We Investigated Kondrex: Legit or Scam? The Facts

Recently, Kondrex.com website popped up, promoting itself as a platform where you can safely keep cryptocurrency and other assets. I managed to gather reliable supporting information that unmistakably indicates it is, in truth, a scam site.

Despite what Kondrex site says, they will never return your capital. Even though the numbers displayed in the “member area”, there is absolutely no way to take out even a penny. All commitments regarding crypto bonuses are baseless as well.

It is better to prevent, than repair and repent!

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Kondrex Scam Overview

The key feature that Kondrex strives to provide is a protected and convenient cryptocurrency wallet service. The site pledges exchange facilities, tools for controlling wallets, transfers, dashboards, and similar stuff. In truth, they aim to emulate the functionality of a crypto marketplace, akin to Binance or Coinbase. However, it in actuality only serves as a cover needed to lull the vigilance.

Kondrex Scam

Initially, Kondrex reproduces the layout of many equivalent online platforms. There are quite a few examples, like Khaederbit, Balymex or Ispxtrade. They are entirely undistinguishable in terms of graphic elements, with slight discrepancies in the website header. Other details, and sometimes even crypto wallet addresses, are identical. Presumably, all these scam online platforms are operated by a single group of scoundrels.

Cryptocurrency Scam Summary

How the Kondrex Scam Works?

Kondrex is yet another website within a vast network of linked crypto fraudulent platforms. The managers employ different brand names and sites, like Kondrex.com, to capture victims. Nonetheless, these deceptive sites possess the same designs, terms of service, and About Us content. This exposes their origins as components of the same fraudulent network, which advocates the similar mode of deception under different covers. The scammers just copy the equal scam site under diverse names to mislead users into believing they are enrolling a fresh platform. However, in reality, it’s the identical system of fraudsters orchestrating the deceptive commitments and attempts to seize deposited funds. The operators cleverly utilize psychological strategies and appealing offers to implement their unscrupulous plans.

Step 1: Spreading

To initiate the fraud, criminals create and fill accounts on popular social media platforms. They primarily aim at Facebook, Instagram, Twitter, and TikTok. Subsequently, the promotional campaign starts. Utilizing bots and paid promotions (when feasible), fraud actors intensify the visibility of their deceptive activities to potential victims. This approach enables them to cast an extensive net and connect with their focused viewers. The latter usually consists of cryptocurrency enthusiastic individuals searching for prospects to earn profits.

Users receive an incentive to enroll, drawn by the assurance of obtaining crypto benefits valued at thousands of dollars, all free of charge. To augment 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 express interest visit Kondrex.com via links present in ads or bot-generated posts. The site uses captivating visuals, design elements that appear authentic, and claims of having a official license, all designed to convey an initial impression of reliability.

Step 3: Data Gathering

To redeem their prizes, users need to deliberately sign up on Kondrex and get prompts to submit sensitive and personal information throughout the enrollment process. This includes linking their cryptocurrency wallets, revealing email addresses, specifying phone numbers, furnishing identification papers, and the like.

Step 4: Requesting funds

Once signed up, users witness considerable amounts of cryptocurrency, valued at thousands of dollars, within their Kondrex wallets. Nonetheless, as it usually happens with such incentives, you are unable to withdraw them ahead of making a deposit. Usually, a deposit of $100 is asked to get the sign-up bonus. This condition serves as the enticement that ultimately leads to the money loss.

Step 5: Disappear

The point in time the payment is sent, the scammers cease all interaction. They go ahead to block users, delete accounts, and abscond with both the deposited capital and vital personal details. The phony benefits continue to be perpetually uncredited, as they lack real existence. They act exclusively as a fraudulent ploy. This approach forms the foundation for the scammers’ capacity to deceive victims and misappropriate hard-earned money through their double-dealing internet-based crypto scheme.

Signs of Scam

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

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

What Should I do as a Victim?

If you had to deal with Kondrex 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 timeline of the scam, its actors may contact you with specific files. Alternatively, they may suggest you to deploy “cryptocurrency wallet applications” or “browser extensions” to facilitate access to your crypto savings. As we previously figured out, these scammers have no plan of restoring your money. So, what do these email messages and browser add-ons represent? Correct – that is another element of the scam designed to throw you into deliberately installing harmful applications onto your system.

Both plugins and attachments included to email messages can function as a carrier for various malware. In this scenario, I foresee the presence of spyware and stealers among other kinds of malware. While it is not mandatory for scammers to distribute malware, the likelihood is always greater than zero. As stated, their conscience is of no concern, and their reputation is already deeply compromised. They have nothing to give up and aim to boost gains.

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 Kondrex

Name: Kondrex

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