Spatexa Review: Legit or Scam? Read This First

Recently, Spatexa.com website popped up, promoting itself as a place where you can safely keep cryptocurrency and other assets. I managed to gather credible evidence that clearly confirms it is, actually, a scam platform.

Despite what Spatexa site states, they will never give back your money. Even though the figures displayed in the “member area”, there is no way to take out even a penny. All commitments regarding crypto rewards are baseless as well.

Spatexa Scam Overview

The main feature that Spatexa strives to provide is a secure and convenient crypto wallet service. The website pledges crypto exchange facilities, tools for controlling wallets, transfers, dashboards, and similar stuff. In fact, they aim to emulate the functionality of a crypto marketplace, like Binance or Coinbase. However, it actually only serves as a cover intended to mislead the cautious.

Spatexa Scam

To begin with, Spatexa reproduces the layout of numerous equivalent online platforms. There are quite a few examples, like Trestorex, Voubexbit or Xryptocoin. They are entirely undistinguishable in terms of graphic elements, with minor discrepancies in the website header. Other particulars, and sometimes even crypto wallet addresses, are the same. Presumably, all these scam online platforms are operated by the same team of fraudsters.

Cryptocurrency Scam Summary

How the Spatexa Scam Works?

Spatexa is yet another website within a wide-ranging network of interconnected crypto fraudulent platforms. The operators utilize various brand identities and sites, like Spatexa.com, to ensnare victims. Nevertheless, these fraudulent websites share the same designs, terms of service, and About information. This unveils their origins as components of the same fraudulent network, which endorses the same mode of deception under different disguises. The deceivers merely duplicate the identical deceptive website under various names to mislead users into assuming they are participating in a new opportunity. However, in actuality, it’s the equal group of fraudsters orchestrating the misleading commitments and attempts to take deposited cryptocurrency. The managers skillfully employ psychological tactics and captivating invitations to implement their dishonest plots.

Step 1: Spreading

To start the deceptive scheme, criminals establish and fill accounts on popular social media platforms. They generally aim at Facebook, Instagram, Twitter, and TikTok. Subsequently, the advertising campaign begins. Employing bots and paid ads (when achievable), scam actors increase the visibility of their deceptive activities to possible victims. This tactic enables them to create a wide net and engage with their targeted audience. The latter usually consists of cryptocurrency fans looking for prospects to make profits. Here’s a usual example of a message on social networks:

Users receive an encouragement to register, attracted by the assurance of receiving crypto rewards valued at thousands of dollars, all for free. To increase the attractiveness of the offer, false claims of sponsorship by a celebrity are incorporated. As you may guess, these claims are completely baseless.

Step 2: Gaining Traffic

Individuals who express interest check out Spatexa.com via links featured in ads or bot-generated posts. The webpage utilizes captivating visuals, design elements that appear authentic, and claims of holding a valid license, all aimed to present an initial impression of credibility.

Step 3: Data Gathering

To claim their rewards, users are required to deliberately sign up on Spatexa and get guidance to provide sensitive and private data during the enrollment process. This includes linking their cryptocurrency wallets, sharing email addresses, specifying phone numbers, furnishing identification papers, and more.

Step 4: Requesting funds

Once enrolled, users notice significant amounts of cryptocurrency, valued at hundreds of dollars, within their Spatexa wallets. However, as is common with such incentives, you cannot withdraw them before making a deposit. Typically, a payment of $100 is asked to withdraw the sign-up bonus. This condition serves as the trap that eventually results to the money loss.

Step 5: Disappear

The moment the deposit is made, the fraudsters halt all interaction. They go ahead to block users, remove accounts, and vanish with both the deposited funds and vital personal data. The fictitious rewards persist perpetually uncredited, as they lack actual existence. They act exclusively as a phishing ploy. This approach forms the foundation for the scammers’ capacity to trick victims and misappropriate hard-earned earnings through their double-dealing online crypto fraud.

Signs of Scam

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

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

What Should I do as a Victim?

If you had to deal with Spatexa 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.

• Secure Your Actions. Begin by promptly reporting the scam to appropriate local authorities tasked with handling financial fraud. Notify wallet providers and engage with social networks’ technical support teams. By taking these measures, you contribute to making the scammers’ operations significantly more difficult.
• Expand Awareness. Extend your efforts by sharing the scam information with your close friends. This action has a parallel effect to reporting to the authorities, as disseminating details about fraudulent crypto services reduces the potential victims they can deceive.
• Gather Evidence. Preserve comprehensive evidence by capturing screenshots and saving all pertinent data linked to the deceptive website. Collect the URL, screenshots of the main page, login interface, end-user license agreement (EULA), account top-up menu, and wallet addresses. These materials could prove invaluable for authorities in their pursuit of the scammers.
• Explore Refund Possibilities. While cryptocurrency payments generally fall outside the scope of refund policies within most banks, it’s worth investigating the potential for a refund in specific circumstances. Maintain optimism until you definitively confirm the loss.
• Convert Mistake into Wisdom. Transform your financial setback into a valuable learning experience. Treat your loss as an investment in understanding the tactics of crypto scam sites. Familiarize yourself with their key characteristics, how they lure individuals, and the grandiose promises they make. Armed with this knowledge, you’ll be well-equipped to recognize and avoid falling into future traps without incurring further losses.

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 actors may reach out to you with particular documents. Alternatively, they may suggest you to install “cryptocurrency wallet applications” or “browser extensions” to facilitate access to your crypto funds. As we previously figured out, these deceivers have no intention of restoring your money. So, what do these messages and browser add-ons represent? You guessed it right – this is another element of the fraudulent scheme designed to entice you into willingly installing harmful software onto your device.

Both extensions and attachments attached to email messages can function as a shell for different malicious code. In this situation, I anticipate the presence of spyware and stealers among all forms of malware. While it is not mandatory for scammers to distribute malware, the likelihood is always existent. As stated, their ethics is of no concern, and their dignity is already neck deep in mud. They have nothing to lose and intend 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:

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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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