BioxTrade.com is an Scam cryptocurrency website that lures victims with promises of free Bitcoin. The site promotes itself using fake Elon Musk deepfake videos and claims that entering the promo code “Biox” will credit users with 0.299(About 35000$) BTC. At first look, the platform seems to be like a new crypto trading site, but in reality, it is not, its just another Advance Fee Scam.
How the BioxTrade.com Scam Works
Fake Deepfake Ads with Elon Musk
The scammers use fake videos of Elon Musk. They bombard these videos on YouTube, TikTok, and Instagram Reels. The videos are deepfakes. They make it look like Musk is backing the platform and giving away free Bitcoin to each new users by only a simple sign up.
Promo Code “Biox” Trap
People who sign up and use the promo code “Biox” see fake balance on their account. The numbers look real. They show 0.299 BTC or more. but its all fake and no money is waiting for you to withdraw.
Fake Account Balances
The site shows big fake btc balances to users. This tricks people into thinking they already have free Bitcoin. This makes them feel like they got something easily. It pushes them to follow whatever the scammers tell them to do next.
Forced Deposits to Withdraw
When victims try to withdraw their fake Bitcoin from BioxTrade.com, it claims they must first deposit a small amount to cover fees of withdrawals, 0.002 BTC to Verify Your Account, Crazy! This is the classic Advance Fee Scam trick. Once you make a deposit, You’re money is gone forever.
ScamMinder AI Flags BioxTrade.com
ScamMinder AI did an automated scan. And found that BioxTrade.com acts just like other fake platforms.
Here is Why is the trust score of bioxtrade.com strongly low?
The website bioxtrade.com claims to be a cryptocurrency trading platform. However, several red flags indicate that it may be a scam:
1. New Domain: The domain is only 29 days old. Legitimate cryptocurrency platforms typically have a longer track record.
2. Highly Positive Reviews: The reviews on the website are overwhelmingly positive, which is unusual. Legitimate platforms usually have a mix of reviews.
3. Unrealistic Promises: The website promises high returns and minimal risk, which is a common tactic used by fraudulent platforms.
4. Lack of Detailed Information: The website provides limited information about the company, its team, or its regulatory status, which is a red flag.
5. Security Email Address: The website provides an email address for security concerns, which is not a common practice for legitimate platforms.
6. Generic Language: The website uses generic language and does not provide in-depth information about its services or technology.
Given these red flags, it is advisable to exercise extreme caution and conduct thorough research before engaging with this platform. ScamMinder already lists BioxTrade.com as a high-risk scam site in its database. Full Review.
What to Do If You Got Scammed by BioxTrade.com
- Stop Sending Money: Do not fall for additional deposit requests.
- Report the Scam: File a report with cybercrime authorities and financial regulators in your country.
- Protect Your Accounts: Move your crypto to a safe wallet and reset all passwords.
- Seek Support: Consider legal advice and talk with family or professionals for emotional support.
Getting your money back is very hard once it goes to the scam wallets. But reporting the crime can help authorities track these criminals.
How to Avoid Scams Like BioxTrade.com
To protect yourself from these Scammers, Remember:
- Don’t trust celebrity crypto endorsements. Scammers frequently use fake Elon Musk or MrBeast videos.
- Do your own research. Always verify registration and reputation before depositing funds.
- Avoid “too good to be true” offers. Free Bitcoin promo codes are almost always scams.
- Use regulated exchanges only. Stick to well-known and transparent platforms.
The Bottom Line: Avoid BioxTrade.com
BioxTrade.com is an Advance Fee Scam. It uses deepfake videos and fake promo codes to trick people into depositing money. The Bitcoin balances are fake. You cannot withdraw anything. The people running it stay anonymous. Stay away from this website and warn others before they get scammed.
