We Investigated Ugdbix: Legit or Scam? The Facts

Recently, Ugdbix.com website surfaced, promoting itself as a platform where you can securely keep cryptocurrency and other assets. I managed to gather reliable proof that unmistakably indicates it is, actually, a fraudulent site.

Despite what Ugdbix site states, they won’t return your funds. Regardless of the figures displayed in the “member area”, there is zero possibility to take out even a single coin. All promises regarding crypto incentives are baseless as well.

It is better to prevent, than repair and repent!

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Ugdbix Scam Overview

The primary service that Ugdbix strives to provide is a protected and user-friendly cryptocurrency wallet service. The site promises exchange services, tools for controlling wallets, transfers, dashboards, and similar stuff. In fact, they try to emulate the functionality of a crypto exchange, like Binance or Coinbase. However, it in actuality only serves as a shell intended to lull the vigilance.

Ugdbix Scam

Initially, Ugdbix mimics the appearance of multiple similar online platforms. There are quite a few examples, like Tenvex, Veputex or Vellydex. They are entirely indistinguishable in terms of visual elements, with small discrepancies in the website header. Other particulars, and sometimes even crypto wallet addresses, are the same. Most likely, all these fraudulent online platforms are managed by a single group of scoundrels.

Cryptocurrency Scam Summary

How the Ugdbix Scam Works?

Ugdbix is yet another website within a wide-ranging network of linked crypto fraudulent sites. The administrators employ various brand identities and websites, like Ugdbix.com, to capture victims. Nevertheless, these fraudulent sites share the same designs, terms of service, and About information. This exposes their origins as components of the same scam network, which endorses the identical form of deception under various disguises. The fraudsters merely replicate the same deceptive website under diverse names to fool users into assuming they are joining a fresh opportunity. However, in reality, it’s the identical system of swindlers orchestrating the misleading promises and efforts to grab deposited cryptocurrency. The managers shrewdly make use of psychological tactics and enticing propositions to carry out their unscrupulous schemes.

Step 1: Spreading

To begin the scam, criminals establish and fill accounts on well-liked social media platforms. They primarily focus on Facebook, Instagram, Twitter, and TikTok. Subsequently, the advertising campaign commences. Utilizing bots and sponsored advertisements (when achievable), fraud actors increase the exposure of their deceptive activities to possible victims. This tactic enables them to cast a wide net and interact with their targeted viewers. The latter usually comprises of cryptocurrency enthusiastic individuals looking for opportunities to make profits.

Users obtain a stimulus to sign up, drawn by the assurance of getting crypto prizes valued at thousands of dollars, all without cost. To enhance the appeal of the offer, false claims of sponsorship by a celebrity are incorporated. As you may guess, these claims are entirely baseless.

Step 2: Gaining Traffic

Individuals who show interest check out Ugdbix.com via links included in promotions or bot-generated posts. The website employs captivating visuals, design aspects that appear authentic, and claims of possessing a valid license, all aimed to project an initial perception of credibility.

Step 3: Data Gathering

To claim their prizes, users are required to deliberately sign up on Ugdbix and receive instructions to submit sensitive and personal data throughout the enrollment procedure. This comprises linking their cryptocurrency wallets, revealing email addresses, supplying phone numbers, submitting identification documents, and more.

Step 4: Requesting funds

Once enrolled, users notice substantial amounts of cryptocurrency, valued at hundreds of dollars, within their Ugdbix wallets. However, as it usually happens with such rewards, you are unable to withdraw them ahead of making a deposit. Usually, a deposit of $100 is asked to access the sign-up bonus. This condition serves as the enticement that ultimately culminates to the money loss.

Step 5: Disappear

The instant the deposit is sent, the deceivers terminate all interaction. They proceed to block users, erase accounts, and disappear with both the transferred funds and essential individual information. The fabricated rewards remain perpetually uncredited, as they lack actual existence. They function purely as a deceptive strategy. This method forms the foundation for the scammers’ capability to trick victims and misappropriate hard-earned earnings through their deceptive internet-based crypto scheme.

Signs of Scam

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

• Absent company details. Ugdbix does not provide any documentation about its ownership, location or registration. No legitimate contact details are given either. Moreover, it appears that the domain and all social network pages were registered quite recently.
• Fake sponsorship from a celebrity. Scams like Ugdbix like to pick a celebrity as a sponsor of this entire campaign. For obvious reasons, fraudsters generally choose Elon Musk, Jeff Bezos, Mr. Beast, Mark Zuckerberg, and similar celebrities. They do not disdain claiming partnership with a company as well. Even though Coinbase, Binance or MetaMask never heard of Ugdbix, they do not care – this creates a halo of credibility.
• Potential Ponzi Scheme. The scam relies on a Ponzi-like referral system to spread reach through social media. In fact, only the first members will receive the payoff, at the cost of the money brought by other members.
• Hype without facts. Frauds can cheer up their victims from time to time, using claims about non-existent events. “We got contracts with Coinbase”, “Elon Musk mentioned us as the most prolific crypto project” – you could likely hear something like that. This is made to make people believe in their money return. This can be the sauce to make people top-up their accounts once again.
• Crypto-only incoming payments. Whether the user tries to top-up the account, hackers will only accept payments in crypto – no bank transfers or other payment methods. Such an approach completely hides the identity of the company and deprives you of the ability to ask for a refund.
• Claims are too good to be true. Let’s be sane and sober: even in crypto space, there are not many places where you can earn 50-100-200%. Being able to participate in all of them is nearly impossible, as well as it is impossible to insure or hedge all the risks. Even by that reason alone I can tell that the Ugdbix is a definite scam.

What Should I do as a Victim?

If you had to deal with Ugdbix 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 fraud, rascals may reach out to you with particular documents. Alternatively, they may suggest you to set up “cryptocurrency wallet applications” or “browser extensions” to facilitate access to your cryptocurrency funds. As we previously determined, these rascals have no intent of returning your funds. So, what can these messages and browser add-ons represent? Correct – this is another side of the fraudulent scheme designed to throw you into deliberately running malicious applications onto your device.

Both extensions and files included to emails can serve as a shell for diverse malicious code. In this situation, I anticipate the presence of spyware and stealers among all types of threats. While it is not obligatory for scammers to distribute malware, the probability is always greater than zero. As previously mentioned, their conscience is of little concern, and their dignity is already deeply compromised. They have no principles to lose and aim to boost profits.

Remove spyware with Gridinsoft Anti-Malware

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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.

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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.

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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.

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Frequently asked questions

The truth about Ugdbix

Name: Ugdbix

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