We Looked Into Lubatexes: Scam or Trustworthy? The Verdict

Recently, Lubatexes.com site appeared, promoting itself as a place to store cryptocurrency and other assets safely. I managed to gather reliable supporting information that clearly confirms it is, actually, a fraudulent site.

Despite what Lubatexes site says, they won’t refund your funds. Regardless of the figures displayed in the “member area”, there is no ability to withdraw even a coin. All pledges 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.

DOWNLOAD NOW

Gridinsoft Anti-Malware 6-day trial available.
EULA | Privacy Policy | 10% Off Coupon

Subscribe to our Telegram channel to be the first to know about news and our exclusive materials on information security.

Lubatexes Scam Overview

The primary offering that Lubatexes strives to provide is a safe and convenient cryptocurrency wallet service. The site pledges exchange services, tools for controlling wallets, transfers, dashboards, and similar functions. In truth, they endeavor to emulate the functionality of a crypto exchange, like Binance or Coinbase. However, it actually exclusively serves as a shell intended to lull the vigilance.

Lubatexes Scam

First and foremost, Lubatexes mimics the layout of numerous equivalent websites. There are quite a few examples, like Loydex, Lomsnex or Hotcoinw. They are completely identical in terms of graphic elements, with slight discrepancies in the website header. Other particulars, and at times even crypto wallet addresses, are the same. Most likely, all these deceptive websites are operated by the same team of scoundrels.

Cryptocurrency Scam Summary

How the Lubatexes Scam Works?

Lubatexes is yet another website within a wide-ranging network of associated crypto fraudulent sites. The managers employ different brand identities and sites, like Lubatexes.com, to capture victims. Nevertheless, these fraudulent sites share the same designs, terms of service, and About information. This reveals their sources as a part of the same criminal network, which advocates the identical mode of scam under different appearances. The deceivers just copy the same fraudulent website under various names to fool users into believing they are joining a fresh platform. However, in actuality, it’s the equal system of scammers orchestrating the deceptive promises and undertakings to seize deposited funds. The operators skillfully utilize psychological tactics and captivating propositions to execute their dishonest plans.

Step 1: Spreading

To begin the scam, criminals establish and fill accounts on popular social media platforms. They primarily aim at Facebook, Instagram, Twitter, and TikTok. Subsequently, the promotional campaign commences. Using bots and sponsored advertisements (when achievable), fraud actors increase the visibility of their deceptive activities to possible victims. This strategy permits them to cast a wide net and connect with their aimed audience. The latter usually comprises of cryptocurrency enthusiasts searching for opportunities to make profits.

Users receive an encouragement to enroll, drawn by the commitment of getting crypto rewards valued at hundreds of dollars, all without cost. To enhance the attractiveness of the offer, false claims of cooperation with a celebrity are added. As you may guess, these assertions are entirely baseless.

Step 2: Gaining Traffic

Individuals who express interest go to Lubatexes.com via links present in promotions or bot-generated posts. The webpage employs captivating visuals, design elements that appear legitimate, and assertions of holding a official license, all aimed to present an initial perception of reliability.

Step 3: Data Gathering

To collect their benefits, users need to deliberately sign up on Lubatexes and receive guidance to submit sensitive and personal information throughout the sign-up process. This includes linking their cryptocurrency wallets, revealing email addresses, supplying phone numbers, submitting identification documents, and the like.

Step 4: Requesting funds

Once signed up, users observe significant amounts of cryptocurrency, valued at hundreds of dollars, within their Lubatexes wallets. However, as is common with such rewards, you can’t withdraw them ahead of making a deposit. Typically, a funds transfer of $100 is required to withdraw the sign-up bonus. This condition serves as the trap that ultimately results to the money loss.

Step 5: Disappear

The instant the deposit is submitted, the fraudsters halt all interaction. They move forward to block users, remove accounts, and abscond with both the submitted money and essential personal details. The fabricated prizes continue to be perpetually uncredited, as they lack genuine existence. They act exclusively as a phishing maneuver. This approach forms the foundation for the deceivers’ capacity to deceive victims and embezzle 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 Lubatexes.com. Actually, there are a lot of scams that fall under the same points, so they are pretty much universal.

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

What Should I do as a Victim?

If you had to deal with Lubatexes 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.

• Secure Your Actions. Begin by promptly reporting the scam to appropriate local authorities tasked with handling financial fraud. Notify wallet providers and engage with social networks’ technical support teams. By taking these measures, you contribute to making the scammers’ operations significantly more difficult.
• Expand Awareness. Extend your efforts by sharing the scam information with your close friends. This action has a parallel effect to reporting to the authorities, as disseminating details about fraudulent crypto services reduces the potential victims they can deceive.
• Gather Evidence. Preserve comprehensive evidence by capturing screenshots and saving all pertinent data linked to the deceptive website. Collect the URL, screenshots of the main page, login interface, end-user license agreement (EULA), account top-up menu, and wallet addresses. These materials could prove invaluable for authorities in their pursuit of the scammers.
• Explore Refund Possibilities. While cryptocurrency payments generally fall outside the scope of refund policies within most banks, it’s worth investigating the potential for a refund in specific circumstances. Maintain optimism until you definitively confirm the loss.
• Convert Mistake into Wisdom. Transform your financial setback into a valuable learning experience. Treat your loss as an investment in understanding the tactics of crypto scam sites. Familiarize yourself with their key characteristics, how they lure individuals, and the grandiose promises they make. Armed with this knowledge, you’ll be well-equipped to recognize and avoid falling into future traps without incurring further losses.

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, its actors may contact you with specific documents. Alternatively, they may suggest you to set up “cryptocurrency wallet applications” or “browser extensions” to streamline access to your crypto savings. As we previously figured out, these scammers have no intent of restoring your capital. So, what can these emails and browser plugins represent? You guessed – this is another component of the scam designed to entice you into deliberately installing destructive programs onto your device.

Both add-ons and attachments included to emails can function as a carrier for different malicious code. In this scenario, I anticipate the presence of spyware and stealers among all forms of threats. While it is not mandatory for scammers to distribute malware, the chance is always greater than zero. As previously mentioned, their conscience is of little concern, and their reputation is already severely tarnished. They have no scruples to lose and aim 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 Lubatexes

Name: Lubatexes

Description: Cryptocurrency scams continue to increase as digital assets achieve mainstream adoption. A recent example of such a scam involves Lubatexes, a fraudulent crypto exchange that entices victims with promises of free crypto giveaways. This detailed article will extensively examine the operations of the Lubatexes scam, techniques for recognizing it, and, most crucially, ways to evade becoming a victim.

Operating System: All

Application Category: Crypto Scams

Sending

User Review

3.67 (6 votes)

Comments Rating 0 (0 reviews)