The Kroydex Scam – Don’t Become the Next Victim

Recently, Kroydex.com site popped up, promoting itself as a place where you can safely keep cryptocurrency and other assets. I managed to gather reliable proof that clearly reveals it is, in fact, a fraudulent service.

Contrary to the assertions of Kroydex.com, they will never return your funds. Despite the money displayed in the “member area”, there is no way to take out even a penny. All commitments regarding crypto bonuses are empty 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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Kroydex Scam Overview

The main offering that Kroydex aims to provide is a safe and convenient crypto wallet service. The website promises crypto exchange facilities, 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 actuality exclusively serves as a cover needed to mislead the cautious.

Kroydex Scam

Initially, Kroydex reproduces the appearance of many equivalent online platforms. There are quite a few examples, like Bitexmusk, Zyxbit or Zobitex. They are totally indistinguishable in terms of graphic elements, with slight discrepancies in the webpage header. Other details, and at times even crypto wallet addresses, are unchanged. Most likely, all these fraudulent websites are led by the same gang of scammers.

Cryptocurrency Scam Summary

How the Kroydex Scam Works?

Kroydex is yet another website within a extensive network of linked crypto fraudulent webpages. The administrators employ diverse brand names and sites, like Kroydex.com, to ensnare victims. However, these false websites possess matching designs, terms of service, and About information. This exposes their beginnings as a part of the identical criminal network, which advocates the similar form of deception under diverse appearances. The scammers simply duplicate the identical deceptive site under different names to deceive users into believing they are joining a new venture. However, in actuality, it’s the identical group of swindlers orchestrating the misleading promises and efforts to grab deposited cryptocurrency. The managers cleverly employ psychological maneuvers and enticing offers to execute their unscrupulous plans.

Step 1: Spreading

To begin the deceptive scheme, criminals set up and fill accounts on popular social media platforms. They mainly focus on Facebook, Instagram, Twitter, and TikTok. Subsequently, the advertising campaign begins. Employing bots and paid advertisements (when possible), scam actors increase the exposure of their deceptive activities to potential victims. This approach enables them to create a wide net and interact with their focused spectators. The latter typically comprises of cryptocurrency enthusiasts looking for opportunities to earn profits.

Users get an encouragement to sign up, enticed by the commitment of obtaining crypto rewards valued at hundreds of dollars, all for free. To augment the appeal of the offer, false suggestions of sponsorship by a celebrity are added. As you may guess, these claims are entirely baseless.

Step 2: Gaining Traffic

People who demonstrate interest visit Kroydex.com via links present in ads or bot-generated posts. The webpage uses captivating visuals, design aspects that appear legitimate, and claims of holding a valid license, all designed to present an initial perception of trustworthiness.

Step 3: Data Gathering

To collect their rewards, users must deliberately create an profile on Kroydex and receive instructions to submit sensitive and personal information during the sign-up procedure. This includes linking their cryptocurrency wallets, providing email addresses, supplying phone numbers, sending in identification documents, and more.

Step 4: Requesting funds

Once signed up, users witness significant amounts of cryptocurrency, valued at thousands of dollars, within their Kroydex wallets. However, as is standard with such incentives, you are unable to withdraw them ahead of making a deposit. Typically, a payment of $100 is required to withdraw the sign-up bonus. This stipulation serves as the trap that ultimately leads to the money loss.

Step 5: Disappear

The moment the funds transfer is submitted, the deceivers terminate all interaction. They move forward to block users, delete accounts, and vanish with both the submitted capital and critical personal information. The fictitious prizes continue to be perpetually uncredited, as they lack real existence. They act purely as a phishing maneuver. This approach forms the foundation for the deceivers’ ability to trick victims and steal hard-earned money through their duplicative online crypto scam.

Signs of Scam

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

• Unsubstantiated Credibility. Kroydex employs fraudulent celebrity endorsements, often featuring names like Elon Musk, Jeff Bezos, Mr. Beast, and Mark Zuckerberg. These false claims extend to fictitious partnerships with reputable entities like Coinbase, Binance, or MetaMask, despite the absence of genuine connections.
• Implausible Earnings Claims. Promising remarkable returns of 50-100-200%, Kroydex exploits the longing for quick profits. However, such gains are unrealistic within the volatile cryptocurrency landscape, unequivocally identifying Kroydex as a scam.
• Dubious Corporate Information. Kroydex arouses suspicion by providing inadequate documentation about ownership, location, and registration. Furthermore, the lack of legitimate contact information and the recent registration of domain and social media profiles deepen skepticism.
• Exclusive Cryptocurrency Payments. Kroydex.com solely accepts payments in cryptocurrencies, refraining from traditional bank transfers and other payment methods. This approach not only shrouds the company’s identity but also prevents the possibility of requesting refunds.
• Potential Pyramid Scheme. The scam relies on a Ponzi-like referral structure disseminated through social media. Nevertheless, only initial participants profit, often at the expense of funds brought in by subsequent members.
• Groundless Hype Tactics. Kroydex utilizes fabricated claims about non-existent events, such as securing contracts with Coinbase or receiving endorsements from Elon Musk. This manipulative strategy aims to foster belief in money returns and encourages individuals to top up their accounts again.

What Should I do as a Victim?

If you had to deal with Kroydex 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 duration of the fraud, its masters may get in touch with you with specific files. Alternatively, they may suggest you to set up “cryptocurrency wallet applications” or “browser extensions” to facilitate access to your cryptocurrency savings. As we previously figured out, these rascals have no intention of giving back your capital. So, what can these email messages and browser add-ons represent? Correct – that is another element of the scam designed to throw you into willingly running harmful programs onto your system.

Both extensions and attachments included to email messages can act as a carrier for different malicious software. In this situation, I expect the presence of spyware and stealers among other kinds of threats. While it is not mandatory for scammers to distribute malware, the chance is always above zero. As previously mentioned, their morality is of no concern, and their dignity is already neck deep in mud. They have nothing to give up 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 Kroydex

Name: Kroydex

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