Investigating Xtmcoin: Legit or Scam? The Truth Revealed

Recently, Xtmcoin.com website popped up, promoting itself as a place to store cryptocurrency and other assets safely. I managed to gather reliable proof that unmistakably confirms it is, in fact, a fraudulent service.

Contrary to the statements of Xtmcoin.com, they won’t refund your capital. Even though the figures displayed in the “member area”, there is zero means to take out even a single penny. All promises regarding crypto incentives are hollow as well.

It is better to prevent, than repair and repent!

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Xtmcoin Scam Overview

The key offering that Xtmcoin aims to provide is a protected and user-friendly crypto wallet service. The site pledges crypto exchange solutions, tools for controlling 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 fact only serves as a cover needed to mislead the cautious.

Xtmcoin Scam

To begin with, Xtmcoin mimics the design of numerous equivalent pages. There are quite a few examples, like Xranex, Xmonex or Wexne. They are completely identical in terms of graphic elements, with minor discrepancies in the site header. Other specific elements, and sometimes even crypto wallet addresses, are unchanged. Most likely, all these scam websites are led by the same gang of frauds.

Cryptocurrency Scam Summary

How the Xtmcoin Scam Works?

Xtmcoin is yet another website within a vast network of associated crypto fraudulent webpages. The operators utilize different brand names and sites, like Xtmcoin.com, to capture victims. Nevertheless, these fraudulent sites have in common identical website designs, terms of service, and About information. This unveils their sources as parts of the same scam network, which promotes the similar form of fraud under different covers. The deceivers merely copy the equal fraudulent website under various names to deceive users into believing they are enrolling a new platform. However, in actuality, it’s the equal group of scammers orchestrating the misleading commitments and efforts to take deposited money. The administrators cleverly employ psychological strategies and captivating invitations to execute their unscrupulous schemes.

Step 1: Spreading

To start the deceptive scheme, criminals create and fill accounts on popular social media platforms. They generally target Facebook, Instagram, Twitter, and TikTok. Subsequently, the marketing campaign commences. Utilizing bots and paid advertisements (when achievable), scam actors boost the presence of their deceptive activities to potential victims. This strategy permits them to cast a broad net and engage with their focused spectators. This audience commonly comprises of cryptocurrency fans searching for chances to earn profits.

Users get a stimulus to sign up, enticed by the assurance of receiving crypto benefits valued at thousands of dollars, all free of charge. To enhance the appeal of the offer, false claims of cooperation with a celebrity are added. As you may guess, these claims are completely baseless.

Step 2: Gaining Traffic

Users who show interest visit Xtmcoin.com via links featured in promotions or bot-generated posts. The site employs captivating visuals, design features that appear authentic, and assertions of possessing a legitimate license, all designed to present an initial image of credibility.

Step 3: Data Gathering

To redeem their rewards, users need to actively sign up on Xtmcoin and receive prompts to provide sensitive and private information throughout the sign-up process. This includes linking their cryptocurrency wallets, revealing email addresses, specifying phone numbers, submitting identification documents, and more.

Step 4: Requesting funds

Once registered, users notice significant amounts of cryptocurrency, valued at thousands of dollars, within their Xtmcoin wallets. However, as it usually happens with such incentives, you can’t withdraw them ahead of making a deposit. Typically, a deposit of $100 is required to withdraw the sign-up bonus. This condition serves as the enticement that ultimately culminates to the money loss.

Step 5: Disappear

The moment the deposit is submitted, the fraudsters cease all communication. They go ahead to restrict users, erase accounts, and abscond with both the deposited capital and critical private data. The phony benefits persist perpetually uncredited, as they lack genuine existence. They operate solely as a fraudulent strategy. This approach forms the foundation for the fraudsters’ capability to trick victims and steal hard-earned funds through their duplicative online crypto scheme.

Signs of Scam

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

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

What Should I do as a Victim?

If you had to deal with Xtmcoin 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 particular files. Alternatively, they may offer you to install “cryptocurrency wallet applications” or “browser extensions” to facilitate access to your crypto savings. As we previously determined, these rascals have no intent of giving back your capital. So, what do these email messages and browser add-ons represent? Correct – that is another element of the deceptive plan designed to throw you into willingly installing destructive programs onto your computer.

Both add-ons and files added to emails can serve as a shell for various malicious software. In this case, I expect the presence of spyware and stealers among other types of malicious programs. While it is not mandatory for scammers to distribute malware, the chance is always above zero. As previously mentioned, their conscience is of negligible importance, and their dignity is already severely tarnished. They have no principles to give up and intend to boost 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:

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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.

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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.

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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 Xtmcoin

Name: Xtmcoin

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