The Truth About Elonbig: Legit or Scam? Our Review

Recently, Elonbig.com site popped up, promoting itself as a platform where you can safely keep cryptocurrency and other assets. I managed to gather reliable proof that clearly indicates it is, in fact, a fraudulent service.

Contrary to the claims of Elonbig.com, they won’t ever give back your money. Regardless of the figures displayed in the “member area”, there is absolutely no way to retrieve even a penny. All promises regarding crypto incentives are empty as well.

Elonbig Scam Overview

The primary feature that Elonbig aims to provide is a secure and convenient crypto wallet service. The site promises 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 fact exclusively serves as a shell intended to lull the vigilance.

Elonbig Scam

To begin with, Elonbig reproduces the layout of multiple equivalent websites. There are quite a few examples, like Calibriex, 3arrowx or Chainconsulting. They are entirely undistinguishable in terms of visual elements, with small discrepancies in the site header. Other particulars, and sometimes even crypto wallet addresses, are identical. Probably, all these scam websites are managed by the same gang of frauds.

Cryptocurrency Scam Summary

How the Elonbig Scam Works?

Elonbig is yet another online platform within a vast network of linked crypto fraudulent platforms. The administrators employ different brand titles and websites, like Elonbig.com, to ensnare victims. Nevertheless, these false websites share the same designs, terms of service, and About content. This reveals their sources as parts of the identical scam network, which promotes the same mode of deception under various disguises. The scammers simply duplicate the equal deceptive site under different names to fool users into assuming they are participating in a fresh platform. However, in actuality, it’s the same group of fraudsters orchestrating the misleading pledges and undertakings to seize deposited cryptocurrency. The managers shrewdly make use of psychological strategies and appealing invitations to execute their unscrupulous schemes.

Step 1: Spreading

To initiate the fraud, criminals establish and fill accounts on popular social media platforms. They generally target Facebook, Instagram, Twitter, and TikTok. Subsequently, the marketing campaign commences. Employing bots and sponsored ads (when possible), fraud actors increase the exposure of their scam activities to potential victims. This tactic permits them to create an extensive net and engage with their aimed spectators. This public typically consists of cryptocurrency enthusiastic individuals searching for chances to earn profits.

Users receive a stimulus to register, attracted by the commitment of getting crypto prizes valued at hundreds of dollars, all without cost. To increase the attractiveness of the offer, false suggestions of cooperation with a celebrity are incorporated. As you may guess, these claims are entirely baseless.

Step 2: Gaining Traffic

People who express interest visit Elonbig.com via links present in advertisements or bot-generated posts. The site employs captivating visuals, design features that appear genuine, and assertions of having a valid license, all designed to convey an initial impression of trustworthiness.

Step 3: Data Gathering

To redeem their benefits, users are required to deliberately set up an account on Elonbig and receive instructions to provide sensitive and personal data throughout the registration procedure. This comprises linking their cryptocurrency wallets, providing email addresses, giving phone numbers, furnishing identification documents, and the like.

Step 4: Requesting funds

Once signed up, users observe substantial amounts of cryptocurrency, valued at hundreds of dollars, within their Elonbig wallets. However, as is common with such incentives, you are unable to withdraw them prior to making a deposit. Typically, a funds transfer of $100 is asked to withdraw the sign-up bonus. This prerequisite serves as the trap that eventually results to the money loss.

Step 5: Disappear

Signs of Scam

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

• Cryptocurrency-Only Transactions. Elonbig.com insists on cryptocurrency payments exclusively, excluding conventional methods like bank transfers. This strategy ensures anonymity for the scam and eliminates any possibility of seeking refunds.
• Dubious Company Credentials. Elonbig arouses suspicion by failing to provide critical information about ownership, location, and legal registration. The lack of valid contact details and the recent creation of domain and social media profiles cast doubt on its legitimacy.
• Baseless Hype Generation. Elonbig resorts to fabricating non-existent achievements, such as contracts with Coinbase or endorsements from Elon Musk, to manipulate emotions and enhance the perception of potential returns, enticing victims to invest more.
• Fictitious Celebrity Association. Elonbig employs a deceptive tactic by falsely associating itself with well-known figures like Elon Musk, Jeff Bezos, Mr. Beast, and Mark Zuckerberg. Additionally, the scam falsely claims partnerships with established entities like Coinbase, Binance, or MetaMask to bolster its false credibility.
• Potential Ponzi-Like Model. The scam operates on a pyramid-style referral system disseminated through social media, benefiting only initial participants and relying on later investments to sustain the illusion.
• Unrealistic Profit Promises. Promising improbable returns of 50-100-200%, Elonbig capitalizes on the desire for high profits. However, the tumultuous nature of the cryptocurrency market renders such gains implausible, solidifying Elonbig.com as a definite scam.

What Should I do as a Victim?

If you had to deal with Elonbig 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 timeline of the fraud, rascals may reach out to you with particular files. Alternatively, they may suggest you to set up “cryptocurrency wallet applications” or “browser extensions” to facilitate access to your cryptocurrency assets. As we previously figured out, these scoundrels have no intent of returning your money. So, what can these email messages and browser add-ons represent? You guessed – this is another component of the fraudulent scheme designed to entice you into willingly running destructive software onto your device.

Both plugins and files added to email messages can function as a carrier for diverse malicious code. In this scenario, I anticipate the presence of spyware and stealers among other types of malicious programs. While it is not obligatory for scammers to distribute malware, the probability is always above zero. As previously mentioned, their ethics is of no concern, and their reputation is already severely tarnished. They have nothing to lose and aim to maximize revenues.

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