Recently, Zedoxtrade.com website popped up, promoting itself as a place to store cryptocurrency and other assets securely. I managed to gather credible evidence that unmistakably confirms it is, actually, a scam site.

Despite what Zedoxtrade site states, they won’t refund your funds. Even though the money displayed in the “member area”, there is zero way to take out even a single coin. All promises regarding crypto bonuses are hollow as well.

Zedoxtrade Scam Overview

The key feature that Zedoxtrade attempts to provide is a safe and convenient cryptocurrency wallet service. The site promises exchange services, tools for managing wallets, transfers, dashboards, and similar stuff. In fact, they endeavor to emulate the functionality of a crypto exchange, like Binance or Coinbase. However, it in actuality solely serves as a cover needed to lull the vigilance.

Initially, Zedoxtrade reproduces the design of multiple similar pages. There are quite a few examples, like Twitnix, Wuobi or Spacenix. They are entirely identical in terms of graphic elements, with slight discrepancies in the site header. Other particulars, and at times even crypto wallet addresses, are the same. Most likely, all these fraudulent online platforms are led by a single group of swindrels.

Cryptocurrency Scam Summary

How the Zedoxtrade Scam Works?

Zedoxtrade is yet another website within a wide-ranging network of linked crypto deceptive sites. The managers employ different brand titles and sites, like Zedoxtrade.com, to capture victims. However, these fraudulent websites have in common the same designs, terms of service, and About information. This reveals their origins as components of the identical scam network, which promotes the similar type of fraud under various disguises. The fraudsters merely copy the equal scam website under diverse names to mislead users into thinking they are enrolling a fresh platform. However, in actuality, it’s the identical system of swindlers orchestrating the fraudulent promises and efforts to take deposited funds. The managers shrewdly make use of psychological maneuvers and captivating propositions to implement their deceitful schemes.

Step 1: Spreading

To initiate the scam, criminals establish and fill accounts on popular social media platforms. They generally aim at Facebook, Instagram, Twitter, and TikTok. Subsequently, the advertising campaign begins. Utilizing bots and paid advertisements (when achievable), scam actors intensify the presence of their scam activities to possible victims. This approach enables them to create a broad net and interact with their focused spectators. The latter typically consists of cryptocurrency enthusiastic individuals looking for prospects to earn profits.

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

Step 2: Gaining Traffic

Individuals who demonstrate interest check out Zedoxtrade.com via links included in advertisements or bot-generated posts. The website uses captivating visuals, design features that appear authentic, and claims of having a legitimate license, all intended to project an initial perception of reliability.

Step 3: Data Gathering

To claim their prizes, users are required to actively sign up on Zedoxtrade and receive instructions to provide sensitive and personal data throughout the enrollment procedure. This includes linking their cryptocurrency wallets, sharing email addresses, giving phone numbers, sending in identification documents, and the like.

Step 4: Requesting funds

Once signed up, users witness considerable amounts of cryptocurrency, valued at thousands of dollars, within their Zedoxtrade wallets. Nevertheless, as it usually happens with such incentives, you are unable to withdraw them ahead of topping up your account. Typically, a funds transfer of $100 is asked to access the sign-up bonus. This prerequisite serves as the trap that eventually leads to the money loss.

Step 5: Disappear

The point in time the payment is sent, the scammers terminate all interaction. They move forward to block users, erase accounts, and abscond with both the submitted capital and critical individual details. The fabricated prizes remain perpetually uncredited, as they lack real existence. They operate purely as a phishing strategy. This approach forms the foundation for the scammers’ ability to mislead victims and misappropriate hard-earned earnings through their double-dealing web crypto fraud.

Signs of Scam

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

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

What Should I do as a Victim?

If you had to deal with Zedoxtrade 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 course of the scam, scoundrels may reach out to you with specific documents. Alternatively, they may propose you to install “cryptocurrency wallet applications” or “browser extensions” to facilitate access to your cryptocurrency assets. As we already figured out, these scammers have no plan of returning your capital. So, what can these messages and browser plugins represent? Correct – this is another element of the fraudulent scheme designed to throw you into deliberately installing destructive applications onto your computer.

Both add-ons and attachments added to emails can serve as a shell for diverse malware. In this scenario, I expect the presence of spyware and stealers among other kinds of malware. While it is not obligatory for scammers to distribute malware, the likelihood is always above zero. As noted, their morality is of no concern, and their dignity is already neck deep in mud. They have nothing to lose and intend 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

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