We Investigated Crysxbit: Legit or Scam? The Facts

Recently, Crysxbit.com service appeared, promoting itself as a platform to store cryptocurrency and other assets securely. I managed to gather credible supporting information that clearly indicates it is, in fact, a fraudulent platform.

Despite what Crysxbit site states, they won’t ever pay off your capital. Despite the money displayed in the “member area”, there is zero way to retrieve even a coin. All pledges regarding crypto rewards are hollow as well.

Crysxbit Scam Overview

The key feature that Crysxbit strives to provide is a protected and convenient crypto wallet service. The website pledges crypto exchange facilities, tools for handling wallets, transfers, dashboards, and the like. In fact, they try to emulate the functionality of a crypto marketplace, like Binance or Coinbase. However, it in fact solely serves as a shell needed to lull the vigilance.

Crysxbit Scam

Initially, Crysxbit mimics the design of multiple equivalent online platforms. There are quite a few examples, like Keoxcoin, Miltivrex or Panbitx. They are totally indistinguishable in terms of visual elements, with slight discrepancies in the webpage header. Other specific elements, and sometimes even crypto wallet addresses, are unchanged. Presumably, all these deceptive sites are operated by a single team of scammers.

Cryptocurrency Scam Summary

How the Crysxbit Scam Works?

Crysxbit is yet another online platform within a vast network of linked crypto fraudulent webpages. The managers utilize different brand identities and websites, like Crysxbit.com, to trap victims. Nevertheless, these deceptive websites have in common matching website designs, terms of service, and About information. This exposes their origins as parts of the identical scam network, which promotes the same mode of scam under different appearances. The scammers just replicate the equal deceptive site under various names to mislead users into assuming they are enrolling a new platform. However, in actuality, it’s the same system of fraudsters orchestrating the deceptive pledges and attempts to take deposited money. The operators cleverly employ psychological tactics and enticing propositions to execute their unscrupulous plans.

Step 1: Spreading

To begin the deceptive scheme, criminals establish and fill accounts on popular social media platforms. They generally focus on Facebook, Instagram, Twitter, and TikTok. Subsequently, the advertising campaign starts. Using bots and paid advertisements (when achievable), scam actors boost the presence of their scam activities to potential victims. This strategy enables them to create an extensive net and interact with their aimed spectators. The latter typically comprises of cryptocurrency enthusiasts seeking opportunities to earn profits. Here’s a usual example of a post on social networks:

Users get an incentive to sign up, enticed by the assurance of receiving crypto benefits valued at thousands of dollars, all without cost. 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

Users who express interest check out Crysxbit.com via links present in promotions or robotic posts. The site utilizes captivating visuals, design aspects that appear authentic, and claims of having a valid license, all intended to project an initial impression of credibility.

Step 3: Data Gathering

To redeem their rewards, users must actively set up an account on Crysxbit and receive prompts to submit sensitive and personal information throughout the sign-up procedure. This comprises linking their cryptocurrency wallets, sharing email addresses, supplying phone numbers, sending in identification documents, and more.

Step 4: Requesting funds

Once signed up, users notice considerable amounts of cryptocurrency, valued at thousands of dollars, within their Crysxbit wallets. Nevertheless, as is typical with such incentives, you cannot withdraw them ahead of topping up your account. Typically, a deposit of $100 is asked to withdraw the sign-up bonus. This stipulation serves as the snare that eventually culminates to the money loss.

Step 5: Disappear

The point in time the payment is submitted, the deceivers terminate all contact. They go ahead to bar users, remove accounts, and abscond with both the transferred funds and vital private details. The phony benefits continue to be perpetually uncredited, as they lack genuine existence. They act solely as a deceptive maneuver. This method forms the foundation for the scammers’ ability to trick victims and embezzle hard-earned money through their deceptive online crypto scheme.

Signs of Scam

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

• Unsubstantiated Credibility. Crysxbit 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%, Crysxbit exploits the longing for quick profits. However, such gains are unrealistic within the volatile cryptocurrency landscape, unequivocally identifying Crysxbit as a scam.
• Dubious Corporate Information. Crysxbit 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. Crysxbit.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. Crysxbit 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 Crysxbit 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.

• Immediate Reporting. Your initial step should involve promptly notifying local authorities specializing in financial fraud. Extend your reach by reaching out to wallet providers and engaging with social networks’ technical support teams. These actions serve to raise the bar for the scammers’ operations.
• Share among Friends. Amplify your efforts by informing your close friends about the scam. Similar to informing authorities, this dissemination of information restricts the scammers’ potential victim pool.
• Preserve Crucial Information. Compile a comprehensive evidence archive by capturing screenshots and archiving all relevant website-related data. Collect the website URL, screenshots of the main page, login interface, end-user license agreement (EULA), account top-up menu, and wallet addresses. These records could provide vital clues for authorities in their pursuit of the scammers.
• Exploring Refund Options. While most banks’ refund policies may exclude cryptocurrency payments, it’s advisable to explore potential refund avenues under specific circumstances. Maintain hope until you obtain confirmation of the loss.
• Transform Loss into Knowledge. Turn your financial setback into an opportunity for growth. View your loss as an investment in understanding the strategies employed by crypto scam sites. Familiarize yourself with their telltale characteristics, the methods they employ to entice individuals, and the extravagant promises they make. Equipped with this insight, you’ll be well-prepared to spot and evade future traps without suffering additional 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 fraud, its masters may contact you with specific documents. Alternatively, they may offer you to set up “cryptocurrency wallet applications” or “browser extensions” to facilitate access to your cryptocurrency funds. As we already determined, these scammers have no intent of restoring your capital. So, what can these messages and browser plugins represent? You guessed it right – this is another side of the fraudulent scheme designed to throw you into deliberately running harmful applications onto your device.

Both extensions and files attached to email messages can serve as a shell for different malicious software. In this scenario, I foresee the presence of spyware and stealers among all forms of malware. While it is not obligatory for scammers to distribute malware, the probability is always existent. As stated, their conscience is of little concern, and their dignity is already severely tarnished. They have no scruples to lose and intend to maximize gains.

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 Crysxbit

Name: Crysxbit

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

Operating System: All

Application Category: Crypto Scams

Sending

User Review

0 (0 votes)

Comments Rating 0 (0 reviews)