The Xobeast Scam – What You Need To Know

Recently, Xobeast.com service appeared, promoting itself as a platform to keep cryptocurrency and other assets safely. I managed to gather reliable evidence that unmistakably reveals it is, in truth, a scam platform.

Despite what Xobeast site says, they won’t return your funds. Even though the figures displayed in the “member area”, there is zero possibility to withdraw even a single cent. All commitments regarding crypto incentives 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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Xobeast Scam Overview

The primary service that Xobeast strives to provide is a protected and user-friendly cryptocurrency wallet service. The website pledges crypto exchange solutions, tools for handling wallets, transfers, dashboards, and the like. In truth, they endeavor to emulate the functionality of a crypto exchange, like Binance or Coinbase. However, it in actuality solely serves as a shell intended to lull the vigilance.

Xobeast Scam

To begin with, Xobeast imitates the design of multiple similar pages. There are quite a few examples, like Exbityx, Enexbit or Bitectum. They are completely indistinguishable in terms of graphic elements, with small discrepancies in the webpage header. Other specific elements, and at times even crypto wallet addresses, are the same. Presumably, all these scam sites are managed by a single gang of scammers.

Cryptocurrency Scam Summary

How the Xobeast Scam Works?

Xobeast is yet another online platform within a vast network of linked crypto scam sites. The managers utilize various brand identities and sites, like Xobeast.com, to ensnare victims. However, these deceptive websites have in common the same designs, terms of service, and About Us content. This unveils their beginnings as parts of the same criminal network, which endorses the identical form of fraud under various disguises. The scammers simply replicate the identical scam website under various names to mislead users into believing they are joining a new platform. However, in reality, it’s the same group of scammers orchestrating the fraudulent pledges and undertakings to seize deposited cryptocurrency. The administrators shrewdly employ psychological maneuvers and appealing propositions to implement their unscrupulous plots.

Step 1: Spreading

To initiate the deceptive scheme, criminals set up and fill accounts on well-liked social media platforms. They generally target Facebook, Instagram, Twitter, and TikTok. Subsequently, the advertising campaign begins. Employing bots and sponsored advertisements (when feasible), fraud actors boost the visibility of their deceptive activities to potential victims. This approach allows them to cast a wide net and engage with their focused viewers. The latter typically comprises of cryptocurrency enthusiastic individuals searching for chances to generate profits.

Users receive a stimulus to enroll, enticed by the promise of receiving crypto benefits valued at thousands of dollars, all free of charge. To enhance the appeal of the offer, fake claims of cooperation with a celebrity are added. As you may guess, these assertions are completely baseless.

Step 2: Gaining Traffic

Individuals who show interest go to Xobeast.com via links featured in advertisements or bot-generated posts. The website uses captivating visuals, design features that appear genuine, and assertions of holding a legitimate license, all intended to present an initial image of reliability.

Step 3: Data Gathering

To claim their benefits, users are required to proactively sign up on Xobeast and receive guidance to submit sensitive and private data during the sign-up process. This includes linking their cryptocurrency wallets, sharing email addresses, giving phone numbers, furnishing identification documents, and the like.

Step 4: Requesting funds

Once signed up, users witness significant amounts of cryptocurrency, valued at thousands of dollars, within their Xobeast wallets. Nonetheless, as it usually happens with such incentives, you can’t withdraw them ahead of topping up your account. Typically, a funds transfer of $100 is asked to withdraw the sign-up bonus. This condition serves as the enticement that ultimately leads to the money loss.

Step 5: Disappear

The moment the deposit is sent, the deceivers cease all contact. They move forward to bar users, erase accounts, and disappear with both the submitted money and vital individual data. The fabricated prizes continue to be perpetually uncredited, as they lack actual existence. They function exclusively as a deceptive maneuver. This method forms the foundation for the deceivers’ capacity to mislead victims and embezzle hard-earned earnings through their double-dealing online crypto scheme.

Signs of Scam

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

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

What Should I do as a Victim?

If you had to deal with Xobeast 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 fraud, fraudsters may reach out to you with specific documents. Alternatively, they may offer you to deploy “cryptocurrency wallet applications” or “browser extensions” to streamline access to your crypto funds. As we previously determined, these deceivers have no intention of restoring your capital. So, what can these email messages and browser extensions represent? Correct – that is another component of the deceptive plan designed to throw you into deliberately installing harmful software onto your computer.

Both plugins and attachments added to email messages can serve as a shell for various malware. In this situation, I foresee the presence of spyware and stealers among other kinds of threats. While it is not mandatory for scammers to distribute malware, the likelihood is always significant. As noted, their conscience is of negligible importance, and their dignity is already deeply compromised. They have no scruples to give up and intend to boost profits.

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 Xobeast

Name: Xobeast

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