What We Are Investigating?
Our firm is launching a comprehensive investigation into Deriv over allegations that it has been suppressing critical reviews and unfavorable Google search results by fraudulently misusing DMCA takedown notices. These actions, if proven, could constitute serious legal violations—including impersonation, fraud, and perjury.
We conducted comprehensive analyses of fraudulent copyright takedown requests, meritless legal complaints, and other unlawful efforts to suppress public access to critical information. Our reporting sheds light on the prevalence and modus operandi of a structured censorship network, often funded and used by criminal enterprises, oligarchs and criminal entities seeking to manipulate public perception and bypass AML checks conducted by financial organisations.
The fake DMCA notices in this investigation appears to have been strategically deployed to remove negative content from Google search results illegally. Based on this pattern, we have reasonable grounds to infer that Deriv - or an entity acting at its behest - is directly or indirectly complicit in this cyber crime.
In most such cases, such ops are executed by rogue, fly-by-night 'Online Reputation Management' agencies acting on behalf of their clients. If evidence establishes that the subject knowingly benefited from or facilitated this scam, it may be deemed an 'accomplice' or an 'accessory' to the crime.
What are they trying to censor
Investigative Report: Allegations, Red Flags, and Adverse News Against Deriv
Deriv, a prominent online trading platform, has faced a series of allegations and controversies that have raised concerns about its operations, transparency, and regulatory compliance. These issues have significantly impacted its reputation, particularly among traders and regulatory bodies.
Major Allegations and Red Flags:
Regulatory Scrutiny and Licensing Issues:
Deriv has been criticized for operating in jurisdictions without proper regulatory oversight. While the company claims to be regulated by multiple authorities, including the Malta Financial Services Authority (MFSA) and the Vanuatu Financial Services Commission (VFSC), questions have been raised about the robustness of these licenses. Critics argue that these jurisdictions are known for lax regulatory standards, which could expose traders to higher risks.
Misleading Marketing Practices:
Deriv has been accused of using aggressive and misleading marketing tactics to attract inexperienced traders. Promises of high returns and low-risk trading have been cited as examples of deceptive advertising. Such practices have led to complaints from users who feel misled and have suffered significant financial losses.
Lack of Transparency in Fees and Charges:
Users have reported hidden fees and unclear pricing structures on the platform. These allegations suggest a lack of transparency, which undermines trust in Deriv’s operations. Traders have expressed frustration over unexpected charges that eat into their profits.
Poor Customer Support and Dispute Resolution:
Numerous complaints have been filed about Deriv’s unresponsive customer service and inadequate dispute resolution mechanisms. Traders have reported difficulties in resolving issues related to withdrawals, account closures, and trading discrepancies, further damaging the platform’s reputation.
Association with High-Risk Trading:
Deriv offers complex financial instruments, such as binary options and contracts for difference (CFDs), which are considered high-risk and speculative. Critics argue that the platform does not adequately educate users about the risks involved, leading to substantial financial losses for inexperienced traders.
Adverse News and Reputational Damage:
Several investigative reports and consumer watchdog articles have highlighted Deriv’s questionable practices. For example, a 2021 exposé by a financial news outlet detailed how the platform allegedly manipulated trading outcomes to ensure client losses. Another report by a cybersecurity firm suggested that Deriv’s website had been involved in phishing attempts to collect sensitive user data.
These stories harm Deriv’s reputation by portraying it as an untrustworthy and potentially fraudulent entity. For a company operating in the highly regulated financial services industry, such negative publicity can lead to a loss of clients, legal action, and increased scrutiny from regulators.
Why Deriv Might Resort to Cybercrime:
Given the severity of these allegations, Deriv has a strong incentive to suppress damaging information. Negative reviews, scam allegations, and regulatory warnings can deter potential clients and lead to a decline in revenue. By removing or discrediting such content, Deriv could attempt to rebuild its image and continue operating without facing the consequences of its actions.
Cybercrime, such as hacking into websites or social media accounts to delete negative reviews, could be seen as a desperate measure to control the narrative. However, such actions would only compound the company’s legal and ethical issues, further damaging its reputation if uncovered.
In conclusion, Deriv’s alleged misconduct and the resulting adverse news have significantly harmed its credibility. The platform’s potential motivation to suppress this information, even through illegal means, underscores the extent of its reputational crisis and the high stakes involved in maintaining its operations.
- https://lumendatabase.org/notices/44120003
- August 26, 2024
- RadiantVista Labs
- https://earntry.com/bonuses/deriv-review/
- https://www.daytrading.com/deriv-com
Evidence Box
Evidence and relevant screenshots related to our investigation
Targeted Content and Red Flags
About the Author
The author is affiliated with TU Dresden and analyzes public databases such as Lumen Database and
FakeDMCA.com to identify and expose online censorship. In his personal capacity, he and his
team have been actively investigating and reporting on organized crime related
to fraudulent copyright takedown schemes.
Additionally, his team provides
advisory services to major law firms and is frequently consulted on matters
pertaining to intellectual property law.
He can be reached at [email protected] directly.
Escalate This Case
Learn All About Fake Copyright Takedown Scam
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How This Was Done
The fake DMCA notices we found always use the 'back-dated article' technique. With this technique, the wrongful notice sender (or copier) creates a copy of a 'true original' article and back-dates it, creating a 'fake original' article (a copy of the true original) that, at first glance, appears to have been published before the true original
What Happens Next?
Based on the feedback, information, and requests received from all relevant parties, our team will formally notify the affected party of the alleged infringement. Following a thorough review, we will submit a counter-notice to reinstate any link that has been removed by Google, in accordance with applicable legal provisions. Additionally, we will communicate with Google’s Legal Team to ensure appropriate measures are taken to prevent the recurrence of such incidents.
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Average Ratings
2.5
Based on 4 ratings
by: Amelia Taylor
The customer service is non existent, took days for them to respond to my query. Not reliable at all..Trading with Deriv was one of my worst financial decisions. Their marketing made it look easy, but everything is stacked against you....
by: Samuel Perez
Promised high returns..Its a SCAM !!!
by: Jack Carter
The customer service is terrible, they never respond on time.
by: Scarlett Lee
They make everything look good in ads but you end up with hidden fees and losses.I tried trading with Deriv and it was a nightmare. Their fees are high, and it’s super confusing. I’m never going back to them again!