Pexcc is one of dozens of virtually identical scam crypto sites that could well have been churned out of the same factory.
The method of operation is no different either – unsuspecting investors are contacted via social media, befriended then urged to convert cash to crypto before investing in the platform.
They’re promised huge rewards in a short space of time and encouraged to add increasingly large sums of money after being shown fake profits.
However, when a victim tries to withdraw their original investment or ‘profits’ they’re told they need to pay a commission, administrative fee or tax in order to do so.
If they pay one fee, further demands will follow until the victim is either left without funds or refuses to carry on paying.
What makes Pexcc a scam crypto platform?
The site itself is a simplistic cookie cutter affair which will probably only be active for a few months before disappearing.
It lacks any information about the functionality, company or even the team behind it which you would expect from a legitimate financial platform, thus revealing itself for what it actually is.
As the scammers know the site will be shut down relatively quickly, they haven’t bothered to set up any social media platforms or anything else that would legitimise the site.
There is no doubt that this is a fake crypto platform that should be avoided. Do not send any money and ignore anyone who tries to get you to invest.
I’ve lost money to Pexcc – can I get it back?
It’s unlikely you’ll be able to recover your funds from Pexcc, but if you’ve been scammed should always report it to the authorities.
There are private companies that might be able to help you track down your missing cash or crypto that I’ve written about here.
Have you had any experience with this platform? Kindly share your thoughts in the comment section to help others stay informed and safe.