Investigating Rixcoins: Legit or Scam? The Truth Revealed

Recently, Rixcoins.com site appeared, promoting itself as a platform to store cryptocurrency and other assets safely. I managed to gather credible supporting information that unmistakably confirms it is, actually, a scam platform.

Contrary to the claims of Rixcoins.com, they won’t ever refund your money. Regardless of the numbers displayed in the “member area”, there is zero way to take out even a single cent. All pledges regarding crypto incentives are empty as well.

It is better to prevent, than repair and repent!

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Rixcoins Scam Overview

The key offering that Rixcoins strives to provide is a safe and user-friendly crypto wallet service. The website pledges exchange facilities, tools for handling wallets, transfers, dashboards, and alike functions. In truth, they endeavor to emulate the functionality of a crypto trading platform, like Binance or Coinbase. However, it in actuality only serves as a shell needed to fool the cautious.

Rixcoins Scam

Initially, Rixcoins mimics the design of multiple equivalent online platforms. There are quite a few examples, like Plowbix, Avroracash24 or Astralxtrade. They are entirely undistinguishable in terms of graphic elements, with small discrepancies in the webpage header. Other particulars, and sometimes even crypto wallet addresses, are unchanged. Probably, all these fraudulent online platforms are operated by a single gang of fraudsters.

Cryptocurrency Scam Summary

How the Rixcoins Scam Works?

Rixcoins is yet another online platform within a extensive network of associated crypto deceptive webpages. The managers employ different brand identities and websites, like Rixcoins.com, to trap victims. Nevertheless, these false websites possess matching website designs, terms of service, and About content. This reveals their origins as components of the identical fraudulent network, which advocates the identical form of deception under various covers. The scammers simply copy the equal fraudulent site under diverse names to fool users into assuming they are joining a fresh opportunity. However, in reality, it’s the identical system of fraudsters orchestrating the fraudulent pledges and attempts to seize deposited cryptocurrency. The managers cleverly make use of psychological tactics and captivating propositions to carry out their unscrupulous plans.

Step 1: Spreading

To begin the deceptive scheme, criminals set up and fill accounts on well-liked social media platforms. They generally focus on Facebook, Instagram, Twitter, and TikTok. Subsequently, the advertising campaign commences. Utilizing bots and sponsored promotions (when possible), scam actors increase the exposure of their fraudulent activities to possible victims. This strategy allows them to cast an extensive net and connect with their focused audience. The latter typically consists of cryptocurrency enthusiastic individuals searching for opportunities to make profits.

Users obtain an incentive to register, attracted by the assurance of receiving crypto prizes valued at thousands of dollars, all without cost. To enhance the appeal of the offer, false suggestions of sponsorship by a celebrity are incorporated. As you may guess, these assertions are completely baseless.

Step 2: Gaining Traffic

Individuals who demonstrate interest go to Rixcoins.com via links featured in ads or bot-generated posts. The website utilizes captivating visuals, design aspects that appear legitimate, and assertions of holding a valid license, all intended to project an initial impression of credibility.

Step 3: Data Gathering

To collect their benefits, users must proactively create an account on Rixcoins and get guidance to provide sensitive and personal data during the registration procedure. This comprises linking their cryptocurrency wallets, providing email addresses, specifying phone numbers, furnishing identification documents, and the like.

Step 4: Requesting funds

Once enrolled, users witness substantial amounts of cryptocurrency, valued at thousands of dollars, within their Rixcoins wallets. However, as is typical with such bonuses, you can’t withdraw them prior to topping up your account. Usually, a payment of $100 is asked to withdraw the sign-up bonus. This condition serves as the enticement that eventually culminates to the money loss.

Step 5: Disappear

The instant the payment is submitted, the scammers terminate all interaction. They go ahead to block users, remove accounts, and disappear with both the transferred money and essential private details. The phony benefits continue to be perpetually uncredited, as they lack real existence. They operate exclusively as a fraudulent strategy. This approach forms the foundation for the fraudsters’ capability to deceive victims and embezzle hard-earned funds through their double-dealing web crypto scam.

Signs of Scam

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

• Absent company details. Rixcoins 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 Rixcoins 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 Rixcoins, 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 Rixcoins is a definite scam.

What Should I do as a Victim?

If you had to deal with Rixcoins 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 to Authorities. Your initial action should involve reporting the scam to local authorities responsible for addressing financial fraud. Additionally, reach out to wallet providers and engage with the technical support teams of social networks. This collective effort raises the bar for the scammers’ operations.
• Inform Your Inner Circle. Extend your impact by sharing information about the scam with your close friends. Similar to notifying authorities, this dissemination of details curbs the scammers’ potential to deceive.
• Document the Trail. Assemble a comprehensive record by capturing screenshots and archiving all relevant website-related data. This encompasses the website URL, screenshots of the main page, login interface, end-user license agreement (EULA), account top-up menu, and wallet addresses. These materials offer invaluable leads for authorities in their pursuit of the scammers.
• Explore Refund Possibilities. While cryptocurrency payments may not typically align with traditional bank refund policies, it’s worthwhile to explore potential refund avenues under specific circumstances. Maintain a positive outlook until you secure confirmation of the loss.
• Transform Loss into Insight. Shift your focus from the financial loss to gaining wisdom. Consider your loss as an investment in comprehending the tactics employed by crypto scam sites. Familiarize yourself with their distinctive traits, the methods they employ to entice individuals, and the extravagant pledges they make. This knowledge equips you to recognize and avoid future traps, minimizing the risk of enduring further 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 scam, scoundrels may contact you with particular files. Alternatively, they may offer you to set up “cryptocurrency wallet applications” or “browser extensions” to streamline access to your crypto savings. As we previously determined, these scoundrels have no plan of giving back your capital. So, what can these email messages and browser add-ons represent? Correct – this is another element of the deceptive plan designed to entice you into deliberately installing destructive programs onto your device.

Both add-ons and files added to email messages can serve as a carrier for diverse malicious software. In this situation, I foresee the presence of spyware and stealers among all types of threats. While it is not obligatory for scammers to distribute malware, the probability is always greater than zero. As stated, their conscience is of no concern, and their reputation is already seriously marred. They have no principles to lose and strive to maximize gains.

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.

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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.

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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 Rixcoins

Name: Rixcoins

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