We Investigated Dexyup: Legit or Scam? The Facts

Recently, Dexyup.com website appeared, promoting itself as a place to store cryptocurrency and other assets securely. I managed to gather credible proof that unmistakably indicates it is, in fact, a scam service.

Despite what Dexyup site says, they will never refund your funds. Regardless of the numbers displayed in the “member area”, there is absolutely no means to withdraw even a coin. All pledges regarding crypto bonuses are empty as well.

It is better to prevent, than repair and repent!

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Dexyup Scam Overview

The primary feature that Dexyup attempts to provide is a protected and convenient cryptocurrency wallet service. The site pledges exchange solutions, tools for handling wallets, transfers, dashboards, and similar stuff. In reality, 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 needed to deceive the cautious.

Dexyup Scam

To begin with, Dexyup reproduces the appearance of multiple equivalent pages. There are quite a few examples, like Cryptoxet, Elonbitex or Fezorex. They are totally indistinguishable in terms of visual elements, with slight discrepancies in the webpage header. Other details, and sometimes even crypto wallet addresses, are identical. Most likely, all these scam sites are led by a single group of fraudsters.

Cryptocurrency Scam Summary

How the Dexyup Scam Works?

Dexyup is yet another online platform within a extensive network of associated crypto fraudulent platforms. The operators employ diverse brand identities and sites, like Dexyup.com, to capture victims. Nonetheless, these false websites have in common identical designs, terms of service, and About information. This reveals their origins as components of the same criminal network, which promotes the identical type of deception under various covers. The fraudsters merely duplicate the equal fraudulent site under various names to deceive users into assuming they are joining a new platform. However, in reality, it’s the same system of swindlers orchestrating the fraudulent pledges and attempts to grab deposited money. The managers shrewdly employ psychological maneuvers and enticing offers to execute their deceitful schemes.

Step 1: Spreading

To start the scam, criminals establish and fill accounts on popular social media platforms. They mainly aim at Facebook, Instagram, Twitter, and TikTok. Subsequently, the marketing campaign starts. Utilizing bots and sponsored promotions (when achievable), scam actors intensify the visibility of their fraudulent activities to possible victims. This tactic enables them to create a wide net and engage with their aimed audience. The latter usually consists of cryptocurrency enthusiasts seeking prospects to generate profits.

Users obtain an incentive to register, attracted by the commitment of receiving crypto rewards valued at thousands of dollars, all without cost. To enhance the appeal of the offer, fake claims of cooperation with a celebrity are incorporated. As you may guess, these assertions are entirely baseless.

Step 2: Gaining Traffic

Individuals who demonstrate interest visit Dexyup.com via links included in ads or bot-generated posts. The webpage employs captivating visuals, design features that appear genuine, and claims of possessing a valid license, all designed to project an initial impression of reliability.

Step 3: Data Gathering

To redeem their prizes, users are required to actively set up an profile on Dexyup and get instructions to provide sensitive and personal information during the sign-up process. This includes linking their cryptocurrency wallets, revealing email addresses, giving phone numbers, sending in identification papers, and the like.

Step 4: Requesting funds

Once enrolled, users witness substantial amounts of cryptocurrency, valued at hundreds of dollars, within their Dexyup wallets. Nonetheless, as is standard with such bonuses, you can’t withdraw them prior to making a deposit. Typically, a funds transfer of $100 is required to withdraw the sign-up bonus. This prerequisite serves as the snare that eventually leads to the money loss.

Step 5: Disappear

The point in time the payment is submitted, the fraudsters terminate all communication. They proceed to restrict users, delete accounts, and vanish with both the submitted money and critical individual data. The fictitious rewards persist perpetually uncredited, as they lack real existence. They operate solely as a deceptive ploy. This technique forms the foundation for the deceivers’ ability to trick victims and misappropriate hard-earned money through their deceptive web crypto fraud.

Signs of Scam

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

• Absent company details. Dexyup 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 Dexyup 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 Dexyup, 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 Dexyup is a definite scam.

What Should I do as a Victim?

If you had to deal with Dexyup 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 to Authorities. Your initial action should involve reporting the scam to local authorities responsible for addressing financial fraud. Additionally, reach out to wallet providers and engage with the technical support teams of social networks. This collective effort raises the bar for the scammers’ operations.
• Inform Your Inner Circle. Extend your impact by sharing information about the scam with your close friends. Similar to notifying authorities, this dissemination of details curbs the scammers’ potential to deceive.
• Document the Trail. Assemble a comprehensive record by capturing screenshots and archiving all relevant website-related data. This encompasses the website URL, screenshots of the main page, login interface, end-user license agreement (EULA), account top-up menu, and wallet addresses. These materials offer invaluable leads for authorities in their pursuit of the scammers.
• Explore Refund Possibilities. While cryptocurrency payments may not typically align with traditional bank refund policies, it’s worthwhile to explore potential refund avenues under specific circumstances. Maintain a positive outlook until you secure confirmation of the loss.
• Transform Loss into Insight. Shift your focus from the financial loss to gaining wisdom. Consider your loss as an investment in comprehending the tactics employed by crypto scam sites. Familiarize yourself with their distinctive traits, the methods they employ to entice individuals, and the extravagant pledges they make. This knowledge equips you to recognize and avoid future traps, minimizing the risk of enduring further financial setbacks.

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 course of the fraud, fraudsters may contact you with particular 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 rascals have no intention of giving back your capital. So, what do these emails and browser extensions represent? You guessed it right – that is another side of the deceptive plan designed to throw you into deliberately running destructive applications onto your system.

Both extensions and files included to email messages can act as a shell for diverse malicious software. In this case, I expect the presence of spyware and stealers among all types of malicious programs. While it is not obligatory for scammers to distribute malware, the likelihood is always greater than zero. As stated, their ethics is of little concern, and their dignity is already deeply compromised. They have no principles to give up and intend 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:

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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.

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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 Dexyup

Name: Dexyup

Description: Cryptocurrency scams continue to increase as digital assets achieve mainstream adoption. A recent example of such a scam involves Dexyup, a fraudulent crypto exchange that entices victims with promises of free crypto giveaways. This detailed article will extensively examine the operations of the Dexyup 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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