Is Logoxcoin Crypto Exchange A Scam Or Legit? (Detailed Review)

What Is The Nature Or Purpose Of Logoxcoin?

Logoxcoin is a fraudulent cryptocurrency exchange that poses as a legitimate trading platform. Despite its claims, the website lacks essential information such as ownership, registration, or regulation details. Contact information is also absent, except for a possibly automated chat box.

The site’s main allure is a giveaway allegedly sponsored by Elon Musk, promising $12,000 in the Altbitc wallet to users who sign up with a referral code. However, this money is fictitious and cannot be withdrawn unless the user deposits $100 of their own funds. Logoxcoin exploits the reputation of Elon Musk and social media platforms to deceive individuals into providing their money under false pretenses.

How does the Logoxcoin scam operate?

The Logoxcoin scam preys on individuals who are eager to profit from cryptocurrencies and are enticed by the promise of easy money. Exploiting popular social media platforms, particularly among inexperienced users, the scammers deploy fake accounts, bots, and manipulated testimonials to establish a pretense of credibility.

Once users click the provided link and create an account using the referral code, they are shown $12,000 in their Altbitc wallet, falsely attributed to Elon Musk. However, this money holds no real value, being unbacked by any cryptocurrency or fiat currency. Requesting users to link their actual wallets poses a significant risk, as they unknowingly expose their private keys and personal data to the scammers.

To access their purported $12,000, users are required to deposit $100. However, upon depositing the funds, they find themselves unable to withdraw or access their money. The scammers may block or delete the user’s account, or merely ignore withdrawal requests and support inquiries. In the end, users lose their money and potentially compromise the security of their wallets. Vigilance and skepticism are essential to avoid falling victim to such deceptive schemes.

Steps to take if fallen prey to the Logoxcoin scam:

If you have used Logoxcoin, it is important to take immediate action to protect yourself:

1. Contact your bank or financial institution: Reach out to your bank or financial institution as soon as possible. Inform them about the transaction made on Logoxcoin and request them to cancel the payment and initiate a refund. It is essential to report the website as a fraudulent site to ensure they are aware of the situation. Additionally, ask them to block any future charges from Logoxcoin to prevent further unauthorized transactions.
2. Beware of phishing emails: Be cautious of any emails you receive claiming to be from Logoxcoin or related to your order, such as offering discounts or refunds. These emails are often phishing attempts that aim to deceive you into clicking on harmful links or downloading attachments that can infect your device with malware or compromise your personal information. It is important to delete these emails and avoid opening any links or attachments from them to protect yourself from potential cyber threats.
3. Change your passwords: If you have created an account on Logoxcoin or used the same password for other accounts, it is crucial to change your passwords promptly. Select strong, unique passwords for each account and consider enabling two-factor authentication whenever possible. By doing so, you can add an extra layer of security to prevent hackers from accessing your accounts and stealing your personal information.
4. Use a browser-based content blocker: Consider using a browser-based content blocker, such as AdGuard, to enhance your online security. Content blockers help prevent malicious ads, Trojans, phishing attempts, and other undesirable content that may not be blocked by antivirus software alone. By utilizing such tools, you can mitigate the risk of encountering harmful content while surfing the web.
5. Scan your device for malware: If you suspect that your device may have been infected with malware as a result of your interaction with Logoxcoin, it is advisable to run a thorough scan using reputable security software like SpyHunter 5. This will help detect and remove Logoxcoin infection or any malicious file that may have been downloaded onto your system, ensuring the safety of your device and personal data.

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Do make sure to read SpyHunter’s EULA and Privacy Policy. Spyhunter free scanner downloaded just scans and detect present threats from computers and can remove them as well once, however it requires you to wait for next 48 hours. If you intend to remove detected threats instantly, then you will have to buy its licenses version that will activate the software fully. 

By following these steps, you can mitigate the potential risks and protect yourself from further harm after using Logoxcoin. Stay vigilant, prioritize your online security, and report any suspicious activities to the appropriate authorities or organizations.

Threat Summary

Name: Logoxcoin

Category: Scam

Features: Aims to deceive users into providing their personal and sensitive information like credit card details, address, phone number, and social security number.

Danger Level: Medium

Damage: Victims may have severe consequences, such as identity theft, fraud, and other malicious activities.

Symptoms: The unwanted application can cause several adverse effects, such as displaying intrusive pop-up ads and slowing down internet browsing. The threat can manipulate the settings of an internet browser. This manipulation forces users to visit the hijacker’s website and conduct internet searches using their search engine.

