We Looked Into Lunaxup: Scam or Trustworthy? The Verdict

Recently, Lunaxup.com website surfaced, promoting itself as a platform to keep cryptocurrency and other assets safely. I managed to gather credible proof that clearly confirms it is, actually, a fraudulent platform.

Despite what Lunaxup site says, they won’t pay off your capital. Regardless of the figures displayed in the “member area”, there is absolutely no ability to withdraw even a cent. All pledges regarding crypto rewards are hollow as well.

It is better to prevent, than repair and repent!

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Lunaxup Scam Overview

The key offering that Lunaxup strives to provide is a secure and convenient crypto wallet service. The website pledges exchange facilities, tools for managing wallets, transfers, dashboards, and alike functions. In truth, they aim to emulate the functionality of a crypto trading platform, akin to Binance or Coinbase. However, it actually only serves as a cover needed to lull the vigilance.

Lunaxup Scam

To begin with, Lunaxup mimics the layout of many similar websites. There are quite a few examples, like Kroydex, Bitexmusk or Zyxbit. They are entirely undistinguishable in terms of visual elements, with slight discrepancies in the website header. Other specific elements, and at times even crypto wallet addresses, are unchanged. Presumably, all these scam websites are led by a single group of scammers.

Cryptocurrency Scam Summary

How the Lunaxup Scam Works?

Lunaxup is yet another online platform within a extensive network of linked crypto scam webpages. The operators utilize diverse brand titles and websites, like Lunaxup.com, to capture victims. Nonetheless, these fraudulent sites share matching website designs, terms of service, and About Us content. This reveals their sources as parts of the equal scam network, which promotes the identical form of fraud under various disguises. The fraudsters simply replicate the same deceptive website under various names to mislead users into assuming they are participating in a new opportunity. However, in reality, it’s the same system of scammers orchestrating the fraudulent promises and undertakings to grab deposited cryptocurrency. The operators cleverly utilize psychological tactics and enticing propositions to implement their dishonest plots.

Step 1: Spreading

To initiate the fraud, criminals create and fill accounts on popular social media platforms. They primarily target Facebook, Instagram, Twitter, and TikTok. Subsequently, the marketing campaign begins. Utilizing bots and paid ads (when feasible), fraud actors increase the exposure of their deceptive activities to potential victims. This strategy allows them to cast a wide net and connect with their focused viewers. The latter typically comprises of cryptocurrency fans looking for opportunities to make profits.

Users get a stimulus to enroll, drawn by the commitment of receiving crypto prizes valued at thousands of dollars, all without cost. To increase the appeal of the offer, fake suggestions of cooperation with a celebrity are incorporated. As you may guess, these assertions are entirely baseless.

Step 2: Gaining Traffic

People who show interest check out Lunaxup.com via links present in promotions or robotic posts. The webpage uses captivating visuals, design features that appear legitimate, and claims of possessing a valid license, all intended to convey an initial image of reliability.

Step 3: Data Gathering

To redeem their rewards, users are required to deliberately create an account on Lunaxup and get instructions to provide sensitive and personal information throughout the sign-up process. This includes linking their cryptocurrency wallets, sharing email addresses, specifying phone numbers, submitting identification papers, and more.

Step 4: Requesting funds

Once registered, users observe significant amounts of cryptocurrency, valued at thousands of dollars, within their Lunaxup wallets. Nevertheless, as is common with such incentives, you cannot withdraw them before making a deposit. Normally, a deposit of $100 is asked to access the sign-up bonus. This condition serves as the trap that ultimately culminates to the money loss.

Step 5: Disappear

The point in time the payment is submitted, the scammers cease all interaction. They go ahead to restrict users, remove accounts, and abscond with both the transferred capital and vital individual details. The fictitious benefits remain perpetually uncredited, as they lack genuine existence. They act purely as a deceptive maneuver. This technique forms the foundation for the scammers’ ability to mislead victims and steal hard-earned funds through their double-dealing online crypto scheme.

Signs of Scam

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

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

What Should I do as a Victim?

If you had to deal with Lunaxup 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 fraud, rascals may contact you with particular files. Alternatively, they may offer you to install “cryptocurrency wallet applications” or “browser extensions” to simplify access to your cryptocurrency assets. As we earlier figured out, these scoundrels have no intention of returning your capital. So, what can these messages and browser extensions represent? Correct – this is another side of the fraudulent scheme designed to throw you into deliberately installing malicious software onto your system.

Both extensions and files included to emails can act as a carrier for diverse malware. In this situation, I anticipate the presence of spyware and stealers among other kinds of threats. While it is not mandatory for scammers to distribute malware, the likelihood is always greater than zero. As previously mentioned, their ethics is of little concern, and their dignity is already seriously marred. They have no principles to lose and aim to maximize 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:

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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.

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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 Lunaxup

Name: Lunaxup

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