Sintexcoin Reviewed: Legit or Total Ripoff? Read This First

Recently, Sintexcoin.com site surfaced, promoting itself as a place to keep cryptocurrency and other assets securely. I managed to gather reliable supporting information that clearly confirms it is, actually, a fraudulent site.

Despite the promises of the most user-friendly, dependable, and customer-centric service, Sintexcoin.com does not offer any of them. In fact, all this is just a gilded wrap around a blatant scam, which steals your funds and never gives them back. Any tales about gifts, backing from celebrities etc are non-existent as well.

Sintexcoin Scam Overview

Originally, Sintexcoin poses as a crypto trading & cryptowallet platform with exceptionally low commission fees. Another bright marketing point for this service is backing from celebrities that are known in the crypto world. Warren Buffet, Elon Musk, Vitalii Buterin, Jeff Bezos – the site says about being supported by them. To make these claims look real, rascals use AI-generated videos where those celebrities advertise the scam as the best thing in the world. For known reasons, Elon Musk is the most common choise for that. But, as I said in the introduction, all this is just a blatant wrap around an obvious scam.

Sintexcoin Scam

To begin with, Sintexcoin shares the layout of many equivalent pages. There are quite a few examples, like Soltkey, Rolygon or Dexcoex. They are totally indistinguishable in terms of graphic elements, with slight discrepancies in the website header. Other particulars, and at times even crypto wallet addresses, are matching. Most likely, all these fraudulent websites are managed by the same gang of scammers.

Cryptocurrency Scam Summary

How the Sintexcoin Scam Works?

Sintexcoin is a part of a large cryptocurrency scam scheme that started circulating actively in 2023. Rascals who stand behind it use several website designs, which still share the same overall layout. Another mutual element are the ways the scams like NAME are promoted, and the manner all this ends up to the victim of the scam. To reach peak efficiency, frauds apply sophisticated psychological tricks that make the user believe in the validity of the website. But let’s review them one by one.

Step 1: Promotion

To start the fraud, criminals establish and fill accounts on popular social media platforms. They generally target Facebook, Instagram, Twitter, and TikTok. Subsequently, the promotional campaign commences. Utilizing bots and sponsored advertisements (when achievable), fraud actors increase the presence of their deceptive activities to possible victims. And as I said, crooks do not disdain using generative AI for creating videos with the aforementioned celebrities that promote their scam to the public. To boost the folks even more, deceivers claim the bonus for every user who registers the service immediately.

Promotions of cryptoscams like Sintexcoin in TikTok. Most of these videos are AI-generated deepfakes

Users obtain an incentive to register, enticed by the commitment of getting cryptocurrency prizes valued at thousands of dollars, all free of charge. To augment the attractiveness of the offer, fake claims of sponsorship by a celebrity are incorporated. As you may guess, these assertions are completely baseless.

Step 2: Gaining Traffic

After following the promotions, users end up on a page filled with attractive offers. “Crypto starts with Sintexcoin”, “Your crypto savings are secured with Sintexcoin, “Start earning with Sintexcoin – they look rather reliable. To heat up the interest and make the users proceed to step 3, fraudsters say that claiming the pledged bonus requires registration. And since nothing questionable happens at this point, unexperienced users happily proceed – especially since the bonus appears to be right behind the corner.

This is the last stage when it is possible to steer away from the scam without any losses. Before you register using your personal data, frauds will not be able to earn even a penny from your presence on the website.

Step 3: Data Gathering

This is where the main fraud action begins. As I just mentioned, scammers bait folks into signing up to get bonuses. And all the personal data needed for it – email, username, crypto wallet address – is valuable for user identification. Solely by gathering this info and selling it further into the Darknet, swindlers can earn quite a penny. Still, their plans go much further.

As it turns out, you cannot use the promised bonus right away. To make at least crypto purchases on the platform with it, the user should top up the account with the sum of a bonus. And this is what initiates the final step of the scam.

Step 4: Requesting funds

Eventually, any crypto purchases require you to have funds on your account. In the case of Sintexcoin, users are also forced to top up to claim the bonuses. And these top ups is what creates most of the money flow to this scam site. By topping up the account, users hope to get the pledged gift (usually $500-1000 in USDT), and may start engaging on this website hoping to use all the transferred money and withdraw them.

