Conedex might seem like an excellent way to increase the value of your crypto, however it’s actually a clever scam designed to take the blind. Conedex lures its customers with the promise of hefty yields and quick cash however the reality isn’t as it. After you deposit your crypto into Conedex it will show the user inflated balances and false earnings, giving the impression of your investments increasing. However, behind the scenes there’s nothing taking place. The scammers simply pocket your money and present you with a fake dashboards to keep you believing that your funds are secure. If you attempt to withdraw your money, you’ll be faced with excuses such as problems with the system, delays in verifying or even outright refusal. When the website is blocked or shut down and re-launches, it is then rebranded under a different domain, repeating the scam. It’s a fraud that is built on trust, but will leave you without a dime at the final.
What is the Conedex Scam?
“Conedex.top” scam “Conedex.top” fraud is fraudulent cryptocurrency trading platform created to take Bitcoin. It targets those who are interested in investing or trading in digital assets by employing various techniques to build trust and to encourage deposits. It initially appears to be a legitimate platform for trading and appears to be an exchange for crypto. But, the truth isn’t as it seems There isn’t any real trading taking place on the platform and users are likely to be unable to access their funds.
The scam involves a carefully designed series of steps. The first step is to lure victims into the scam by impersonations of celebrities typically via deepfake video or voiceovers created by AI. The fakes feature prominent celebrities like Cristiano Ronaldo Elon Musk and Bill Gates, who falsely endorse the service. The false endorsement creates an illusion of trust, causing users to believe that they are working with legitimate services.
When users sign up on the website and are prompted to sign up for an account and use the promo coupon. This is when the deceit increases. Once they have entered the code, users are presented with an fake balance of cryptocurrency. Usually, it is shown with the number 0.31 BTC, which is intended to create excitement and increase confidence. But the balance displayed is only manufactured and does not have any actual value.
The scam continues when victims want to withdraw their money. In this instance 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 misconception that it’s a mandatory procedure to get their money. After the deposit has been made however, the scammers vanish. The platform will either stop responding or displays an error message or ceases to function completely leaving the victim without any way to retrieve the lost Bitcoin.
ALSO READ
Tirtex.com Crypto Scam – Our Breakdown of This Crypto Con
Healthyrelay shop legit? Healthyrelay Review 2025: Is it Legit or scam?
ParaPurge Review 2025: Is Freerangesupplements com legit?
Overview of the Conedex.top Bitcoin Promo Code Scam
Conedex.top is the most recent fake cryptocurrency trading site being advertised through a sophisticated fraud featuring celebrities on social media. Utilizing voice-dubbed or deepfake videos fraudulent actors impersonate famous people such as Cristiano Ronaldo Elon Musk Bill Gates, Mark Zuckerberg and Drake to lure people to deposit Bitcoin.
The scam operates by disseminating false videos through YouTube, TikTok and Facebook. The videos contain celebrity with the most sexy appearances describe a particular Bitcoin giveaway in collaboration with Conedex.top.
Users who type in the codes following registration will see an amount of 0.31 BTC added to their Conedex.top dashboard. When they try to withdraw these funds the message will tell them that they have to deposit a minimum amount in the amount of 0.005 BTC to “activate” withdrawal options.
This requirement to deposit money tricks unwary users into making genuine Bitcoin transactions, which scammers then steal. This Conedex.top platform and the purported famous crypto giveaways are not real.
The fake Conedex.top platform and the crypto giveaway is not really there. The website is a fraudulent trading platform that allows users to deposit money into scammers’ wallets. Once enough money is collected the website disappears, and the victims are left with no means to retrieve their money.
By gaining public trust through people such as Cristiano Ronaldo Elon Musk Bill Gates, Mark Zuckerberg and Drake The scammers give credibility to the claim that their viewers can make money on Bitcoin. However, in actuality, it’s an elaborate scheme to steal crypto-based deposits.
How the Conedex.top Bitcoin Promo Code Scam Works
The perpetrators behind Conedex.top depend on a mix of convincing fake video clips, manipulation of the mind and technological subterfuge to commit this Conedex.top fraud. Let’s take a closer look at the process step-by-step:
Step 1: Produce Fake Celebrity Endorsement Videos
The fraudsters employ artificial intelligence technology for video editing to create fakes that appear to depict celebrities such as Cristiano Ronaldo Elon Musk Bill Gates, Mark Zuckerberg or Drake who endorse the Bitcoin giveaway as well as the Conedex.top platform.
Two main techniques are employed:
Deepfake uses AI algorithms to substitute the person’s face and voice with a higher level of authenticity that makes the videos appear 100% authentic.
Voice dubbing – Recorded interview footage and then uses software that mimics voices to create the illusion that a person speaking is saying something they never actually said.
Both strategies allow scammers to create convincing video in which the celebrities appear to direct the viewers, and instructing them on how to earn free Bitcoin through Conedex.top.
Step 2: Distribute Deceptive Videos on Social Platforms
Once they are created, the fake endorsement videos of celebrities are distributed widely on websites such as YouTube, TikTok, Instagram and Facebook using two primary strategies:
Paid ads – Fraudsters purchase ads that are targeted at people who are interested in investing in cryptocurrency or even the celebrities featured in the ads.
Hashtag campaigns Scammers make use of similar hashtags from celebrities or crypto to make their videos viral within the communities they target.
A wide-spread distribution means that scam videos a better likelihood of being seen by potential victims.
