The Truth About Worldbitex: Legit or Scam? Our Review

Recently, Worldbitex.com site popped up, promoting itself as a platform to keep cryptocurrency and other assets safely. I managed to gather reliable supporting information that unmistakably confirms it is, in fact, a deceptive platform.

Contrary to the statements of Worldbitex.com, they won’t refund your funds. Even though the numbers displayed in the “member area”, there is absolutely no means to withdraw even a penny. All pledges regarding crypto rewards are baseless 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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Worldbitex Scam Overview

The key service that Worldbitex aims to provide is a secure and convenient cryptocurrency wallet service. The site promises crypto exchange facilities, tools for managing wallets, transfers, dashboards, and similar stuff. In reality, they endeavor to emulate the functionality of a crypto trading platform, like Binance or Coinbase. However, it in fact solely serves as a cover intended to fool the cautious.

Worldbitex Scam

Initially, Worldbitex reproduces the design of numerous equivalent websites. There are quite a few examples, like Xaigrokx, Xlinkcoin or Usdteab. They are completely indistinguishable in terms of graphic elements, with minor discrepancies in the website header. Other details, and at times even crypto wallet addresses, are matching. Presumably, all these fraudulent websites are operated by the same group of scammers.

Cryptocurrency Scam Summary

How the Worldbitex Scam Works?

Worldbitex is yet another online platform within a wide-ranging network of associated crypto fraudulent sites. The managers utilize various brand names and sites, like Worldbitex.com, to capture victims. However, these fraudulent sites share the same designs, terms of service, and About information. This unveils their beginnings as components of the equal fraudulent network, which endorses the similar type of fraud under different covers. The fraudsters merely copy the identical scam site under different names to deceive users into believing they are enrolling a fresh platform. However, in reality, it’s the identical group of fraudsters orchestrating the misleading pledges and attempts to grab deposited money. The managers shrewdly utilize psychological maneuvers and appealing invitations to implement their unscrupulous schemes.

Step 1: Spreading

To initiate the deceptive scheme, criminals establish and fill accounts on popular social media platforms. They mainly aim at Facebook, Instagram, Twitter, and TikTok. Subsequently, the promotional campaign begins. Utilizing bots and paid ads (when achievable), scam actors intensify the exposure of their fraudulent activities to potential victims. This tactic enables them to cast a broad net and connect with their focused viewers. The audience typically consists of cryptocurrency enthusiasts searching for opportunities to earn profits.

Users receive an encouragement to enroll, enticed by the promise of getting crypto prizes valued at thousands of dollars, all without cost. To enhance the appeal of the offer, false suggestions of sponsorship by a celebrity are added. As you may guess, these claims are entirely baseless.

Step 2: Gaining Traffic

People who show interest visit Worldbitex.com via links included in promotions or bot-generated posts. The site employs captivating visuals, design aspects that appear authentic, and assertions of possessing a valid license, all designed to project an initial image of trustworthiness.

Step 3: Data Gathering

To claim their rewards, users are required to deliberately create an profile on Worldbitex and get guidance to provide sensitive and private data during the enrollment process. This comprises linking their cryptocurrency wallets, providing email addresses, supplying phone numbers, submitting identification documents, and the like.

Step 4: Requesting funds

Once registered, users witness considerable amounts of cryptocurrency, valued at thousands of dollars, within their Worldbitex wallets. Nevertheless, as is typical with such bonuses, you are unable to withdraw them ahead of making a deposit. Normally, a funds transfer of $100 is asked to withdraw the sign-up bonus. This condition serves as the trap that ultimately results to the money loss.

Step 5: Disappear

The point in time the deposit is sent, the deceivers cease all contact. They go ahead to bar users, delete accounts, and disappear with both the transferred capital and essential private details. The fictitious benefits persist perpetually uncredited, as they lack actual existence. They function solely as a deceptive ploy. This technique forms the foundation for the deceivers’ capacity to deceive victims and steal hard-earned money through their duplicative online crypto fraud.

Signs of Scam

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

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

What Should I do as a Victim?

If you had to deal with Worldbitex 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 the scam to authorities. Search for local authorities responsible for financial frauds, and also notify wallet providers and social networks via their tech support. It is essential to make the further operations of these scammers much harder.
• Tell your close friends. That step is similar to reporting to the authorities, and has similar effects. By posting info about scam crypto service, you decrease the pool of people they can fool.
• Get evidence. Screenshot or save all the information related to the website. URL, screenshot of a main page, login window, EULA, account top-up menu, wallet addresses – all these things may be useful for authorities to find the scammers.
• Check whether you can ask for a refund. As I’ve said above, crypto payments do not fall under refund policies in most banks. Nonetheless, in some circumstances, it is still possible. Never lose hope until you actually confirm it is gone.
• Make your mistake your lesson. Financial losses are always a reason for frustration, but let’s imagine it was a pay for scam revealing courses. Remember the key features of these crypto scam sites, the way they attract people and what they promise. In the future, you will easily recognize a trap of spending no money.

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 scam, its masters may contact you with specific files. Alternatively, they may suggest you to set up “cryptocurrency wallet applications” or “browser extensions” to simplify access to your cryptocurrency savings. As we earlier figured out, these deceivers have no intention of restoring your capital. So, what can these messages and browser plugins represent? You guessed it right – that is another component of the deceptive plan designed to entice you into willingly installing destructive software onto your system.

Both add-ons and attachments added to emails can function as a shell for diverse malicious code. In this situation, 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 likelihood is always existent. As previously mentioned, their conscience is of no concern, and their dignity is already neck deep in mud. They have no scruples to give up and aim to boost revenues.

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 Worldbitex

Name: Worldbitex

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