The Voubexbit Scam – What You Need To Know

Recently, Voubexbit.com service popped up, promoting itself as a platform where you can securely store cryptocurrency and other assets. I managed to gather credible evidence that clearly confirms it is, in fact, a fraudulent site.

Despite what Voubexbit site says, they will never return your money. Even though the numbers displayed in the “member area”, there is zero possibility to take out even a cent. All promises regarding crypto rewards are baseless as well.

Voubexbit Scam Overview

The key service that Voubexbit aims to provide is a protected and convenient cryptocurrency wallet service. The website promises crypto exchange services, tools for controlling wallets, transfers, dashboards, and the like. In reality, they aim to emulate the functionality of a crypto trading platform, like Binance or Coinbase. However, it actually only serves as a shell intended to lull the vigilance.

Voubexbit Scam

First and foremost, Voubexbit reproduces the appearance of multiple similar online platforms. There are quite a few examples, like Xryptocoin or Beecrypt. They are totally indistinguishable in terms of visual elements, with slight discrepancies in the site header. Other specific elements, and at times even crypto wallet addresses, are identical. Most likely, all these scam sites are managed by a single gang of swindrels.

Cryptocurrency Scam Summary

How the Voubexbit Scam Works?

Voubexbit is yet another webpage within a extensive network of interconnected crypto deceptive sites. The managers employ various brand identities and sites, like Voubexbit.com, to capture victims. Nevertheless, these deceptive websites share identical website designs, terms of service, and About information. This reveals their beginnings as a part of the same fraudulent network, which advocates the identical form of scam under different covers. The fraudsters just copy the same scam website under different names to fool users into believing they are enrolling a fresh opportunity. However, in actuality, it’s the same group of scammers orchestrating the misleading promises and efforts to grab deposited cryptocurrency. The managers shrewdly employ psychological maneuvers and appealing propositions to carry out their dishonest plots.

Step 1: Spreading

To begin the scam, criminals create and fill accounts on popular social media platforms. They mainly target Facebook, Instagram, Twitter, and TikTok. Subsequently, the marketing campaign commences. Employing bots and sponsored promotions (when feasible), scam actors boost the presence of their deceptive activities to possible victims. This tactic allows them to create a broad net and connect with their aimed audience. The public usually consists of cryptocurrency enthusiasts seeking prospects to earn profits. Here is a typical example of a publication on social networks:

Step 2: Gaining Traffic

People who show interest go to Voubexbit.com via links included in ads or robotic posts. The site utilizes captivating visuals, design elements that appear legitimate, and claims of possessing a official license, all designed to project an initial impression of reliability.

Step 3: Data Gathering

To claim their rewards, users must deliberately sign up on Voubexbit and receive instructions to submit sensitive and personal information during the registration process. This includes linking their cryptocurrency wallets, sharing email addresses, specifying phone numbers, furnishing identification documents, and the like.

Step 4: Requesting funds

Once registered, users notice significant amounts of cryptocurrency, valued at hundreds of dollars, within their Voubexbit wallets. Nonetheless, as it usually happens with such rewards, you can’t withdraw them before topping up your account. Typically, a funds transfer of $100 is asked to get the sign-up bonus. This condition serves as the trap that eventually culminates to the money loss.

Step 5: Disappear

Signs of Scam

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

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

What Should I do as a Victim?

If you had to deal with Voubexbit 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.

• Secure Your Actions. Begin by promptly reporting the scam to appropriate local authorities tasked with handling financial fraud. Notify wallet providers and engage with social networks’ technical support teams. By taking these measures, you contribute to making the scammers’ operations significantly more difficult.
• Expand Awareness. Extend your efforts by sharing the scam information with your close friends. This action has a parallel effect to reporting to the authorities, as disseminating details about fraudulent crypto services reduces the potential victims they can deceive.
• Gather Evidence. Preserve comprehensive evidence by capturing screenshots and saving all pertinent data linked to the deceptive website. Collect the URL, screenshots of the main page, login interface, end-user license agreement (EULA), account top-up menu, and wallet addresses. These materials could prove invaluable for authorities in their pursuit of the scammers.
• Explore Refund Possibilities. While cryptocurrency payments generally fall outside the scope of refund policies within most banks, it’s worth investigating the potential for a refund in specific circumstances. Maintain optimism until you definitively confirm the loss.
• Convert Mistake into Wisdom. Transform your financial setback into a valuable learning experience. Treat your loss as an investment in understanding the tactics of crypto scam sites. Familiarize yourself with their key characteristics, how they lure individuals, and the grandiose promises they make. Armed with this knowledge, you’ll be well-equipped to recognize and avoid falling into future traps without incurring further losses.

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 contact you with particular documents. Alternatively, they may offer you to set up “cryptocurrency wallet applications” or “browser extensions” to streamline access to your crypto funds. As we previously figured out, these rascals have no plan of restoring your funds. So, what do these messages and browser plugins represent? Correct – that is another element of the scam designed to entice you into deliberately running malicious software onto your computer.

Both extensions and attachments included to email messages can serve as a shell for different malware. In this scenario, I foresee the presence of spyware and stealers among all forms of threats. While it is not obligatory for scammers to distribute malware, the chance is always above zero. As previously mentioned, their conscience is of little concern, and their reputation is already neck deep in mud. They have no scruples to lose and aim to maximize profits.

Frequently asked questions