Sypeks.com has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Starxgate. We’ve received over 4 complaints against Sypeks.com.
Sypeks.com has a very basic website with only promotional videos. It doesn’t have any real proof of how it works or any of the Bitcoin gifts it says it will offer. Using fake celebrity endorsements and requiring first Bitcoin deposits to open accounts are not in line with what real trading platforms do. The fact that it just recently registered its domain name suggests that it might only be there for a short time, which is common for scams.
Get Your Money Back From These Scammers!
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Key Takeaways
Is Sypeks.com Regulated? Do They Have a License?
The only thing that can be considered a visible web presence or documentation for Sypeks.com is the promotional films that it offers. It is not possible to verify the authenticity of the information that Sypeks.com provides. It is striking because no documentation can be verified of any previous distribution of free Bitcoin prizes before this point.
The celebrities whose likenesses are featured in the advertising material have not given their approval for the marketing, and their likenesses are being used without their permission. One of the most important warning signs is the need for an initial Bitcoin investment to activate an account. When it comes to licensed trading platforms, this is not how they function.
As a result of the recent registration of the Sypeks domain name, it is quite probable that it will be abandoned shortly. These kinds of actions are not compatible with the procedures that are followed by reputable firms.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Sypeks.com is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Sypeks.com, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at Sypeks.com
Those individuals who are deceived by this technique will find that about 0.31 BTC seems to be credited to their Sypeks dashboard once they have completed the registration process and entered particular codes associated with it.
On the other hand, when customers attempt to withdraw their monies, they are met with a notification that states that to “activate” withdrawal capabilities, they are required to make a minimum deposit of 0.005 BTC. The Sypeks platform and the cryptocurrency giveaway that was claimed to be backed by a celebrity are both bogus and non-existent products.
As a fraudulent trading front, the website serves the purpose of accumulating deposits into the wallets of those who are perpetrating the scam. After a significant amount of money has been accumulated, the website disappears, leaving victims without any way to retrieve their money.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
Sypeks.com Customer Service: Do They Handle Complaints Well?
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, customer support won’t resolve your issues and become increasingly unavailable.
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Sypeks.com Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like Sypeks.com tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust Sypeks.com reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Sypeks.com, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Sypeks.com enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Sypeks.com reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Sypeks.com.
You should always look out for consumer complaints. In the case of Sypeks.com, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Sypeks.com? You can share your complaint in the comment section or submit an anonymous tip.
Is Sypeks.com Legit Or a Scam?
Sypeks.com is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Sypeks.com can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Sypeks.com?
All the evidence suggests that Sypeks.com is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
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How The Sypeks.com Online Scam Works
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
