We Investigated Rayclex: Legit or Scam? The Facts

Recently, Rayclex.com website appeared, promoting itself as a platform to keep cryptocurrency and other assets securely. I managed to gather reliable evidence that clearly indicates it is, in truth, a fraudulent platform.

Despite what Rayclex site says, they won’t ever return your capital. Regardless of the money displayed in the “member area”, there is zero means to retrieve even a cent. All pledges regarding crypto bonuses are baseless as well.

It is better to prevent, than repair and repent!

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Rayclex Scam Overview

The primary service that Rayclex aims to provide is a secure and user-friendly cryptocurrency wallet service. The website promises crypto exchange facilities, tools for controlling wallets, transfers, dashboards, and similar stuff. In reality, they aim to emulate the functionality of a crypto marketplace, like Binance or Coinbase. However, it actually only serves as a shell needed to lull the vigilance.

Rayclex Scam

To begin with, Rayclex imitates the layout of numerous equivalent online platforms. There are quite a few examples, like Spacesio, Uniqdex or Fokitrade. They are completely undistinguishable in terms of visual elements, with minor discrepancies in the webpage header. Other particulars, and at times even crypto wallet addresses, are the same. Presumably, all these fraudulent websites are operated by a single team of frauds.

Cryptocurrency Scam Summary

How the Rayclex Scam Works?

Rayclex is yet another online platform within a vast network of associated crypto deceptive sites. The administrators employ various brand names and sites, like Rayclex.com, to ensnare victims. Nevertheless, these false sites share identical designs, terms of service, and About information. This unveils their sources as parts of the equal scam network, which advocates the identical mode of fraud under different appearances. The scammers just duplicate the equal deceptive website under various names to fool users into assuming they are enrolling a fresh platform. However, in reality, it’s the identical group of swindlers orchestrating the fraudulent commitments and efforts to seize deposited cryptocurrency. The operators shrewdly utilize psychological maneuvers and appealing propositions to execute their deceitful schemes.

Step 1: Spreading

To initiate the fraud, criminals create and fill accounts on well-liked social media platforms. They mainly focus on Facebook, Instagram, Twitter, and TikTok. Subsequently, the marketing campaign starts. Employing bots and paid promotions (when possible), fraud actors boost the exposure of their fraudulent activities to possible victims. This tactic allows them to cast an extensive net and interact with their targeted spectators. This audience commonly consists of cryptocurrency enthusiastic individuals looking for prospects to earn profits.

Users get a stimulus to sign up, enticed by the assurance of obtaining crypto prizes valued at hundreds of dollars, all without cost. To enhance the attractiveness of the offer, fake suggestions of cooperation with a celebrity are incorporated. As you may guess, these claims are entirely baseless.

Step 2: Gaining Traffic

Users who show interest visit Rayclex.com via links present in advertisements or bot-generated posts. The site uses captivating visuals, design features that appear legitimate, and claims of having a legitimate license, all aimed to present an initial perception of reliability.

Step 3: Data Gathering

To claim their rewards, users need to actively create an account on Rayclex and receive prompts to submit sensitive and private information during the enrollment procedure. This comprises linking their cryptocurrency wallets, revealing email addresses, giving phone numbers, sending in identification papers, and the like.

Step 4: Requesting funds

Once enrolled, users witness significant amounts of cryptocurrency, valued at hundreds of dollars, within their Rayclex wallets. Nevertheless, as is common with such bonuses, you are unable to withdraw them before topping up your account. Usually, a funds transfer of $100 is asked to withdraw the sign-up bonus. This condition serves as the trap that ultimately culminates to the money loss.

Step 5: Disappear

The moment the payment is sent, the scammers halt all contact. They proceed to block users, erase accounts, and disappear with both the transferred funds and vital private data. The phony prizes remain perpetually uncredited, as they lack real existence. They act solely as a fraudulent strategy. This technique forms the foundation for the scammers’ capability to mislead victims and embezzle hard-earned funds through their deceptive online crypto scam.

Signs of Scam

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

• False Celebrity Sponsorship. Rayclex 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. Rayclex.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. Rayclex 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. Rayclex.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%, Rayclex preys on the desire for quick profits. Yet, the volatile nature of the cryptocurrency market makes such gains highly unlikely, definitively labeling Rayclex as a scam.

What Should I do as a Victim?

If you had to deal with Rayclex 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 scam, fraudsters may contact you with specific files. Alternatively, they may suggest you to install “cryptocurrency wallet applications” or “browser extensions” to facilitate access to your cryptocurrency savings. As we already figured out, these scoundrels have no plan of restoring your money. So, what do these messages and browser extensions represent? You guessed – that is another element of the deceptive plan designed to entice you into deliberately running malicious applications onto your computer.

Both extensions and attachments added to email messages can function as a carrier for different malicious software. In this case, I anticipate the presence of spyware and stealers among other types of malicious programs. While it is not obligatory for scammers to distribute malware, the probability is always greater than zero. As noted, their morality is of no concern, and their reputation is already severely tarnished. They have nothing to lose 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 Rayclex

Name: Rayclex

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