Spacewong.com has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Kopraex. We’ve received over 4 complaints against Spacewong.com.
Spacewong.com is a fraudulent cryptocurrency site using fake celebrity endorsements and deep fake technology to lure users with promises of free cryptocurrency and high investment returns. Promoted on social media, the site tricks users into depositing funds they can’t withdraw. Operating without regulation or transparency, it repeatedly scams victims before disappearing with their money.
Get Your Money Back From These Scammers!
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Key Takeaways
Is Spacewong.com Regulated? Do They Have a License?
Spacewong.com has been flagged as a fake cryptocurrency site by several sources. The website fraudulently offers free cryptocurrency giveaways and spectacular investment returns, luring users in with fake celebrity endorsements and other deceptive tactics.
Spacewong.com appears to be a legitimate cryptocurrency trading platform, but it is actually a cunning scam. The site employs deep fakes and stolen media to create endorsements from well-known figures.
The scam starts with relentless promotions on social media networks like TikTok, Facebook, and Instagram. These marketing include phony celebrity endorsements, which are created using deep fake technology to produce convincing films and photos.
The commercials say that these celebrities are supporting a new cryptocurrency project called Spacewong, and they offer free Bitcoin prizes and guaranteed rewards to persuade users to sign up.
Victims are directed to the Spacewong website, where they can register and provide personal information. They are also given codes to redeem alleged cryptocurrency presents. To receive these “gifts,” consumers must first make a cryptocurrency deposit. Once the deposit is made, users are unable to withdraw their monies.
After the initial deposit, Spacewong prevents any subsequent efforts to withdraw cash. The platform may request further payments under a variety of pretexts, such as unlocking the account or processing fees. This cycle continues until the scammers decide to vanish, leaving victims unable to retrieve their funds.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Spacewong.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 Spacewong.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 Spacewong.com
Spacewong.com operates anonymously, with no publicly available owners, company information, or verifiable proof. Lack of transparency is a prevalent characteristic of scam operations.
Fake endorsements
Celebrity endorsements are completely created using AI deepfakes and altered media. There is no genuine connection between these public individuals and Spacewong.
The website’s appearance and components are quite similar to those found on previously recognized scam websites. This closeness shows that the same scammers may be operating various fraudulent platforms.
High-Risk Investment Promises.
Spacewong advertises exceptionally large returns on investment, which is a frequent approach employed by scammers to entice victims. Legitimate investment platforms do not guarantee such large returns.
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.
Spacewong.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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Spacewong.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 Spacewong.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 Spacewong.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 Spacewong.com, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Spacewong.com enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Spacewong.com reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Spacewong.com.
You should always look out for consumer complaints. In the case of Spacewong.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 Spacewong.com? You can share your complaint in the comment section or submit an anonymous tip.
Is Spacewong.com Legit Or a Scam?
Spacewong.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 Spacewong.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 Spacewong.com?
Spacewong.com is a well-executed scam that targets those wishing to invest in bitcoin. Spacewong’s scammers trick users into depositing monies they can never withdraw by utilizing phony endorsements, high-pressure techniques, and promises of free cryptocurrency. To prevent falling victim to such frauds, exercise cautious and conduct comprehensive research on any online investment options.
All the evidence suggests that Spacewong.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 Spacewong.com a scam?
Can I withdraw money from Spacewong.com?
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How do I get my money back from Spacewong.com?
How The Spacewong.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. 
