Is Cryptoxet Legit or Another Scam? The Truth Revealed

Recently, Cryptoxet.com website appeared, promoting itself as a place to store cryptocurrency and other assets securely. I managed to gather credible supporting information that unmistakably indicates it is, in fact, a scam platform.

Contrary to the assertions of Cryptoxet.com, they won’t pay off your money. Regardless of the money displayed in the “member area”, there is absolutely no ability to take out even a single coin. All promises regarding crypto rewards 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.

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.

Cryptoxet Scam Overview

The main feature that Cryptoxet aims to provide is a safe and user-friendly cryptocurrency wallet service. The website promises crypto exchange solutions, tools for controlling wallets, transfers, dashboards, and the like. In truth, they try to emulate the functionality of a crypto trading platform, akin to Binance or Coinbase. However, it in actuality solely serves as a cover needed to lull the vigilance.

Cryptoxet Scam

To begin with, Cryptoxet reproduces the appearance of multiple equivalent websites. There are quite a few examples, like Elonbitex, Fezorex or Gutoxe. They are totally identical in terms of visual elements, with slight discrepancies in the website header. Other details, and sometimes even crypto wallet addresses, are unchanged. Most likely, all these deceptive websites are led by the same group of fraudsters.

Cryptocurrency Scam Summary

How the Cryptoxet Scam Works?

Cryptoxet is yet another online platform within a wide-ranging network of interconnected crypto scam platforms. The administrators employ diverse brand identities and websites, like Cryptoxet.com, to ensnare victims. Nevertheless, these false sites have in common identical designs, terms of service, and About information. This unveils their origins as a part of the identical scam network, which endorses the same form of deception under diverse covers. The scammers merely duplicate the equal deceptive website under various names to deceive users into thinking they are enrolling a new platform. However, in reality, it’s the equal group of swindlers orchestrating the deceptive commitments and efforts to seize deposited cryptocurrency. The managers shrewdly utilize psychological maneuvers and enticing propositions to implement their unscrupulous schemes.

Step 1: Spreading

To begin the fraud, criminals create and fill accounts on well-liked social media platforms. They generally target Facebook, Instagram, Twitter, and TikTok. Subsequently, the marketing campaign starts. Employing bots and sponsored advertisements (when feasible), scam actors intensify the exposure of their fraudulent activities to possible victims. This tactic permits them to cast an extensive net and engage with their targeted audience. The public typically consists of cryptocurrency enthusiasts looking for chances to generate profits.

Users get an encouragement to sign up, enticed by the promise of receiving crypto benefits valued at hundreds of dollars, all free of charge. To augment the appeal of the offer, fake claims of sponsorship by a celebrity are incorporated. As you may guess, these claims are entirely baseless.

Step 2: Gaining Traffic

Individuals who show interest check out Cryptoxet.com via links included in advertisements or robotic posts. The site employs captivating visuals, design aspects that appear authentic, and claims of possessing a official license, all aimed to project an initial perception of reliability.

Step 3: Data Gathering

To collect their benefits, users are required to actively sign up on Cryptoxet and get instructions to provide sensitive and personal data during the registration process. This includes linking their cryptocurrency wallets, providing email addresses, specifying phone numbers, furnishing identification papers, and more.

Step 4: Requesting funds

Once enrolled, users observe considerable amounts of cryptocurrency, valued at thousands of dollars, within their Cryptoxet wallets. Nevertheless, as is typical with such bonuses, you are unable to withdraw them prior to topping up your account. Usually, a deposit of $100 is asked to access the sign-up bonus. This stipulation serves as the enticement that eventually results to the money loss.

Step 5: Disappear

The instant the payment is sent, the fraudsters halt all communication. They proceed to block users, delete accounts, and disappear with both the submitted money and vital private information. The fictitious prizes continue to be perpetually uncredited, as they lack actual existence. They act exclusively as a deceptive ploy. This method forms the foundation for the fraudsters’ ability to mislead victims and embezzle hard-earned funds through their duplicative online crypto scheme.

Signs of Scam

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

• Unsubstantiated Credibility. Cryptoxet 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%, Cryptoxet exploits the longing for quick profits. However, such gains are unrealistic within the volatile cryptocurrency landscape, unequivocally identifying Cryptoxet as a scam.
• Dubious Corporate Information. Cryptoxet 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. Cryptoxet.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. Cryptoxet 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 Cryptoxet 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 the scam to authorities. Search for local authorities responsible for financial frauds, and also notify wallet providers and social networks via their tech support. It is essential to make the further operations of these scammers much harder.
• Tell your close friends. That step is similar to reporting to the authorities, and has similar effects. By posting info about scam crypto service, you decrease the pool of people they can fool.
• Get evidence. Screenshot or save all the information related to the website. URL, screenshot of a main page, login window, EULA, account top-up menu, wallet addresses – all these things may be useful for authorities to find the scammers.
• Check whether you can ask for a refund. As I’ve said above, crypto payments do not fall under refund policies in most banks. Nonetheless, in some circumstances, it is still possible. Never lose hope until you actually confirm it is gone.
• Make your mistake your lesson. Financial losses are always a reason for frustration, but let’s imagine it was a pay for scam revealing courses. Remember the key features of these crypto scam sites, the way they attract people and what they promise. In the future, you will easily recognize a trap of spending no money.

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 fraud, its masters may get in touch with you with particular documents. Alternatively, they may suggest you to deploy “cryptocurrency wallet applications” or “browser extensions” to simplify access to your cryptocurrency funds. As we earlier figured out, these deceivers have no intent of giving back your money. So, what do these messages and browser add-ons represent? You guessed – this is another side of the scam designed to throw you into deliberately installing destructive software onto your device.

Both plugins and attachments added to email messages can act as a shell for different malicious software. In this case, I expect the presence of spyware and stealers among all types of malware. While it is not obligatory for scammers to distribute malware, the likelihood is always significant. As noted, their ethics is of negligible importance, and their reputation is already severely tarnished. They have nothing to give up and strive 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 Cryptoxet

Name: Cryptoxet

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

Operating System: All

Application Category: Crypto Scams

Sending

User Review

3.8 (5 votes)

Comments Rating 0 (0 reviews)