoption. A recent example of such a scam involves Cryptoverum, a fraudulent crypto exchange that entices victims with promises of free crypto giveaways. This detailed article will extensively examine the operations of the Cryptoverum scam, techniques for recognizing it, and, most crucially, ways to evade becoming a victim.

Operating System: All

Application Category: Crypto Scams

Sending

User Review

4.5 (6 votes)

Comments Rating 0 (0 reviews)