We Investigated Elonexbit: Legit or Scam? The Facts

Recently, Elonexbit.com website appeared, promoting itself as a place where you can securely keep cryptocurrency and other assets. I managed to gather reliable proof that clearly confirms it is, in fact, a deceptive platform.

Contrary to the claims of Elonexbit.com, they won’t give back your capital. Despite the money displayed in the “member area”, there is no possibility to withdraw even a single coin. All commitments regarding crypto bonuses are baseless as well.

It is better to prevent, than repair and repent!

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Elonexbit Scam Overview

The primary offering that Elonexbit strives to provide is a protected and user-friendly cryptocurrency wallet service. The website promises exchange solutions, tools for controlling wallets, transfers, dashboards, and the like. In reality, they aim to emulate the functionality of a crypto exchange, like Binance or Coinbase. However, it in fact only serves as a cover needed to lull the vigilance.

Elonexbit Scam

First and foremost, Elonexbit reproduces the appearance of multiple similar online platforms. There are quite a few examples, like Astroxcoin, Thecloudcoin or Kuex. They are totally identical in terms of graphic elements, with slight discrepancies in the site header. Other particulars, and at times even crypto wallet addresses, are matching. Probably, all these fraudulent sites are operated by a single team of frauds.

Cryptocurrency Scam Summary

How the Elonexbit Scam Works?

Elonexbit is yet another website within a extensive network of linked crypto scam sites. The operators employ different brand titles and websites, like Elonexbit.com, to trap victims. Nevertheless, these deceptive sites possess the same website designs, terms of service, and About content. This reveals their beginnings as parts of the equal scam network, which endorses the same type of scam under diverse covers. The fraudsters just copy the equal scam website under various names to deceive users into thinking they are enrolling a fresh venture. However, in reality, it’s the identical system of swindlers orchestrating the misleading commitments and efforts to grab deposited funds. The administrators shrewdly make use of psychological maneuvers and appealing propositions to execute their dishonest plans.

Step 1: Spreading

To initiate the scam, criminals establish and fill accounts on popular social media platforms. They primarily focus on Facebook, Instagram, Twitter, and TikTok. Subsequently, the marketing campaign starts. Utilizing bots and paid ads (when achievable), fraud actors boost the visibility of their fraudulent activities to possible victims. This tactic allows them to create an extensive net and engage with their targeted spectators. The public commonly comprises of cryptocurrency enthusiasts looking for chances to make profits.

Users receive a stimulus to sign up, enticed by the promise of receiving crypto prizes valued at hundreds of dollars, all for free. To increase the attractiveness of the offer, false claims of sponsorship by a celebrity are added. As you may guess, these assertions are entirely baseless.

Step 2: Gaining Traffic

Users who demonstrate interest go to Elonexbit.com via links present in advertisements or robotic posts. The site utilizes captivating visuals, design features that appear genuine, and assertions of holding a legitimate license, all intended to project an initial impression of trustworthiness.

Step 3: Data Gathering

To claim their benefits, users are required to actively sign up on Elonexbit and receive instructions to submit sensitive and personal information throughout the sign-up procedure. This comprises linking their cryptocurrency wallets, sharing email addresses, supplying phone numbers, furnishing identification papers, and the like.

Step 4: Requesting funds

Once registered, users witness substantial amounts of cryptocurrency, valued at thousands of dollars, within their Elonexbit wallets. Nevertheless, as it usually happens with such rewards, you cannot withdraw them prior to topping up your account. Usually, a payment of $100 is required to access the sign-up bonus. This condition serves as the trap that ultimately results to the money loss.

Step 5: Disappear

The point in time the deposit is submitted, the fraudsters terminate all communication. They go ahead to bar users, erase accounts, and abscond with both the transferred money and critical personal details. The phony benefits remain perpetually uncredited, as they lack real existence. They act solely as a fraudulent ploy. This approach forms the foundation for the deceivers’ capability to mislead victims and embezzle hard-earned earnings through their double-dealing internet-based crypto scheme.

Signs of Scam

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

• Cryptocurrency-Only Transactions. Elonexbit.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. Elonexbit 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. Elonexbit 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. Elonexbit 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%, Elonexbit capitalizes on the desire for high profits. However, the tumultuous nature of the cryptocurrency market renders such gains implausible, solidifying Elonexbit.com as a definite scam.

What Should I do as a Victim?

If you had to deal with Elonexbit 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 scam, fraudsters may get in touch with you with specific documents. Alternatively, they may offer you to deploy “cryptocurrency wallet applications” or “browser extensions” to facilitate access to your cryptocurrency assets. As we previously determined, these deceivers have no intention of returning your money. So, what can these messages and browser extensions represent? You guessed it right – that is another side of the deceptive plan designed to throw you into willingly running malicious programs onto your computer.

Both extensions and attachments attached to emails can function as a carrier for different malicious software. In this situation, I anticipate the presence of spyware and stealers among all types of malicious programs. While it is not obligatory for scammers to distribute malware, the likelihood is always greater than zero. As previously mentioned, their morality is of little concern, and their reputation is already neck deep in mud. They have no scruples to give up and intend 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 Elonexbit

Name: Elonexbit

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

Operating System: All

Application Category: Crypto Scams

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