Recently, Rakexbit.com service surfaced, promoting itself as a place where you can safely keep cryptocurrency and other assets. I managed to gather credible proof that clearly confirms it is, actually, a deceptive site.
Despite what Rakexbit site states, they will never give back your funds. Even though the numbers displayed in the “member area”, there is zero means to take out even a single penny. All commitments regarding crypto rewards are baseless as well.
Rakexbit Scam Overview
The main service that Rakexbit strives to provide is a protected and convenient crypto wallet service. The website promises exchange facilities, tools for handling wallets, transfers, dashboards, and similar stuff. In fact, they aim to emulate the functionality of a crypto exchange, like Binance or Coinbase. However, it in fact exclusively serves as a cover intended to lull the vigilance.
To begin with, Rakexbit reproduces the design of multiple equivalent online platforms. There are quite a few examples, like Biosunex, Biarux or Ploidex. They are entirely undistinguishable in terms of visual elements, with minor discrepancies in the webpage header. Other details, and sometimes even crypto wallet addresses, are identical. Probably, all these scam online platforms are led by a single team of fraudsters.
Cryptocurrency Scam Summary
Website | Rakexbit.com |
Hosting | AS42745 Safe Value Limited Russia, Moscow |
IP Address | 193.233.15.41 |
Threat Type | Scam/Fraud |
Scam Type | Fraudulent offers of cryptocurrency services |
How the Rakexbit Scam Works?
Rakexbit is yet another website within a vast network of interconnected crypto fraudulent webpages. The managers utilize diverse brand identities and websites, like Rakexbit.com, to capture victims. Nonetheless, these deceptive websites have in common the same designs, terms of service, and About Us information. This unveils their sources as parts of the identical fraudulent network, which advocates the similar mode of fraud under different covers. The scammers simply duplicate the equal scam site under different names to fool users into thinking they are participating in a new platform. However, in actuality, it’s the identical group of fraudsters orchestrating the misleading pledges and attempts to take deposited funds. The operators shrewdly utilize psychological strategies and enticing invitations to implement their dishonest schemes.
Step 1: Spreading
To begin the scam, criminals create and fill accounts on popular social media platforms. They primarily focus on Facebook, Instagram, Twitter, and TikTok. Subsequently, the advertising campaign begins. Utilizing bots and sponsored ads (when possible), scam actors intensify the presence of their deceptive activities to possible victims. This strategy enables them to create an extensive net and interact with their focused viewers. The latter commonly consists of cryptocurrency fans searching for prospects to earn profits.
Users get an incentive to sign up, enticed by the assurance of obtaining crypto prizes valued at hundreds of dollars, all without cost. To enhance the appeal of the offer, fake suggestions of sponsorship by a celebrity are added. As you may guess, these claims are completely baseless.
Step 2: Gaining Traffic
Individuals who express interest go to Rakexbit.com via links included in ads or robotic posts. The website utilizes captivating visuals, design aspects that appear legitimate, and claims of holding a legitimate license, all designed to project an initial impression of trustworthiness.
Step 3: Data Gathering
To claim their benefits, users need to deliberately create an account on Rakexbit and get instructions to provide sensitive and private information throughout the registration process. This includes linking their cryptocurrency wallets, sharing email addresses, supplying phone numbers, submitting identification documents, and the like.
Step 4: Requesting funds
Once enrolled, users observe considerable amounts of cryptocurrency, valued at thousands of dollars, within their Rakexbit wallets. Nonetheless, as it usually happens with such bonuses, you are unable to withdraw them before making a deposit. Typically, a payment of $100 is asked to get the sign-up bonus. This condition serves as the snare that ultimately culminates to the money loss.
Step 5: Disappear
The moment the funds transfer is submitted, the deceivers cease all communication. They go ahead to bar users, erase accounts, and abscond with both the transferred funds and essential private details. The fabricated rewards persist perpetually uncredited, as they lack real existence. They act solely as a fraudulent strategy. This approach forms the foundation for the scammers’ capacity to mislead victims and embezzle hard-earned money through their deceptive web crypto fraud.
Signs of Scam
I gathered several facts that point at the scammy nature of the Rakexbit.com. Actually, there are a lot of scams that fall under the same points, so they are pretty much universal.
- Absent company details. Rakexbit 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 Rakexbit 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 Rakexbit, 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 Rakexbit is a definite scam.
What Should I do as a Victim?
If you had to deal with Rakexbit 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 course of the fraud, its actors may reach out to you with specific documents. Alternatively, they may suggest you to set up “cryptocurrency wallet applications” or “browser extensions” to facilitate access to your crypto assets. As we already figured out, these scammers have no intention of giving back your funds. So, what can these messages and browser plugins represent? You guessed – this is another component of the scam designed to throw you into willingly installing destructive programs onto your system.
Both add-ons and attachments added to email messages can function as a carrier for different malware. In this scenario, I foresee the presence of spyware and stealers among other kinds of malware. While it is not mandatory for scammers to distribute malware, the chance is always existent. As previously mentioned, their ethics is of no concern, and their dignity is already deeply compromised. They have nothing to give up and aim 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.
![Gridinsoft Anti-Malware - Main Screen](/wp-content/uploads/2023/07/gsam-main.webp)
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.
