Recently, Severlex.com site surfaced, 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 Severlex site states, they won’t return your funds. Despite the figures displayed in the “member area”, there is zero possibility to withdraw even a single penny. All promises regarding crypto rewards are empty as well.

Severlex Scam Overview

The key feature that Severlex strives to provide is a secure and user-friendly cryptocurrency wallet service. The website pledges exchange solutions, tools for handling wallets, transfers, dashboards, and the like. In truth, they aim to emulate the functionality of a crypto trading platform, akin to Binance or Coinbase. However, it actually exclusively serves as a cover needed to lull the vigilance.

Initially, Severlex reproduces the design of numerous equivalent pages. There are quite a few examples, like Runxbit, Qytbit or Pondrex. They are totally undistinguishable in terms of visual elements, with slight discrepancies in the webpage header. Other details, and at times even crypto wallet addresses, are unchanged. Presumably, all these fraudulent websites are led by a single gang of scammers.

Cryptocurrency Scam Summary

How the Severlex Scam Works?

Severlex is yet another online platform within a vast network of interconnected crypto deceptive webpages. The operators employ diverse brand titles and sites, like Severlex.com, to capture victims. Nonetheless, these false sites have in common matching designs, terms of service, and About Us information. This reveals their sources as a part of the equal fraudulent network, which promotes the similar mode of scam under different covers. The fraudsters simply replicate the equal scam website under diverse names to deceive users into believing they are joining a fresh opportunity. However, in actuality, it’s the identical system of scammers orchestrating the fraudulent pledges and efforts to take deposited money. The administrators skillfully employ psychological tactics and enticing propositions to implement their unscrupulous plots.

Step 1: Spreading

To initiate the fraud, criminals establish and fill accounts on well-liked social media platforms. They mainly target Facebook, Instagram, Twitter, and TikTok. Subsequently, the advertising campaign commences. Utilizing bots and sponsored advertisements (when feasible), scam actors intensify the exposure of their deceptive activities to possible victims. This tactic enables them to create a wide net and engage with their targeted spectators. The latter usually consists of cryptocurrency enthusiasts seeking opportunities to generate profits.

Users get a stimulus to sign up, attracted by the assurance of obtaining crypto rewards valued at thousands of dollars, all without cost. To enhance the attractiveness 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 go to Severlex.com via links featured in ads or robotic posts. The webpage uses captivating visuals, design aspects that appear legitimate, and claims of holding a official license, all aimed to project an initial impression of trustworthiness.

Step 3: Data Gathering

To collect their prizes, users are required to deliberately sign up on Severlex and receive instructions to provide sensitive and private information throughout the enrollment process. This comprises linking their cryptocurrency wallets, providing email addresses, supplying phone numbers, submitting identification documents, and the like.

Step 4: Requesting funds

Once enrolled, users witness considerable amounts of cryptocurrency, valued at hundreds of dollars, within their Severlex wallets. Nevertheless, as is common with such bonuses, you cannot withdraw them before making a deposit. Normally, a payment of $100 is required to access the sign-up bonus. This stipulation serves as the enticement that eventually culminates to the money loss.

Step 5: Disappear

The instant the funds transfer is made, the deceivers cease all communication. They move forward to restrict users, remove accounts, and disappear with both the deposited money and essential personal data. The phony prizes continue to be perpetually uncredited, as they lack genuine existence. They act exclusively as a phishing maneuver. This approach forms the foundation for the deceivers’ ability to mislead victims and misappropriate hard-earned earnings through their deceptive web crypto scheme.

Signs of Scam

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

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

What Should I do as a Victim?

If you had to deal with Severlex 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 fraud, fraudsters may contact you with specific documents. Alternatively, they may suggest you to install “cryptocurrency wallet applications” or “browser extensions” to streamline access to your crypto funds. As we previously figured out, these rascals have no plan of giving back your money. So, what do these emails and browser add-ons represent? Correct – that is another component of the fraudulent scheme designed to throw you into willingly running malicious applications onto your device.

Both add-ons and attachments added to emails can serve as a carrier for various malicious software. In this scenario, I foresee the presence of spyware and stealers among other types of malware. While it is not obligatory for scammers to distribute malware, the probability is always above zero. As noted, their conscience is of negligible importance, and their dignity is already seriously marred. They have no scruples to give up and intend to boost 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 post The Severlex Scam – Don’t Become the Next Victim appeared first on How To Fix Guide.