We Investigated Pezorex: Legit or Scam? The Facts

Recently, Pezorex.com site appeared, promoting itself as a place where you can securely keep cryptocurrency and other assets. I managed to gather credible proof that unmistakably reveals it is, actually, a fraudulent platform.

Despite what Pezorex site states, they won’t give back your money. Even though the numbers displayed in the “member area”, there is zero ability to take out even a single cent. All pledges regarding crypto incentives are baseless as well.

Pezorex Scam Overview

The main service that Pezorex strives to provide is a secure and convenient crypto wallet service. The site pledges exchange facilities, tools for controlling wallets, transfers, dashboards, and similar stuff. In reality, they try to emulate the functionality of a crypto exchange, akin to Binance or Coinbase. However, it in fact only serves as a shell intended to lull the vigilance.

Pezorex Scam

Initially, Pezorex mimics the design of multiple equivalent online platforms. There are quite a few examples, like Tonscoins, Marxbit or Auroexs. They are entirely identical in terms of graphic elements, with minor discrepancies in the webpage header. Other particulars, and sometimes even crypto wallet addresses, are the same. Probably, all these deceptive websites are led by the same team of fraudsters.

Cryptocurrency Scam Summary

How the Pezorex Scam Works?

Pezorex is yet another webpage within a vast network of linked crypto fraudulent platforms. The administrators employ various brand titles and sites, like Pezorex.com, to trap victims. Nevertheless, these fraudulent websites have in common matching designs, terms of service, and About information. This reveals their origins as a part of the equal scam network, which advocates the same form of fraud under various disguises. The deceivers just copy the identical deceptive site under different names to mislead users into thinking they are participating in a new opportunity. However, in actuality, it’s the same system of scammers orchestrating the fraudulent promises and undertakings to seize deposited money. The operators skillfully employ psychological strategies and enticing offers to carry out their deceitful plots.

Step 1: Spreading

To initiate the scam, criminals establish and fill accounts on popular social media platforms. They generally aim at Facebook, Instagram, Twitter, and TikTok. Subsequently, the promotional campaign commences. Using bots and sponsored ads (when feasible), fraud actors increase the exposure of their scam activities to possible victims. This tactic permits them to create a broad net and engage with their aimed viewers. The latter commonly consists of cryptocurrency enthusiasts seeking chances to earn profits.

Users get a stimulus to register, drawn by the promise of receiving crypto rewards valued at hundreds of dollars, all free of charge. To increase the appeal of the offer, false claims of sponsorship by a celebrity are added. As you may guess, these assertions are completely baseless.

Step 2: Gaining Traffic

Users who express interest visit Pezorex.com via links featured in ads or bot-generated posts. The site utilizes captivating visuals, design elements that appear legitimate, and assertions of possessing a valid license, all designed to present an initial image of trustworthiness.

Step 3: Data Gathering

To claim their benefits, users need to actively set up an account on Pezorex and receive guidance to submit sensitive and private data throughout the enrollment process. This includes linking their cryptocurrency wallets, sharing email addresses, supplying phone numbers, sending in identification documents, and more.

Step 4: Requesting funds

Once enrolled, users notice considerable amounts of cryptocurrency, valued at hundreds of dollars, within their Pezorex wallets. However, as it usually happens with such bonuses, you cannot withdraw them prior to making a deposit. Typically, a payment of $100 is required to withdraw the sign-up bonus. This stipulation serves as the trap that eventually leads to the money loss.

Step 5: Disappear

The point in time the payment is sent, the scammers cease all interaction. They go ahead to restrict users, delete accounts, and vanish with both the submitted money and vital individual details. The phony prizes remain perpetually uncredited, as they lack genuine existence. They act solely as a phishing maneuver. This method forms the foundation for the deceivers’ capacity to mislead victims and misappropriate hard-earned money through their double-dealing online crypto scam.

Signs of Scam

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

• Unsubstantiated Credibility. Pezorex 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%, Pezorex exploits the longing for quick profits. However, such gains are unrealistic within the volatile cryptocurrency landscape, unequivocally identifying Pezorex as a scam.
• Dubious Corporate Information. Pezorex 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. Pezorex.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. Pezorex 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 Pezorex 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 course of the scam, its masters may contact you with particular documents. Alternatively, they may propose you to deploy “cryptocurrency wallet applications” or “browser extensions” to facilitate access to your cryptocurrency assets. As we earlier determined, these scoundrels have no intention of returning your capital. So, what do these messages and browser add-ons represent? You guessed it right – this is another side of the fraudulent scheme designed to entice you into willingly running malicious applications onto your computer.

Both plugins and attachments attached to emails can serve as a carrier for diverse malware. In this situation, I expect the presence of spyware and stealers among other kinds of malware. While it is not mandatory for scammers to distribute malware, the probability is always above zero. As stated, their ethics is of little concern, and their dignity is already deeply compromised. They have no scruples to lose and aim to maximize revenues.

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