Deniable authentication allows Alice to authenticate a message to Bob, while retaining deniability towards third parties. In particular, not even Bob can convince a third party that Alice authenticated that message. Clearly, in this setting Bob should not be considered trustworthy. Furthermore, deniable authentication is necessary for deniable key exchange, as explicitly desired by Signal and off-the-record (OTR) messaging. In this work we focus on (publicly verifiable) designated verifier signatures (DVS), which are a widely used primitive to achieve deniable authentication. We propose a definition of deniability against malicious verifiers for DVS. We give a construction that achieves this notion in the random oracle (RO) model. Moreover, we show that our notion is not achievable in the standard model with a concrete attack; thereby giving a non-contrived example of the RO heuristic failing. All previous protocols that claim to achieve deniable authentication against malicious verifiers (like Signal’s initial handshake protocols \(\textsf{X3DH}\) and \(\textsf{PQXDH}\) ) rely on the Extended Knowledge of Diffie–Hellman (EKDH) assumption. We show that this assumption is broken and that these protocols do not achieve deniability against malicious verifiers.