[Warning] Cryptosdesk.io up to 30% annually(rip-off, plagiarized content and etc

[SFR10]

What happened:
As soon as I saw their website, I knew I've seen the template they were using on their website, so I did some digging and was able to find the original source ^{[partial rip-off from another scam website]}. In addition to that, they're offering a high annual interest rate of 30% while also using a lot of plagiarized content from various websites.

Scammers Profile Link:
cryptosdesk

Reference Link:
Cryptosdesk.io - Earn, Trade and Borrow Cryptocurrency ^[archived]

• Cryptosdesk.io ^[archived]
• Blockvaults.io ^{[archived]
  Note: It has a "bad [Trustpilot]" reputation.}
• YieldEx.org ^[archived]

• Why choose cryptosdesk?
  We offer best-in-class client service and support, plus leading protection measures to ensure you have peace of mind.

  Why Choose YieldEx?
  We offer best-in-class client service and support, plus leading protection measures to ensure you have peace of mind.

• There are no hidden fees and no limit on profits.

  There are no hidden fees and no limit on profits.

• Borrow money at rates as low as 0.5%
  You don’t have to sell your crypto to get cash. At Cryptosdesk, we let you borrow funds against your crypto assets so you can get a loan while continuing to hold.

  Borrow money at rates as low as 4.5% APR
  You don’t have to sell your crypto to get cash. At YieldEx, we let you borrow funds against your crypto assets so you can get a loan while continuing to hold.

• LTV is determined by the amount of the loan divided by the value of the collateral for that loan.

  LTV is determined by the amount of the loan divided by the value of the collateral for that loan.

• Earn interest, borrow cash, and trade crypto from the most trusted crypto financial platform.

  earn interest, borrow cash and trade crypto from the most trusted financial service providers in crypto.

• The Cryptosdesk team consists of professionals with a deep bench of expertise across financial services and technology with offices in Jersey.

  The BlockFi team consists of professionals with a deep bench of expertise across financial services and technology with offices in New York, New Jersey, Poland, and Argentina.

• Does Cryptosdesk have 2FA?
  Yes, Two-factor authentication (2FA) is the industry standard for securing your online accounts. 2FA is enabled by default in Cryptosdesk. 2FA adds a second layer of protection to your account. When you signin, you’ll be prompted to enter a verification code received by email.

  Does BlockFi have 2FA?
  Yes! Two-factor authentication (2FA) is the industry standard for securing your online accounts. Once enabled, 2FA adds a second layer of protection to your BlockFi account. When you login, you’ll be prompted to input your password and a verification code generated by your authenticator app.

Additional Notes:

• Domain name: cryptosdesk.io
  Creation Date: 2021-08-12T16:17:19.00Z

  Domain name: Blockvaults.io
  Creation Date: 2021-02-03T11:17:40.00Z

  Domain name: yieldex.org
  Creation Date: 2021-02-02T17:30:13.00Z

• 
  
  
  
  
• They also offer a high daily crypto reward for free:
  
  

Tagged and "created a flag".

[The Sceptical Chymist]

Just FYI, it looks like the project is called Cryptosdesk (which sounds very weird if you say it out loud).  But there's no doubt they boosted content from other sources without attribution, and it looks like they were just plain lazy, changing words here and there.

I'm not sure what to think about the 30% per year.  They used that tricky qualifier "up to", which basically means you could earn a lot less than 30%, plus I'm hearing of DeFi projects that are apparently legitimate which offer returns much higher than that.  It sounds way too good to be true to me, but I've never done anything with DeFi personally, so I don't know if it's a Ponzi or what.

Either way, flag supported.  Good eyes, OP.

[TheUltraElite]

A number of copy pasted text and social media links pointing to newly created accounts this month make this a very suspicious site at first glance. Following which the humongous interest rates are the nail in the coffin, which can only mean the site to be running a ponzi scheme.

Code:

13 Broad St, St Helier, Jersey JE2 3RR, Jersey

Their address  shows up on search engines to be the location of some lending companies but further information can be known only by a resident of that area. This is however a common practice among scammers to use addresses of known business centers in order to show off.

I would suggest others to report the domain name to NameCheap for abuse as well. Flag is of course supported.

[SFR10]

Just FYI, it looks like the project is called Cryptosdesk

Well spotted ^{[thank you]}

(which sounds very weird if you say it out loud).

I guess they didn't want to pay the "premium price" for something that won't last long.

I'm not sure what to think about the 30% per year.  They used that tricky qualifier "up to", which basically means you could earn a lot less than 30%, plus I'm hearing of DeFi projects that are apparently legitimate which offer returns much higher than that.  It sounds way too good to be true to me, but I've never done anything with DeFi personally, so I don't know if it's a Ponzi or what.

It's getting harder and harder to identify them. Based on my observation, most of the recent ones have drastically lowered their interest rates ^{[a bit tricky]}, but when you compare their high "free" daily reward with everything else, then their true nature becomes clearer.

Their address  shows up on search engines to be the location of some lending companies but further information can be known only by a resident of that area. This is however a common practice among scammers to use addresses of known business centers in order to show off.

That's interesting ^{[I forgot to look it up last night, thank you]}

Either way, flag supported.  Good eyes, OP.

Flag is of course supported.

Thanks to both of you, I appreciate it.