Investigating Deramex: Legit or Scam? The Truth Exposed

Recently, Deramex.com site appeared, promoting itself as a place where you can securely store cryptocurrency and other assets. I managed to gather credible supporting information that unmistakably indicates it is, in truth, a scam site.

Despite what Deramex site says, they won’t ever return your funds. Regardless of the money displayed in the “member area”, there is zero means to take out even a coin. All commitments regarding crypto bonuses are hollow as well.

Deramex Scam Overview

The key offering that Deramex aims to provide is a protected and user-friendly cryptocurrency wallet service. The website promises crypto exchange solutions, tools for handling wallets, transfers, dashboards, and the like. In truth, they try to emulate the functionality of a crypto exchange, like Binance or Coinbase. However, it in fact only serves as a cover needed to fool the cautious.

Deramex Scam

First and foremost, Deramex reproduces the appearance of many equivalent pages. There are quite a few examples, like Damblex, Saveurcoins or Santabit. They are totally undistinguishable in terms of visual elements, with slight discrepancies in the website header. Other details, and at times even crypto wallet addresses, are the same. Probably, all these deceptive websites are managed by the same gang of scammers.

Cryptocurrency Scam Summary

How the Deramex Scam Works?

Deramex is yet another online platform within a vast network of associated crypto deceptive webpages. The administrators employ different brand titles and sites, like Deramex.com, to trap victims. Nonetheless, these deceptive sites share matching designs, terms of service, and About Us information. This reveals their sources as parts of the same fraudulent network, which advocates the same form of scam under various disguises. The scammers just duplicate the same deceptive website under different names to fool users into assuming they are joining a new opportunity. However, in actuality, it’s the identical system of scammers orchestrating the misleading commitments and undertakings to take deposited funds. The managers skillfully employ psychological maneuvers and captivating offers to carry out their unscrupulous schemes.

Step 1: Spreading

To begin the fraud, criminals establish and fill accounts on popular social media platforms. They primarily target Facebook, Instagram, Twitter, and TikTok. Subsequently, the marketing campaign begins. Using bots and paid ads (when possible), fraud actors intensify the visibility of their deceptive activities to possible victims. This strategy permits them to create a broad net and engage with their focused spectators. The latter typically consists of cryptocurrency fans looking for prospects to make profits.

Users receive an incentive to sign up, enticed by the commitment of obtaining crypto prizes valued at thousands of dollars, all without cost. To increase the appeal of the offer, false suggestions of sponsorship by a celebrity are added. As you may guess, these assertions are entirely baseless.

Step 2: Gaining Traffic

Users who show interest go to Deramex.com via links present in advertisements or bot-generated posts. The site uses captivating visuals, design features that appear authentic, and assertions of having a valid license, all aimed to project an initial image of reliability.

Step 3: Data Gathering

To redeem their benefits, users are required to actively create an profile on Deramex and get prompts to submit sensitive and private information throughout the sign-up procedure. This includes linking their cryptocurrency wallets, sharing email addresses, specifying phone numbers, furnishing identification papers, and more.

Step 4: Requesting funds

Once registered, users observe significant amounts of cryptocurrency, valued at hundreds of dollars, within their Deramex wallets. However, as it usually happens with such rewards, you cannot withdraw them prior to topping up your account. Normally, a payment of $100 is asked to access the sign-up bonus. This condition serves as the trap that eventually culminates to the money loss.

Step 5: Disappear

The moment the deposit is sent, the fraudsters terminate all contact. They go ahead to bar users, erase accounts, and vanish with both the transferred funds and critical private information. The fabricated rewards remain perpetually uncredited, as they lack actual existence. They operate purely as a phishing strategy. This approach forms the foundation for the fraudsters’ capability to deceive victims and embezzle hard-earned money through their double-dealing internet-based crypto scheme.

Signs of Scam

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

• Absent company details. Deramex does not provide any documentation about its ownership, location or registration. No legitimate contact details are given either. Moreover, it appears that the domain and all social network pages were registered quite recently.
• Fake sponsorship from a celebrity. Scams like Deramex like to pick a celebrity as a sponsor of this entire campaign. For obvious reasons, fraudsters generally choose Elon Musk, Jeff Bezos, Mr. Beast, Mark Zuckerberg, and similar celebrities. They do not disdain claiming partnership with a company as well. Even though Coinbase, Binance or MetaMask never heard of Deramex, they do not care – this creates a halo of credibility.
• Potential Ponzi Scheme. The scam relies on a Ponzi-like referral system to spread reach through social media. In fact, only the first members will receive the payoff, at the cost of the money brought by other members.
• Hype without facts. Frauds can cheer up their victims from time to time, using claims about non-existent events. “We got contracts with Coinbase”, “Elon Musk mentioned us as the most prolific crypto project” – you could likely hear something like that. This is made to make people believe in their money return. This can be the sauce to make people top-up their accounts once again.
• Crypto-only incoming payments. Whether the user tries to top-up the account, hackers will only accept payments in crypto – no bank transfers or other payment methods. Such an approach completely hides the identity of the company and deprives you of the ability to ask for a refund.
• Claims are too good to be true. Let’s be sane and sober: even in crypto space, there are not many places where you can earn 50-100-200%. Being able to participate in all of them is nearly impossible, as well as it is impossible to insure or hedge all the risks. Even by that reason alone I can tell that the Deramex is a definite scam.

What Should I do as a Victim?

If you had to deal with Deramex 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 scam, its actors may contact you with specific files. Alternatively, they may propose you to set up “cryptocurrency wallet applications” or “browser extensions” to facilitate access to your crypto assets. As we earlier determined, these scoundrels have no intention of giving back your money. So, what do these messages and browser plugins represent? Correct – this is another component of the fraudulent scheme designed to throw you into deliberately installing harmful programs onto your computer.

Both extensions and files included to emails can act as a carrier for different malicious code. In this case, I anticipate the presence of spyware and stealers among other types of threats. While it is not mandatory for scammers to distribute malware, the chance is always existent. As noted, their conscience is of negligible importance, and their reputation is already neck deep in mud. They have no principles to give up and intend to boost revenues.

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