Feenox.com advertises itself as one of the “#1 decentralized crypto gaming platform” founded by famous billionaires such as Elon Musk, or Bill Gates. It tries to attract customers by offering huge bonus offers for signups of up to $10,000 worth of crypto by registering and utilizing promotional codes. However, customers quickly discover that they are unable to withdraw their winnings as Feenox.com requires an additional deposit to be made before they can use it as an withdrawal fee. This article will give you an in-depth explanation of the way that the Feenox.com scam works, so you are not a victim.
What is Feenox.com?
Is feenox.com secure? It’s unlikely. Gridinsoft Anti-malware blocks feenox.com since it was classified as a scam site. The domain was registered two months ago by Web Commerce Communications Limited. Web Commerce Communications Limited dba WebNic.cc and the owner is not known.
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Scam Overview
From the first look, Feenox.com appears to be an exciting and legitimate cryptocurrency gambling website. The sleek and professional website is brimming with promises of huge pay-outs, lucrative sign-up bonus as well as popular games such as slots or plinko, as well as crash. With claims that the site was made by billionaires of fame The site could appear trustworthy to novices in the crypto space.
But, a deeper examination shows Feenox.com has a number of red flags that ought to be alarming:
Fake Celebrity Endorsements
A typical scam technique is to name-drop famous entrepreneurs such as Elon Musk, or athletes like Cristiano Ronaldo as having been involved in the project. Feenox.com is a source of doubtful claims in various locations that it was created by a variety of high-profile billionaires. However, there is no evidence to suggest that any of them have actually supported or are connected to the website at all.
Inflated User Statistics
Feenox.com has impressively high numbers in the categories of “Total Players Online” and “Total Registered Players” to indicate that it is a well-known and active gambling website. However, these statistics are probably fabricated by automated systems and fraudulent accounts in order to fool real players. True platforms show less user growth.
No Verification Requirements
In contrast to online casinos that are regulated, Feenox.com is not required to perform verification of identity when customers sign up accounts. This lets the operator remain anonymous, which is a distinct indication of a fraudulent operation. A strict know-your-customer (KYC) processes are crucial to ensure that crypto gambling is legal.
Withdrawals Conditioned on Deposits
The most clever strategy employed by Feenox.com is that it requires additional deposits before users are able to withdraw winnings. This can be used as a withdrawal fee, while avoiding gambling regulations, allowing for the site to make money from the losses of its victims. Secure platforms will never limit withdrawals from accounts in this way.
Zero Transparency
There is nowhere on the website that Feenox.com offer any documents regarding its owners, locations licensing, regulatory approvals, or any responsible gambling guidelines. The absence of transparency regarding its financial and operational operations is a clear indication that the users are unable to trust or verify anything on the platform.
Too Good to Be True Bonuses
Feenox.com offers aggressive promotions on social media, offering incentives of $2,000-$10,000plus in crypto when you sign up. The astronomically large bonus offers that don’t require any real deposits should serve as a signal that something is not right. A sustainable company cannot afford to offer this much money for nothing.
Phony Games
Although Feenox.com appears to provide many popular crypto-gaming games but they’re designed to attract players instead of providing an enjoyable gaming experience. The games allow “risk-free” play with the bonuses to sign up and create trust before the withdrawal restrictions are enforced.
If they can recognize these warning signs, crypto players will be able to stay away from being a victim of scams such as Feenox.com. According to the old saying, “If it seems too good to be true, it probably is.” Make sure to conduct a thorough investigation into any brand new gambling website before putting down any amount of cryptocurrency.
How the Scam Works
Feenox.com’s operators Feenox.com have created a unique multi-step fraud designed to deprive customers of their funds:
1. Get Users to sign up with promo offers
It is the first thing to do. to attract players to the site by offering attractive promotional offers, like bonuses of up to $10,000 in cryptocurrency by signing up making use of the promo coupon. These promotions are widely advertised on social media websites such as Facebook, YouTube, TikTok and Instagram which target users who aren’t familiar with the more reliable crypto gambling websites.
2. Let Users Play Games Risk-Free
After users sign up after which they’re amazed by the massive bonus balances that are in their accounts. Feenox.com allows users to play the most popular casino games that are crypto-based, such as Crash, Slots, Dice and Plinko without risk, as they’re playing with bonus funds instead of their own funds. This creates the illusion that winnings are feasible, even though bonuses can’t be taken out (which will be revealed in the future).
3. Slowly Reveal Withdrawal Restrictions
When a player is inevitably trying to withdraw a portion of their winnings from Bonus money, Feenox.com does not immediately inform them that withdrawals aren’t possible. Instead, they say that the player must “verify their account” before making withdrawals. This suggests that withdrawals can be made when you have completed additional steps.
4. Require Additional Deposits to “Verify” Accounts
This is at the root of the fraud. When players attempt withdrawal winnings Feenox.com helpdesk representatives claim that their account needs to first be “verified” first. It is convenient, as the verification process requires a second deposit of between $100 and $500 to be completed.