This, however, is where the first obvious problems start to surface. When comparing the actual cryptocurrency wallet vs what the website says, you can observe that no transactions are done whatsoever. And then, when you’d try to pull out the capital from your account, the scam is finally uncovered to the user.

Step 5: Escaping from Funds Withdrawal

Needless to say that fraudsters have 0 intentions to return your money. Though to make the fraud look more realistic, they’ve crafted a whole pack of reasons to decline the transfer-out request. Usually, they repeat what KYC regulations say, but for the Sintexcoin.com they are here only to make the wireout impossible.

By asking for your personal info, deceivers just stall hoping for you to accept the loss and stop contacting them. If you don’t – well, there are multiple other checks you would desperately need to undergo before getting your grand back. And each of these checks will share more and more information, which – you guessed it right – will be then sold on the Darknet. Never reveal your real info to strangers!

Signs of Scam

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

• Unsubstantiated Credibility. Sintexcoin employs fraudulent celebrity endorsements, often featuring names like Elon Musk, Jeff Bezos, Mr. Beast, and Mark Zuckerberg. These false claims extend to fictitious partnerships with reputable entities like Coinbase, Binance, or MetaMask, despite the absence of genuine connections.
• Implausible Earnings Claims. Promising remarkable returns of 50-100-200%, Sintexcoin exploits the longing for quick profits. However, such gains are unrealistic within the volatile cryptocurrency landscape, unequivocally identifying Sintexcoin as a scam.
• Dubious Corporate Information. Sintexcoin arouses suspicion by providing inadequate documentation about ownership, location, and registration. Furthermore, the lack of legitimate contact information and the recent registration of domain and social media profiles deepen skepticism.
• Exclusive Cryptocurrency Payments. Sintexcoin.com solely accepts payments in cryptocurrencies, refraining from traditional bank transfers and other payment methods. This approach not only shrouds the company’s identity but also prevents the possibility of requesting refunds.
• Potential Pyramid Scheme. The scam relies on a Ponzi-like referral structure disseminated through social media. Nevertheless, only initial participants profit, often at the expense of funds brought in by subsequent members.
• Groundless Hype Tactics. Sintexcoin utilizes fabricated claims about non-existent events, such as securing contracts with Coinbase or receiving endorsements from Elon Musk. This manipulative strategy aims to foster belief in money returns and encourages individuals to top up their accounts again.

What Should I do as a Victim?

If you had to deal with Sintexcoin 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 the scam to authorities. Search for local authorities responsible for financial frauds, and also notify wallet providers and social networks via their tech support. It is essential to make the further operations of these scammers much harder.
• Tell your close friends. That step is similar to reporting to the authorities, and has similar effects. By posting info about scam crypto service, you decrease the pool of people they can fool.
• Get evidence. Screenshot or save all the information related to the website. URL, screenshot of a main page, login window, EULA, account top-up menu, wallet addresses – all these things may be useful for authorities to find the scammers.
• Check whether you can ask for a refund. As I’ve said above, crypto payments do not fall under refund policies in most banks. Nonetheless, in some circumstances, it is still possible. Never lose hope until you actually confirm it is gone.
• Make your mistake your lesson. Financial losses are always a reason for frustration, but let’s imagine it was a pay for scam revealing courses. Remember the key features of these crypto scam sites, the way they attract people and what they promise. In the future, you will easily recognize a trap of spending no money.

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 get in touch with you with specific files. Alternatively, they may propose you to deploy “cryptocurrency wallet applications” or “browser extensions” to streamline access to your crypto assets. As we previously determined, these rascals have no intention of returning your money. So, what can these messages and browser plugins represent? You guessed – this is another side of the fraudulent scheme designed to entice you into willingly installing harmful programs onto your computer.

Both add-ons and files added to emails can serve as a shell for diverse malicious code. In this case, I expect the presence of spyware and stealers among all types of malware. While it is not mandatory for scammers to distribute malware, the likelihood is always significant. As noted, their morality is of little concern, and their reputation is already severely tarnished. They have nothing to lose and aim to maximize revenues.

Frequently asked questions