Canowex.com: fake crypto casino demands 'verification' deposits before withdrawals
MalwareTips says Canowex.com poses as a crypto casino offering huge sign-up bonuses, then demands "verification" deposits before anyone can withdraw.
- First reported
- Reports
- 1
Source: malwaretips.com · published
What happened
MalwareTips published an investigation on October 13, 2026 identifying Canowex.com as a scam crypto gambling site. (An earlier version of this report described it as a shopping site; the source describes a fake crypto casino.)
MalwareTips found the domain was registered on October 10, 2026, only two days before its check. The site calls itself a decentralised, "provably fair" crypto casino and promotes itself as though celebrities such as Elon Musk and MrBeast support it; MalwareTips found no credible evidence connecting any of them to the site.
How the scam works
The hook is "free" cryptocurrency, sometimes shown as up to $10,000, unlocked by registering and entering a promo code. Promo codes are pushed through short videos, sponsored Facebook posts, Instagram stories and chat groups.
The site displays live-looking feeds of players online, big wins and recent cashouts. MalwareTips says figures like these are routinely invented by scripts.
Signing up is easy. The trap comes at withdrawal: users are told to make another deposit, often $100 to $500, described as an account verification deposit, activation fee, network fee or wallet validation. MalwareTips says victims who paid faced further demands and did not receive funds. Legitimate platforms deduct disclosed fees from a withdrawal rather than demanding a new deposit.
Source
MalwareTips investigation of Canowex.com (October 13, 2026).
Red flags
- Large bonuses for simply signing up and entering a promo code.
- Celebrity endorsements you cannot verify on the celebrity's own channels.
- Any requirement to deposit more money before you can withdraw a balance.
- No named operator, gambling licence or jurisdiction on the site.
If you were targeted
- 1Do not deposit, and do not pay any "verification" or "activation" fee to unlock a withdrawal.
- 2If you sent crypto, record the wallet addresses and transaction IDs and report them to the exchange you sent from.
- 3Report the site to the FBI at ic3.gov and the FTC at ReportFraud.ftc.gov.
- 4Be wary of anyone who later offers to recover your money for a fee; that is a common follow-up scam.