Distribution: Browser hijackers or adware such as Logoxcoin can spread through deceptive pop-up ads, free software installers that are bundled with malware, and fake Flash Player installers.

Removal: To remove the threat, scan your system with powerful SpyHunter anti-malware software

What is the purpose of Logoxcoin?

The purpose of adware or browser hijacker is to generate revenue through targeted advertising. It collects user data, such as browsing habits and preferences, to deliver personalized ads. By bombarding users with ads, the unwanted program aims to increase the chances of users clicking on them, leading to potential revenue for its developers.

While adware is primarily an annoyance and can compromise user privacy, it is often a means for companies to monetize free software and services without directly charging users. The primary objective of a browser hijacker is to promote certain websites, generate traffic, and potentially earn revenue through advertising or other means by exploiting the user’s browsing experience without their consent.

How does PUP end up on users’ devices?

Devices can fall victim to browser hijackers or adware through the download of infected files, malevolent email attachments, or visits to compromised websites. These hijacking tools may be bundled within browser extensions or included as part of software packages. Additionally, browser based threats can stem from shareware, freeware, or spyware infections, further expanding their potential sources of origin.

Potentially unwanted programs like Logoxcoin often find their way onto users’ devices unintentionally, as users can be deceived into unknowingly downloading them. This can occur when users agree to an extra download mentioned in the terms and conditions of software installation. Another tactic involves misleading users with a choice to decline the installation of the browser hijacker software, but the wording deliberately confuses them, resulting in the inadvertent download. Once installed, PUP initiates its malicious actions by manipulating the user’s browser activities through embedded malevolent code.

What are the impacts of Logoxcoin infection?

Browser hijacking refers to the unauthorized modification of web browser’s settings or behavior by malicious software or websites.  It can have various impacts on users and their browsing experience. Here are some common impacts of browser hijacking:

1. Altered homepage and search engine: Hijackers often change the default homepage and search engine settings of a browser to redirect users to a different website. This can disrupt the user’s browsing routine and make it challenging to find the desired information.
2. Unwanted browser extensions: Browser hijackers or adware may install malicious or unwanted browser extensions without the user’s consent. These extensions can inject ads, track browsing activities, or collect personal information, compromising primacy and security.
3. Increased exposure to ads: Hijacked browsers often display an excessive number of pop-up ads, banners ads, or in-text ads. This flood of advertisements not only annoys users but can also slow down browsing speed and consume bandwidth.
4. Tracking and data collection: Browser-based infections like Logoxcoin employ tracking mechanisms to monitor users’ online activities, including websites visited, search queries, and personal information entered on web forms. This information can be used for targeted advertising or sold to third-parties without the user’s consent.

What problems Logoxcoin can cause?

This undesirable application can cause instability in web browsers by modifying critical settings, introducing incompatible software, or consuming system resources. Users may experience frequent crashes, slow performance, or unresponsiveness while browsing. In more severe cases, browsing hijacking can lead to unauthorized access to online accounts. PUPs may attempt to steal login credentials, financial information, or other sensitive data, putting users at risk of identity theft or fraud.

Furthermore, browser hijacking can be a part of a larger malware infection. In such cases, adware or hijacker may serve as a gateway for other malicious software, such as ransomware, keyloggers, or spyware, further compromising the user’s system and data. Also, browser-based threats with data collection abilities can cause severe problems. They can gather sensitive information such as login credentials, financial data, and personal details, leading to identity theft and fraud. The collected data may also be sold to third parties, compromising user privacy. Additionally, targeted advertising based on the collected information can result in a flood of intrusive and potentially malicious ads.

How can I know if I have an adware or browser hijacker?

If you have an adware or browser hijacker, such as Logoxcoin installed on your device, you may notice a few clear indications. Users need to exercise caution if they encounter any of the following signs, as it could suggest their system is compromised.

• If users find that their default homepage or preferred search engine has been substituted without their authorization, they should be on high alert.
• If users notice that their search queries are being rerouted to unfamiliar websites, it’s important for them to be cautious and aware of this redirection behavior.
• When users are bombarded with an excessive number of intrusive pop-up ads appearing frequently, they should be cautious and wary of the abundance of unsolicited advertisements.
• If users experience delays in the loading of webpages, where the content takes an unusually long time to appear, it is important for them to remain vigilant and take note of this sluggish performance.
• Should users notice the sudden appearance of unauthorized toolbars on their internet browser, it is crucial for them to exercise caution and be mindful of these unapproved additions.

