Sosbex.com has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to VegDEX. We’ve received over 4 complaints against Sosbex.com.
Sosbex.com is a deceitful bitcoin trading platform that is vigorously promoted via intricate social media scams. Deepfake videos featuring prominent figures such as Elon Musk and Cristiano Ronaldo are employed to entice users to invest by promising them complimentary cryptocurrency rewards that can be obtained by entering special promotional codes. Sosbex is unquestionably a fraudulent scheme that preys on unsuspecting individuals, as evidenced by its lack of a verifiable online presence, unrealistic promotional offers, and suspicious operational practices such as requiring initial Bitcoin deposits and utilizing a recently registered, soon-to-be-abandoned domain.
Get Your Money Back From These Scammers!
[mychargeback-form]
Key Takeaways
Is Sosbex.com Regulated? Do They Have a License?
Sosbex.com has emerged as a bogus bitcoin trading platform that was aggressively pushed via a complex scam on social media channels. This scam involves the use of deepfake technology to generate films of celebrities such as Cristiano Ronaldo and Elon Musk.
These videos deceptively attract followers to deposit Bitcoin onto the site by promising free cryptocurrency rewards that are reportedly unlocked by special promotional codes. Sosbex, on the other hand, exists solely to defraud naïve victims who are drawn in by these bogus endorsements and bonuses.
The Sosbex.com fraud notably features deepfake videos of notable individuals, such as celebrities falsely endorsing the platform with promises of free Bitcoin via YouTube promo codes, all without authorization or consent, to provide false legitimacy to the enterprise.
Furthermore, Sosbex lacks a verifiable online presence; aside from the misleading videos, there is no legitimate business documentation, physical address, or reliable contact information, with only a basic contact form available, making the entity nearly impossible to trace or verify.
The company makes unrealistic promotional offers of extremely generous Bitcoin prizes, which are a hallmark of scams, with no indication that any incentives have been distributed.
Compounding the platform’s dubious nature are its operational tactics, which include requiring users to make an initial Bitcoin deposit to activate accounts—a practice not seen in reputable trading platforms—and the use of a recently registered domain name that is likely to be quickly abandoned, a common strategy used by fraudulent schemes to avoid detection and legal consequences.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Sosbex.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 Sosbex.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 Sosbex.com
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.
Sosbex.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.
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.
Sosbex.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 Sosbex.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 Sosbex.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 Sosbex.com, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Sosbex.com enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Sosbex.com reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Sosbex.com.
You should always look out for consumer complaints. In the case of Sosbex.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 Sosbex.com? You can share your complaint in the comment section or submit an anonymous tip.
Is Sosbex.com Legit Or a Scam?
The Sosbex.com platform is a classic example of a cryptocurrency scam. It uses sophisticated tricks to trick people into giving them their money, like unauthorized deepfake videos of celebrities, fake company transparency, and promotional deals that sound too good to be true.
Along with the fact that the platform doesn’t have a real online presence and requires upfront Bitcoin payments and a temporary domain, these are big red flags that the platform is likely fraudulent.
Before investing in any cryptocurrency platform, people who want to should be very careful and do a lot of research, especially those that use aggressive marketing and offer huge returns with little to no risk. People can avoid falling for similar scams by familiarizing themselves with common scam techniques and being aware of these warning signs.
Sosbex.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 Sosbex.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 Sosbex.com?
All the evidence suggests that Sosbex.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 Sosbex.com a scam?
Can I withdraw money from Sosbex.com?
Where is Sosbex.com Located?
How do I get my money back from Sosbex.com?
How The Sosbex.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. 
