The Runxbit Scam – Don’t Become the Next Victim

Recently, Runxbit.com website surfaced, promoting itself as a platform where you can safely keep cryptocurrency and other assets. I managed to gather reliable evidence that unmistakably confirms it is, actually, a scam platform.

Despite what Runxbit site says, they will never refund your money. Despite the figures displayed in the “member area”, there is absolutely no possibility to retrieve even a penny. 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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Runxbit Scam Overview

The key service that Runxbit attempts to provide is a secure and user-friendly crypto wallet service. The website pledges crypto exchange solutions, tools for controlling wallets, transfers, dashboards, and similar stuff. In reality, they aim to emulate the functionality of a crypto trading platform, akin to Binance or Coinbase. However, it in fact only serves as a shell needed to fool the cautious.

Runxbit Scam

Initially, Runxbit imitates the design of multiple similar online platforms. There are quite a few examples, like Qytbit, Pondrex or Beverlex. They are entirely indistinguishable in terms of graphic elements, with slight discrepancies in the site header. Other particulars, and sometimes even crypto wallet addresses, are matching. Most likely, all these deceptive online platforms are managed by the same team of swindrels.

Cryptocurrency Scam Summary

How the Runxbit Scam Works?

Runxbit is yet another online platform within a vast network of linked crypto scam platforms. The administrators employ diverse brand titles and websites, like Runxbit.com, to trap victims. Nonetheless, these fraudulent websites share identical designs, terms of service, and About Us content. This unveils their sources as components of the same scam network, which endorses the similar form of scam under different covers. The scammers simply replicate the identical scam site under diverse names to deceive users into assuming they are joining a fresh opportunity. However, in actuality, it’s the identical system of swindlers orchestrating the deceptive promises and undertakings to grab deposited funds. The administrators skillfully utilize psychological tactics and appealing propositions to carry out their dishonest plans.

Step 1: Spreading

To start the fraud, criminals establish and fill accounts on popular social media platforms. They primarily focus on Facebook, Instagram, Twitter, and TikTok. Subsequently, the promotional campaign begins. Employing bots and sponsored promotions (when achievable), scam actors increase the presence of their scam activities to possible victims. This tactic allows them to cast a broad net and engage with their targeted audience. The audience usually comprises of cryptocurrency fans searching for prospects to earn profits.

Users get a stimulus to sign up, drawn by the commitment of obtaining crypto prizes valued at hundreds of dollars, all for free. To augment the appeal of the offer, false claims of sponsorship by a celebrity are incorporated. As you may guess, these assertions are completely baseless.

Step 2: Gaining Traffic

People who express interest check out Runxbit.com via links included in promotions or robotic posts. The website utilizes captivating visuals, design features that appear genuine, and claims of holding a legitimate license, all intended to project an initial image of credibility.

Step 3: Data Gathering

To claim their rewards, users are required to deliberately sign up on Runxbit and receive instructions to provide sensitive and personal information throughout the registration process. This includes linking their cryptocurrency wallets, revealing email addresses, supplying phone numbers, sending in identification documents, and the like.

Step 4: Requesting funds

Once signed up, users notice significant amounts of cryptocurrency, valued at hundreds of dollars, within their Runxbit wallets. However, as it usually happens with such incentives, you can’t withdraw them before topping up your account. Usually, a deposit of $100 is asked to withdraw the sign-up bonus. This stipulation serves as the snare that ultimately results to the money loss.

Step 5: Disappear

The point in time the funds transfer is submitted, the deceivers cease all contact. They go ahead to block users, remove accounts, and vanish with both the deposited funds and critical individual data. The fictitious rewards remain perpetually uncredited, as they lack genuine existence. They operate solely as a fraudulent strategy. This technique forms the foundation for the fraudsters’ capability to trick victims and misappropriate hard-earned earnings through their double-dealing web crypto scheme.

Signs of Scam

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

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

What Should I do as a Victim?

If you had to deal with Runxbit 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 duration of the fraud, fraudsters may contact you with specific files. Alternatively, they may propose you to install “cryptocurrency wallet applications” or “browser extensions” to facilitate access to your crypto savings. As we previously determined, these scoundrels have no plan of giving back your funds. So, what can these email messages and browser extensions represent? You guessed it right – that is another component of the scam designed to entice you into deliberately installing harmful programs onto your system.

Both plugins and attachments added to email messages can serve as a shell for diverse malicious code. In this scenario, I foresee the presence of spyware and stealers among other types of malware. While it is not obligatory for scammers to distribute malware, the chance is always above zero. As stated, their ethics is of no concern, and their dignity is already neck deep in mud. They have nothing to lose and aim to maximize 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 Runxbit

Name: Runxbit

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