Conedex might seem like an excellent way to increase you cryptocurrency. However, it’s actually a clever trick designed to steal the blind. Conedex lures its clients with the promises of hefty returns and quick profits however reality isn’t quite like it. When you deposit your cryptocurrency into Conedex the website shows the user inflated balances and false earnings, giving the impression of your investments expanding. However, behind the scenes there is no real trading taking place. The scammers just take your money, and show you a an untrue dashboard that keeps you believing that your funds are secure. If you attempt to withdraw money, you’ll be faced with excuses such as System errors, delays in verification or even outright refusal. If the website is blocked or shut down the site is quickly reinstated under a different domain, perpetuating the deceit. This is a vicious fraud that thrives on trust, but will leave you without a dime at the final.
What is the Conedex Scam?
“Conedex.top,” or the “Conedex.top” fraudulent website is fraudulent cryptocurrency trading platform that is designed to take Bitcoin. It targets people who are who want to trade or invest in digital assets by employing various techniques to build trust and to encourage deposits. On first look, the site appears to be a legitimate platform for trading and appears to be an exchange for crypto. But, the truth is not as simple as that the fact is that there isn’t any actual trading taking place on the platform and the users could ultimately be unable to access their funds.
The scam involves an intricate series of steps. At first, victims are enticed into the scam by impersonations of celebrities of celebrities, usually via fake videos or voiceovers created by AI. Deepfakes are fakes that feature famous people like Cristiano Ronaldo Elon Musk and Bill Gates, who falsely endorse the service. The fake endorsements create an illusion of legitimacy, leading users to believe that they are working with legitimate services.
After users have joined the website users are then urged to sign up for an account and use the promo coupon. This is when the deceit gets more intense. Once they have entered the code, users are presented with an untrue balance of cryptocurrency. Usually, it is depicted in the form of 0.31 BTC, which is intended to create excitement and create confidence. But this balance is manufactured and does not have any worth.
The scam is triggered when users want to withdraw their money. At this point the website prompts users to make a payment usually about 0.005 BTC, to activate their withdrawal options. People are then pressured to pay the amount requested under the impression that it’s a mandatory step in order to withdraw their money. After the deposit has been made however, the scammers vanish. The platform will either stop responding or shows an error message, or ceases to exist completely and the victims are left without a way to retrieve any lost Bitcoin.
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Overview of the Conedex.top Bitcoin Promo Code Scam
Conedex.top is the most recent fake cryptocurrency trading platform that is being promoted by a slick fake-faced scam on social networks. By using fake or voice-dubbed video fraudsters impersonate celebrities such as Cristiano Ronaldo Elon Musk Bill Gates, Mark Zuckerberg and Drake to lure people to deposit Bitcoin.
The scam is carried out by spreading fraudulent videos on YouTube, TikTok and Facebook. On the video, celebrity with the most sexy appearances describe a particular Bitcoin giveaway opportunity, in conjunction with Conedex.top.
Users who type in these codes after registering will see an amount of 0.31 BTC added to their Conedex.top dashboard. When they try to withdraw the money the message will tell them that they have to deposit a minimum in the amount of 0.005 BTC to “activate” withdrawal options.
The requirement for deposits tricked unsuspecting users into making genuine Bitcoin transactions, which fraudsters immediately take. This Conedex.top platform and a purported cryptocurrency giveaway by celebrities is not in fact existent.
The fake Conedex.top platform and the crypto giveaway is not really there. It is a fake trading front that collects deposits into wallets of scammers. After the site has accumulated enough funds the site goes down and the victims are left with no means to get their money back.
By gaining public trust through people such as Cristiano Ronaldo Elon Musk Bill Gates, Mark Zuckerberg and Drake Scammers add credibility to the idea that the viewers will make money on Bitcoin. In actuality, it’s an elaborate scheme to extort crypto funds.
How the Conedex.top Bitcoin Promo Code Scam Works
The perpetrators behind Conedex.top depend on a mix of convincing fake footage, manipulative psychological techniques and technical ruses to carry out this Conedex.top fraud. Let’s take a closer look at the steps to follow:
Step 1: Produce Fake Celebrity Endorsement Videos
The fraudsters employ artificial intelligence technology for video editing to create fakes using deepfakes which seem to show celebrities such as Cristiano Ronaldo Elon Musk Bill Gates, Mark Zuckerberg or Drake supporting the Bitcoin giveaway as well as the Conedex.top platform.
Two principal techniques are employed:
Deepfake uses AI algorithms to replace the face of the celebrity and voice, with a high level of authenticity that makes the videos appear authentic.
Voice dubbing – Recorded interview footage and then uses software to mimic the voice of a person to create the illusion that a famous person is saying things they didn’t actually say.
Both methods allow fraudsters to make convincing videos in which the celebrities appear to direct the viewers, and instructing them on how to get free Bitcoin through Conedex.top.
Step 2: Distribute Deceptive Videos on Social Platforms
After being created, fake endorsement videos of celebrities are widely shared on sites such as YouTube, TikTok, Instagram and Facebook by two methods:
Paid advertisements – Fraudsters pay for videos that target users who are interested in investing in cryptocurrency or even the celebrities featured in the ads.
Hashtag campaigns Scammers employ similar hashtags for celebrities and crypto to attempt to make the videos viral within the communities they target.
The wide distribution of the scam gives videos a better likelihood of getting to potential victims.
Step 3: Direct Viewers to Conedex.top
The fake videos include links that take visitors to Conedex.top website. Although the website looks professional on first glance but it’s a complete scam designed to take deposits.
