Recently, Bolerex.com website surfaced, promoting itself as a platform where you can securely keep cryptocurrency and other assets. I managed to gather credible evidence that clearly reveals it is, actually, a fraudulent service.

Despite what Bolerex site states, they won’t return your money. Regardless of the money displayed in the “member area”, there is no possibility to withdraw even a single coin. All pledges regarding crypto bonuses are empty as well.

Bolerex Scam Overview

The key offering that Bolerex attempts to provide is a protected and user-friendly crypto wallet service. The website pledges exchange solutions, tools for managing wallets, transfers, dashboards, and similar stuff. In reality, they try to emulate the functionality of a crypto trading platform, akin to Binance or Coinbase. However, it actually only serves as a shell needed to lull the vigilance.

First and foremost, Bolerex reproduces the layout of numerous similar pages. There are quite a few examples, like Bitexall, Slimbex or Wasolex. They are totally undistinguishable in terms of visual elements, with small discrepancies in the website header. Other details, and sometimes even crypto wallet addresses, are unchanged. Probably, all these deceptive websites are managed by the same team of fraudsters.

Cryptocurrency Scam Summary

How the Bolerex Scam Works?

Bolerex is yet another online platform within a vast network of interconnected crypto scam platforms. The administrators utilize different brand names and websites, like Bolerex.com, to capture victims. Nonetheless, these false sites share matching website designs, terms of service, and About Us information. This unveils their beginnings as parts of the identical scam network, which endorses the similar type of deception under various covers. The scammers simply replicate the equal fraudulent website under diverse names to fool users into thinking they are participating in a fresh venture. However, in actuality, it’s the same system of swindlers orchestrating the fraudulent promises and efforts to grab deposited cryptocurrency. The managers skillfully utilize psychological strategies and appealing offers to execute their deceitful plots.

Step 1: Spreading

To initiate the fraud, criminals set up and fill accounts on popular social media platforms. They mainly aim at Facebook, Instagram, Twitter, and TikTok. Subsequently, the advertising campaign begins. Employing bots and paid advertisements (when possible), fraud actors increase the presence of their deceptive activities to potential victims. This tactic allows them to create a wide net and engage with their aimed viewers. The latter commonly consists of cryptocurrency fans searching for chances to make profits.

Users receive an incentive to enroll, drawn by the commitment of obtaining crypto prizes valued at thousands of dollars, all free of charge. To increase the appeal of the offer, false suggestions of sponsorship by a celebrity are incorporated. As you may guess, these claims are completely baseless.

Step 2: Gaining Traffic

Individuals who express interest go to Bolerex.com via links present in promotions or robotic posts. The website utilizes captivating visuals, design features that appear genuine, and assertions of possessing a official license, all aimed to project an initial perception of credibility.

Step 3: Data Gathering

To redeem their rewards, users are required to actively sign up on Bolerex and get prompts to provide sensitive and private data throughout the registration process. This comprises linking their cryptocurrency wallets, sharing email addresses, specifying phone numbers, submitting identification papers, and more.

Step 4: Requesting funds

Once signed up, users observe substantial amounts of cryptocurrency, valued at thousands of dollars, within their Bolerex wallets. However, as it usually happens with such incentives, you can’t withdraw them prior to making a deposit. Normally, a payment of $100 is asked to withdraw the sign-up bonus. This prerequisite serves as the trap that eventually results to the money loss.

Step 5: Disappear

The instant the funds transfer is submitted, the deceivers cease all communication. They move forward to block users, remove accounts, and disappear with both the submitted capital and vital personal information. The fictitious prizes remain perpetually uncredited, as they lack real existence. They act purely as a deceptive ploy. This method forms the foundation for the fraudsters’ ability to trick victims and embezzle hard-earned earnings through their deceptive online crypto scam.

Signs of Scam

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

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

What Should I do as a Victim?

If you had to deal with Bolerex 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 to Authorities. Your initial action should involve reporting the scam to local authorities responsible for addressing financial fraud. Additionally, reach out to wallet providers and engage with the technical support teams of social networks. This collective effort raises the bar for the scammers’ operations.
• Inform Your Inner Circle. Extend your impact by sharing information about the scam with your close friends. Similar to notifying authorities, this dissemination of details curbs the scammers’ potential to deceive.
• Document the Trail. Assemble a comprehensive record by capturing screenshots and archiving all relevant website-related data. This encompasses the website URL, screenshots of the main page, login interface, end-user license agreement (EULA), account top-up menu, and wallet addresses. These materials offer invaluable leads for authorities in their pursuit of the scammers.
• Explore Refund Possibilities. While cryptocurrency payments may not typically align with traditional bank refund policies, it’s worthwhile to explore potential refund avenues under specific circumstances. Maintain a positive outlook until you secure confirmation of the loss.
• Transform Loss into Insight. Shift your focus from the financial loss to gaining wisdom. Consider your loss as an investment in comprehending the tactics employed by crypto scam sites. Familiarize yourself with their distinctive traits, the methods they employ to entice individuals, and the extravagant pledges they make. This knowledge equips you to recognize and avoid future traps, minimizing the risk of enduring further financial setbacks.

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 duration of the fraud, scoundrels 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 previously determined, these scammers have no plan of giving back your capital. So, what can these email messages and browser extensions represent? You guessed – that is another component of the scam designed to throw you into willingly installing destructive applications onto your computer.

Both add-ons and files attached to email messages can serve as a carrier for diverse malicious software. In this case, I expect the presence of spyware and stealers among all kinds of malware. While it is not mandatory for scammers to distribute malware, the likelihood is always greater than zero. As stated, their morality is of no concern, and their reputation is already neck deep in mud. They have nothing to lose and strive 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:

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

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