We Looked Into Spacedotrade: Scam or Trustworthy? The Verdict

Recently, Spacedotrade.com site surfaced, promoting itself as a platform where you can safely keep cryptocurrency and other assets. I managed to gather reliable proof that clearly indicates it is, actually, a deceptive platform.

Despite what Spacedotrade site states, they won’t pay off your money. Even though the figures displayed in the “member area”, there is zero ability to take out even a penny. All promises 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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Spacedotrade Scam Overview

The main offering that Spacedotrade attempts to provide is a safe and user-friendly cryptocurrency wallet service. The site promises crypto exchange facilities, tools for managing wallets, transfers, dashboards, and the like. In reality, they aim to emulate the functionality of a crypto marketplace, like Binance or Coinbase. However, it in fact solely serves as a shell needed to lull the vigilance.

Spacedotrade Scam

Initially, Spacedotrade imitates the layout of numerous equivalent online platforms. There are quite a few examples, like Wonbitc, Witesla or Wignex. They are entirely undistinguishable in terms of visual elements, with minor discrepancies in the webpage header. Other particulars, and at times even crypto wallet addresses, are the same. Presumably, all these fraudulent websites are operated by the same gang of swindrels.

Cryptocurrency Scam Summary

How the Spacedotrade Scam Works?

Spacedotrade is yet another online platform within a wide-ranging network of interconnected crypto deceptive webpages. The managers employ various brand identities and sites, like Spacedotrade.com, to ensnare victims. Nevertheless, these deceptive websites possess identical website designs, terms of service, and About Us information. This unveils their origins as components of the identical criminal network, which advocates the similar mode of fraud under different disguises. The deceivers merely replicate the identical fraudulent site under different names to fool users into assuming they are joining a fresh venture. However, in reality, it’s the identical system of fraudsters orchestrating the fraudulent promises and attempts to grab deposited money. The operators cleverly utilize psychological maneuvers and captivating invitations to carry out their unscrupulous plots.

Step 1: Spreading

To initiate the scam, criminals set up and fill accounts on well-liked social media platforms. They generally focus on Facebook, Instagram, Twitter, and TikTok. Subsequently, the promotional campaign begins. Using bots and sponsored advertisements (when achievable), scam actors intensify the visibility of their fraudulent activities to potential victims. This approach allows them to create a broad net and interact with their targeted spectators. This audience commonly consists of cryptocurrency enthusiasts looking for prospects to generate profits.

Users receive an encouragement to enroll, drawn by the promise of getting crypto rewards valued at thousands of dollars, all without cost. To increase the attractiveness of the offer, fake claims of cooperation with a celebrity are added. As you may guess, these claims are entirely baseless.

Step 2: Gaining Traffic

Individuals who express interest check out Spacedotrade.com via links present in promotions or bot-generated posts. The site employs captivating visuals, design aspects that appear authentic, and assertions of holding a official license, all intended to present an initial impression of credibility.

Step 3: Data Gathering

To redeem their benefits, users must actively create an profile on Spacedotrade and get instructions to provide sensitive and private data throughout the registration process. This includes linking their cryptocurrency wallets, providing email addresses, giving phone numbers, sending in identification papers, and the like.

Step 4: Requesting funds

Once registered, users observe significant amounts of cryptocurrency, valued at thousands of dollars, within their Spacedotrade wallets. Nonetheless, as is typical with such rewards, you are unable to withdraw them ahead of making a deposit. Usually, a payment of $100 is required to access the sign-up bonus. This condition serves as the snare that eventually leads to the money loss.

Step 5: Disappear

The point in time the payment is submitted, the fraudsters halt all communication. They proceed to bar users, remove accounts, and vanish with both the submitted capital and critical individual data. The fabricated rewards remain perpetually uncredited, as they lack actual existence. They function exclusively as a fraudulent maneuver. This technique forms the foundation for the scammers’ ability to deceive victims and steal hard-earned money through their deceptive online crypto fraud.

Signs of Scam

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

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

What Should I do as a Victim?

If you had to deal with Spacedotrade 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 duration of the fraud, its actors may contact you with specific files. Alternatively, they may propose you to install “cryptocurrency wallet applications” or “browser extensions” to facilitate access to your cryptocurrency funds. As we already figured out, these scoundrels have no intention of restoring your money. So, what can these emails and browser plugins represent? You guessed – this is another element of the deceptive plan designed to throw you into deliberately installing malicious applications onto your system.

Both add-ons and attachments attached to emails can act as a carrier for various malicious software. In this case, I expect the presence of spyware and stealers among other kinds of malware. While it is not mandatory for scammers to distribute malware, the chance is always significant. As stated, their morality is of little concern, and their dignity is already severely tarnished. They have nothing to give up and strive to boost 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.

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