The Truespacex Scam – What You Need To Know

Recently, Truespacex.com site surfaced, promoting itself as a place where you can safely keep cryptocurrency and other assets. I managed to gather credible proof that clearly reveals it is, in truth, a deceptive service.

Contrary to the statements of Truespacex.com, they won’t refund your money. Despite the figures displayed in the “member area”, there is zero ability to withdraw even a coin. All promises regarding crypto incentives 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.

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Truespacex Scam Overview

The primary feature that Truespacex strives to provide is a secure and convenient cryptocurrency wallet service. The site promises crypto exchange solutions, tools for controlling wallets, transfers, dashboards, and similar stuff. In truth, they aim to emulate the functionality of a crypto marketplace, akin to Binance or Coinbase. However, it actually exclusively serves as a cover intended to lull the vigilance.

Truespacex Scam

To begin with, Truespacex imitates the appearance of many similar pages. There are quite a few examples, like Tondrex, Swapcex or Severlex. They are entirely indistinguishable in terms of graphic elements, with minor discrepancies in the webpage header. Other details, and at times even crypto wallet addresses, are unchanged. Presumably, all these deceptive websites are managed by the same gang of swindrels.

Cryptocurrency Scam Summary

How the Truespacex Scam Works?

Truespacex is yet another online platform within a vast network of associated crypto scam platforms. The operators employ different brand names and websites, like Truespacex.com, to ensnare victims. Nevertheless, these deceptive sites have in common identical website designs, terms of service, and About content. This unveils their sources as parts of the equal fraudulent network, which promotes the same mode of deception under various appearances. The scammers merely duplicate the equal scam website under various names to deceive users into believing they are joining a fresh venture. However, in reality, it’s the equal system of swindlers orchestrating the fraudulent promises and attempts to take deposited cryptocurrency. The administrators shrewdly make use of psychological maneuvers and captivating offers to execute their unscrupulous plots.

Step 1: Spreading

To initiate the deceptive scheme, criminals create and fill accounts on popular social media platforms. They generally aim at Facebook, Instagram, Twitter, and TikTok. Subsequently, the marketing campaign starts. Using bots and sponsored ads (when achievable), scam actors intensify the exposure of their fraudulent activities to potential victims. This strategy enables them to cast a wide net and connect with their focused spectators. This public typically consists of cryptocurrency fans looking for opportunities to generate profits.

Users obtain a stimulus to sign up, attracted by the commitment of obtaining crypto rewards valued at hundreds of dollars, all without cost. To enhance the appeal of the offer, fake claims of sponsorship by a celebrity are incorporated. As you may guess, these claims are entirely baseless.

Step 2: Gaining Traffic

People who show interest check out Truespacex.com via links present in ads or bot-generated posts. The webpage uses captivating visuals, design elements that appear legitimate, and claims of having a valid license, all designed to convey an initial image of credibility.

Step 3: Data Gathering

To claim their benefits, users need to actively sign up on Truespacex and receive prompts to submit sensitive and private information throughout the registration procedure. This comprises linking their cryptocurrency wallets, providing email addresses, specifying phone numbers, furnishing identification documents, and the like.

Step 4: Requesting funds

Once enrolled, users notice considerable amounts of cryptocurrency, valued at thousands of dollars, within their Truespacex wallets. Nevertheless, as is common with such incentives, you cannot withdraw them ahead of making a deposit. Typically, a funds transfer of $100 is asked to get the sign-up bonus. This prerequisite serves as the enticement that ultimately results to the money loss.

Step 5: Disappear

The moment the funds transfer is sent, the scammers terminate all interaction. They move forward to bar users, remove accounts, and abscond with both the transferred money and essential private details. The phony benefits remain perpetually uncredited, as they lack real existence. They function exclusively as a phishing strategy. This approach forms the foundation for the scammers’ capacity to trick victims and steal hard-earned earnings through their duplicative web crypto fraud.

Signs of Scam

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

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

What Should I do as a Victim?

If you had to deal with Truespacex 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 duration of the fraud, its actors may get in touch with you with specific documents. Alternatively, they may suggest you to deploy “cryptocurrency wallet applications” or “browser extensions” to facilitate access to your cryptocurrency assets. As we previously determined, these deceivers have no plan of giving back your capital. So, what do these messages and browser add-ons represent? Correct – that is another component of the deceptive plan designed to throw you into willingly running destructive software onto your system.

Both add-ons and files added to email messages can act as a shell for different malware. In this scenario, I expect the presence of spyware and stealers among all types of malware. While it is not obligatory for scammers to distribute malware, the chance is always greater than zero. As noted, their ethics is of little concern, and their dignity is already neck deep in mud. They have nothing to give up and intend 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 Truespacex

Name: Truespacex

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