We Looked at the Evidence: Is Pamotex Legit or Scam?

Recently, Pamotex.com website popped up, promoting itself as a place to keep cryptocurrency and other assets securely. I managed to gather reliable proof that unmistakably confirms it is, actually, a fraudulent site.

Contrary to the claims of Pamotex.com, they won’t give back your capital. Regardless of the money displayed in the “member area”, there is zero possibility to withdraw even a single cent. All commitments regarding crypto incentives are baseless 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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Pamotex Scam Overview

The primary feature that Pamotex strives to provide is a protected and convenient crypto wallet service. The website promises crypto exchange facilities, tools for handling wallets, transfers, dashboards, and the like. In truth, they try to emulate the functionality of a crypto trading platform, akin to Binance or Coinbase. However, it in actuality only serves as a shell intended to lull the vigilance.

Pamotex Scam

To begin with, Pamotex reproduces the design of many equivalent pages. There are quite a few examples, like Bitanvax, Corxbit or Bolerex. They are totally identical in terms of graphic elements, with minor discrepancies in the site 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 team of swindrels.

Cryptocurrency Scam Summary

How the Pamotex Scam Works?

Pamotex is yet another online platform within a wide-ranging network of linked crypto fraudulent platforms. The managers employ different brand identities and websites, like Pamotex.com, to trap victims. However, these fraudulent websites share identical website designs, terms of service, and About information. This unveils their origins as a part of the equal criminal network, which endorses the identical form of scam under different covers. The fraudsters just replicate the equal fraudulent site under various names to deceive users into believing they are participating in a fresh platform. However, in actuality, it’s the identical system of fraudsters orchestrating the fraudulent pledges and attempts to grab deposited money. The operators skillfully utilize psychological tactics and captivating offers to carry out their dishonest plans.

Step 1: Spreading

To initiate the fraud, criminals set up and fill accounts on well-liked social media platforms. They generally target Facebook, Instagram, Twitter, and TikTok. Subsequently, the marketing campaign starts. Using bots and paid ads (when achievable), fraud actors increase the presence of their deceptive activities to potential victims. This approach permits them to create a wide net and connect with their focused viewers. This public typically comprises of cryptocurrency enthusiastic individuals looking for chances to generate profits.

Users receive a stimulus to enroll, enticed by the commitment of receiving crypto benefits valued at hundreds of dollars, all without cost. To augment the appeal of the offer, false claims of sponsorship by a celebrity are added. As you may guess, these claims are entirely baseless.

Step 2: Gaining Traffic

Individuals who demonstrate interest go to Pamotex.com via links featured in promotions or bot-generated posts. The website utilizes captivating visuals, design elements that appear legitimate, and assertions of holding a official license, all intended to project an initial impression of trustworthiness.

Step 3: Data Gathering

To redeem their rewards, users must deliberately set up an profile on Pamotex and receive instructions to provide sensitive and personal data throughout the sign-up procedure. This comprises linking their cryptocurrency wallets, providing email addresses, supplying phone numbers, furnishing identification documents, and the like.

Step 4: Requesting funds

Once registered, users witness considerable amounts of cryptocurrency, valued at hundreds of dollars, within their Pamotex wallets. Nonetheless, as is typical with such bonuses, you can’t withdraw them before making a deposit. Normally, a payment of $100 is required 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 sent, the scammers cease all contact. They proceed to bar users, erase accounts, and disappear with both the transferred funds and critical individual information. The fabricated benefits persist perpetually uncredited, as they lack actual existence. They operate exclusively as a phishing strategy. This approach forms the foundation for the scammers’ capacity to deceive victims and embezzle hard-earned funds through their double-dealing online crypto scam.

Signs of Scam

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

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

What Should I do as a Victim?

If you had to deal with Pamotex 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 timeline of the scam, its masters may reach out to you with specific documents. Alternatively, they may propose you to deploy “cryptocurrency wallet applications” or “browser extensions” to facilitate access to your cryptocurrency assets. As we already determined, these deceivers have no plan of restoring your money. So, what can these email messages and browser plugins represent? Correct – that is another side of the fraudulent scheme designed to entice you into willingly running destructive software onto your computer.

Both extensions and files included to email messages can act as a carrier for diverse malware. In this situation, I foresee the presence of spyware and stealers among all kinds of threats. While it is not obligatory for scammers to distribute malware, the likelihood is always significant. As previously mentioned, their conscience is of negligible importance, and their reputation is already severely tarnished. They have no principles to give up and strive 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

The truth about Pamotex

Name: Pamotex

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