Investigating Ternbit: Legit or Scam? The Truth Revealed

Recently, Ternbit.com site appeared, promoting itself as a platform where you can securely store cryptocurrency and other assets. I managed to gather credible proof that unmistakably indicates it is, in fact, a fraudulent site.

Contrary to the assertions of Ternbit.com, they won’t ever give back your funds. Regardless of the money displayed in the “member area”, there is zero way to take out even a cent. All pledges regarding crypto rewards are hollow as well.

It is better to prevent, than repair and repent!

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Ternbit Scam Overview

The key feature that Ternbit attempts to provide is a secure and convenient crypto wallet service. The site pledges exchange facilities, tools for handling wallets, transfers, dashboards, and the like. In truth, they endeavor to emulate the functionality of a crypto exchange, akin to Binance or Coinbase. However, it actually exclusively serves as a shell needed to lull the vigilance.

Ternbit Scam

To begin with, Ternbit mimics the layout of multiple similar websites. There are quite a few examples, like Spacevil, Qbgnkls or Ozauk. They are totally indistinguishable in terms of visual elements, with small discrepancies in the website header. Other details, and at times even crypto wallet addresses, are identical. Probably, all these deceptive online platforms are led by a single gang of scoundrels.

Cryptocurrency Scam Summary

How the Ternbit Scam Works?

Ternbit is yet another website within a extensive network of linked crypto deceptive webpages. The administrators employ diverse brand names and sites, like Ternbit.com, to ensnare victims. However, these fraudulent sites share matching website designs, terms of service, and About Us content. This unveils their sources as a part of the same fraudulent network, which endorses the same form of scam under different covers. The deceivers simply duplicate the same deceptive site under diverse names to mislead users into thinking they are participating in a fresh opportunity. However, in actuality, it’s the identical system of swindlers orchestrating the deceptive commitments and efforts to seize deposited cryptocurrency. The managers shrewdly make use of psychological maneuvers and appealing invitations to execute their unscrupulous plots.

Step 1: Spreading

To begin the scam, criminals set up and fill accounts on well-liked social media platforms. They primarily focus on Facebook, Instagram, Twitter, and TikTok. Subsequently, the marketing campaign starts. Using bots and paid promotions (when possible), scam actors boost the exposure of their deceptive activities to possible victims. This tactic permits them to create a broad net and interact with their aimed viewers. The audience typically comprises of cryptocurrency enthusiasts looking for chances to generate profits.

Users obtain an encouragement to sign up, drawn by the assurance of getting crypto prizes valued at hundreds of dollars, all without cost. To increase the appeal of the offer, false claims of cooperation with a celebrity are incorporated. As you may guess, these assertions are entirely baseless.

Step 2: Gaining Traffic

Users who show interest visit Ternbit.com via links featured in advertisements or robotic posts. The site employs captivating visuals, design elements that appear legitimate, and claims of having a legitimate license, all intended to present an initial image of reliability.

Step 3: Data Gathering

To claim their prizes, users must deliberately sign up on Ternbit and get prompts to submit sensitive and personal information during the registration procedure. This comprises linking their cryptocurrency wallets, sharing email addresses, giving phone numbers, sending in identification documents, and more.

Step 4: Requesting funds

Once registered, users witness substantial amounts of cryptocurrency, valued at thousands of dollars, within their Ternbit wallets. Nonetheless, as is standard with such incentives, you can’t withdraw them ahead of making a deposit. Usually, a deposit of $100 is asked to withdraw the sign-up bonus. This condition serves as the trap that ultimately culminates to the money loss.

Step 5: Disappear

The moment the payment is made, the fraudsters halt all interaction. They go ahead to bar users, delete accounts, and abscond with both the deposited money and vital private information. The fabricated benefits persist perpetually uncredited, as they lack genuine existence. They function solely as a phishing maneuver. This method forms the foundation for the deceivers’ capacity to trick victims and misappropriate hard-earned money through their deceptive web crypto scam.

Signs of Scam

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

• Unsubstantiated Credibility. Ternbit 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%, Ternbit exploits the longing for quick profits. However, such gains are unrealistic within the volatile cryptocurrency landscape, unequivocally identifying Ternbit as a scam.
• Dubious Corporate Information. Ternbit 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. Ternbit.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. Ternbit 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 Ternbit 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 masters may reach out to you with particular documents. Alternatively, they may suggest you to set up “cryptocurrency wallet applications” or “browser extensions” to streamline access to your cryptocurrency funds. As we earlier determined, these scammers have no intention of restoring your capital. So, what can these emails and browser extensions represent? Correct – this is another component of the deceptive plan designed to entice you into deliberately running destructive applications onto your computer.

Both extensions and files added to email messages can function as a carrier for diverse malicious software. In this case, I expect the presence of spyware and stealers among other kinds of threats. While it is not obligatory for scammers to distribute malware, the probability is always above zero. As noted, their conscience is of negligible importance, and their reputation is already severely tarnished. They have no principles to give up 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:

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 Ternbit

Name: Ternbit

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