We Looked at the Evidence: Is Upxtesla Legit or Scam?

Recently, Upxtesla.com service appeared, promoting itself as a place to store cryptocurrency and other assets safely. I managed to gather credible proof that unmistakably indicates it is, in truth, a scam site.

Despite what Upxtesla site says, they won’t ever pay off your capital. Despite the figures displayed in the “member area”, there is no ability to withdraw even a single coin. All commitments regarding crypto bonuses are baseless as well.

It is better to prevent, than repair and repent!

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Upxtesla Scam Overview

The main service that Upxtesla aims to provide is a protected and user-friendly crypto wallet service. The website pledges exchange solutions, tools for managing 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 only serves as a shell intended to fool the cautious.

Upxtesla Scam

Initially, Upxtesla imitates the design of multiple similar pages. There are quite a few examples, like Biunox, Bitgorex or Younixe. They are entirely indistinguishable in terms of visual elements, with small discrepancies in the webpage header. Other details, and sometimes even crypto wallet addresses, are the same. Presumably, all these fraudulent sites are managed by a single team of scoundrels.

Cryptocurrency Scam Summary

How the Upxtesla Scam Works?

Upxtesla is yet another webpage within a vast network of associated crypto deceptive sites. The managers employ diverse brand titles and sites, like Upxtesla.com, to capture victims. Nonetheless, these deceptive websites have in common matching designs, terms of service, and About Us information. This unveils their beginnings as components of the equal criminal network, which endorses the same form of fraud under diverse covers. The scammers simply duplicate the equal fraudulent site under various names to fool users into thinking they are enrolling a fresh opportunity. However, in actuality, it’s the identical group of fraudsters orchestrating the misleading commitments and attempts to take deposited money. The operators skillfully employ psychological tactics and captivating invitations to carry out their dishonest plots.

Step 1: Spreading

To begin the deceptive scheme, criminals establish and fill accounts on popular social media platforms. They generally target Facebook, Instagram, Twitter, and TikTok. Subsequently, the advertising campaign begins. Employing bots and paid promotions (when possible), fraud actors intensify the visibility of their scam activities to possible victims. This approach allows them to cast a broad net and engage with their aimed viewers. The latter typically comprises of cryptocurrency enthusiastic individuals looking for chances to make profits.

Users receive a stimulus to register, enticed by the promise of obtaining crypto rewards valued at thousands of dollars, all for free. To enhance the appeal of the offer, fake claims of sponsorship by a celebrity are incorporated. As you may guess, these assertions are completely baseless.

Step 2: Gaining Traffic

People who show interest go to Upxtesla.com via links included in ads or robotic posts. The webpage employs captivating visuals, design elements that appear genuine, and claims of having a legitimate license, all intended to convey an initial image of trustworthiness.

Step 3: Data Gathering

To redeem their prizes, users need to proactively create an account on Upxtesla and receive instructions to provide sensitive and private data during the enrollment process. This comprises linking their cryptocurrency wallets, sharing email addresses, giving phone numbers, submitting identification papers, and the like.

Step 4: Requesting funds

Once signed up, users witness significant amounts of cryptocurrency, valued at hundreds of dollars, within their Upxtesla wallets. However, as is standard with such bonuses, you can’t withdraw them prior to topping up your account. Normally, a payment of $100 is required to withdraw the sign-up bonus. This condition serves as the enticement that ultimately leads to the money loss.

Step 5: Disappear

The point in time the payment is sent, the deceivers cease all interaction. They go ahead to bar users, delete accounts, and vanish with both the deposited money and critical private details. The fictitious benefits persist perpetually uncredited, as they lack genuine existence. They function solely as a fraudulent strategy. This approach forms the foundation for the deceivers’ capability to trick victims and embezzle hard-earned funds through their duplicative web crypto scheme.

Signs of Scam

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

• False Celebrity Sponsorship. Upxtesla 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. Upxtesla.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. Upxtesla 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. Upxtesla.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%, Upxtesla preys on the desire for quick profits. Yet, the volatile nature of the cryptocurrency market makes such gains highly unlikely, definitively labeling Upxtesla as a scam.

What Should I do as a Victim?

If you had to deal with Upxtesla 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 course of the fraud, its actors may reach out to you with particular documents. Alternatively, they may propose you to install “cryptocurrency wallet applications” or “browser extensions” to simplify access to your crypto assets. As we already determined, these scoundrels have no intention of restoring your funds. So, what do these messages and browser plugins represent? You guessed – this is another element of the scam designed to throw you into deliberately running malicious software onto your computer.

Both add-ons and attachments included to emails can serve as a shell for various malicious code. In this scenario, I foresee the presence of spyware and stealers among other forms of malicious programs. While it is not obligatory for scammers to distribute malware, the likelihood is always greater than zero. As noted, their morality is of little concern, and their reputation is already deeply compromised. They have no scruples to lose and intend to maximize 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 Upxtesla

Name: Upxtesla

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