4 Crypto Scams: Wixlars, Payspex, FinCompound & SpaceWong Exposed
Recently, 4 Crypto Scams websites have emerged, causing concerns about their legitimacy. In short, none of these websites can be trusted; they are scams intended to pilfer your cryptocurrency, finances, and sensitive information. For a detailed account, continue reading.
Table of Contents
4 Crypto Scams
Wixlars Scam & Payspex Scam
These two websites, like the others mentioned, are virtually identical. Take a look:
Surprisingly, Wixlars.com and Payspex.com are replicas of three previously exposed crypto scams. Similar to the earlier instances, it’s advisable to avoid both Wixlars.com and Payspex.com.
What is Wixlar?
Wixlar claims to be a Global Decentralized Digital Currency based on Blockchain Technology, touting itself as a solution for instant, secure, private, and low-fee transactions. Allegedly, Wixlar coins grant users the ability to buy and sell products or services online and offline. However, skepticism arises when examining the purported standout features.
Wixlar boldly asserts itself as the only digital currency offering more than 12 services to the public, individuals, and companies. Such claims warrant scrutiny as the scope and quality of these services remain ambiguous.
In conclusion, Wixlar’s grand claims demand critical examination. Prospective users should approach the platform with a discerning eye, seeking transparency and tangible evidence of the proclaimed benefits before entrusting their transactions and assets to this decentralized digital currency.
What is Payspex.com?
Payspex.com is a fraudulent cryptocurrency platform that promotes lucrative rewards if users sign up and deposit money. In the wild west world of cryptocurrency, promises of easy money abound, and many supposed opportunities are scams aimed at stealing funds and data.
Red Flag | Description |
Fake Celebrity Endorsements | Falsely claims sponsorship by Elon Musk, MrBeast or other celebs |
Anonymous Owners | Zero documentation on owners or company registration |
Referral Recruitment Scheme | Uses multi-level referrals to spread across social media |
Phishing for Personal Data | Seeks extensive personal info for “verification” but data is stolen |
No Withdrawal Ability | Deposits can be made but funds cannot be withdrawn, trapping victims |
Account Blocking | Users find accounts deactivated after depositing money |
Unrealistic Rewards | Promises massive free crypto payouts that are too good to be true |
Grammatical Errors | Website contains sloppy spelling and wording errors |
Overview of the Dubious Crypto Platform
Payspex.com serves as a cryptocurrency exchange and trading platform, enabling users to buy, sell, and invest in digital assets like Bitcoin.
However, its legitimacy is questionable due to various suspicious attributes:
- Utilizes celebrity names such as Elon Musk for likely false endorsements.
- Makes implausible claims of providing thousands in free crypto.
- Collects sensitive personal data under the guise of “verification” but likely misuses it.
- Restricts users from withdrawing deposited funds.
- Conceals company details and registration information.
Available information suggests that Payspex might be part of a larger interconnected cryptocurrency scam network operating out of China, aiming to defraud victims globally.
FinCompound Scam & SpaceWong Scam
Despite asserting a “privacy-first approach,” FinCompound.com and SpaceWong.com are fraudulent cryptocurrency platforms with malicious intent, aiming to mislead unsuspecting individuals. Examine the screenshots below to observe their striking resemblance, with only minor variations in color.
Avoid these two crypto platforms, as they are just as unreliable as the others mentioned earlier on the list.
Don’t Fall For the Fincompound.com
Fincompound.com operates as a deceptive cryptocurrency platform, engaging in an intricate scam. This unregulated offshore site misleadingly guarantees free Bitcoin and exceptional profits through fabricated endorsements from celebrities. However, the truth is that there are no complimentary cryptocurrencies or effortless gains; instead, funds sent by unsuspecting victims are outright stolen.
Fincompound exhibits multiple red flags that indicate fraud, including:
- No company details, addresses, or owners provided
- Fake celebrity endorsements using AI/deep fakes
- Requires deposits before withdrawing promised funds
- Blocks access to accounts after payments received
- Anonymous domain registration and foreign hosting
Spacewong.com
Spacewong.com operates as a deceptive cryptocurrency platform engaging in fraudulent activities. This unregulated offshore site employs a sophisticated scam, luring individuals with false promises of free Bitcoin and unrealistically high returns, often leveraging fake celebrity endorsements. Contrary to these claims, there are no actual free cryptocurrencies or effortless profits; instead, any funds sent by unsuspecting users are misappropriated.
Spacewong exhibits multiple red flags that indicate fraud, including:
- No company details, address, or owners provided
- Fake celebrity endorsements using AI/deep fakes
- Requires deposits before withdrawing promised funds
- Blocks access to accounts after payments received
- Anonymous domain registration and foreign hosting