We Investigated HydraSpaceX: Legit or Scam? The Facts

Recently, Hydraspacex.com site surfaced, 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, in truth, a fraudulent service.

Contrary to the assertions of Hydraspacex.com, they won’t ever pay off your money. Despite the numbers displayed in the “member area”, there is zero possibility to withdraw even a cent. All promises regarding crypto rewards are empty as well.

It is better to prevent, than repair and repent!

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HydraSpaceX Scam Overview

The key feature that HydraSpaceX strives to provide is a protected and convenient crypto wallet service. The website promises exchange solutions, tools for handling wallets, transfers, dashboards, and similar stuff. In truth, they try to emulate the functionality of a crypto trading platform, like Binance or Coinbase. However, it in actuality exclusively serves as a shell intended to fool the cautious.

HydraSpaceX Scam

To begin with, HydraSpaceX imitates the layout of numerous similar online platforms. There are quite a few examples, like Lunoxbit, Mtxstation or Polenax. They are completely indistinguishable in terms of graphic elements, with small discrepancies in the website header. Other details, and at times even crypto wallet addresses, are unchanged. Probably, all these deceptive online platforms are operated by a single team of frauds.

Cryptocurrency Scam Summary

How the HydraSpaceX Scam Works?

HydraSpaceX is yet another online platform within a vast network of associated crypto fraudulent sites. The administrators utilize different brand names and sites, like Hydraspacex.com, to ensnare victims. However, these false sites have in common matching website designs, terms of service, and About content. This reveals their origins as a part of the identical fraudulent network, which promotes the same type of fraud under diverse appearances. The deceivers just duplicate the same fraudulent website under diverse names to deceive users into believing they are joining a fresh opportunity. However, in actuality, it’s the same system of scammers orchestrating the fraudulent promises and efforts to take deposited funds. The administrators shrewdly utilize psychological tactics and enticing propositions to execute their unscrupulous plans.

Step 1: Spreading

To initiate the scam, criminals establish and fill accounts on popular social media platforms. They generally aim at Facebook, Instagram, Twitter, and TikTok. Subsequently, the promotional campaign starts. Using bots and sponsored promotions (when feasible), scam actors intensify the exposure of their deceptive activities to potential victims. This strategy allows them to create a wide net and engage with their focused audience. This public commonly comprises of cryptocurrency enthusiasts looking for opportunities to earn profits.

Users obtain an encouragement to enroll, attracted by the promise of getting crypto benefits valued at thousands of dollars, all without cost. To enhance the appeal of the offer, false claims of cooperation with a celebrity are added. As you may guess, these claims are completely baseless.

Step 2: Gaining Traffic

Individuals who demonstrate interest go to Hydraspacex.com via links present in ads or robotic posts. The webpage uses captivating visuals, design aspects that appear legitimate, and claims of having a legitimate license, all intended to convey an initial impression of trustworthiness.

Step 3: Data Gathering

To redeem their prizes, users are required to deliberately set up an profile on HydraSpaceX and get guidance to provide sensitive and personal information throughout the sign-up process. This comprises linking their cryptocurrency wallets, revealing email addresses, supplying phone numbers, furnishing identification papers, and more.

Step 4: Requesting funds

Once signed up, users notice substantial amounts of cryptocurrency, valued at hundreds of dollars, within their HydraSpaceX wallets. Nonetheless, as is typical with such bonuses, you cannot 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 enticement that eventually leads to the money loss.

Step 5: Disappear

The moment the funds transfer is submitted, the fraudsters halt all interaction. They move forward to bar users, remove accounts, and abscond with both the deposited capital and vital private information. The fictitious benefits remain perpetually uncredited, as they lack actual existence. They operate solely as a deceptive maneuver. This technique forms the foundation for the fraudsters’ capacity to trick victims and embezzle hard-earned earnings through their double-dealing online crypto fraud.

Signs of Scam

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

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

What Should I do as a Victim?

If you had to deal with HydraSpaceX 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.

• Immediate Reporting. Your initial step should involve promptly notifying local authorities specializing in financial fraud. Extend your reach by reaching out to wallet providers and engaging with social networks’ technical support teams. These actions serve to raise the bar for the scammers’ operations.
• Share among Friends. Amplify your efforts by informing your close friends about the scam. Similar to informing authorities, this dissemination of information restricts the scammers’ potential victim pool.
• Preserve Crucial Information. Compile a comprehensive evidence archive by capturing screenshots and archiving all relevant website-related data. Collect the website URL, screenshots of the main page, login interface, end-user license agreement (EULA), account top-up menu, and wallet addresses. These records could provide vital clues for authorities in their pursuit of the scammers.
• Exploring Refund Options. While most banks’ refund policies may exclude cryptocurrency payments, it’s advisable to explore potential refund avenues under specific circumstances. Maintain hope until you obtain confirmation of the loss.
• Transform Loss into Knowledge. Turn your financial setback into an opportunity for growth. View your loss as an investment in understanding the strategies employed by crypto scam sites. Familiarize yourself with their telltale characteristics, the methods they employ to entice individuals, and the extravagant promises they make. Equipped with this insight, you’ll be well-prepared to spot and evade future traps without suffering additional 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 course of the scam, scoundrels may contact you with specific files. Alternatively, they may offer you to set up “cryptocurrency wallet applications” or “browser extensions” to simplify access to your cryptocurrency savings. As we earlier figured out, these deceivers have no intention of giving back your funds. So, what can these email messages and browser extensions represent? You guessed it right – that is another element of the fraudulent scheme designed to entice you into deliberately installing destructive software onto your device.

Both add-ons and files included to email messages can function as a shell for different malicious code. In this scenario, I foresee the presence of spyware and stealers among all forms of malware. While it is not mandatory for scammers to distribute malware, the probability is always greater than zero. As previously mentioned, their ethics is of little concern, and their dignity is already seriously marred. They have nothing 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 HydraSpaceX

Name: HydraSpaceX

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