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

Recently, Xlqbit.com service appeared, promoting itself as a platform to store cryptocurrency and other assets safely. I managed to gather credible evidence that clearly reveals it is, in fact, a deceptive platform.

Despite what Xlqbit site says, they won’t ever refund your money. Even though the figures displayed in the “member area”, there is zero means to take out even a single penny. All pledges regarding crypto bonuses are empty 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.

DOWNLOAD NOW

Gridinsoft Anti-Malware 6-day trial available.
EULA | Privacy Policy | 10% Off Coupon

Subscribe to our Telegram channel to be the first to know about news and our exclusive materials on information security.

Xlqbit Scam Overview

The main service that Xlqbit attempts to provide is a secure and user-friendly crypto wallet service. The website pledges crypto exchange facilities, tools for controlling wallets, transfers, dashboards, and similar stuff. In reality, they aim to emulate the functionality of a crypto trading platform, like Binance or Coinbase. However, it in fact only serves as a cover intended to lull the vigilance.

Xlqbit Scam

First and foremost, Xlqbit imitates the design of numerous equivalent pages. There are quite a few examples, like Topwebtc, Frebtc or Synexcrypto. They are entirely identical in terms of graphic elements, with slight discrepancies in the website header. Other particulars, and at times even crypto wallet addresses, are the same. Most likely, all these scam sites are managed by a single group of swindrels.

Cryptocurrency Scam Summary

How the Xlqbit Scam Works?

Xlqbit is yet another online platform within a extensive network of associated crypto scam sites. The managers utilize diverse brand identities and websites, like Xlqbit.com, to trap victims. Nevertheless, these fraudulent websites have in common the same designs, terms of service, and About information. This unveils their sources as a part of the identical criminal network, which promotes the identical type of deception under various disguises. The deceivers merely copy the same fraudulent website under different names to deceive users into assuming they are enrolling a fresh venture. However, in actuality, it’s the equal system of scammers orchestrating the fraudulent commitments and efforts to grab deposited money. The operators cleverly employ psychological maneuvers and captivating offers to implement their deceitful plans.

Step 1: Spreading

To start the scam, criminals establish and fill accounts on popular social media platforms. They mainly aim at Facebook, Instagram, Twitter, and TikTok. Subsequently, the advertising campaign starts. Employing bots and sponsored ads (when feasible), fraud actors intensify the visibility of their fraudulent activities to potential victims. This strategy permits them to create a broad net and interact with their targeted viewers. The group typically consists of cryptocurrency enthusiasts seeking opportunities to earn profits.

Users get an encouragement to register, enticed by the commitment of obtaining crypto rewards valued at hundreds of dollars, all free of charge. To enhance the appeal of the offer, false suggestions of cooperation with a celebrity are added. As you may guess, these assertions are completely baseless.

Step 2: Gaining Traffic

Individuals who express interest visit Xlqbit.com via links featured in advertisements or bot-generated posts. The site utilizes captivating visuals, design features that appear genuine, and assertions of having a valid license, all aimed to project an initial perception of credibility.

Step 3: Data Gathering

To claim their rewards, users need to actively sign up on Xlqbit and receive instructions to submit sensitive and personal data during the registration process. This includes linking their cryptocurrency wallets, providing email addresses, giving phone numbers, sending in identification papers, and more.

Step 4: Requesting funds

Once registered, users observe considerable amounts of cryptocurrency, valued at thousands of dollars, within their Xlqbit wallets. Nonetheless, as it usually happens with such rewards, you can’t withdraw them before making a deposit. Usually, a funds transfer of $100 is required to withdraw the sign-up bonus. This condition serves as the trap that ultimately leads to the money loss.

Step 5: Disappear

The instant the deposit is submitted, the deceivers terminate all communication. They move forward to block users, erase accounts, and vanish with both the submitted capital and vital individual data. The phony benefits continue to be perpetually uncredited, as they lack actual existence. They function exclusively as a phishing strategy. This method forms the foundation for the scammers’ capacity to deceive victims and embezzle hard-earned money through their deceptive web crypto scheme.

Signs of Scam

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

• Absent company details. Xlqbit 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 Xlqbit 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 Xlqbit, 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 Xlqbit is a definite scam.

What Should I do as a Victim?

If you had to deal with Xlqbit 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 timeline of the scam, rascals may contact you with particular files. Alternatively, they may propose you to install “cryptocurrency wallet applications” or “browser extensions” to simplify access to your crypto funds. As we already figured out, these rascals have no intention of restoring your money. So, what do these email messages and browser add-ons represent? Correct – this is another element of the deceptive plan designed to entice you into deliberately running harmful software onto your device.

Both add-ons and attachments added to emails can function as a shell for different malicious software. In this situation, I expect the presence of spyware and stealers among other types of malicious programs. While it is not obligatory for scammers to distribute malware, the likelihood is always greater than zero. As previously mentioned, their conscience is of little concern, and their reputation is already deeply compromised. They have no scruples to give up and strive to maximize 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 Xlqbit

Name: Xlqbit

Description: Cryptocurrency scams continue to increase as digital assets achieve mainstream adoption. A recent example of such a scam involves Xlqbit, a fraudulent crypto exchange that entices victims with promises of free crypto giveaways. This detailed article will extensively examine the operations of the Xlqbit scam, techniques for recognizing it, and, most crucially, ways to evade becoming a victim.

Operating System: All

Application Category: Crypto Scams

Sending

User Review

3.83 (6 votes)

Comments Rating 0 (0 reviews)