Antimalware Details And User Guide

Click Here For Windows Click Here For Mac

Important Note: This malware asks you to enable the web browser notifications. So, before you go the manual removal process, execute these steps.

Google Chrome (PC)

• Go to right upper corner of the screen and click on three dots to open the Menu button
• Select “Settings”. Scroll the mouse downward to choose “Advanced” option
• Go to “Privacy and Security” section by scrolling downward and then select “Content settings” and then “Notification” option
• Find each suspicious URLs and click on three dots on the right side and choose “Block” or “Remove” option

Google Chrome (Android)

• Go to right upper corner of the screen and click on three dots to open the menu button and then click on “Settings”
• Scroll down further to click on “site settings” and then press on “notifications” option
• In the newly opened window, choose each suspicious URLs one by one
• In the permission section, select “notification” and “Off” the toggle button

Mozilla Firefox

• On the right corner of the screen, you will notice three dots which is the “Menu” button
• Select “Options” and choose “Privacy and Security” in the toolbar present in the left side of the screen
• Slowly scroll down and go to “Permission” section then choose “Settings” option next to “Notifications”
• In the newly opened window, select all the suspicious URLs. Click on the drop-down menu and select “Block”

Internet Explorer

• In the Internet Explorer window, select the Gear button present on the right corner
• Choose “Internet Options”
• Select “Privacy” tab and then “Settings” under the “Pop-up Blocker” section
• Select all the suspicious URLs one by one and click on the “Remove” option

Microsoft Edge

• Open the Microsoft Edge and click on the three dots on the right corner of the screen to open the menu
• Scroll down and select “Settings”
• Scroll down further to choose “view advanced settings”
• In the “Website Permission” option, click on “Manage” option
• Click on switch under every suspicious URL

Safari (Mac):

• On the upper right side corner, click on “Safari” and then select “Preferences”
• Go to “website” tab and then choose “Notification” section on the left pane
• Search for the suspicious URLs and choose “Deny” option for each one of them

Manual Steps to Remove Logoxcoin:

Remove the related items of Logoxcoin using Control-Panel

Windows 7 Users

Click “Start” (the windows logo at the bottom left corner of the desktop screen), select “Control Panel”. Locate the “Programs” and then followed by clicking on “Uninstall Program”

Windows XP Users

Click “Start” and then choose “Settings” and then click “Control Panel”. Search and click on “Add or Remove Program’ option

Windows 10 and 8 Users:

Go to the lower left corner of the screen and right-click. In the “Quick Access” menu, choose “Control Panel”. In the newly opened window, choose “Program and Features”

Mac OSX Users

Click on “Finder” option. Choose “Application” in the newly opened screen. In the “Application” folder, drag the app to “Trash”. Right click on the Trash icon and then click on “Empty Trash”.

In the uninstall programs window, search for the PUAs. Choose all the unwanted and suspicious entries and click on “Uninstall” or “Remove”.

After you uninstall all the potentially unwanted program causing Logoxcoin issues, scan your computer with an anti-malware tool for any remaining PUPs and PUAs or possible malware infection. To scan the PC, use the recommended the anti-malware tool.

How to Remove Adware (Logoxcoin) from Internet Browsers

Delete malicious add-ons and extensions from IE

Click on the gear icon at the top right corner of Internet Explorer. Select “Manage Add-ons”. Search for any recently installed plug-ins or add-ons and click on “Remove”.

Additional Option

If you still face issues related to Logoxcoin removal, you can reset the Internet Explorer to its default setting.

Windows XP users: Press on “Start” and click “Run”. In the newly opened window, type “inetcpl.cpl” and click on the “Advanced” tab and then press on “Reset”.

Windows Vista and Windows 7 Users: Press the Windows logo, type inetcpl.cpl in the start search box and press enter.  In the newly opened window, click on the “Advanced Tab” followed by “Reset” button.

For Windows 8 Users: Open IE and click on the “gear” icon. Choose “Internet Options”

Select the “Advanced” tab in the newly opened window

Press on “Reset” option

You have to press on the “Reset” button again to confirm that you really want to reset the IE

Remove Doubtful and Harmful Extension from Google Chrome

Go to menu of Google Chrome by pressing on three vertical dots and select on “More tools” and then “Extensions”. You can search for all the recently installed add-ons and remove all of them.

