Dex-Trade`s Mission: Scam-Free Crypto World

November 17, 2023

 

Dex-Trade, a leading cryptocurrency exchange, is launching a crucial initiative calling on all key players in the cryptocurrency market to join forces against fraud.

 

Our dedicated team has invested significant efforts in developing advanced algorithms designed to identify and flag potentially fraudulent schemes.
 

Here are some things you should be aware of:

We identified that fraudsters take a new approach based on using the names of known cryptocurrency exchanges and financial projects. In this way, they make their actions appear legitimate to attract funds from gullible users.

How do scammers operate? 

1. Scammers find a telephone database of potential victims. They segment it and select the most vulnerable groups of people such as seniors and people in difficult financial circumstances. However, others can also become victims of fraudsters. 

2. They create web resources with eloquent designs and slogans promising quick income of up to 1000% and even more with almost no effort. 

Here is an example of such a website:  https://immeddiateedge.com/index-nl.html?transaction_id=U0FTTkpCZ3JIUFU9. 

3. After this, scammers start high-pressure telephone calls with investing offers (the conversation usually revolves around the investing sum between 100 and 300 euros. However, the sum is the subject of the discussion, and the amount may be greater than previously mentioned if the person allows it). Scammers can represent themselves as employees of the exchange, as well as representatives of the investing companies. 

4. Fraudsters propose to the victim to set up an account on the fraudulent website and to provide access to the user's device (phone, tablet, or computer) using remote control software (e.g. AnyDesk, Teamviewer, etc.)
 

5. Set up an account on a crypto exchange (such as Dex-Trade, Binance, Coinbase, Kraken,  Bittrex and others).

Following this, scammers buy "promising investment crypto assets" using the victim's funds on the account.
 

6. In the short term, for a maximum of six months, scammers sharply dump the price of crypto assets. Consequently, fraudsters retain funds, and customers are left with nothing but coins that have lost their value. 

The challenges of detecting fraudulent schemes

Such schemes are difficult to identify since users act on their own will, giving access to their accounts, transferring funds, and buying cryptocurrencies. We would like to point out that fraud victims may not always be willing to provide complete information about such cases since they believe that employees of the exchange are involved in fraudulent activities. The lack of information, therefore, impedes successful incident investigations.

It is important to highlight that Dex-Trade doesn't provide financial, consulting, investing, or any other services aimed at soliciting users' financial resources.
 

Formation of an Association for crypto scam prevention and creation of a unified register of scam coins 
 

In light of the growing scale of fraud and audacity of fraudsters, as well as their use of the names of leading exchanges, our team announces the creation of a single registry of scam coins. This registry will collect data on all projects that have been found to engage in fraudulent schemes. The primary purpose of creating the registry is to warn exchange teams and users of all platforms that will participate in the project. The establishment of an association for crypto scam prevention (Anti-Crypto Fraud Association - ACFA) is planned for the future.
 

Collaboration Invitation
 

We urge all exchange representatives, irrespective of whether they have experienced fraudulent activities or not, to join this initiative. The objective is to share information in real-time for effective fraud prevention. We look forward to your inquiries via email at [email protected]. 

 

Assistance for impacted users
 

We are calling on all users who have been affected by this or similar fraudulent scheme that use the Dex-Trade name to contact us with the details of the incident by email at [email protected]. Alternatively, you can contact us via an online chart on dex-trade.com. We request information about the date of fraudulent activity, methods of communication with scammers, log-in on Dex-Trade, and the name of the asset that you were persuaded to invest in.
 

Note of importance
 

The timeliness of information gathering will be a decisive factor in our subsequent actions to assist the victims. Appeals from affected users are accepted until December 31, 2023, after which we will make a decision and inform the community of further actions.

 

Creation of a user support fund

The next step in our efforts to combat crypto fraud will be the creation of a Common Fund to support users of all exchanges who have become victims of fraudulent activity.

Let's unite our resources to protect users

We urge all exchanges, financial organizations, crypto enthusiasts, mass media, and independent influencers, who share our views on the fight against fraud, to join our initiative. Together, we can ensure the safety and security of our users around the world!

 

About Dex-Trade 

Dex-Trade is a versatile platform that was created in 2017 with the needs of both beginners and experienced users in mind. We adhere to three key principles in our development: Safety, Simplicity, and Reliability.
 

Our team pays special attention to the projects presented on Dex-Trade, to ensure maximum convenience and diversity for our users. We constantly develop and improve our security protocols, likewise, our dedicated efforts are focused on ensuring the protection of assets and user data, as well as crypto market integrity maintenance.
 

Update from January 15, 2024

 

Attempts to use the name of the Dex-Trade exchange for fraudulent activities continue online. We wish to remind everyone once again that the only official URL of the Dex-Trade exchange is

https://dex-trade.com/

Be aware that any other URLs using the Dex-Trade exchange name are fraudulent!

We urge users to verify the accuracy of the URL before engaging in any transactions on the exchange. Failure to do so may result in the loss of your funds. 

 

Respectfully,