Is Elonexcoin Legit or Another Scam? The Truth Revealed

Recently, Elonexcoin.com website surfaced, promoting itself as a place to keep cryptocurrency and other assets securely. I managed to gather reliable supporting information that unmistakably reveals it is, actually, a deceptive platform.

Contrary to the claims of Elonexcoin.com, they won’t ever return your capital. Despite the figures displayed in the “member area”, there is zero ability to withdraw even a single penny. All promises regarding crypto rewards are empty as well.

It is better to prevent, than repair and repent!

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Elonexcoin Scam Overview

The main feature that Elonexcoin attempts to provide is a protected and convenient crypto wallet service. The site pledges exchange facilities, tools for handling wallets, transfers, dashboards, and the like. In truth, they endeavor to emulate the functionality of a crypto exchange, akin to Binance or Coinbase. However, it actually only serves as a shell intended to mislead the cautious.

Elonexcoin Scam

First and foremost, Elonexcoin reproduces the appearance of numerous similar websites. There are quite a few examples, like Airdropsbit, Onbitx or Jumpbitnex. They are totally indistinguishable in terms of graphic elements, with small discrepancies in the website header. Other details, and sometimes even crypto wallet addresses, are matching. Most likely, all these deceptive online platforms are operated by a single team of scoundrels.

Cryptocurrency Scam Summary

How the Elonexcoin Scam Works?

Elonexcoin is yet another online platform within a extensive network of associated crypto scam platforms. The operators employ diverse brand identities and sites, like Elonexcoin.com, to ensnare victims. Nevertheless, these fraudulent sites have in common the same website designs, terms of service, and About information. This exposes their beginnings as components of the equal criminal network, which advocates the similar type of fraud under different appearances. The scammers simply duplicate the identical fraudulent site under various names to fool users into believing they are joining a new platform. However, in actuality, it’s the equal group of scammers orchestrating the deceptive promises and efforts to seize deposited cryptocurrency. The administrators skillfully employ psychological tactics and captivating invitations to execute their deceitful plots.

Step 1: Spreading

To begin the scam, criminals establish and fill accounts on popular social media platforms. They mainly aim at Facebook, Instagram, Twitter, and TikTok. Subsequently, the marketing campaign begins. Employing bots and sponsored advertisements (when possible), fraud actors boost the exposure of their deceptive activities to potential victims. This strategy enables them to create a wide net and interact with their aimed viewers. The latter typically consists of cryptocurrency enthusiastic individuals looking for prospects to generate profits.

Users get an encouragement to sign up, attracted by the commitment of receiving crypto rewards valued at hundreds of dollars, all without cost. To augment the attractiveness of the offer, false suggestions of sponsorship by a celebrity are added. As you may guess, these claims are entirely baseless.

Step 2: Gaining Traffic

People who demonstrate interest go to Elonexcoin.com via links featured in promotions or bot-generated posts. The site utilizes captivating visuals, design aspects that appear genuine, and claims of holding a legitimate license, all intended to convey an initial perception of trustworthiness.

Step 3: Data Gathering

To claim their rewards, users are required to actively set up an account on Elonexcoin and receive prompts to submit sensitive and private data throughout the enrollment process. This includes linking their cryptocurrency wallets, providing email addresses, supplying phone numbers, sending in identification papers, and the like.

Step 4: Requesting funds

Once enrolled, users witness substantial amounts of cryptocurrency, valued at hundreds of dollars, within their Elonexcoin wallets. Nonetheless, as it usually happens with such rewards, you are unable to withdraw them before making a deposit. Usually, a payment of $100 is asked to access the sign-up bonus. This condition serves as the enticement that eventually results to the money loss.

Step 5: Disappear

The instant the funds transfer is submitted, the fraudsters cease all communication. They move forward to restrict users, remove accounts, and abscond with both the submitted capital and critical personal information. The fictitious rewards remain perpetually uncredited, as they lack genuine existence. They function exclusively as a fraudulent maneuver. This technique forms the foundation for the scammers’ capability to trick victims and embezzle hard-earned funds through their deceptive online crypto fraud.

