Wamdex.com is a crypto trading site where people can trade cryptocurrencies. However, it’s not trustworthy. The site encourages users to use promo codes, promising big profits on their investments, but these promises are deceptive.
Wamdex.com Crypto Scam
The ads on Facebook promote Wamdex.com as a legit and safe crypto trading website. The goal is to trick you into investing and paying fees while controlling the funds and preventing you from accessing your money.
What You Need To Be Aware Of Before Investing
Newly Registered website
Wamdex.com is barely a year old and was registered on 14th of August 2024. It’s set to expire 14th August 2025. This is very typical of scam websites.
Too good to be true deals
Wamdex.com offers attractive deals like “high rewards through affiliate programs and using promo codes but these offers could trick people into investing without fully realizing the risks involved.
Absence From Social Media
A real cryptocurrency exchange should be active on social media, like Facebook, so users can share complaints and get updates. If they’re not, it’s harder to trust them.
What To Do If You Fell For The Wamdex.com Scam
Cancel your credit card
Immediately call your financial provider and cancel your credit card. By so doing, the credit card details you used for your transaction would become null and void.
Request for a new card
After the old credit card has been canceled, ask for a new card, it doesn’t cost much to get one. Your credit card issuer will issue you a new one with different numbers.
Report the Fraud To Relevant Authorities
Report the scam to relevant authorities and organizations. This includes:
- Better Business Bureau (BBB): File a complaint with the BBB if the online store is based in the United States.
- Internet Crime Complaint Center (IC3): If you are in the United States, you can file a complaint with the IC3 at https://www.ic3.gov/.
- Your Local Consumer Protection Agency: Contact your local consumer protection agency or the equivalent regulatory body in your country.
Also read: Oceanic Liquid Lab
Nora