We Investigated Rozerex: Legit or Scam? The Facts

Recently, Rozerex.com site popped up, promoting itself as a place where you can safely keep cryptocurrency and other assets. I managed to gather credible proof that clearly reveals it is, in truth, a scam platform.

Contrary to the statements of Rozerex.com, they won’t refund your capital. Regardless of the money displayed in the “member area”, there is no ability to take out even a cent. All pledges regarding crypto bonuses are baseless as well.

Rozerex Scam Overview

The key service that Rozerex aims to provide is a protected and user-friendly cryptocurrency wallet service. The site promises crypto exchange solutions, tools for handling wallets, transfers, dashboards, and the like. In reality, they endeavor to emulate the functionality of a crypto marketplace, akin to Binance or Coinbase. However, it in fact exclusively serves as a cover intended to deceive the cautious.

Rozerex Scam

Initially, Rozerex reproduces the appearance of multiple equivalent pages. There are quite a few examples, like Santaclausbit, Soulexbit or Untex. They are totally indistinguishable in terms of visual elements, with small discrepancies in the webpage header. Other particulars, and at times even crypto wallet addresses, are the same. Most likely, all these scam online platforms are led by a single group of fraudsters.

Cryptocurrency Scam Summary

How the Rozerex Scam Works?

Rozerex is yet another website within a extensive network of associated crypto scam webpages. The managers utilize diverse brand titles and websites, like Rozerex.com, to capture victims. Nevertheless, these false websites possess the same designs, terms of service, and About information. This unveils their sources as components of the equal criminal network, which advocates the similar mode of deception under diverse covers. The fraudsters merely replicate the same fraudulent site under diverse names to fool users into thinking they are participating in a new opportunity. However, in reality, it’s the equal system of scammers orchestrating the deceptive promises and attempts to seize deposited funds. The operators shrewdly employ psychological tactics and captivating invitations to carry out their deceitful plots.

Step 1: Spreading

To begin the deceptive scheme, criminals set up and fill accounts on well-liked social media platforms. They mainly target Facebook, Instagram, Twitter, and TikTok. Subsequently, the marketing campaign starts. Using bots and sponsored advertisements (when feasible), fraud actors intensify the visibility of their deceptive activities to potential victims. This strategy allows them to create a wide net and interact with their aimed viewers. The latter usually consists of cryptocurrency enthusiastic individuals searching for chances to make profits.

Step 2: Gaining Traffic

Individuals who express interest check out Rozerex.com via links featured in promotions or bot-generated posts. The website utilizes captivating visuals, design elements that appear legitimate, and claims of holding a official license, all intended to convey an initial impression of reliability.

Step 3: Data Gathering

To redeem their rewards, users are required to proactively create an account on Rozerex and receive guidance to submit sensitive and personal information throughout the registration process. This comprises linking their cryptocurrency wallets, sharing email addresses, supplying phone numbers, submitting identification documents, and the like.

Step 4: Requesting funds

Once registered, users witness considerable amounts of cryptocurrency, valued at hundreds of dollars, within their Rozerex wallets. However, as is standard with such rewards, you are unable to withdraw them ahead of topping up your account. Usually, a payment of $100 is required to access the sign-up bonus. This condition serves as the enticement that eventually leads to the money loss.

Step 5: Disappear

The moment the payment is made, the fraudsters halt all contact. They move forward to restrict users, remove accounts, and vanish with both the deposited funds and essential personal details. The fabricated benefits continue to be perpetually uncredited, as they lack real existence. They function exclusively as a phishing strategy. This method forms the foundation for the deceivers’ capability to mislead victims and misappropriate hard-earned funds through their duplicative web crypto scheme.

Signs of Scam

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

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

What Should I do as a Victim?

If you had to deal with Rozerex 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 masters may reach out to you with specific documents. Alternatively, they may offer you to set up “cryptocurrency wallet applications” or “browser extensions” to streamline access to your cryptocurrency funds. As we already figured out, these scammers have no intent of returning your funds. So, what do these email messages and browser extensions represent? Correct – this is another side of the scam designed to entice you into deliberately running harmful software onto your computer.

Both extensions and files included to email messages can function as a carrier for diverse malware. In this case, I expect the presence of spyware and stealers among other types of malware. While it is not mandatory for scammers to distribute malware, the chance is always significant. As previously mentioned, their conscience is of no concern, and their dignity is already seriously marred. They have no principles to give up and strive to boost revenues.

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