Optional Method

If the problems related to Logoxcoin still persists or you face any issue in removing, then it is advised that your reset the Google Chrome browse settings. Go to three dotted points at the top right corner and choose “Settings”. Scroll down bottom and click on “Advanced”.

At the bottom, notice the “Reset” option and click on it.

In the next opened window, confirm that you want to reset the Google Chrome settings by click on the “Reset” button.

Remove Logoxcoin plugins (including all other doubtful plug-ins) from Firefox Mozilla

Open the Firefox menu and select “Add-ons”. Click “Extensions”.  Select all the recently installed browser plug-ins.

Optional Method

If you face problems in Logoxcoin removal then you have the option to rese the settings of Mozilla Firefox.

Open the browser (Mozilla Firefox) and click on the “menu” and then click on “Help”.

Choose “Troubleshooting Information”

In the newly opened pop-up window, click “Refresh Firefox” button

The next step is to confirm that really want to reset the Mozilla Firefox settings to its default by clicking on “Refresh Firefox” button.

Remove Malicious Extension from Safari

Open the Safari and go to its “Menu” and select “Preferences”.

Click on the “Extension” and select all the recently installed “Extensions” and then click on “Uninstall”.

Optional Method

Open the “Safari” and go menu. In the drop-down menu, choose “Clear History and Website Data”.

In the newly opened window, select “All History” and then press on “Clear History” option.

Delete Logoxcoin (malicious add-ons) from Microsoft Edge

Open Microsoft Edge and go to three horizontal dot icons at the top right corner of the browser. Select all the recently installed extensions and right click on the mouse to “uninstall”

Optional Method

Open the browser (Microsoft Edge) and select “Settings”

Next steps is to click on “Choose what to clear” button

Click on “show more” and then select everything and then press on “Clear” button.

How to prevent Logoxcoin infection?

There are multiple measures to safeguard against browser hijacking or adware infection:

1. Be cautious when downloading software. Browser-based parasite, such as Logoxcoin often disguises itself as legitimate software, so carefully read all terms, conditions, and end user licensing agreements before downloading any programs.
2. Avoid running freeware programs that may unpack software during installation. Prior to installing any software, review the download settings to ensure no unwanted software is included.
3. Exercise caution when encountering suspicious links. Refrain from clicking on email links, messages, or pop-up boxes from unfamiliar senders, as they may trigger the download of browser hijackers or adware.
4. Keep your operating system (OS) and browser up to date. Regularly applying OS and browser patches is vital to prevent hijacking attacks, as attackers often exploit known vulnerabilities. Updating software closes these potential entry points.
5. Utilize antivirus software. Install reliable antivirus software and keep it updated with the latest patches. It offers protection against browser hijacking, notifying users in real-time if downloaded software attempts to modify browser settings. Certain antivirus software empowers users to block such alterations.

By following these steps, you can minimize the risk of potentially unwanted program intrusion and keep your PC system safe and secure.

Conclusion:

To sum up, Logoxcoin can cause significant problems for computer users, including unwanted browser redirects, changes to homepage and search engine settings, and even the installation of additional malware. These infections typically result from downloading and installing software from untrusted sources or clicking on suspicious links. To prevent browser hijackers or adware, it is important to be cautious when downloading and installing software, use reputable antivirus tool, and keep browsers and operating systems updated with the latest security patches.

Related FAQs about Logoxcoin

What are the Symptoms of Browser-hijacker (Logoxcoin)?

The common symptoms of Logoxcoin infection include changes to the default homepage and search engine, unwanted toolbars and extensions, pop-up ads, and redirects to unfamiliar websites. Additionally, the browser may slow down or crash frequently, and search results may be manipulated or irrelevant to the query.

What Should I do if my PC gets infected with virus like Logoxcoin?

If your computer is infected with this browser-based threat, you should immediately run a virus scan using reputable antivirus software. If the software detects the malware, you should follow the removal instructions provided by it to eliminate the infection and restore your browser settings to default.

How can I protect my password and other personal credentials from Logoxcoin?

To protect your password and other sensitive information from Logoxcoin, you should employ reputable antivirus suite, enable two-factor authentication on all accounts, and use strong and unique passwords for each account. Also, you should avoid clicking on suspicious links or downloading software from untrusted sources.

Why I should trust your research conducted on Logoxcoin?

It’s important to mention that our research is conducted independently and with the assistance of unbiased security experts, who provide us with daily updates on the latest definitions and threats related to malware, adware, and browser hijackers. Moreover, our study on the Logoxcoin threat is supported by VirusTotal.