BinaryX (BNX) Token Swap to Four (FORM) Scam

One of the latest cryptocurrency-related threats is a deceptive scam that impersonates the official BinaryX (BNX) to Four (FORM) token swap platform. This phishing scam uses a fake website to lure users into connecting their crypto wallets. Once access is granted, a drainer script is triggered to steal all available cryptocurrency assets from the victim’s wallet.

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Threat Overview

Cybercriminals have taken advantage of BinaryX’s legitimate rebranding into Four by creating a fraudulent website, binaryxe[.]org, that mimics the real swap platform. This is a highly dangerous form of social engineering, where victims are convinced to initiate a wallet connection for a fake token migration, resulting in immediate asset loss.

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Threat Summary

Attribute	Details
Threat Type	Scam, Social Engineering, Fraud
Disguise	Legitimate platform for swapping BNX to FORM
Related Domain	binaryxe[.]org
Detection Names	CRDF (Malicious), G-Data (Phishing), SOCRadar (Phishing)
Symptoms of Infection	Unofficial domain, lack of verification, suspicious prompts
Damage	Cryptocurrency theft
Distribution Methods	Fake social media posts, rogue ads, email phishing, shady websites
Danger Level	High
Removal Tool	SpyHunter

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In-Depth Analysis

How Did I Get Infected?

Victims are typically drawn into this scam through one of the following channels:

• Fake Social Media Posts: Fraudulent posts from impersonated BinaryX accounts promote the fake website.
• Deceptive Ads: Malicious ads on lesser-known crypto blogs or news sites redirect users to the scam.
• Spoofed Websites: Sites created to look like legitimate crypto services guide users to the fake swap page.
• Email Phishing: Users may receive emails announcing a token migration and urging immediate action.

What Does It Do?

Once a user connects their cryptocurrency wallet to the spoofed platform, a drainer script is silently executed. This script transfers funds from the user’s wallet to the attacker’s wallet address without any further confirmation, leaving the victim with a zero balance and no possibility of reversing the transaction.

Should You Be Worried for Your System?

Yes. While the immediate goal is crypto theft, these scams often have secondary consequences:

• Malware Payloads: Additional payloads may be dropped into your system if you interact with malicious scripts.
• Identity Theft: Wallet connection details, browser fingerprints, and IP addresses may be logged for further phishing attempts.
• System Compromise: Exploits targeting browser vulnerabilities could also be in use.

Running a full scan with a trusted anti-malware solution such as SpyHunter is strongly recommended.

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Scam Message Example

The website mimics a real swap process and may prompt users with:

“To proceed with your BNX to FORM token swap, please connect your wallet.”

This seemingly innocent request is a trap—designed to activate a drainer that immediately compromises the wallet.

Dealign with Crypto Scams – Method 1: Manual Removal Guide

Follow these steps to manually remove crypto scams and protect your system.

Step 1: Identify the Crypto Scam Source

• Check if you’ve been contacted by a scammer through email, Telegram, Discord, WhatsApp, or social media.
• Identify any malicious software installed on your system, such as fake wallet apps or browser extensions.
• Scan your browser history and emails for phishing links.

Step 2: Report and Freeze Crypto Transactions (If Possible)

• Contact your crypto exchange immediately if you suspect fraud.
• Check if your transaction is pending (some blockchains allow canceling or replacing a transaction).
• Report the scam to authorities such as:
  • FBI Internet Crime Complaint Center (IC3)
  • U.S. Securities and Exchange Commission (SEC)
  • Federal Trade Commission (FTC)

Step 3: Remove Malicious Software and Fake Wallet Apps

1. Windows Users:
   • Open Control Panel > Programs and Features
   • Look for unknown apps related to crypto wallets or trading bots.
   • Click Uninstall.
2. Mac Users:
   • Open Finder > Applications
   • Locate suspicious apps and drag them to the Trash.
3. On Mobile (Android & iOS):
   • Go to Settings > Apps (Android) or General > iPhone Storage (iOS).
   • Uninstall any unrecognized crypto wallet apps.

Step 4: Clear Browser Data and Remove Malicious Extensions

1. Google Chrome:
   • Go to chrome://extensions/
   • Remove unfamiliar or suspicious extensions.
2. Firefox, Edge, Safari:
   • Open settings and remove unauthorized extensions.
3. Clear Cache & Cookies:
   • Open browser settings → Privacy → Clear browsing data

Step 5: Reset Passwords & Enable Two-Factor Authentication (2FA)

• Change passwords for your crypto exchanges, wallets, and emails.
• Use a strong, unique password for each account.
• Enable 2FA on all critical accounts (Google Authenticator or YubiKey recommended).

Step 6: Scan for Malware and Keyloggers

Even if you removed software manually, some malware can still lurk in your system. Use a security tool to perform a deep scan (see SpyHunter method below for an automatic removal process).

Step 7: Monitor Your Accounts & Funds

• Track your crypto wallet transactions using Etherscan or Blockchain Explorer.
• Keep an eye on email login alerts from suspicious locations.
• Use a hardware wallet (Ledger, Trezor) for better security.

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Method 2: Automatic Removal Using SpyHunter

For a fast and reliable way to remove crypto scam-related malware, use SpyHunter.

Step 1: Download SpyHunter

Step 2: Install SpyHunter

1. Run the SpyHunter setup file.
2. Follow the on-screen installation steps.
3. Open SpyHunter once installed.

Step 3: Perform a Full System Scan

1. Click on "Start Scan Now" to analyze your system.
2. Wait for the scan to detect crypto scam malware, spyware, keyloggers, and phishing trojans.

Step 4: Remove Threats Automatically

1. Click "Fix Threats" after the scan completes.
2. SpyHunter will eliminate malware, fake apps, and browser hijackers.

Step 5: Protect Your System from Future Crypto Scams

• Enable SpyHunter's Real-Time Protection to block phishing sites and prevent future infections.
• Regularly scan your system for new threats.

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Prevention Tips: How to Avoid Crypto Scams in the Future

• Always verify website URLs before logging into exchanges or wallets.
• Avoid unsolicited investment offers on Telegram, Discord, and email.
• Never share your private keys or recovery phrases with anyone.
• Use a hardware wallet instead of online wallets.
• Regularly update your antivirus and anti-malware software.
• Be skeptical of high-return crypto investment schemes.

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Conclusion

The BinaryX (BNX) to Four (FORM) token swap scam is a clever yet dangerous ploy that leverages real-world crypto events to steal funds from unsuspecting users. Always verify token swap announcements through official project channels. If you’ve interacted with binaryxe[.]org or suspect your system may have been compromised, use SpyHunter to perform a deep scan and protect your data.