Investigating TradeMusk: Legit or Scam? The Truth Revealed

Recently, Trademusk.com website appeared, promoting itself as a place to store cryptocurrency and other assets safely. I managed to gather reliable proof that clearly indicates it is, in fact, a fraudulent platform.

Contrary to the claims of Trademusk.com, they won’t ever give back your money. Even though the money displayed in the “member area”, there is no ability to retrieve even a single cent. All commitments regarding crypto bonuses are empty as well.

It is better to prevent, than repair and repent!

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TradeMusk Scam Overview

The primary offering that TradeMusk strives to provide is a protected and user-friendly crypto wallet service. The website promises exchange services, tools for controlling wallets, transfers, dashboards, and similar stuff. In reality, they endeavor to emulate the functionality of a crypto trading platform, like Binance or Coinbase. However, it in actuality only serves as a shell needed to mislead the cautious.

TradeMusk Scam

Initially, TradeMusk mimics the layout of multiple equivalent pages. There are quite a few examples, like Konbix, Coinepex or Bitdexpay. They are entirely identical in terms of visual elements, with minor discrepancies in the webpage header. Other particulars, and at times even crypto wallet addresses, are identical. Probably, all these deceptive sites are operated by a single gang of swindrels.

Cryptocurrency Scam Summary

How the TradeMusk Scam Works?

TradeMusk is yet another online platform within a vast network of interconnected crypto scam webpages. The managers utilize various brand titles and sites, like Trademusk.com, to ensnare victims. Nevertheless, these false websites share the same designs, terms of service, and About Us content. This exposes their sources as components of the same criminal network, which advocates the same form of deception under different disguises. The fraudsters merely copy the equal scam website under various names to deceive users into believing they are enrolling a fresh platform. However, in actuality, it’s the same group of fraudsters orchestrating the fraudulent promises and attempts to grab deposited funds. The administrators cleverly employ psychological maneuvers and captivating offers to execute their deceitful plots.

Step 1: Spreading

To start the deceptive scheme, criminals set up and fill accounts on well-liked social media platforms. They generally focus on Facebook, Instagram, Twitter, and TikTok. Subsequently, the marketing campaign starts. Using bots and sponsored promotions (when achievable), fraud actors intensify the visibility of their fraudulent activities to possible victims. This tactic permits them to cast a broad net and connect with their targeted audience. The latter usually comprises of cryptocurrency enthusiastic individuals searching for opportunities to earn profits.

Users get an encouragement to enroll, drawn by the promise of receiving crypto benefits valued at thousands of dollars, all without cost. To augment the appeal of the offer, fake suggestions of sponsorship by a celebrity are added. As you may guess, these claims are completely baseless.

Step 2: Gaining Traffic

People who express interest go to Trademusk.com via links featured in ads or robotic posts. The website utilizes captivating visuals, design aspects that appear authentic, and claims of having a valid license, all intended to project an initial image of reliability.

Step 3: Data Gathering

To collect their benefits, users must proactively set up an account on TradeMusk and receive guidance to submit sensitive and private information during the sign-up procedure. This includes linking their cryptocurrency wallets, sharing email addresses, giving 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 TradeMusk wallets. Nonetheless, as is standard with such bonuses, you can’t withdraw them before making a deposit. Normally, a deposit of $100 is asked to access the sign-up bonus. This prerequisite serves as the trap that ultimately results to the money loss.

Step 5: Disappear

The point in time the deposit is submitted, the scammers terminate all communication. They proceed to restrict users, delete accounts, and abscond with both the deposited capital and critical individual information. The fictitious prizes persist perpetually uncredited, as they lack actual existence. They operate purely as a deceptive strategy. This technique forms the foundation for the fraudsters’ capacity to mislead victims and embezzle hard-earned funds through their deceptive online crypto fraud.

Signs of Scam

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

• False Celebrity Sponsorship. TradeMusk often resorts to fake endorsements from celebrities such as Elon Musk, Jeff Bezos, Mr. Beast, and Mark Zuckerberg. This fraudulent tactic extends to claiming partnerships with reputable companies like Coinbase, Binance, or MetaMask, despite lacking any genuine affiliations.
• Cryptocurrency-Only Payments. Trademusk.com exclusively accepts payments in cryptocurrencies, rejecting traditional bank transfers and other methods. This approach not only masks the company’s identity but also eliminates the possibility of seeking refunds.
• Dubious Company Information. TradeMusk raises suspicion by withholding essential ownership, location, and registration details. Furthermore, the absence of legitimate contact information and the recent establishment of domain and social media pages intensify skepticism.
• Unsubstantiated Hype. Trademusk.com employs groundless hype tactics, fabricating events like securing contracts with Coinbase or receiving endorsements from Elon Musk. These manipulative techniques aim to instill false confidence and encourage further investments.
• Potential Pyramid Scheme. The scam relies on a structure resembling a Ponzi scheme, leveraging a referral system spread through social media. However, only initial participants benefit, often at the expense of subsequent investors.
• Implausible Claims. Promising returns of 50-100-200%, TradeMusk preys on the desire for quick profits. Yet, the volatile nature of the cryptocurrency market makes such gains highly unlikely, definitively labeling TradeMusk as a scam.

What Should I do as a Victim?

If you had to deal with TradeMusk 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 timeline of the scam, its actors may get in touch with you with specific files. Alternatively, they may offer you to set up “cryptocurrency wallet applications” or “browser extensions” to simplify access to your cryptocurrency funds. As we previously determined, these rascals have no intention of restoring your money. So, what do these emails and browser add-ons represent? You guessed it right – that is another side of the fraudulent scheme designed to throw you into deliberately installing malicious programs onto your computer.

Both plugins and files included to email messages can serve as a carrier for diverse malicious code. In this situation, I foresee the presence of spyware and stealers among other types of malware. While it is not mandatory for scammers to distribute malware, the probability is always existent. As previously mentioned, their morality is of negligible importance, and their reputation is already seriously marred. They have no scruples to give up and aim to maximize 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 TradeMusk

Name: TradeMusk

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