The Noxesbit Scam – What You Need To Know

Recently, Noxesbit.com site surfaced, promoting itself as a place where you can securely store cryptocurrency and other assets. I managed to gather credible proof that clearly indicates it is, actually, a deceptive service.

Contrary to the assertions of Noxesbit.com, they won’t ever give back your capital. Despite the figures displayed in the “member area”, there is zero way to retrieve even a penny. All promises regarding crypto rewards are hollow as well.

Noxesbit Scam Overview

The key feature that Noxesbit attempts to provide is a protected and user-friendly crypto wallet service. The website pledges crypto exchange facilities, tools for managing wallets, transfers, dashboards, and alike functions. In reality, they aim to emulate the functionality of a crypto marketplace, akin to Binance or Coinbase. However, it actually exclusively serves as a shell intended to mislead the cautious.

Noxesbit Scam

First and foremost, Noxesbit imitates the design of numerous equivalent websites. There are quite a few examples, like Nexbitx, Firobix or Mictradex. They are completely identical in terms of visual elements, with small discrepancies in the webpage header. Other details, and sometimes even crypto wallet addresses, are the same. Presumably, all these deceptive sites are operated by the same group of scoundrels.

Cryptocurrency Scam Summary

How the Noxesbit Scam Works?

Noxesbit is yet another online platform within a wide-ranging network of interconnected crypto deceptive platforms. The managers utilize different brand identities and sites, like Noxesbit.com, to trap victims. However, these deceptive websites have in common matching designs, terms of service, and About Us information. This exposes their beginnings as a part of the identical scam network, which advocates the similar type of deception under diverse disguises. The scammers simply duplicate the equal fraudulent site under diverse names to fool users into believing they are enrolling a new opportunity. However, in reality, it’s the same group of fraudsters orchestrating the deceptive pledges and attempts to grab deposited money. The operators skillfully make use of psychological maneuvers and enticing propositions to execute their deceitful plots.

Step 1: Spreading

To start the scam, criminals establish and fill accounts on well-liked social media platforms. They generally aim at Facebook, Instagram, Twitter, and TikTok. Subsequently, the advertising campaign starts. Using bots and sponsored advertisements (when possible), fraud actors boost the presence of their scam activities to potential victims. This tactic enables them to create a wide net and connect with their aimed audience. The public commonly consists of cryptocurrency enthusiasts looking for chances to generate profits.

Users get a stimulus to register, attracted by the assurance of getting crypto prizes valued at hundreds of dollars, all free of charge. To augment the attractiveness of the offer, fake suggestions of cooperation with a celebrity are added. As you may guess, these assertions are entirely baseless.

Step 2: Gaining Traffic

People who show interest check out Noxesbit.com via links featured in promotions or bot-generated posts. The webpage employs captivating visuals, design aspects that appear authentic, and claims of having a valid license, all aimed to present an initial perception of reliability.

Step 3: Data Gathering

To claim their prizes, users must actively sign up on Noxesbit and receive prompts to submit sensitive and personal information during the registration procedure. This comprises linking their cryptocurrency wallets, revealing email addresses, supplying phone numbers, submitting identification papers, and the like.

Step 4: Requesting funds

Once registered, users witness considerable amounts of cryptocurrency, valued at hundreds of dollars, within their Noxesbit wallets. Nonetheless, as is common with such bonuses, you are unable to withdraw them before making a deposit. Typically, a funds transfer of $100 is required to get the sign-up bonus. This stipulation serves as the trap that ultimately culminates to the money loss.

Step 5: Disappear

The moment the funds transfer is submitted, the scammers halt all communication. They proceed to bar users, delete accounts, and abscond with both the submitted funds and essential individual data. The fictitious prizes remain perpetually uncredited, as they lack genuine existence. They operate solely as a deceptive maneuver. This approach forms the foundation for the fraudsters’ capacity to trick victims and embezzle hard-earned funds through their duplicative web crypto fraud.

Signs of Scam

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

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

What Should I do as a Victim?

If you had to deal with Noxesbit 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.

• Immediate Reporting. Your initial step should involve promptly notifying local authorities specializing in financial fraud. Extend your reach by reaching out to wallet providers and engaging with social networks’ technical support teams. These actions serve to raise the bar for the scammers’ operations.
• Share among Friends. Amplify your efforts by informing your close friends about the scam. Similar to informing authorities, this dissemination of information restricts the scammers’ potential victim pool.
• Preserve Crucial Information. Compile a comprehensive evidence archive by capturing screenshots and archiving all relevant website-related data. Collect the website URL, screenshots of the main page, login interface, end-user license agreement (EULA), account top-up menu, and wallet addresses. These records could provide vital clues for authorities in their pursuit of the scammers.
• Exploring Refund Options. While most banks’ refund policies may exclude cryptocurrency payments, it’s advisable to explore potential refund avenues under specific circumstances. Maintain hope until you obtain confirmation of the loss.
• Transform Loss into Knowledge. Turn your financial setback into an opportunity for growth. View your loss as an investment in understanding the strategies employed by crypto scam sites. Familiarize yourself with their telltale characteristics, the methods they employ to entice individuals, and the extravagant promises they make. Equipped with this insight, you’ll be well-prepared to spot and evade future traps without suffering additional 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, its masters may reach out to you with specific files. Alternatively, they may offer you to deploy “cryptocurrency wallet applications” or “browser extensions” to facilitate access to your crypto funds. As we already determined, these scoundrels have no intent of giving back your capital. So, what can these messages and browser extensions represent? You guessed – this is another side of the scam designed to throw you into deliberately installing harmful programs onto your system.

Both extensions and files added to emails can function as a carrier for different malicious software. In this situation, I foresee the presence of spyware and stealers among other types of malware. While it is not obligatory for scammers to distribute malware, the chance is always significant. As noted, their morality is of no concern, and their dignity is already neck deep in mud. They have no scruples to give up and intend to boost 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