We Investigated Geldbit: Legit or Scam? The Facts

Recently, Geldbit.com site popped up, promoting itself as a place where you can safely store cryptocurrency and other assets. I managed to gather credible proof that clearly confirms it is, actually, a fraudulent service.

Despite what Geldbit site says, they will never return your money. Despite the figures displayed in the “member area”, there is no way to take out even a single cent. All pledges regarding crypto incentives are baseless 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.

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Geldbit Scam Overview

The primary offering that Geldbit aims to provide is a protected and user-friendly crypto wallet service. The site pledges exchange facilities, tools for managing wallets, transfers, dashboards, and the like. In reality, they try to emulate the functionality of a crypto marketplace, like Binance or Coinbase. However, it actually exclusively serves as a shell intended to fool the cautious.

Geldbit Scam

To begin with, Geldbit mimics the design of many equivalent websites. There are quite a few examples, like Looksrare, Marsbycoin or Wondcoin. They are completely undistinguishable in terms of visual elements, with slight discrepancies in the webpage header. Other details, and at times even crypto wallet addresses, are identical. Most likely, all these fraudulent sites are managed by the same team of swindrels.

Cryptocurrency Scam Summary

How the Geldbit Scam Works?

Geldbit is yet another website within a vast network of associated crypto fraudulent platforms. The administrators employ diverse brand titles and websites, like Geldbit.com, to trap victims. Nevertheless, these false websites share matching designs, terms of service, and About content. This exposes their origins as parts of the same fraudulent network, which promotes the same form of fraud under different appearances. The deceivers simply duplicate the same scam site under diverse names to fool users into assuming they are enrolling a fresh venture. However, in reality, it’s the identical group of swindlers orchestrating the misleading pledges and efforts to grab deposited cryptocurrency. The managers skillfully make use of psychological tactics and captivating invitations to carry out their dishonest schemes.

Step 1: Spreading

To begin the fraud, criminals set up and fill accounts on well-liked social media platforms. They generally aim at Facebook, Instagram, Twitter, and TikTok. Subsequently, the promotional campaign commences. Using bots and sponsored advertisements (when achievable), scam actors intensify the visibility of their fraudulent activities to possible victims. This approach enables them to cast a broad net and engage with their focused viewers. This public typically consists of cryptocurrency enthusiasts searching for opportunities to earn profits.

Users get a stimulus to register, attracted by the promise of getting crypto benefits valued at thousands of dollars, all for free. To increase the appeal of the offer, false claims of cooperation with a celebrity are incorporated. As you may guess, these assertions are entirely baseless.

Step 2: Gaining Traffic

Individuals who demonstrate interest check out Geldbit.com via links featured in advertisements or robotic posts. The site utilizes captivating visuals, design elements that appear authentic, and claims of holding a valid license, all intended to project an initial image of credibility.

Step 3: Data Gathering

To collect their rewards, users must proactively create an account on Geldbit and receive instructions to provide sensitive and private data during the sign-up process. This includes linking their cryptocurrency wallets, sharing email addresses, supplying phone numbers, furnishing identification documents, and the like.

Step 4: Requesting funds

Once registered, users notice significant amounts of cryptocurrency, valued at thousands of dollars, within their Geldbit wallets. Nonetheless, as it usually happens with such incentives, you are unable to withdraw them before topping up your account. Normally, a deposit of $100 is required to access the sign-up bonus. This stipulation serves as the trap that ultimately culminates to the money loss.

Step 5: Disappear

The moment the deposit is submitted, the scammers cease all communication. They proceed to restrict users, delete accounts, and abscond with both the deposited capital and vital private information. The phony benefits continue to be perpetually uncredited, as they lack genuine existence. They act exclusively as a phishing maneuver. This technique forms the foundation for the scammers’ capability to mislead victims and embezzle hard-earned earnings through their deceptive online crypto scam.

Signs of Scam

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

• False Celebrity Sponsorship. Geldbit 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. Geldbit.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. Geldbit 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. Geldbit.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%, Geldbit preys on the desire for quick profits. Yet, the volatile nature of the cryptocurrency market makes such gains highly unlikely, definitively labeling Geldbit as a scam.

What Should I do as a Victim?

If you had to deal with Geldbit 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 course of the scam, rascals may contact you with specific files. Alternatively, they may propose you to deploy “cryptocurrency wallet applications” or “browser extensions” to simplify access to your cryptocurrency savings. As we earlier figured out, these rascals have no intent of giving back your funds. So, what do these email messages and browser extensions represent? You guessed it right – that is another element of the deceptive plan designed to entice you into willingly running harmful programs onto your system.

Both add-ons and files attached to email messages can act as a shell for diverse malicious code. In this case, I foresee the presence of spyware and stealers among other types of threats. While it is not obligatory for scammers to distribute malware, the chance is always significant. As noted, their conscience is of negligible importance, and their dignity is already neck deep in mud. They have no scruples to lose and strive to maximize revenues.

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 Geldbit

Name: Geldbit

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