We Investigated Gentlexpay: Legit or Scam? The Facts

Recently, Gentlexpay.com site popped up, promoting itself as a platform to store cryptocurrency and other assets safely. I managed to gather reliable evidence that clearly indicates it is, actually, a fraudulent platform.

Despite what Gentlexpay site says, they won’t return your funds. Regardless of the figures displayed in the “member area”, there is zero means to take out even a coin. All commitments regarding crypto bonuses are baseless as well.

Gentlexpay Scam Overview

The key service that Gentlexpay aims to provide is a safe and convenient cryptocurrency wallet service. The website promises exchange solutions, tools for handling wallets, transfers, dashboards, and the like. In truth, they endeavor to emulate the functionality of a crypto marketplace, akin to Binance or Coinbase. However, it in fact exclusively serves as a shell intended to lull the vigilance.

Gentlexpay Scam

To begin with, Gentlexpay mimics the layout of many similar pages. There are quite a few examples, like Hayderbid, Heyderbid or Icexbit. They are completely undistinguishable in terms of visual elements, with small discrepancies in the site header. Other particulars, and sometimes even crypto wallet addresses, are the same. Probably, all these scam sites are managed by the same group of scammers.

Cryptocurrency Scam Summary

How the Gentlexpay Scam Works?

Gentlexpay is yet another website within a wide-ranging network of interconnected crypto scam platforms. The managers employ diverse brand identities and sites, like Gentlexpay.com, to trap victims. However, these deceptive sites possess matching website designs, terms of service, and About Us information. This exposes their origins as a part of the equal criminal network, which advocates the same mode of scam under diverse appearances. The deceivers just copy the identical deceptive site under diverse names to deceive users into believing they are participating in a new platform. However, in actuality, it’s the same system of fraudsters orchestrating the deceptive pledges and undertakings to seize deposited money. The managers cleverly employ psychological strategies and enticing offers to carry out their unscrupulous plans.

Step 1: Spreading

To initiate the fraud, criminals set up and fill accounts on well-liked social media platforms. They primarily focus on Facebook, Instagram, Twitter, and TikTok. Subsequently, the advertising campaign starts. Using bots and paid advertisements (when possible), fraud actors boost the visibility of their fraudulent activities to possible victims. This strategy permits them to create a broad net and interact with their aimed spectators. This audience typically comprises of cryptocurrency enthusiasts searching for opportunities to earn profits.

Step 2: Gaining Traffic

Users who express interest check out Gentlexpay.com via links featured in advertisements or robotic posts. The site uses captivating visuals, design aspects that appear authentic, and claims of possessing a official license, all aimed to present an initial impression of credibility.

Step 3: Data Gathering

To claim their prizes, users need to actively set up an account on Gentlexpay and get guidance to submit sensitive and personal information throughout the sign-up process. This includes linking their cryptocurrency wallets, sharing email addresses, supplying phone numbers, furnishing identification documents, and more.

Step 4: Requesting funds

Once enrolled, users observe considerable amounts of cryptocurrency, valued at hundreds of dollars, within their Gentlexpay wallets. Nevertheless, as is common with such incentives, you cannot withdraw them prior to topping up your account. Usually, a payment of $100 is required to access the sign-up bonus. This stipulation serves as the snare that eventually results to the money loss.

Step 5: Disappear

The instant the payment is sent, the scammers terminate all communication. They proceed to bar users, remove accounts, and abscond with both the submitted money and vital personal information. The fabricated prizes remain perpetually uncredited, as they lack actual existence. They act purely as a deceptive ploy. This approach forms the foundation for the fraudsters’ capability to mislead victims and embezzle hard-earned funds through their double-dealing web crypto scam.

Signs of Scam

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

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

What Should I do as a Victim?

If you had to deal with Gentlexpay 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 timeline of the fraud, rascals may contact you with particular documents. Alternatively, they may offer you to set up “cryptocurrency wallet applications” or “browser extensions” to simplify access to your cryptocurrency savings. As we already determined, these scoundrels have no intention of giving back your funds. So, what can these emails and browser extensions represent? Correct – that is another element of the scam designed to entice you into deliberately running harmful programs onto your computer.

Both add-ons and files attached to email messages can serve as a shell for various malicious software. In this case, I foresee the presence of spyware and stealers among all forms of malware. While it is not mandatory for scammers to distribute malware, the chance is always significant. As previously mentioned, their ethics is of no concern, and their reputation is already seriously marred. They have nothing to lose and intend to boost revenues.

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