Hupdex.com has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Sosbex.com. We’ve received over 4 complaints against Hupdex.com.
Hupdex.com has garnered prominence as a supposedly bogus cryptocurrency trading platform. It has been described as a sophisticated scam, with accusations that it is a false platform that steals Bitcoin through deceitful celebrity endorsements and deepfake videos rather than conducting real transactions. The site purportedly targets crypto investors with frauds such as phony ICOs and phishing, while operating without the proper regulatory licenses, making it potentially unlawful and untrustworthy.
Get Your Money Back From These Scammers!
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Key Takeaways
Is Hupdex.com Regulated? Do They Have a License?
There has been a lot of attention on Hupdex.com because it is said to be a fake site for trading cryptocurrencies. Several sources have put light on how it works and described it as a sophisticated scam.
One of the claims against Hupdex.com is that it is a fake platform that doesn’t really do any trade or transactions. Reports say its main goal is to collect and steal Bitcoin deposits from people who fall for fake star endorsement videos.
The platform is said to use a number of dishonest methods in the cryptocurrency industry to target people who want to trade in cryptocurrencies. Some of the scams that have been recorded are fake initial coin offerings (ICOs), pyramid schemes, and phishing.
Hupdex.com is said to use deepfake videos of famous people like Cristiano Ronaldo and Elon Musk to get fans to deposit Bitcoin by saying they will give away free cryptocurrency with special promo codes. These ads, on the other hand, are completely fake.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Hupdex.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 Hupdex.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?
Concerning Issues Present at Hupdex.com
Hupdex is commonly regarded as a scam due to multiple red flags: it lacks a legitimate web presence beyond promotional videos, offers unconfirmed free bitcoin incentives, and uses celebrity photos without permission. Furthermore, it demands an initial bitcoin deposit to activate accounts, which is not found on regulated platforms.
Additionally, the Hupdex domain was newly registered and is expected to be abandoned soon, indicating fraudulent activity. The lack of authentic contact information and implausibly rich offerings add to its questionable nature.
Hupdex.com has put in place some security measures, but they are not very strong. Users are being told to be more careful and follow better security procedures.
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.
Hupdex.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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Hupdex.com Reviews: What Do Others Say?
People who may have been victims of Hupdex.com or who have used the service are told to tell the right people about their experiences and take steps to protect their banking information.
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 Hupdex.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 Hupdex.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 Hupdex.com, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Hupdex.com enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Hupdex.com reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Hupdex.com.
You should always look out for consumer complaints. In the case of Hupdex.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 Hupdex.com? You can share your complaint in the comment section or submit an anonymous tip.
Is Hupdex.com Legit Or a Scam?
Hupdex.com is involved in a lot of problems that make people question its reliability. Even though there has been some good feedback, most cybersecurity and scam detection experts strongly advise being careful. It is suggested that people who want to use Hupdex.com or similar sites do a lot of study and be very careful.
Hupdex.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 Hupdex.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 Hupdex.com?
All the evidence suggests that Hupdex.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
Is Hupdex.com a scam?
Can I withdraw money from Hupdex.com?
Where is Hupdex.com Located?
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How The Hupdex.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. 
