We Investigated Desanez: Legit or Scam? The Facts

Recently, Desanez.com service popped up, promoting itself as a platform to keep cryptocurrency and other assets safely. I managed to gather credible evidence that clearly indicates it is, in fact, a fraudulent service.

Despite what Desanez site states, they won’t return your capital. Regardless of the money displayed in the “member area”, there is no means to retrieve even a single cent. All pledges regarding crypto rewards are empty as well.

Desanez Scam Overview

The key offering that Desanez attempts to provide is a protected and user-friendly cryptocurrency wallet service. The website pledges crypto exchange services, tools for controlling wallets, transfers, dashboards, and similar stuff. In fact, they try to emulate the functionality of a crypto trading platform, akin to Binance or Coinbase. However, it in fact only serves as a shell intended to mislead the cautious.

Desanez Scam

To begin with, Desanez imitates the layout of numerous similar online platforms. There are quite a few examples, like Coinyrex, Chainwize or Buffxcoin. They are completely undistinguishable in terms of visual elements, with slight discrepancies in the site header. Other particulars, and at times even crypto wallet addresses, are identical. Most likely, all these scam websites are operated by the same group of frauds.

Cryptocurrency Scam Summary

How the Desanez Scam Works?

Desanez is yet another online platform within a wide-ranging network of associated crypto fraudulent webpages. The managers employ diverse brand names and sites, like Desanez.com, to capture victims. However, these false sites possess matching website designs, terms of service, and About information. This unveils their sources as a part of the identical scam network, which promotes the identical mode of fraud under diverse appearances. The fraudsters merely replicate the identical deceptive website under diverse names to mislead users into assuming they are enrolling a new opportunity. However, in reality, it’s the identical group of scammers orchestrating the deceptive commitments and efforts to take deposited funds. The operators shrewdly employ psychological maneuvers and enticing propositions to implement their unscrupulous plots.

Step 1: Spreading

To start the fraud, criminals create and fill accounts on well-liked social media platforms. They generally target Facebook, Instagram, Twitter, and TikTok. Subsequently, the marketing campaign starts. Utilizing bots and paid promotions (when feasible), fraud actors boost the presence of their fraudulent activities to potential victims. This tactic permits them to cast a broad net and interact with their aimed viewers. The latter usually consists of cryptocurrency enthusiastic individuals looking for chances to make profits.

Step 2: Gaining Traffic

Individuals who demonstrate interest check out Desanez.com via links featured in ads or bot-generated posts. The site uses captivating visuals, design features that appear authentic, and assertions of holding a legitimate license, all intended to present an initial perception of credibility.

Step 3: Data Gathering

To claim their prizes, users need to actively set up an account on Desanez and get prompts to provide sensitive and private data throughout the sign-up procedure. This includes linking their cryptocurrency wallets, providing email addresses, specifying phone numbers, sending in identification papers, and more.

Step 4: Requesting funds

Once enrolled, users witness significant amounts of cryptocurrency, valued at hundreds of dollars, within their Desanez wallets. However, as is typical with such bonuses, you can’t withdraw them before making a deposit. Typically, a payment of $100 is required to get the sign-up bonus. This prerequisite serves as the snare that ultimately leads to the money loss.

Step 5: Disappear

Signs of Scam

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

• Unsubstantiated Credibility. Desanez employs fraudulent celebrity endorsements, often featuring names like Elon Musk, Jeff Bezos, Mr. Beast, and Mark Zuckerberg. These false claims extend to fictitious partnerships with reputable entities like Coinbase, Binance, or MetaMask, despite the absence of genuine connections.
• Implausible Earnings Claims. Promising remarkable returns of 50-100-200%, Desanez exploits the longing for quick profits. However, such gains are unrealistic within the volatile cryptocurrency landscape, unequivocally identifying Desanez as a scam.
• Dubious Corporate Information. Desanez arouses suspicion by providing inadequate documentation about ownership, location, and registration. Furthermore, the lack of legitimate contact information and the recent registration of domain and social media profiles deepen skepticism.
• Exclusive Cryptocurrency Payments. Desanez.com solely accepts payments in cryptocurrencies, refraining from traditional bank transfers and other payment methods. This approach not only shrouds the company’s identity but also prevents the possibility of requesting refunds.
• Potential Pyramid Scheme. The scam relies on a Ponzi-like referral structure disseminated through social media. Nevertheless, only initial participants profit, often at the expense of funds brought in by subsequent members.
• Groundless Hype Tactics. Desanez utilizes fabricated claims about non-existent events, such as securing contracts with Coinbase or receiving endorsements from Elon Musk. This manipulative strategy aims to foster belief in money returns and encourages individuals to top up their accounts again.

What Should I do as a Victim?

If you had to deal with Desanez 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, fraudsters may reach out to you with particular documents. Alternatively, they may offer you to install “cryptocurrency wallet applications” or “browser extensions” to simplify access to your crypto assets. As we earlier figured out, these scoundrels have no plan of returning your funds. So, what can these email messages and browser add-ons represent? Correct – this is another side of the scam designed to throw you into willingly installing destructive applications onto your system.

Both plugins and files added to emails can act as a carrier for different malware. In this situation, I anticipate the presence of spyware and stealers among all kinds of malicious programs. While it is not mandatory for scammers to distribute malware, the likelihood is always above zero. As previously mentioned, their conscience is of no concern, and their reputation is already seriously marred. They have no principles to give up and intend to maximize profits.

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