Gawaw.com has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Yocex.com. We’ve received over 6 complaints against Gawaw.com.
Gawaw.com, which claimed to be a cryptocurrency trading site, got people to sign up by offering a fake Bitcoin giveaway that was said to be backed by a famous person. By offering free Bitcoin to people who used a special code, the site got people to deposit money to “activate” their accounts, which is a common way to scam people. The money was gone for good after the deposit was made. This scam shows how dangerous investment sites that aren’t regulated can be.
Get Your Money Back From These Scammers!
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Key Takeaways
Is Gawaw.com Regulated? Do They Have a License?
Gawaw.com seems to be a place to trade cryptocurrencies. It has, however, been involved in a clever scam operation instead of helping people trade legally. The site became famous for advertising a fake Bitcoin giveaway backed by a famous person.
People who were interested in using the service were told they could get free Bitcoin by signing up and adding a promotional code. Behind this tempting offer was a bad plan.
The scam started when people signed up on Gawaw.com and entered what they thought was a special code to get their free Bitcoin. When these users tried to get their new money, the scam turned more dangerous. At this point, they were told to make a deposit to “activate” their ability to receive money.
This is a common trick used in many online scams. It’s not a surprise that once the deposit was made, the money and any claimed winnings were taken by the people who run Gawaw.com and can’t be recovered.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Gawaw.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 Gawaw.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 Gawaw.com
Other than its marketing papers, the platform did not have a credible online presence or documentation.Scammers often use too-good-to-be-true offers like “free Bitcoin just for entering a promo code.”The site was run in secret and gave its users no real way to get in touch with the owners.
The name for Gawaw.com was just registered and looked like it would be quickly abandoned, which is a common way to avoid getting caught and facing legal consequences.
The way Gawaw.com works shows a dangerous trend in the bitcoin market. Scams like these take advantage of people’s trust and belief in well-known public figures to steal from people who don’t know what’s going on. They also hurt the crypto industry’s image. This case is a very important reminder of how important it is to do your research and be wary of deals that seem too good to be true.
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.
Gawaw.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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Gawaw.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 Gawaw.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 Gawaw.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 Gawaw.com, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Gawaw.com enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Gawaw.com reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Gawaw.com.
You should always look out for consumer complaints. In the case of Gawaw.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 Gawaw.com? You can share your complaint in the comment section or submit an anonymous tip.
Is Gawaw.com Legit Or a Scam?
Gawaw.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 Gawaw.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 Gawaw.com?
The website Gawaw.com is a clear example of how dangerous cryptocurrency can be. It shows how important it is to raise knowledge and keep an eye on things by the government to protect consumers.
People who want to invest should make sure that trading sites are real and stay away from offers that say they can make a lot of money with little or no risk. Being careful is very important in this digital age, where the joy of new technology can cloud your judgment.
Case study of Gawaw.com not only shows the specific tricks crypto scammers use, but it also serves as a warning for everyone in the digital market to stay alert and get the facts.
All the evidence suggests that Gawaw.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 Gawaw.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. 