There is no actual cryptocurrency trading or exchange is taking place. The platform and balances displayed are fabricated and manipulated.
Step 4: Instruct Viewers to Use Promo Code
In accordance with the instructions in the fake celebrity’s video, visitors go to Conedex.top and type in the promo code at the time of signing up for example “CR7” as well as “TIktok11.”
By entering these codes, you can make an amount of 0.31 BTC to the user’s account dashboard, which makes it appear as if the promo code has added the value of free Bitcoin to their account balance.
Step 5: Prevent Withdrawals Until Deposit
If users attempt to withdraw the funds to another wallet they receive a message that requires them to make an initial withdrawal that is 0.005 BTC to “activate” the withdrawal capability.
It tricked users into depositing real cryptocurrency to the fraudulent site thinking that they are merely completing the ID verification.
Step 6: Steal Deposits and Disable Accounts
Once scammers have gathered enough genuine Bitcoin deposit, the scammers abruptly shut down all accounts of users and shut down the website. The money of the victims is taken.
The cycle continues and fraudsters are creating new websites, videos, and accounts to entice new victims.
Through studying these techniques, both technical and psychological consumers can identify and stay clear of scams in cryptocurrency giveaways disguised as celebrity endorsements. Offers that appear too promising to be real are not.
Frequently Asked Questions
1. How do you know if it is a Conedex.top Bitcoin promo code scam?
This is a serious scam that makes use of deceitfully edited videos of famous people to lure victims into making Bitcoin money to a fake website for trading Conedex.top.
The scammers make and release videos which depict famous people such as Cristiano Ronaldo Elon Musk Bill Gates, Mark Zuckerberg and Drake signing an Bitcoin giveaway deal in collaboration with Conedex.top.
In the video, the voice-dubbed or deepfaked celebrities offer an exclusive promo code like “CR7” and “Tiktok11” They claim their viewers can redeem on Conedex.top to get free Bitcoin funds to their account.
But, Conedex.top does not actually permit any actual transactions or trading. It’s a fake website created to only capture and steal Bitcoin deposits from unwitting users who have been lured by fraudulent endorsement videos of famous celebrities.
2. Which celebrities are most often impersonated in scam video?
The most popular celebrities that are targeted in fraud videos are:
Cristiano Ronaldo
Elon Musk
Bill Gates
Mark Zuckerberg
Drake
The scammers choose the celebrities based on their mass popularity and trust in the public that gives an impression of legitimacy in the false Bitcoin giveaway. The fame of the celebrities makes it more likely that the target will end up being sucked into the scam.
3. What is the process by which fake endorsement videos for celebrities made?
The scammers use two main strategies:
The latest deepfake artificial intelligence technology that instantly replaces the authentic persona and voice of the celebrity with a synthetic imitation created to appear and sound real and authentic.
Voice dubbing that takes interview footage of the star and utilizes software for voice mimicry to make it appear as if they are speaking in a different way.
Both strategies allow scammers to make convincing videos that clearly portray the celebrities directly speaking to viewers, and also informing them about giveaways for Bitcoin. Bitcoin giveaway.
4. How and where do fraudsters promote their fraudulent videos?
Once they were created, the fake videos spread to social media platforms like YouTube, Facebook, Instagram and TikTok by using two strategies:
Paid-for video advertisements targeted towards those who are interested in trading cryptocurrency and investing.
Hashtag campaigns utilizing similar terms such as #Bitcoin the #CryptoGiveaway hashtag to reach more people.
The mass distribution of the videos through organic and paid channels allows the fraudulent videos to be watched by the most potential victims possible.
5. What happens when people use the Conedex.top coupon code?
After being deceived by fake endorsements of celebrities The victims then go to Conedex.top and enter the promo code when they register like “CR7” and “Tiktok11”.
By entering these codes, you can make an amount of 0.31 BTC to the user’s Conedex.top account dashboard. This is intended to trick users into believing that the promo code has successfully added free Bitcoin to the balance of their account.
However, in reality, there is no real Bitcoin is actually deposited. The balance is entirely fake, and only designed to further deceive the users. No trading occurs.
6. Do scammers focus on celebrity cryptocurrency marketing to defraud?
The fraudsters profit from public interest and hype about cryptocurrency’s potential profit margins. Famous personalities such as Elon Musk are also known as pioneers in the crypto area, which increases their credibility.
In a fake appearance, celebrities endorse an enticing crypto giveaway, scammers lure victims into submitting payments to their fake website, believing that they can earn earnings.
7 Are the fake celebrity videos that were created to promote this fraud legal?
No. Consensual or non-consensual usage of celebrity likenesses as well as intellectual property that is not authorised by the owner of it, are unlawful in accordance with FTC regulations. Regulators are still having difficulty to enforce laws due to the ubiquity of fakes online.
The Bottom Line
The Conedex.top scam is a timely lesson in protecting your cryptocurrency and being aware before making payments to anyone:
Examine endorsements of celebrities – Check celebrity crypto advertisements prior to deciding. Check for legitimacy using official channels.
Explore trading platforms and verify every exchange, and search for reviews, certificates, and licenses before registering an account.
Beware of “free crypto” The legitimate platforms don’t give away Bitcoin or offer bonuses just in exchange for signing up.
Do not allow withdrawals through deposits. No legitimate website requires users to deposit money prior to withdrawing balances.
Report suspicious activity. Notify authorities about frauds that could be occurring and assist in bringing scammers to justice.
Be on the lookout for similar scams using celebrities as models and exploitation of excitement about cryptocurrency. Inform your friends about these fraudulent methods to guard your fellow citizens from scammers who are stealing their money.
