Investigating Elonxcoinz: Legit or Scam? The Truth Exposed

Recently, Elonxcoinz.com site appeared, promoting itself as a place where you can securely keep cryptocurrency and other assets. I managed to gather reliable supporting information that unmistakably indicates it is, actually, a fraudulent service.

Contrary to the claims of Elonxcoinz.com, they will never pay off your capital. Regardless of the numbers displayed in the “member area”, there is absolutely no way to withdraw even a single cent. All pledges regarding crypto bonuses are hollow as well.

It is better to prevent, than repair and repent!

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Elonxcoinz Scam Overview

The key service that Elonxcoinz attempts to provide is a secure and convenient cryptocurrency wallet service. The website pledges crypto exchange solutions, tools for managing wallets, transfers, dashboards, and the like. In truth, they try to emulate the functionality of a crypto trading platform, akin to Binance or Coinbase. However, it actually exclusively serves as a shell intended to lull the vigilance.

Elonxcoinz Scam

To begin with, Elonxcoinz mimics the design of many similar websites. There are quite a few examples, like Foxechange, Exfitex or Muskxworld. They are completely undistinguishable in terms of graphic elements, with small discrepancies in the webpage header. Other specific elements, and sometimes even crypto wallet addresses, are the same. Presumably, all these scam online platforms are led by the same team of scammers.

Cryptocurrency Scam Summary

How the Elonxcoinz Scam Works?

Elonxcoinz is yet another webpage within a extensive network of interconnected crypto fraudulent sites. The administrators employ various brand titles and sites, like Elonxcoinz.com, to trap victims. However, these fraudulent websites have in common the same website designs, terms of service, and About information. This exposes their beginnings as a part of the equal fraudulent network, which endorses the same mode of fraud under different disguises. The fraudsters simply copy the equal scam website under different names to deceive users into assuming they are enrolling a new venture. However, in reality, it’s the identical group of fraudsters orchestrating the misleading pledges and undertakings to grab deposited money. The managers cleverly make use of psychological strategies and appealing offers to carry out their unscrupulous plans.

Step 1: Spreading

To start the fraud, criminals establish and fill accounts on well-liked social media platforms. They primarily target Facebook, Instagram, Twitter, and TikTok. Subsequently, the advertising campaign starts. Utilizing bots and sponsored advertisements (when possible), fraud actors intensify the exposure of their fraudulent activities to potential victims. This strategy enables them to cast a wide net and engage with their aimed viewers. This group typically consists of cryptocurrency enthusiastic individuals searching for opportunities to generate profits.

Users get an incentive to register, enticed by the assurance of obtaining crypto prizes valued at thousands 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 Elonxcoinz.com via links present in promotions or robotic posts. The webpage uses captivating visuals, design features that appear legitimate, and claims of possessing a legitimate license, all intended to present an initial image of credibility.

Step 3: Data Gathering

To collect their benefits, users must deliberately sign up on Elonxcoinz and receive prompts to submit sensitive and personal data during the sign-up process. This comprises linking their cryptocurrency wallets, providing email addresses, specifying phone numbers, submitting identification documents, and more.

Step 4: Requesting funds

Once enrolled, users notice considerable amounts of cryptocurrency, valued at thousands of dollars, within their Elonxcoinz wallets. Nevertheless, as it usually happens with such bonuses, you can’t withdraw them ahead of making a deposit. Usually, a deposit of $100 is required to get the sign-up bonus. This stipulation serves as the trap that ultimately results to the money loss.

Step 5: Disappear

The moment the payment is made, the scammers cease all interaction. They move forward to bar users, erase accounts, and disappear with both the submitted money and essential personal details. The fictitious benefits continue to be perpetually uncredited, as they lack actual existence. They function solely as a deceptive strategy. This method forms the foundation for the fraudsters’ capacity to deceive victims and steal hard-earned funds through their duplicative online crypto scheme.

Signs of Scam

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

• Unsubstantiated Credibility. Elonxcoinz 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%, Elonxcoinz exploits the longing for quick profits. However, such gains are unrealistic within the volatile cryptocurrency landscape, unequivocally identifying Elonxcoinz as a scam.
• Dubious Corporate Information. Elonxcoinz 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. Elonxcoinz.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. Elonxcoinz 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 Elonxcoinz 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, its masters may reach out to you with specific files. Alternatively, they may suggest you to install “cryptocurrency wallet applications” or “browser extensions” to streamline access to your crypto assets. As we already figured out, these scammers have no plan of returning your funds. So, what can these email messages and browser add-ons represent? Correct – this is another component of the scam designed to entice you into willingly installing destructive software onto your computer.

Both plugins and attachments added to emails can act as a carrier for different malware. In this case, I foresee the presence of spyware and stealers among all forms of malicious programs. While it is not mandatory for scammers to distribute malware, the chance is always above zero. As previously mentioned, their conscience is of no concern, and their dignity 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 Elonxcoinz

Name: Elonxcoinz

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