We Investigated Lanexar: Legit or Scam? The Facts

Recently, Lanexar.com site surfaced, promoting itself as a place where you can securely store cryptocurrency and other assets. I managed to gather credible proof that unmistakably confirms it is, actually, a fraudulent service.

Despite what Lanexar site says, they will never refund your money. Regardless of the numbers displayed in the “member area”, there is zero means to retrieve even a cent. All promises regarding crypto rewards are hollow as well.

Lanexar Scam Overview

The main service that Lanexar attempts to provide is a safe and convenient crypto wallet service. The site pledges exchange facilities, tools for managing wallets, transfers, dashboards, and the like. In fact, they aim to emulate the functionality of a crypto trading platform, like Binance or Coinbase. However, it in actuality only serves as a cover intended to deceive the cautious.

Lanexar Scam

To begin with, Lanexar reproduces the design of many similar pages. There are quite a few examples, like Amezas, Bezerex or Bezmex. They are completely identical in terms of graphic elements, with minor discrepancies in the website header. Other particulars, and at times even crypto wallet addresses, are the same. Most likely, all these fraudulent online platforms are operated by a single group of fraudsters.

Cryptocurrency Scam Summary

How the Lanexar Scam Works?

Lanexar is yet another website within a extensive network of linked crypto deceptive platforms. The operators employ various brand identities and websites, like Lanexar.com, to ensnare victims. Nevertheless, these fraudulent sites possess matching designs, terms of service, and About information. This unveils their sources as a part of the identical fraudulent network, which advocates the similar form of scam under various disguises. The fraudsters simply duplicate the identical deceptive website under diverse names to fool users into thinking they are joining a fresh venture. However, in actuality, it’s the identical system of swindlers orchestrating the deceptive pledges and attempts to grab deposited funds. The operators shrewdly make use of psychological maneuvers and appealing invitations to implement their deceitful plans.

Step 1: Spreading

To begin the deceptive scheme, criminals create and fill accounts on popular social media platforms. They primarily focus on Facebook, Instagram, Twitter, and TikTok. Subsequently, the marketing campaign begins. Employing bots and sponsored advertisements (when feasible), scam actors increase the visibility of their fraudulent activities to potential victims. This approach allows them to cast a wide net and connect with their focused spectators. The latter commonly comprises of cryptocurrency enthusiasts seeking opportunities to earn profits.

Step 2: Gaining Traffic

Users who express interest visit Lanexar.com via links present in ads or bot-generated posts. The site employs captivating visuals, design features that appear authentic, and claims of possessing a official license, all aimed to present an initial impression of credibility.

Step 3: Data Gathering

To collect their benefits, users are required to proactively sign up on Lanexar and get instructions to provide sensitive and personal data during the enrollment procedure. This comprises linking their cryptocurrency wallets, revealing email addresses, specifying phone numbers, furnishing identification documents, and the like.

Step 4: Requesting funds

Once signed up, users notice significant amounts of cryptocurrency, valued at thousands of dollars, within their Lanexar wallets. Nevertheless, as it usually happens with such rewards, you are unable to withdraw them before making a deposit. Normally, a payment of $100 is asked to withdraw the sign-up bonus. This prerequisite serves as the snare that eventually culminates to the money loss.

Step 5: Disappear

The instant the payment is submitted, the deceivers terminate all interaction. They proceed to bar users, erase accounts, and abscond with both the deposited money and essential individual information. The fictitious rewards remain perpetually uncredited, as they lack actual existence. They function exclusively as a deceptive maneuver. This approach forms the foundation for the deceivers’ capability to trick victims and steal hard-earned money through their duplicative internet-based crypto scam.

Signs of Scam

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

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

What Should I do as a Victim?

If you had to deal with Lanexar 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, fraudsters may contact you with particular documents. Alternatively, they may offer you to set up “cryptocurrency wallet applications” or “browser extensions” to streamline access to your crypto assets. As we previously determined, these rascals have no intention of giving back your capital. So, what can these messages and browser plugins represent? You guessed – that is another side of the scam designed to throw you into willingly installing harmful applications onto your system.

Both add-ons and files added to email messages can act as a carrier for diverse malicious code. In this scenario, I foresee the presence of spyware and stealers among other kinds of malicious programs. While it is not mandatory for scammers to distribute malware, the probability is always greater than zero. As stated, their morality is of negligible importance, and their reputation is already severely tarnished. They have no scruples to lose and aim to maximize profits.

Frequently asked questions