Sluwex has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to LumiVitae. We’ve received over 3 complaints against Sluwex.
Sluwex.com is a scam website that trades cryptocurrencies and uses deepfake videos of famous people to trick people into giving them their money. Scammers trick followers into putting Bitcoin on a phony site by offering free cryptocurrency prizes with unique promo codes. Scammers keep using the same video themes and site designs, as well as new domains, even after police shut down Sluwex.com and similar sites. Victims continue to fall for the same old deceitful tactics, such as unrealistically high incentives and misleading endorsements from famous people.
Get Your Money Back From These Scammers!
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Key Takeaways
Is Sluwex Regulated? Do They Have a License?
The cryptocurrency trading platform known as Sluwex is a bogus one that is being pushed on social media platforms via an elaborate fake. Fans are tricked into depositing Bitcoin on a false website by con artists who use deepfake videos of superstars such as Cristiano Ronaldo and Elon Musk.
They promise free cryptocurrency gifts that may be unlocked by specific promo codes. Sluwex, on the other hand, is exclusively in existence to steal money from victims who are enticed by fraudulent celebrity endorsements and incentives that seem unrealistically generous.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Sluwex 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 Sluwex, 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 Sluwex
A sum of about 0.31 BTC is loaded to the Sluwex dashboard of victims who use these codes after enrolling at Sluwex. Despite this, a notification appears when users seek to withdraw the monies, stating that to “activate” the withdrawal capabilities, they must first make a minimum deposit of 0.005 BTC.
By requiring customers to make a deposit, con artists can deceive consumers who are not paying attention to transferring genuine Bitcoin payments, which they then quickly steal. There is no such thing as the Sluwex platform, nor is there any celebrity cryptocurrency giveaway!
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.
Sluwex 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 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.
If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.
Sluwex 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 Sluwex 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 Sluwex 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 detailed information about their experience with the firm.
In the case of Sluwex, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Sluwex enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Sluwex reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Sluwex.
You should always look out for consumer complaints. In the case of Sluwex, 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 Sluwex? You can share your complaint in the comment section or submit an anonymous tip.
Is Sluwex Legit Or Scam?
Sluwex 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 Sluwex can run away with your money without any prior notice. It would be best 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 Sluwex?
All the evidence suggests that Sluwex 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.
After being produced, the fraudulent videos were disseminated throughout various social media platforms such as YouTube, Facebook, Instagram, and TikTok by using two primary distribution strategies:
Users who are interested in trading and investing in cryptocurrencies are the target audience for paid video advertisements.
Frequently Asked Questions
Is Sluwex a scam?
Can I withdraw money from Sluwex?
Where is Sluwex Located?
How do I get my money back from Sluwex?
How The Sluwex 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. 
