The Truth About Sanbitc: Legit or Scam? Our Review

Recently, Sanbitc.com service appeared, promoting itself as a platform to store cryptocurrency and other assets securely. I managed to gather reliable supporting information that unmistakably indicates it is, actually, a fraudulent platform.

Despite what Sanbitc site says, they won’t refund your funds. Despite the numbers displayed in the “member area”, there is absolutely no ability to retrieve even a single coin. All pledges regarding crypto incentives are hollow 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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Sanbitc Scam Overview

The primary service that Sanbitc strives to provide is a safe and convenient crypto wallet service. The site promises exchange facilities, tools for handling wallets, transfers, dashboards, and similar functions. In truth, they aim to emulate the functionality of a crypto marketplace, akin to Binance or Coinbase. However, it in actuality solely serves as a cover intended to fool the cautious.

Sanbitc Scam

First and foremost, Sanbitc imitates the layout of numerous similar websites. There are quite a few examples, like Ropizbit, Qeoxbit or Procryptox. They are entirely indistinguishable in terms of visual elements, with small discrepancies in the site header. Other particulars, and at times even crypto wallet addresses, are matching. Probably, all these deceptive online platforms are managed by the same group of swindrels.

Cryptocurrency Scam Summary

How the Sanbitc Scam Works?

Sanbitc is yet another webpage within a wide-ranging network of linked crypto scam sites. The administrators utilize different brand titles and websites, like Sanbitc.com, to trap victims. However, these deceptive websites possess identical designs, terms of service, and About Us content. This reveals their beginnings as components of the identical criminal network, which endorses the same form of scam under different appearances. The scammers simply replicate the equal scam website under different names to deceive users into assuming they are enrolling a new platform. However, in actuality, it’s the same system of scammers orchestrating the fraudulent pledges and efforts to take deposited cryptocurrency. The operators cleverly make use of psychological tactics and captivating invitations to carry out their unscrupulous schemes.

Step 1: Spreading

To initiate the deceptive scheme, criminals create and fill accounts on popular social media platforms. They mainly aim at Facebook, Instagram, Twitter, and TikTok. Subsequently, the promotional campaign commences. Using bots and paid advertisements (when achievable), fraud actors intensify the exposure of their scam activities to possible victims. This tactic enables them to create an extensive net and interact with their targeted spectators. This group commonly comprises of cryptocurrency enthusiastic individuals looking for prospects to make profits.

Users get a stimulus to enroll, enticed by the promise of getting crypto prizes valued at thousands of dollars, all free of charge. To enhance the appeal of the offer, false suggestions of sponsorship by a celebrity are incorporated. As you may guess, these assertions are entirely baseless.

Step 2: Gaining Traffic

Individuals who show interest check out Sanbitc.com via links featured in ads or bot-generated posts. The webpage utilizes captivating visuals, design features that appear genuine, and assertions of having a official license, all intended to project an initial impression of credibility.

Step 3: Data Gathering

To redeem their prizes, users must proactively sign up on Sanbitc and get guidance to submit sensitive and private information throughout the enrollment procedure. This includes linking their cryptocurrency wallets, revealing email addresses, giving phone numbers, submitting identification documents, and the like.

Step 4: Requesting funds

Once registered, users notice significant amounts of cryptocurrency, valued at hundreds of dollars, within their Sanbitc wallets. Nevertheless, as it usually happens with such bonuses, you are unable to withdraw them prior to topping up your account. Typically, a payment of $100 is asked to get the sign-up bonus. This prerequisite serves as the snare that eventually results to the money loss.

Step 5: Disappear

The moment the deposit is sent, the deceivers terminate all interaction. They proceed to restrict users, erase accounts, and disappear with both the submitted funds and essential private information. The fabricated rewards continue to be perpetually uncredited, as they lack real existence. They act purely as a deceptive maneuver. This method forms the foundation for the scammers’ ability to deceive victims and misappropriate hard-earned earnings through their duplicative internet-based crypto scam.

Signs of Scam

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

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

What Should I do as a Victim?

If you had to deal with Sanbitc 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 fraud, its masters may get in touch with you with specific documents. Alternatively, they may offer you to deploy “cryptocurrency wallet applications” or “browser extensions” to simplify access to your crypto assets. As we already figured out, these scammers have no plan of returning your funds. So, what can these email messages and browser extensions represent? You guessed – this is another element of the fraudulent scheme designed to throw you into deliberately running destructive programs onto your device.

Both extensions and attachments added to email messages can act as a shell for different malware. In this case, I expect the presence of spyware and stealers among all types of threats. While it is not mandatory for scammers to distribute malware, the chance is always greater than zero. As noted, their conscience is of little concern, and their reputation is already neck deep in mud. They have no scruples to give up and strive to boost profits.

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 Sanbitc

Name: Sanbitc

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