Olimpcoin Reviewed: Legit or Total Ripoff? Read This First

Recently, Olimpcoin.com website popped up, promoting itself as a place where you can securely store cryptocurrency and other assets. I managed to gather credible proof that clearly reveals it is, in fact, a deceptive site.

Contrary to the claims of Olimpcoin.com, they won’t refund your money. Regardless of the numbers displayed in the “member area”, there is zero means to take out even a cent. 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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Olimpcoin Scam Overview

The main feature that Olimpcoin attempts to provide is a protected and user-friendly cryptocurrency wallet service. The site promises crypto exchange services, 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 in fact only serves as a shell intended to mislead the cautious.

Olimpcoin Scam

First and foremost, Olimpcoin imitates the design of multiple similar pages. There are quite a few examples, like Peylex, Proverka or Rategex. They are entirely indistinguishable in terms of visual elements, with slight discrepancies in the webpage header. Other details, and at times even crypto wallet addresses, are the same. Probably, all these fraudulent sites are operated by a single team of swindrels.

Cryptocurrency Scam Summary

How the Olimpcoin Scam Works?

Olimpcoin is yet another website within a extensive network of interconnected crypto fraudulent webpages. The operators employ diverse brand identities and sites, like Olimpcoin.com, to trap victims. Nonetheless, these deceptive sites have in common matching designs, terms of service, and About content. This reveals their sources as parts of the identical fraudulent network, which advocates the identical form of fraud under various covers. The deceivers just copy the same scam website under diverse names to mislead users into assuming they are enrolling a new opportunity. However, in reality, it’s the equal group of swindlers orchestrating the deceptive pledges and attempts to grab deposited funds. The administrators cleverly make use of psychological tactics and captivating propositions to implement their unscrupulous plans.

Step 1: Spreading

To start the scam, criminals set up and fill accounts on popular social media platforms. They mainly aim at Facebook, Instagram, Twitter, and TikTok. Subsequently, the advertising campaign commences. Utilizing bots and sponsored advertisements (when possible), fraud actors intensify the presence of their scam activities to possible victims. This approach allows them to cast a broad net and interact with their aimed viewers. This public commonly comprises of cryptocurrency fans looking for prospects to generate profits.

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

Step 2: Gaining Traffic

Users who show interest go to Olimpcoin.com via links featured in promotions or robotic posts. The webpage uses captivating visuals, design aspects that appear legitimate, and claims of possessing a valid license, all intended to project an initial perception of trustworthiness.

Step 3: Data Gathering

To claim their prizes, users must proactively sign up on Olimpcoin and get prompts to provide sensitive and personal data throughout the sign-up procedure. This includes linking their cryptocurrency wallets, sharing email addresses, supplying phone numbers, sending in identification papers, and the like.

Step 4: Requesting funds

Once enrolled, users observe considerable amounts of cryptocurrency, valued at thousands of dollars, within their Olimpcoin wallets. Nevertheless, as it usually happens with such incentives, you can’t withdraw them ahead of topping up your account. Usually, a funds transfer 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 sent, the deceivers terminate all interaction. They go ahead to bar users, erase accounts, and abscond with both the submitted money and essential personal details. The fictitious prizes continue to be perpetually uncredited, as they lack actual existence. They function exclusively as a deceptive ploy. This approach forms the foundation for the deceivers’ capability to trick victims and misappropriate hard-earned funds through their deceptive internet-based crypto scheme.

Signs of Scam

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

• False Celebrity Sponsorship. Olimpcoin often resorts to fake endorsements from celebrities such as Elon Musk, Jeff Bezos, Mr. Beast, and Mark Zuckerberg. This fraudulent tactic extends to claiming partnerships with reputable companies like Coinbase, Binance, or MetaMask, despite lacking any genuine affiliations.
• Cryptocurrency-Only Payments. Olimpcoin.com exclusively accepts payments in cryptocurrencies, rejecting traditional bank transfers and other methods. This approach not only masks the company’s identity but also eliminates the possibility of seeking refunds.
• Dubious Company Information. Olimpcoin raises suspicion by withholding essential ownership, location, and registration details. Furthermore, the absence of legitimate contact information and the recent establishment of domain and social media pages intensify skepticism.
• Unsubstantiated Hype. Olimpcoin.com employs groundless hype tactics, fabricating events like securing contracts with Coinbase or receiving endorsements from Elon Musk. These manipulative techniques aim to instill false confidence and encourage further investments.
• Potential Pyramid Scheme. The scam relies on a structure resembling a Ponzi scheme, leveraging a referral system spread through social media. However, only initial participants benefit, often at the expense of subsequent investors.
• Implausible Claims. Promising returns of 50-100-200%, Olimpcoin preys on the desire for quick profits. Yet, the volatile nature of the cryptocurrency market makes such gains highly unlikely, definitively labeling Olimpcoin as a scam.

What Should I do as a Victim?

If you had to deal with Olimpcoin 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 duration of the scam, scoundrels may get in touch with you with specific files. Alternatively, they may offer you to set up “cryptocurrency wallet applications” or “browser extensions” to streamline access to your crypto savings. As we already determined, these scoundrels have no intention of giving back your capital. So, what can these emails and browser add-ons represent? Correct – this is another component of the fraudulent scheme designed to entice you into deliberately installing malicious software onto your system.

Both plugins and files added to emails can serve as a shell for diverse malware. In this case, I expect the presence of spyware and stealers among other kinds of threats. While it is not obligatory for scammers to distribute malware, the chance is always significant. As previously mentioned, their morality is of little concern, and their dignity is already neck deep in mud. They have no principles to give up and strive to boost profits.

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 Olimpcoin

Name: Olimpcoin

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