The Defydex Scam – Don’t Become the Next Victim

Recently, Defydex.com service surfaced, promoting itself as a platform where you can safely keep cryptocurrency and other assets. I managed to gather reliable supporting information that unmistakably indicates it is, in fact, a deceptive site.

Despite what Defydex site states, they won’t give back your funds. Even though the figures displayed in the “member area”, there is no way to retrieve even a single penny. All promises regarding crypto incentives are hollow as well.

It is better to prevent, than repair and repent!

When we talk about the intrusion of unfamiliar programs into your computer’s work, the proverb “Forewarned is forearmed” describes the situation as accurately as possible. Gridinsoft Anti-Malware is exactly the tool that is always useful to have in your armory: fast, efficient, up-to-date. It is appropriate to use it as an emergency help at the slightest suspicion of infection.

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Defydex Scam Overview

The primary feature that Defydex aims to provide is a protected and convenient cryptocurrency wallet service. The website promises crypto exchange solutions, tools for controlling wallets, transfers, dashboards, and similar functions. In truth, they endeavor to emulate the functionality of a crypto marketplace, like Binance or Coinbase. However, it in actuality only serves as a shell intended to mislead the cautious.

Defydex Scam

To begin with, Defydex reproduces the layout of many similar pages. There are quite a few examples, like Deolex, Elonvox or Koyrex. They are entirely identical in terms of visual elements, with small discrepancies in the website header. Other specific elements, and at times even crypto wallet addresses, are matching. Presumably, all these fraudulent online platforms are operated by the same group of swindrels.

Cryptocurrency Scam Summary

How the Defydex Scam Works?

Defydex is yet another webpage within a vast network of associated crypto deceptive sites. The administrators employ diverse brand names and websites, like Defydex.com, to ensnare victims. Nevertheless, these deceptive sites have in common matching designs, terms of service, and About content. This exposes their origins as a part of the equal fraudulent network, which endorses the identical form of scam under diverse disguises. The scammers merely replicate the same fraudulent website under diverse names to fool users into believing they are joining a new opportunity. However, in reality, it’s the equal system of fraudsters orchestrating the deceptive pledges and undertakings to grab deposited funds. The operators skillfully utilize psychological maneuvers and enticing propositions to carry out their deceitful plots.

Step 1: Spreading

To begin the deceptive scheme, criminals create and fill accounts on popular social media platforms. They mainly aim at Facebook, Instagram, Twitter, and TikTok. Subsequently, the promotional campaign starts. Employing bots and paid ads (when achievable), scam actors boost the exposure of their deceptive activities to possible victims. This approach enables them to cast an extensive net and interact with their aimed spectators. The audience commonly consists of cryptocurrency fans searching for prospects to make profits.

Users get a stimulus to enroll, drawn by the assurance of getting crypto benefits valued at thousands of dollars, all without cost. To augment the attractiveness of the offer, false claims of sponsorship by a celebrity are incorporated. As you may guess, these claims are completely baseless.

Step 2: Gaining Traffic

People who show interest check out Defydex.com via links included in promotions or robotic posts. The webpage employs captivating visuals, design elements that appear legitimate, and assertions of having a valid license, all aimed to project an initial impression of reliability.

Step 3: Data Gathering

To redeem their benefits, users are required to proactively sign up on Defydex and get prompts to submit sensitive and personal data during the sign-up process. This includes linking their cryptocurrency wallets, sharing email addresses, specifying phone numbers, furnishing identification papers, and the like.

Step 4: Requesting funds

Once registered, users witness considerable amounts of cryptocurrency, valued at thousands of dollars, within their Defydex wallets. Nonetheless, as is common with such rewards, you are unable to withdraw them before topping up your account. Typically, a funds transfer of $100 is asked to withdraw the sign-up bonus. This condition serves as the snare that eventually results to the money loss.

Step 5: Disappear

The instant the deposit is submitted, the deceivers cease all interaction. They go ahead to block users, remove accounts, and disappear with both the submitted capital and vital individual data. The fabricated rewards remain perpetually uncredited, as they lack actual existence. They operate solely as a phishing strategy. This method forms the foundation for the deceivers’ capacity to trick victims and steal hard-earned earnings through their double-dealing online crypto scam.

Signs of Scam

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

• Cryptocurrency-Only Transactions. Defydex.com insists on cryptocurrency payments exclusively, excluding conventional methods like bank transfers. This strategy ensures anonymity for the scam and eliminates any possibility of seeking refunds.
• Dubious Company Credentials. Defydex arouses suspicion by failing to provide critical information about ownership, location, and legal registration. The lack of valid contact details and the recent creation of domain and social media profiles cast doubt on its legitimacy.
• Baseless Hype Generation. Defydex resorts to fabricating non-existent achievements, such as contracts with Coinbase or endorsements from Elon Musk, to manipulate emotions and enhance the perception of potential returns, enticing victims to invest more.
• Fictitious Celebrity Association. Defydex employs a deceptive tactic by falsely associating itself with well-known figures like Elon Musk, Jeff Bezos, Mr. Beast, and Mark Zuckerberg. Additionally, the scam falsely claims partnerships with established entities like Coinbase, Binance, or MetaMask to bolster its false credibility.
• Potential Ponzi-Like Model. The scam operates on a pyramid-style referral system disseminated through social media, benefiting only initial participants and relying on later investments to sustain the illusion.
• Unrealistic Profit Promises. Promising improbable returns of 50-100-200%, Defydex capitalizes on the desire for high profits. However, the tumultuous nature of the cryptocurrency market renders such gains implausible, solidifying Defydex.com as a definite scam.

What Should I do as a Victim?

If you had to deal with Defydex 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 timeline of the fraud, its masters may contact you with specific documents. Alternatively, they may offer you to deploy “cryptocurrency wallet applications” or “browser extensions” to streamline access to your cryptocurrency savings. As we earlier figured out, these deceivers have no intention of restoring your funds. So, what can these messages and browser add-ons represent? You guessed – that is another side of the deceptive plan designed to entice you into willingly installing malicious software onto your device.

Both add-ons and attachments added to email messages can function as a shell for diverse malware. In this scenario, I anticipate the presence of spyware and stealers among all types of threats. While it is not mandatory for scammers to distribute malware, the chance is always above zero. As previously mentioned, their morality is of no concern, and their reputation is already seriously marred. They have no scruples to give up and strive 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

The truth about Defydex

Name: Defydex

Description: Cryptocurrency scams continue to increase as digital assets achieve mainstream adoption. A recent example of such a scam involves Defydex, a fraudulent crypto exchange that entices victims with promises of free crypto giveaways. This detailed article will extensively examine the operations of the Defydex scam, techniques for recognizing it, and, most crucially, ways to evade becoming a victim.

Operating System: All

Application Category: Crypto Scams

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