Investigating Firstcryptobank: Legit or Scam? The Truth Revealed

Recently, Firstcryptobank.capital service surfaced, promoting itself as a place where you can securely keep cryptocurrency and other assets. I managed to gather reliable evidence that clearly reveals it is, actually, a fraudulent platform.

Despite what Firstcryptobank site states, they will never refund your capital. Despite the figures displayed in the “member area”, there is absolutely no ability to retrieve even a cent. All promises regarding crypto incentives are baseless as well.

It is better to prevent, than repair and repent!

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Firstcryptobank Scam Overview

The key feature that Firstcryptobank attempts to provide is a safe and user-friendly cryptocurrency wallet service. The site promises crypto exchange solutions, tools for handling wallets, transfers, dashboards, and similar stuff. In fact, they endeavor to emulate the functionality of a crypto trading platform, akin to Binance or Coinbase. However, it in fact only serves as a shell needed to deceive the cautious.

Firstcryptobank Scam

To begin with, Firstcryptobank imitates the design of multiple equivalent websites. There are quite a few examples, like Vestatrades, Wuteslax or Zaxbit. They are completely indistinguishable in terms of visual elements, with small discrepancies in the website header. Other specific elements, and at times even crypto wallet addresses, are matching. Most likely, all these deceptive sites are led by the same group of fraudsters.

Cryptocurrency Scam Summary

How the Firstcryptobank Scam Works?

Firstcryptobank is yet another online platform within a wide-ranging network of associated crypto scam sites. The operators employ various brand identities and sites, like Firstcryptobank.capital, to trap victims. However, these deceptive websites possess identical designs, terms of service, and About content. This unveils their origins as components of the equal fraudulent network, which advocates the identical mode of deception under diverse disguises. The scammers merely replicate the identical scam website under various names to deceive users into assuming they are participating in a fresh venture. However, in reality, it’s the same group of fraudsters orchestrating the fraudulent commitments and attempts to take deposited funds. The managers cleverly employ psychological tactics and appealing propositions to carry out their unscrupulous plots.

Step 1: Spreading

To start the deceptive scheme, criminals set up and fill accounts on popular social media platforms. They mainly aim at Facebook, Instagram, Twitter, and TikTok. Subsequently, the advertising campaign begins. Utilizing bots and paid ads (when achievable), fraud actors intensify the visibility of their fraudulent activities to possible victims. This tactic permits them to cast a broad net and engage with their aimed viewers. The latter usually comprises of cryptocurrency fans looking for opportunities to generate profits.

Users get an encouragement to sign up, attracted by the commitment of obtaining crypto rewards valued at thousands of dollars, all without cost. To increase the appeal of the offer, false claims of sponsorship by a celebrity are added. As you may guess, these claims are completely baseless.

Step 2: Gaining Traffic

Individuals who express interest check out Firstcryptobank.capital via links featured in advertisements or robotic posts. The webpage employs captivating visuals, design elements that appear genuine, and claims of holding a legitimate license, all designed to project an initial impression of trustworthiness.

Step 3: Data Gathering

To collect their prizes, users need to actively create an account on Firstcryptobank and get guidance to submit sensitive and personal information throughout the enrollment procedure. This comprises linking their cryptocurrency wallets, sharing email addresses, specifying phone numbers, sending in identification documents, and the like.

Step 4: Requesting funds

Once registered, users notice substantial amounts of cryptocurrency, valued at hundreds of dollars, within their Firstcryptobank wallets. Nevertheless, as is common with such bonuses, you are unable to withdraw them before making a deposit. Normally, a payment of $100 is asked to withdraw the sign-up bonus. This prerequisite serves as the trap that eventually leads to the money loss.

Step 5: Disappear

The instant the deposit is submitted, the scammers halt all contact. They proceed to restrict users, remove accounts, and abscond with both the submitted money and essential private details. The fabricated benefits remain perpetually uncredited, as they lack real existence. They operate purely as a fraudulent maneuver. This technique forms the foundation for the deceivers’ ability to trick victims and embezzle hard-earned earnings through their duplicative internet-based crypto fraud.

Signs of Scam

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

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

What Should I do as a Victim?

If you had to deal with Firstcryptobank 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.

• Secure Your Actions. Begin by promptly reporting the scam to appropriate local authorities tasked with handling financial fraud. Notify wallet providers and engage with social networks’ technical support teams. By taking these measures, you contribute to making the scammers’ operations significantly more difficult.
• Expand Awareness. Extend your efforts by sharing the scam information with your close friends. This action has a parallel effect to reporting to the authorities, as disseminating details about fraudulent crypto services reduces the potential victims they can deceive.
• Gather Evidence. Preserve comprehensive evidence by capturing screenshots and saving all pertinent data linked to the deceptive website. Collect the URL, screenshots of the main page, login interface, end-user license agreement (EULA), account top-up menu, and wallet addresses. These materials could prove invaluable for authorities in their pursuit of the scammers.
• Explore Refund Possibilities. While cryptocurrency payments generally fall outside the scope of refund policies within most banks, it’s worth investigating the potential for a refund in specific circumstances. Maintain optimism until you definitively confirm the loss.
• Convert Mistake into Wisdom. Transform your financial setback into a valuable learning experience. Treat your loss as an investment in understanding the tactics of crypto scam sites. Familiarize yourself with their key characteristics, how they lure individuals, and the grandiose promises they make. Armed with this knowledge, you’ll be well-equipped to recognize and avoid falling into future traps without incurring further losses.

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 propose you to set up “cryptocurrency wallet applications” or “browser extensions” to facilitate access to your crypto funds. As we previously determined, these scoundrels have no intent of restoring your funds. So, what do these email messages and browser extensions represent? Correct – this is another side of the deceptive plan designed to entice you into deliberately installing destructive software onto your device.

Both extensions and attachments included to emails can function as a shell for various malware. In this scenario, I anticipate the presence of spyware and stealers among all kinds of threats. While it is not mandatory for scammers to distribute malware, the probability is always greater than zero. As noted, their conscience is of no concern, and their dignity is already severely tarnished. 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:

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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.

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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 Firstcryptobank

Name: Firstcryptobank

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