The Truth About Snexon: Legit or Scam? Our Review

Recently, Snexon.com site appeared, promoting itself as a platform to store cryptocurrency and other assets securely. I managed to gather credible evidence that clearly reveals it is, in truth, a scam site.

Contrary to the assertions of Snexon.com, they will never pay off your funds. Even though the figures displayed in the “member area”, there is no possibility to take out even a single cent. All promises regarding crypto rewards are empty 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.

DOWNLOAD NOW

Gridinsoft Anti-Malware 6-day trial available.
EULA | Privacy Policy | 10% Off Coupon

Subscribe to our Telegram channel to be the first to know about news and our exclusive materials on information security.

Snexon Scam Overview

The key service that Snexon aims to provide is a protected and user-friendly crypto wallet service. The website promises crypto exchange services, tools for handling wallets, transfers, dashboards, and alike functions. In truth, they endeavor to emulate the functionality of a crypto marketplace, like Binance or Coinbase. However, it in fact only serves as a cover intended to lull the vigilance.

Snexon Scam

Initially, Snexon imitates the layout of multiple similar websites. There are quite a few examples, like Faxbix, Fluexbit or Zromlex. They are completely identical in terms of visual elements, with slight discrepancies in the webpage header. Other details, and at times even crypto wallet addresses, are unchanged. Probably, all these fraudulent websites are managed by the same team of fraudsters.

Cryptocurrency Scam Summary

How the Snexon Scam Works?

Snexon is yet another webpage within a wide-ranging network of linked crypto fraudulent sites. The operators employ different brand titles and websites, like Snexon.com, to trap victims. Nevertheless, these fraudulent sites possess the same designs, terms of service, and About Us content. This reveals their sources as a part of the identical criminal network, which promotes the identical type of deception under different appearances. The deceivers simply copy the same scam website under different names to mislead users into assuming they are joining a fresh opportunity. However, in actuality, it’s the same group of fraudsters orchestrating the fraudulent commitments and undertakings to take deposited money. The administrators cleverly employ psychological maneuvers and enticing offers to carry out their unscrupulous schemes.

Step 1: Spreading

To initiate the scam, criminals set up and fill accounts on well-liked social media platforms. They generally target Facebook, Instagram, Twitter, and TikTok. Subsequently, the advertising campaign begins. Using bots and paid promotions (when feasible), fraud actors boost the presence of their scam activities to possible victims. This strategy enables them to create a wide net and connect with their focused viewers. The latter typically consists of cryptocurrency enthusiastic individuals seeking chances to earn profits.

Users get an incentive to enroll, enticed by the promise of receiving crypto rewards valued at thousands of dollars, all without cost. To augment the attractiveness of the offer, false claims of cooperation with a celebrity are incorporated. As you may guess, these claims are completely baseless.

Step 2: Gaining Traffic

Individuals who demonstrate interest check out Snexon.com via links included in ads or robotic posts. The webpage utilizes captivating visuals, design features that appear genuine, and assertions of possessing a legitimate license, all designed to project an initial perception of trustworthiness.

Step 3: Data Gathering

To claim their benefits, users are required to actively set up an profile on Snexon and receive guidance to submit sensitive and private information throughout the enrollment procedure. This comprises linking their cryptocurrency wallets, sharing email addresses, supplying phone numbers, sending in identification documents, and more.

Step 4: Requesting funds

Once signed up, users notice substantial amounts of cryptocurrency, valued at hundreds of dollars, within their Snexon wallets. Nonetheless, as is standard with such rewards, you can’t withdraw them before making a deposit. Usually, a deposit of $100 is required to access the sign-up bonus. This prerequisite serves as the trap that eventually culminates to the money loss.

Step 5: Disappear

The point in time the deposit is submitted, the deceivers cease all communication. They go ahead to bar users, delete accounts, and disappear with both the deposited money and vital individual information. The fictitious prizes persist perpetually uncredited, as they lack actual existence. They act solely as a phishing strategy. This method forms the foundation for the fraudsters’ capability to mislead victims and misappropriate hard-earned funds through their double-dealing online crypto scam.

Signs of Scam

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

• Unsubstantiated Credibility. Snexon 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%, Snexon exploits the longing for quick profits. However, such gains are unrealistic within the volatile cryptocurrency landscape, unequivocally identifying Snexon as a scam.
• Dubious Corporate Information. Snexon 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. Snexon.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. Snexon 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 Snexon 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, its actors may reach out to you with specific files. Alternatively, they may suggest you to set up “cryptocurrency wallet applications” or “browser extensions” to streamline access to your crypto assets. As we previously determined, these scammers have no intent of giving back your capital. So, what can these emails and browser plugins represent? You guessed – that is another element of the fraudulent scheme designed to entice you into willingly installing harmful applications onto your device.

Both add-ons and files added to email messages can serve as a shell for different malware. In this case, I foresee the presence of spyware and stealers among other types of malicious programs. While it is not obligatory for scammers to distribute malware, the chance is always significant. As previously mentioned, their conscience is of no concern, and their reputation is already deeply compromised. They have no principles to lose and aim to boost 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.

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 Snexon

Name: Snexon

Description: Cryptocurrency scams continue to increase as digital assets achieve mainstream adoption. A recent example of such a scam involves Snexon, a fraudulent crypto exchange that entices victims with promises of free crypto giveaways. This detailed article will extensively examine the operations of the Snexon scam, techniques for recognizing it, and, most crucially, ways to evade becoming a victim.

Operating System: All

Application Category: Crypto Scams

Sending

User Review

3.25 (4 votes)

Comments Rating 0 (0 reviews)