The Truth About Enexbit: Legit or Scam? Our Review

Recently, Enexbit.com site surfaced, promoting itself as a platform where you can safely keep cryptocurrency and other assets. I managed to gather credible supporting information that unmistakably indicates it is, actually, a deceptive site.

Despite what Enexbit site states, they will never refund your funds. Even though the numbers displayed in the “member area”, there is zero possibility to retrieve even a single penny. All pledges regarding crypto incentives are empty as well.

Enexbit Scam Overview

The primary feature that Enexbit attempts to provide is a secure and convenient crypto wallet service. The website promises exchange facilities, tools for handling wallets, transfers, dashboards, and similar functions. In reality, they aim to emulate the functionality of a crypto exchange, like Binance or Coinbase. However, it actually exclusively serves as a shell needed to deceive the cautious.

Enexbit Scam

First and foremost, Enexbit reproduces the appearance of multiple similar websites. There are quite a few examples, like Bitectum, Bitcetix or Bepwax. They are totally indistinguishable in terms of visual elements, with small discrepancies in the website header. Other specific elements, and sometimes even crypto wallet addresses, are the same. Most likely, all these scam websites are managed by the same group of scoundrels.

Cryptocurrency Scam Summary

How the Enexbit Scam Works?

Enexbit is yet another webpage within a extensive network of interconnected crypto scam sites. The administrators employ various brand identities and websites, like Enexbit.com, to trap victims. Nevertheless, these fraudulent sites have in common matching designs, terms of service, and About Us content. This exposes their sources as parts of the identical scam network, which advocates the same form of scam under different covers. The deceivers merely replicate the same deceptive site under diverse names to fool users into thinking they are participating in a new platform. However, in reality, it’s the same group of swindlers orchestrating the fraudulent pledges and attempts to take deposited cryptocurrency. The managers skillfully utilize psychological tactics and captivating offers to carry out their unscrupulous plans.

Step 1: Spreading

To start the scam, criminals set up and fill accounts on well-liked social media platforms. They primarily target Facebook, Instagram, Twitter, and TikTok. Subsequently, the marketing campaign begins. Utilizing bots and sponsored ads (when achievable), scam actors intensify the exposure of their scam activities to possible victims. This strategy allows them to create a broad net and connect with their aimed audience. This public usually comprises of cryptocurrency enthusiasts searching for opportunities to generate profits.

Step 2: Gaining Traffic

People who show interest check out Enexbit.com via links present in promotions or robotic posts. The website utilizes captivating visuals, design elements that appear legitimate, and claims of holding a valid license, all intended to convey an initial perception of credibility.

Step 3: Data Gathering

To claim their rewards, users are required to proactively set up an profile on Enexbit and get guidance to submit sensitive and personal information throughout the sign-up process. This comprises linking their cryptocurrency wallets, revealing email addresses, giving phone numbers, furnishing identification papers, and the like.

Step 4: Requesting funds

Once enrolled, users observe considerable amounts of cryptocurrency, valued at thousands of dollars, within their Enexbit wallets. Nonetheless, as is standard with such rewards, you are unable to withdraw them ahead of making a deposit. Usually, a funds transfer of $100 is asked to withdraw the sign-up bonus. This stipulation serves as the enticement 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 Enexbit.com. Actually, there are a lot of scams that fall under the same points, so they are pretty much universal.

• Absent company details. Enexbit 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 Enexbit 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 Enexbit, 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 Enexbit is a definite scam.

What Should I do as a Victim?

If you had to deal with Enexbit 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 duration of the scam, scoundrels may get in touch with you with specific files. Alternatively, they may offer you to install “cryptocurrency wallet applications” or “browser extensions” to simplify access to your crypto savings. As we previously figured out, these scoundrels have no intention of returning your capital. So, what can these emails and browser add-ons represent? Correct – this is another element of the fraudulent scheme designed to throw you into deliberately running destructive applications onto your system.

Both plugins and attachments added to emails can function as a carrier for diverse malware. In this scenario, I foresee the presence of spyware and stealers among other forms of malicious programs. While it is not mandatory for scammers to distribute malware, the likelihood is always significant. As previously mentioned, their conscience is of negligible importance, and their dignity is already severely tarnished. They have no principles to lose and strive to boost revenues.

Frequently asked questions