Step 3: Direct Viewers to Conedex.top
The fake videos include hyperlinks that direct visitors to Conedex.top website. Although the website looks professional from the first look however, it’s actually a total fraud designed to make 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, users visit Conedex.top and type in the promo code at the time of signing up like “CR7” as well as “TIktok11.”
By entering these codes, you can make an amount of 0.31 BTC to the user’s account dashboard. This makes it appear as if the promo code has added no cost Bitcoin to their account balance.
Step 5: Prevent Withdrawals Until Deposit
If users attempt to withdraw the funds to the external account, an error message requires them to make an initial withdrawal in the amount of 0.005 BTC to “activate” the withdrawal capability.
The trick is to lure victims into putting real money to the fraudulent site thinking that they are merely completing identification verification.
Step 6: Steal Deposits and Disable Accounts
After the scammers have accumulated enough genuine Bitcoin deposit, the scammers then remove all user accounts and shut down the website. The victim’s money 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. The giveaways that look too promising to be real aren’t.
Frequently Asked Questions
1. How do you know if it is a Conedex.top Bitcoin promo code scam?
This is a risky scam that makes use of deceitfully edited videos of famous people to lure victims into making Bitcoin funds to a fake website for trading Conedex.top.
The scammers make video clips that include famous celebrities such as Cristiano Ronaldo Elon Musk Bill Gates, Mark Zuckerberg and Drake supporting the Bitcoin giveaway deal in collaboration with Conedex.top.
In the video, the deepfaked or voice-dubbed stars provide an exclusive promo code for example “CR7” and “Tiktok11” They claim that viewers can utilize on Conedex.top to receive free Bitcoin money in their accounts.
The truth is, Conedex.top does not actually allow any genuine transactions or trading. It’s a scam platform that was created solely to take and store Bitcoin deposits from innocent customers who are lured by fraudulent endorsement videos of celebrities.
2. Who are the celebrities who are often impersonated in scam videos?
The most frequently-used celebrities that are targeted in fraud videos are:
Cristiano Ronaldo
Elon Musk
Bill Gates
Mark Zuckerberg
Drake
The scammers choose these celebrities due to their massive popularity and trust in the public this creates a false sense of authenticity for the fraudulent Bitcoin giveaway. The fame of the celebrities makes it more likely that the target will end up falling for the scam.
3. How do fake endorsement videos for celebrities made?
The fraudsters rely on two main strategies:
Deepfake technology that is advanced that effortlessly replaces the real-life persona and voice of the celebrity with a synthetic imitation created to appear and sound real and authentic.
Voice dubbing that takes interviews of the famous and utilizes software for voice mimicry to create the illusion that they are speaking in a different manner.
Both strategies allow fraudsters to create convincing videos that accurately portray the celebrities directly speaking to viewers, and also informing them about giveaways for Bitcoin. Bitcoin giveaway.
4. What and how do fraudsters promote their fraudulent videos?
After being created, fake videos spread to social media platforms like YouTube, Facebook, Instagram and TikTok using two primary strategies:
Paid video ads aimed at those who are who are interested in trading cryptocurrency and investing.
Hashtag campaigns that use related terms such as #Bitcoin @ElonMusk, #CryptoGiveaway for more people.
The mass distribution of the videos through organic and paid-for reach allows the fraudulent videos to be watched by many potential victims as possible.
5. What happens if victims utilize the Conedex.top coupon code?
After being enticed by fake endorsements of celebrities the victims visit Conedex.top and enter the promo code at the time of registration like “CR7” and “Tiktok11”.
By entering these codes, you can make the amount of 0.31 BTC to the user’s Conedex.top account dashboard. This is intended to trick the user into thinking that the promo code has successfully added free Bitcoin to the balance of their account.
In reality, there is the actual Bitcoin is actually deposited. The balance is entirely fake, and only designed to further deceive the users. No trading occurs.
6. Do scammers concentrate on utilizing celebrity cryptocurrency advertisements to defraud?
The fraudsters profit from public interest and the hype surrounding cryptocurrency’s profit margins. Famous personalities such as Elon Musk are also known as visionaries in the cryptocurrency space, which boosts their credibility.
In a fake appearance, celebrities endorse an enticing crypto giveaway, scammers trick users into sending money to their fraudulent website, believing that they can earn profit.
7 Are the celebrity fake videos made for this fraud legal?
No. The non-consensual use of celebrity images as well as intellectual property that is not authorised by the owner of it, are unlawful under FTC regulations. Regulators are still having difficulty to enforce laws due to the widespread spread of fakes online.
The Bottom Line
The Conedex.top scam is a timely lesson in protecting your cryptocurrency and analyzing prior to sending money anywhere:
Check endorsements and scrutinize celebrities’ crypto advertisements prior to deciding. Verify legitimacy by contacting official channels.
Explore trading platforms and verify every exchange and check for reviews, certificates, and licenses before registering an account.
Beware of “free crypto” The legitimate platforms don’t give away Bitcoin or provide bonuses to sign up.
Do not permit withdrawals using deposits. No legitimate website will require users to deposit funds prior to withdrawing balances from their accounts.
Report suspicious activity. Inform authorities about frauds that could be occurring and assist in bringing scammers to justice.
Be aware of similar scams using celebrities as models and exploitation of the hype surrounding cryptocurrency. Be aware of these fraudulent methods to guard your family and friends from scammers.