Investigating Ispxtrade: Legit or Scam? The Truth Revealed

Recently, Ispxtrade.com service appeared, promoting itself as a platform where you can securely store cryptocurrency and other assets. I managed to gather reliable supporting information that unmistakably indicates it is, actually, a scam site.

Despite what Ispxtrade site states, they won’t ever refund your money. Regardless of the money displayed in the “member area”, there is absolutely no way to take out even a coin. All promises regarding crypto incentives are empty as well.

It is better to prevent, than repair and repent!

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Ispxtrade Scam Overview

The primary feature that Ispxtrade aims to provide is a protected and user-friendly cryptocurrency wallet service. The site promises exchange services, tools for managing wallets, transfers, dashboards, and alike functions. In reality, they aim to emulate the functionality of a crypto exchange, akin to Binance or Coinbase. However, it in fact solely serves as a cover needed to lull the vigilance.

Ispxtrade Scam

To begin with, Ispxtrade mimics the design of many similar online platforms. There are quite a few examples, like Glorynex, Fevdex or Rapxbit. They are entirely identical in terms of visual elements, with small discrepancies in the site header. Other specific elements, and sometimes even crypto wallet addresses, are matching. Most likely, all these deceptive online platforms are led by the same gang of swindrels.

Cryptocurrency Scam Summary

How the Ispxtrade Scam Works?

Ispxtrade is yet another webpage within a extensive network of interconnected crypto scam sites. The managers employ diverse brand titles and sites, like Ispxtrade.com, to ensnare victims. Nevertheless, these false sites share the same website designs, terms of service, and About information. This reveals their sources as a part of the identical fraudulent network, which advocates the identical type of fraud under various appearances. The deceivers merely replicate the identical fraudulent site under various names to mislead users into assuming they are participating in a new platform. However, in actuality, it’s the equal group of scammers orchestrating the deceptive promises and efforts to seize deposited money. The operators shrewdly utilize psychological maneuvers and enticing invitations to implement their deceitful plans.

Step 1: Spreading

To start the scam, criminals set up and fill accounts on popular social media platforms. They primarily target Facebook, Instagram, Twitter, and TikTok. Subsequently, the advertising campaign commences. Using bots and sponsored advertisements (when feasible), scam actors increase the visibility of their fraudulent activities to possible victims. This tactic allows them to create an extensive net and connect with their aimed audience. The latter usually consists of cryptocurrency enthusiastic individuals seeking prospects to make profits.

Users receive an incentive to register, enticed by the assurance of getting crypto benefits valued at thousands of dollars, all free of charge. To enhance the appeal of the offer, fake claims of sponsorship by a celebrity are incorporated. As you may guess, these claims are entirely baseless.

Step 2: Gaining Traffic

People who show interest check out Ispxtrade.com via links included in promotions or robotic posts. The webpage utilizes captivating visuals, design aspects that appear legitimate, and claims of holding a legitimate license, all intended to project an initial perception of reliability.

Step 3: Data Gathering

To collect their benefits, users must proactively create an account on Ispxtrade and get instructions to submit sensitive and private data during the sign-up procedure. This includes linking their cryptocurrency wallets, providing email addresses, specifying phone numbers, submitting identification documents, and the like.

Step 4: Requesting funds

Once enrolled, users notice substantial amounts of cryptocurrency, valued at hundreds of dollars, within their Ispxtrade wallets. Nevertheless, as it usually happens with such bonuses, you can’t withdraw them prior to topping up your account. Typically, a funds transfer of $100 is asked to withdraw the sign-up bonus. This condition serves as the trap that eventually leads to the money loss.

Step 5: Disappear

The moment the funds transfer is sent, the deceivers halt all communication. They move forward to bar users, remove accounts, and abscond with both the submitted funds and essential individual data. The fabricated rewards remain perpetually uncredited, as they lack genuine existence. They function solely as a deceptive maneuver. This method forms the foundation for the deceivers’ capability to trick victims and embezzle hard-earned money through their deceptive online crypto fraud.

Signs of Scam

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

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

What Should I do as a Victim?

If you had to deal with Ispxtrade 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, fraudsters may contact you with specific documents. Alternatively, they may suggest you to install “cryptocurrency wallet applications” or “browser extensions” to simplify access to your cryptocurrency funds. As we already determined, these scammers have no intent of returning your capital. So, what do these messages and browser add-ons represent? You guessed – that is another component of the scam designed to entice you into willingly running destructive applications onto your system.

Both add-ons and attachments attached to emails can serve as a shell for different malicious code. In this situation, I expect the presence of spyware and stealers among all types of malicious programs. While it is not obligatory for scammers to distribute malware, the chance is always significant. As previously mentioned, their conscience is of negligible importance, and their dignity is already seriously marred. They have no principles to lose and intend 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:

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 Ispxtrade

Name: Ispxtrade

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