Signs of Scam

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

• Absent company details. Elonexcoin does not provide any documentation about its ownership, location or registration. No legitimate contact details are given either. Moreover, it appears that the domain and all social network pages were registered quite recently.
• Fake sponsorship from a celebrity. Scams like Elonexcoin like to pick a celebrity as a sponsor of this entire campaign. For obvious reasons, fraudsters generally choose Elon Musk, Jeff Bezos, Mr. Beast, Mark Zuckerberg, and similar celebrities. They do not disdain claiming partnership with a company as well. Even though Coinbase, Binance or MetaMask never heard of Elonexcoin, they do not care – this creates a halo of credibility.
• Potential Ponzi Scheme. The scam relies on a Ponzi-like referral system to spread reach through social media. In fact, only the first members will receive the payoff, at the cost of the money brought by other members.
• Hype without facts. Frauds can cheer up their victims from time to time, using claims about non-existent events. “We got contracts with Coinbase”, “Elon Musk mentioned us as the most prolific crypto project” – you could likely hear something like that. This is made to make people believe in their money return. This can be the sauce to make people top-up their accounts once again.
• Crypto-only incoming payments. Whether the user tries to top-up the account, hackers will only accept payments in crypto – no bank transfers or other payment methods. Such an approach completely hides the identity of the company and deprives you of the ability to ask for a refund.
• Claims are too good to be true. Let’s be sane and sober: even in crypto space, there are not many places where you can earn 50-100-200%. Being able to participate in all of them is nearly impossible, as well as it is impossible to insure or hedge all the risks. Even by that reason alone I can tell that the Elonexcoin is a definite scam.

What Should I do as a Victim?

If you had to deal with Elonexcoin 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 to Authorities. Your initial action should involve reporting the scam to local authorities responsible for addressing financial fraud. Additionally, reach out to wallet providers and engage with the technical support teams of social networks. This collective effort raises the bar for the scammers’ operations.
• Inform Your Inner Circle. Extend your impact by sharing information about the scam with your close friends. Similar to notifying authorities, this dissemination of details curbs the scammers’ potential to deceive.
• Document the Trail. Assemble a comprehensive record by capturing screenshots and archiving all relevant website-related data. This encompasses the website URL, screenshots of the main page, login interface, end-user license agreement (EULA), account top-up menu, and wallet addresses. These materials offer invaluable leads for authorities in their pursuit of the scammers.
• Explore Refund Possibilities. While cryptocurrency payments may not typically align with traditional bank refund policies, it’s worthwhile to explore potential refund avenues under specific circumstances. Maintain a positive outlook until you secure confirmation of the loss.
• Transform Loss into Insight. Shift your focus from the financial loss to gaining wisdom. Consider your loss as an investment in comprehending the tactics employed by crypto scam sites. Familiarize yourself with their distinctive traits, the methods they employ to entice individuals, and the extravagant pledges they make. This knowledge equips you to recognize and avoid future traps, minimizing the risk of enduring further 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 course of the scam, fraudsters may get in touch with you with particular files. Alternatively, they may propose you to set up “cryptocurrency wallet applications” or “browser extensions” to facilitate access to your crypto savings. As we earlier figured out, these scammers have no intention of giving back your funds. So, what do these emails and browser plugins represent? Correct – this is another side of the deceptive plan designed to throw you into willingly running harmful programs onto your system.

Both add-ons and files attached to email messages can serve as a shell for various malware. In this case, I anticipate the presence of spyware and stealers among all types of malware. While it is not obligatory for scammers to distribute malware, the chance is always above zero. As previously mentioned, their ethics is of negligible importance, and their dignity is already seriously marred. They have nothing to give up and aim 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 Elonexcoin

Name: Elonexcoin

Description: Cryptocurrency scams continue to increase as digital assets achieve mainstream adoption. A recent example of such a scam involves Elonexcoin, a fraudulent crypto exchange that entices victims with promises of free crypto giveaways. This detailed article will extensively examine the operations of the Elonexcoin 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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