We Investigated Twixand: Legit or Scam? The Facts

Recently, Twixand.com website appeared, promoting itself as a place where you can safely keep cryptocurrency and other assets. I managed to gather reliable supporting information that clearly confirms it is, in fact, a fraudulent site.

Contrary to the claims of Twixand.com, they won’t ever return your funds. Even though the numbers displayed in the “member area”, there is absolutely no ability to take out even a coin. All commitments regarding crypto bonuses are baseless as well.

Twixand Scam Overview

The key service that Twixand strives to provide is a secure and convenient crypto wallet service. The site pledges crypto exchange services, tools for controlling wallets, transfers, dashboards, and similar functions. In truth, they try to emulate the functionality of a crypto trading platform, like Binance or Coinbase. However, it in fact solely serves as a cover needed to mislead the cautious.

Twixand Scam

First and foremost, Twixand reproduces the appearance of numerous equivalent websites. There are quite a few examples, like Payxmusk, Koybex or Extrobit. They are completely undistinguishable in terms of graphic elements, with minor discrepancies in the site header. Other specific elements, and at times even crypto wallet addresses, are identical. Probably, all these scam websites are operated by a single gang of fraudsters.

Cryptocurrency Scam Summary

How the Twixand Scam Works?

Twixand is yet another online platform within a wide-ranging network of associated crypto deceptive sites. The managers employ different brand names and websites, like Twixand.com, to ensnare victims. Nonetheless, these fraudulent websites have in common matching designs, terms of service, and About Us content. This unveils their origins as a part of the same fraudulent network, which endorses the similar form of scam under different disguises. The deceivers just copy the equal fraudulent website under various names to deceive users into thinking they are participating in a fresh platform. However, in actuality, it’s the identical system of fraudsters orchestrating the deceptive promises and efforts to seize deposited cryptocurrency. The administrators shrewdly utilize psychological maneuvers and enticing propositions to execute their dishonest plans.

Step 1: Spreading

To start the fraud, criminals create and fill accounts on popular social media platforms. They mainly focus on Facebook, Instagram, Twitter, and TikTok. Subsequently, the marketing campaign begins. Using bots and paid ads (when feasible), fraud actors increase the presence of their deceptive activities to possible victims. This strategy permits them to create a broad net and connect with their aimed audience. The latter typically comprises of cryptocurrency enthusiastic individuals looking for opportunities to generate profits.

Step 2: Gaining Traffic

Individuals who express interest visit Twixand.com via links featured in promotions or bot-generated posts. The website uses captivating visuals, design aspects that appear authentic, and claims of holding a legitimate license, all aimed to present an initial impression of credibility.

Step 3: Data Gathering

To claim their benefits, users need to proactively set up an account on Twixand and receive prompts to submit sensitive and personal data throughout the enrollment process. This comprises linking their cryptocurrency wallets, revealing email addresses, specifying phone numbers, furnishing identification documents, and the like.

Step 4: Requesting funds

Once signed up, users notice substantial amounts of cryptocurrency, valued at thousands of dollars, within their Twixand wallets. Nevertheless, as it usually happens with such bonuses, you are unable to withdraw them ahead of topping up your account. Normally, a deposit of $100 is required to access the sign-up bonus. This prerequisite serves as the enticement that eventually leads to the money loss.

Step 5: Disappear

The instant the deposit is sent, the deceivers terminate all communication. They move forward to restrict users, remove accounts, and vanish with both the deposited money and essential personal data. The fictitious rewards remain perpetually uncredited, as they lack actual existence. They operate purely as a deceptive strategy. This technique forms the foundation for the fraudsters’ ability to mislead victims and embezzle hard-earned earnings through their duplicative internet-based crypto scam.

Signs of Scam

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

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

What Should I do as a Victim?

If you had to deal with Twixand 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 to Authorities. Your initial action should involve reporting the scam to local authorities responsible for addressing financial fraud. Additionally, reach out to wallet providers and engage with the technical support teams of social networks. This collective effort raises the bar for the scammers’ operations.
• Inform Your Inner Circle. Extend your impact by sharing information about the scam with your close friends. Similar to notifying authorities, this dissemination of details curbs the scammers’ potential to deceive.
• Document the Trail. Assemble a comprehensive record by capturing screenshots and archiving all relevant website-related data. This encompasses the website URL, screenshots of the main page, login interface, end-user license agreement (EULA), account top-up menu, and wallet addresses. These materials offer invaluable leads for authorities in their pursuit of the scammers.
• Explore Refund Possibilities. While cryptocurrency payments may not typically align with traditional bank refund policies, it’s worthwhile to explore potential refund avenues under specific circumstances. Maintain a positive outlook until you secure confirmation of the loss.
• Transform Loss into Insight. Shift your focus from the financial loss to gaining wisdom. Consider your loss as an investment in comprehending the tactics employed by crypto scam sites. Familiarize yourself with their distinctive traits, the methods they employ to entice individuals, and the extravagant pledges they make. This knowledge equips you to recognize and avoid future traps, minimizing the risk of enduring further 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 timeline of the scam, fraudsters may contact you with specific documents. Alternatively, they may offer you to deploy “cryptocurrency wallet applications” or “browser extensions” to streamline access to your crypto funds. As we already figured out, these scammers have no intent of restoring your money. So, what do these messages and browser add-ons represent? You guessed it right – that is another element of the deceptive plan designed to entice you into deliberately running malicious applications onto your system.

Both plugins and attachments included to email messages can serve as a carrier for different malicious software. In this case, I foresee the presence of spyware and stealers among other types of malicious programs. While it is not mandatory for scammers to distribute malware, the chance is always significant. As noted, their morality is of no concern, and their reputation is already severely tarnished. They have no principles to give up and intend to boost gains.

Frequently asked questions