Is fawbit.com A Scam? (Learn What’s Real Before You Invest!)

Is fawbit.com a scam? The answer is clear: Yes, fawbit.com is a scam. 

Despite its claims of being a fully regulated and licensed AML/CTF-compliant Dual Gateway Exchange Platform in Singapore, there are several red flags that suggest otherwise. 

This platform, which promises seamless buying, selling, and trading of cryptocurrencies, might not be what it seems.

Compelling Reasons Why fawbit.com is a scam

Diving deep into the world of online crypto platforms, it’s essential to separate the genuine from the fraudulent. 

Fawbit.com, with its polished facade, might seem legitimate, but a closer look reveals concerning signs that can’t be ignored.

1. Copied Content

A screenshot of the home page of fawbit.com

In the digital age, originality is a hallmark of authenticity. However, fawbit.com seems to lack this crucial element. 

A screenshot of the home page of astrone.io

A meticulous examination of their platform reveals striking similarities in terms of images and content with other questionable crypto trading platforms including.

  • astrone.io
  • jaxis.com
  • solutions1313.io
  • common.uunse.com
  • nokofaucet.com
  • obiex.co
  • haeterbit.com– dpo@haeterbit.com
  • quaers.com- dpo@quaers.com
  • dpo@pamotex.com
  • pamotex.com- toxper.com
  • rzorex.com
  • pegotex.com
  • gatefinex.com 
  • chonwei.com
  • crbtanzania.com
  • resxbit.com  

This isn’t just about a shared theme or design; it’s about specific content pieces, product descriptions, and even user testimonials that appear replicated. 

Such blatant content duplication not only questions their authenticity but also their commitment to providing unique value to their users. 

If a platform can’t invest in creating original content, can they be trusted with your investments?

2. Misleading Claim

A screenshot of the about us page content of fawbit.com

A website’s domain age can often be a telltale sign of its legitimacy. Fawbit.com claims to have been established in June 2018

A screenshot of the domain information of fawbit.com in whois.com

However, a quick check on whois.com paints a different picture. The domain was freshly minted on October 14, 2023

This discrepancy is alarming, why?

In the digital world, trust is built over time. Scammers often set up sites, lure people in, and then vanish, only to reappear under a new guise. 

Fawbit.com’s recent registration, juxtaposed against its claims, is a red flag that investors should not ignore.

3. Red Flags from External Sources

A screenshot that shows scamwatcher.com flagged fawbit.com as an investment scam

External validation can often be a test for a website’s credibility. 

While fawbit.com conveniently lacks any customer reviews, trusted platforms like scamwatcher.com have been vocal about their skepticism. 

Fawbit.com has been flagged as an investment scam on the platform. 

Such external validation, especially from reputed sources, cannot be taken lightly. It’s a clear indication that all might not be well in the world of fawbit.com.

4. Dubious Founder

A screenshot that shows they have been founded by Hank Weizen

Behind every website is a founder. In the case of fawbit.com, it’s Hank Weizen

A deeper dive into Hank Weizen’s history reveals a pattern that’s hard to ignore. He’s been linked to a string of questionable sites.

A screenshot of the list of scam sites that was founded by Hank Weizen

Here is the list of scam sites that Hank Weizen founded as per scamwatcher.com:

  • pacorex.com
  • pezorex.com
  • uplexo.com
  • defincoin.com
  • bittexer.com
  • cryptonexty.com
  • fintradox.com- walterharer2161@gmail.com
  • uplexo.com
  • huntexer.com
  • bitxhide.com
  • bitcotlex.com
  • airdorpsbit.com
  • barexer.com
  • bufetex.com
  • bitostaz.com- +256781835815
  • gelemex.com
  • bitrarex.com
  • eleonexgive.com
  • onbitx.com

Each of these sites has had its fair share of controversies, with many of them being flagged for fraudulent activities. 

Hank’s association with such platforms casts a long shadow over fawbit.com. It’s hard to trust a platform when its founder has such a checkered past.

The Conclusion

So, is fawbit.com a scam? Without a doubt, it is. With its misleading claims, copied content, and a founder with a dubious track record, it’s clear that fawbit.com is a platform that investors should steer clear no matter what. 

Remember, in the vast world of online investments, it’s better to be safe than sorry. Knowledge is your best defense against scams. 

Stay informed, stay safe.

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Disclaimer: The information provided in this article is based on our research and analysis. However, we are not liable for any inaccuracies or errors, and readers are encouraged to conduct their own investigations. If you have concerns about the legitimacy of a website, feel free to reach out to us via our contact form to initiate a discussion.

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