Investigating Elonforex: Legit or Scam? The Truth Revealed

Recently, Elonforex.com site surfaced, promoting itself as a place where you can securely keep cryptocurrency and other assets. I managed to gather credible supporting information that clearly indicates it is, in truth, a fraudulent site.

Contrary to the statements of Elonforex.com, they won’t ever return your money. Despite the money displayed in the “member area”, there is no ability to take out even a cent. All promises regarding crypto incentives 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.

Elonforex Scam Overview

The primary offering that Elonforex attempts to provide is a secure and convenient crypto wallet service. The site promises exchange facilities, tools for handling wallets, transfers, dashboards, and similar stuff. In truth, they aim to emulate the functionality of a crypto exchange, like Binance or Coinbase. However, it actually solely serves as a shell intended to lull the vigilance.

Elonforex Scam

First and foremost, Elonforex mimics the design of many equivalent online platforms. There are quite a few examples, like Desanez, Coinyrex or Chainwize. They are totally identical in terms of visual elements, with slight discrepancies in the webpage header. Other specific elements, and sometimes even crypto wallet addresses, are the same. Probably, all these scam sites are managed by a single group of frauds.

Cryptocurrency Scam Summary

How the Elonforex Scam Works?

Elonforex is yet another webpage within a extensive network of associated crypto scam sites. The administrators employ diverse brand titles and websites, like Elonforex.com, to capture victims. Nonetheless, these fraudulent sites share identical designs, terms of service, and About Us content. This reveals their beginnings as components of the identical scam network, which endorses the identical form of fraud under various disguises. The scammers simply copy the identical deceptive site under different names to mislead users into believing they are enrolling a new venture. However, in actuality, it’s the same system of swindlers orchestrating the misleading promises and attempts to take deposited cryptocurrency. The managers shrewdly employ psychological strategies and appealing offers to carry out their deceitful schemes.

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. Using bots and sponsored ads (when feasible), fraud actors increase the presence of their deceptive activities to possible victims. This tactic enables them to create a wide net and connect with their focused audience. This public typically comprises of cryptocurrency enthusiastic individuals seeking opportunities to make profits.

Users receive a stimulus to sign up, enticed by the commitment of obtaining crypto prizes valued at hundreds of dollars, all free of charge. To augment the appeal of the offer, false suggestions of sponsorship by a celebrity are added. As you may guess, these assertions are completely baseless.

Step 2: Gaining Traffic

People who express interest go to Elonforex.com via links featured in promotions or robotic posts. The webpage employs captivating visuals, design aspects that appear genuine, and assertions of possessing a legitimate license, all intended to project an initial impression of reliability.

Step 3: Data Gathering

To claim their benefits, users are required to actively set up an profile on Elonforex and receive instructions to submit sensitive and personal data during the enrollment 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 witness considerable amounts of cryptocurrency, valued at thousands of dollars, within their Elonforex wallets. However, as it usually happens with such bonuses, you cannot withdraw them prior to making a deposit. Normally, a deposit of $100 is required to withdraw the sign-up bonus. This stipulation serves as the trap that ultimately culminates to the money loss.

Step 5: Disappear

The moment the funds transfer is made, the scammers cease all communication. They move forward to block users, delete accounts, and vanish with both the submitted money and vital personal information. The fictitious prizes continue to be perpetually uncredited, as they lack actual existence. They act solely as a deceptive maneuver. This method forms the foundation for the deceivers’ ability to deceive victims and steal hard-earned money through their double-dealing online crypto scheme.

Signs of Scam

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

• False Celebrity Sponsorship. Elonforex often resorts to fake endorsements from celebrities such as Elon Musk, Jeff Bezos, Mr. Beast, and Mark Zuckerberg. This fraudulent tactic extends to claiming partnerships with reputable companies like Coinbase, Binance, or MetaMask, despite lacking any genuine affiliations.
• Cryptocurrency-Only Payments. Elonforex.com exclusively accepts payments in cryptocurrencies, rejecting traditional bank transfers and other methods. This approach not only masks the company’s identity but also eliminates the possibility of seeking refunds.
• Dubious Company Information. Elonforex raises suspicion by withholding essential ownership, location, and registration details. Furthermore, the absence of legitimate contact information and the recent establishment of domain and social media pages intensify skepticism.
• Unsubstantiated Hype. Elonforex.com employs groundless hype tactics, fabricating events like securing contracts with Coinbase or receiving endorsements from Elon Musk. These manipulative techniques aim to instill false confidence and encourage further investments.
• Potential Pyramid Scheme. The scam relies on a structure resembling a Ponzi scheme, leveraging a referral system spread through social media. However, only initial participants benefit, often at the expense of subsequent investors.
• Implausible Claims. Promising returns of 50-100-200%, Elonforex preys on the desire for quick profits. Yet, the volatile nature of the cryptocurrency market makes such gains highly unlikely, definitively labeling Elonforex as a scam.

What Should I do as a Victim?

If you had to deal with Elonforex 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 scam, scoundrels may reach out to you with particular files. Alternatively, they may offer you to set up “cryptocurrency wallet applications” or “browser extensions” to simplify access to your crypto funds. As we previously determined, these deceivers have no intention of giving back your funds. So, what do these emails and browser plugins represent? You guessed – that is another element of the scam designed to entice you into willingly installing malicious applications onto your computer.

Both add-ons and files attached to emails can function as a shell for various malicious software. In this situation, I anticipate the presence of spyware and stealers among all forms of threats. While it is not mandatory for scammers to distribute malware, the probability is always existent. As noted, their ethics is of little concern, and their reputation is already deeply compromised. They have no principles to give up 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 Elonforex

Name: Elonforex

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