![setup-gridinsoft-fix.exe](/wp-content/uploads/2023/07/setup-gridinsoft-fix-file.png)
3.Follow the installation setup wizard's instructions diligently.
![Gridinsoft Setup Wizard](/wp-content/uploads/2023/07/gridinsoft-setup-wizard.webp)
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.
![Scan for spyware malicious programs](/wp-content/uploads/2023/07/gsam-scan-1.webp)
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.
![The spyware was Found](/wp-content/uploads/2023/07/gsam-scan-finished.webp)
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.
![The spyware has been removed](/wp-content/uploads/2023/07/gsam-removal.webp)
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.
![Trojan Killer - Main View](/wp-content/uploads/2023/07/tk-main.webp)
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.
![Download Trojan Killer](/wp-content/uploads/2023/07/tk-download.webp)
2. Insert a USB flash drive into this computer.
3. Install Trojan Killer to the "removable drive" following the on-screen instructions.
![Install Trojan Killer to Removable Drive](/wp-content/uploads/2023/07/tk-setup.webp)
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.
![Click Update Button](/wp-content/uploads/2023/07/tk-update.webp)
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.
![Searching spyware Virus](/wp-content/uploads/2023/07/tk-scan.webp)
Step 4: Remove Found Threats:
12. After the scan is complete, Trojan Killer will display a list of detected threats.
![Searching spyware Finished](/wp-content/uploads/2023/07/tk-scan-complete.webp)
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.
![Restart needed](/wp-content/uploads/2023/07/tk-finish.webp)
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 vast majority of information posted on the Rakexbit site is false. It is either fabricated, or a manipulation that misses the context of mentioned events. However, things like quotes or other interactive elements related to current prices may be trustworthy. But I would rather avoid using them as a primary source of information.
No, there is no legitimate information on the Rakexbit site. The operators of this site use fabricated details and deceptive tactics to create an appearance of credibility, such as appealing visuals and claims of being a licensed company. However, these claims are false, and the site is part of a larger network of interconnected crypto scam sites designed to defraud victims. The scammers manipulate users into providing sensitive personal information and making deposits, ultimately leading to the loss of funds.
Unfortunately, recovering funds lost to a scam like Rakexbit can be extremely challenging, if not impossible. Scammers often operate from obscure locations and use various tactics to cover their tracks, making it difficult to trace or retrieve the stolen funds. In many cases, these scams are designed to exploit victims and disappear once they have obtained the money.
Spotting crypto trading scams requires vigilance and a critical eye. Here are some tips to help you identify potential crypto trading scams in the future:
- Scrutinize Celebrity Endorsements. Be cautious of endorsements from celebrities or public figures. Scammers often fabricate endorsements to gain credibility.
- Resist Urgency. Watch out for tactics that create a sense of urgency to pressure quick decisions. Legitimate investments offer time for research and consideration.
- Consult Reviews and Feedback. Look for independent reviews and feedback from fellow traders. Scammers may create fake positive reviews, but negative reviews can provide valuable insights.
- Question Unrealistic Promises. Be skeptical of offers promising unrealistically high returns or guaranteed profits. If an investment opportunity seems too good to be true, it likely is.
- Verify Regulation and Licensing. Check if the platform or service is regulated and licensed by relevant authorities. Scammers often operate without proper authorization.
If you have become a victim of a Rakexbit or similar crypto trading scam, it’s important to take immediate action to minimize further damage and increase the chances of recovering your losses. Here’s what you should do:
- Contact Financial Institutions. If you conducted any payments or deposits through your credit card or bank account, promptly notify your financial institution. They might offer assistance in contesting transactions or initiating chargebacks.
- Immediately Halt Communication. Once you recognize that you have fallen victim to a scam, cease all communication with the scammers. Refrain from responding to their emails, messages, or phone calls.
- Consult Legal Counsel. Seek counsel from a legal expert specialized in fraud or financial matters. They can provide guidance on potential legal avenues for recovering your funds.
- Inform the Authorities. Lodge an official report with your local law enforcement agency and relevant regulatory bodies within your country. Present them with the amassed evidence. This step instigates investigations and enhances awareness about the scam.
- Notify Cryptocurrency Exchanges. Should you have employed a cryptocurrency exchange for transactions linked to the scam, inform the exchange about the fraudulent activity. In certain cases, they could extend their assistance.
- Seek Legal Advice. Consult with a legal professional who specializes in fraud or financial matters. They can provide advice on potential legal actions you can take to recover your funds.
- Thoroughly Document the Events. Gather and safeguard all pertinent information, including emails, screenshots, transaction records, and any correspondence with the scammers. This documentation holds utmost importance for reporting the scam and seeking assistance.
The truth about Rakexbit
Name: Rakexbit
Description: Cryptocurrency scams continue to increase as digital assets achieve mainstream adoption. A recent example of such a scam involves Rakexbit, a fraudulent crypto exchange that entices victims with promises of free crypto giveaways. This detailed article will extensively examine the operations of the Rakexbit scam, techniques for recognizing it, and, most crucially, ways to evade becoming a victim.
Operating System: All
Application Category: Crypto Scams