In the hopes that they’ve followed a typical process of verification, accept the demand for deposits. After completing the payment, Feenox.com will come up with new excuses for why the withdrawal can’t be completed, requiring additional hoops to be jumped through.
5. Stonewall Users are defended with excuses
However, even after placing hundreds of dollars into “verification”, users report that Feenox.com support is always back with additional withdrawal requirements or excuses. It could be as simple as:
You must complete the additional KYC steps
Redrawals can be delayed due to technical problems
Users are required to deposit additional funds in order to “unlock” withdrawals
This delay provides Feenox.com time to stop shutting down user accounts and even ghosts and ultimately take the site offline when enough deposit deposits of new users have been accumulated.
How can I remove Feenox.com?
Gridinsoft can block feenox.com domain without needing additional user intervention.
Begin with downloading Gridinsoft Anti-Malware onto your computer.
Double-click the gsam-en-install.exe file and follow the on-screen directions to install the application.
After it is installed, Gridinsoft Anti-Malware is completed it will launch in the Scan screen.
Select”Standard Scan. “Standard Scan” button.
Once the scanning process has completed, click “Clean Now” to remove any threats that are detected.
If you are prompted to restart your system in order to finish your removal.
Are You the Owner of Feenox.com?
If you are the owner of Feenox.com We’d love to get in touch with you. If you’d like us to reconsider the trust score us, we’ll gladly examine the situation. You can write to us legal(at)gridinsoft.com. But, be sure to show proof of the legitimacy of your business. You must introduce yourself using your full name.
Frequently Asked Questions
1. What is Feenox.com?
Feenox.com claims to be an uncentralized cryptocurrency gambling platform developed by famous billionaires. But it’s actually an unregulated, scam website that is designed to steal user funds. It lures people by promising huge welcome bonuses in crypto which are not refundable.
2. What is the Feenox.com scam function?
The website attracts players with huge crypto sign-up bonuses that range from to $10,000. Players can play games for free using the bonus funds initially. When they attempt to withdraw winnings Feenox.com support demands that users pay with their own crypto and claim it’s for “account verification”. After this transaction there are additional obstacles for withdrawing funds, or the website disappears.
3. What games do Feenox.com provide?
The games offered comprise Crash, Dice, Slots, Plinko, Mines, Tower and Coinflip. These games are played normal when you play with the bonus offer, however, winnings cannot be removed. These games are just an attempt to give credibility to the scam.
4. Does Feenox.com pay the winnings?
The answer is no, Feenox.com does not pay out any legitimate withdrawals to its users. The website is constantly coming up with reasons for why withdrawals can’t be accepted, even if you deposit hundreds of dollars in crypto for “verification”. The victims will never be able to recover money or winnings.
5. What does Feenox.com make an announcement about the fraud?
Promoting ads for Feenox.com appear on various social media platforms such as Facebook, Instagram, YouTube as well as TikTok. They highlight huge bonus crypto signup offers and also feature fake endorsements by celebrities such as Elon Musk and Cristiano Ronaldo. Users who aren’t aware of the scam are tricked to believe that the website is genuine.
6. Do you know of any Feenox.com victims’ reports?
Many people have told stories on the internet about depositing hundreds of cryptocurrency per Feenox.com support’s request for withdrawals, but not receiving the funds. Support is unable to respond or eventually, they will disappear from the scene. The site does not intend to make withdrawals.
7. Is Feenox.com licensed or regulated?
It’s not true, Feenox.com appears completely unregulated and not licensed. There is no evidence of the owners, locations or status as a regulatory entity. The lack of transparency an indication that it’s a scam.
8. How can I stay away from this Feenox.com scam?
Make sure you only use licensed, established crypto casinos that have lengthy operating history. Explore any new casino carefully prior to signing up. Be wary of huge crypto bonuses that require deposits to cash out winnings. If the offer appears too appealing to be true, chances are it usually is.
The Bottom Line
Sites such as Feenox.com illustrate the importance of caution when it comes to gambling online, particularly when promotions or cryptos are involved. If an offer sounds too promising to be real It’s probably. Be sure to research any new gaming platform thoroughly before you make a decision instead of relying on assertions of affiliation with famous people such as Elon Musk.
The gambling with cryptocurrency comes with many advantages, but there are risk if you use unregulated, anonym sites that operate from overseas and with no accountability. Make sure you use licensed, established casinos with an established track record of fair play and are actually paying winnings. Don’t be a skeptic about a casino which requires additional payments to get access to your current balance on your account or to access winnings.
If you take the proper precautions by taking common sense precautions, you can reap the benefits of gambling with crypto without risk. Be on guard for scams such as Feenox.com that are designed to swindle unsuspecting customers. Be wary of websites offering something for free Do your research first and don’t let ego outweigh good judgment.