VegDEX Review: Scam Or Legit? | Recover Lost Funds

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Is VegDEX a scam? How to recover funds from VegDEX? Find the answers to all these questions and more in this guide.


VegDEX has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to We’ve received over 3 complaints against VegDEX.

The bogus cryptocurrency trading website VegDEX deceives investors with deepfake technology and phony endorsements. Absence of regulation indicates its invalidity. Due to its unregulated nature and con artists’ use of techniques like payment blocking, victims have difficulty getting their money back. When interacting with such beings, caution is essential.

Get Your Money Back From These Scammers!



Key Takeaways

VegDEX has lost investors thousands of dollars
VegDEX website owner is anonymous
Vague terms of service

Is VegDEX Regulated? Do They Have a License?

VegDEX is known to be a fake cryptocurrency trading site that uses deepfake technology and fake endorsements from famous people to trick people into falling for their scam. is a fake website that shows deepfake videos of famous people like Elon Musk and Cristiano Ronaldo. It is the main tool used in this scam. People are tricked into depositing Bitcoin with these videos, which give the impression of legitimacy and star support.

Vegdex Homepage

The lack of regulation or the presence of poor regulation is a huge red flag. It means VegDEX 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 VegDEX, 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?


Concerning Issues Present at VegDEX

The scam works by tempting people with the promise of free Bitcoin awards for signing up and using a certain coupon code. When participants try to cash out these claimed rewards, however, they are met with a rule that says they must first make a minimum deposit. Users don’t know it, but this deposit is being taken straight by thieves.


Notably, VegDEX doesn’t have any reliable information about the company, who owns it, or any governmental oversight. It is a fake, foreign business that can’t be found and only wants to scam its users

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.


VegDEX 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.

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VegDEX 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 VegDEX 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 VegDEX 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 VegDEX, chances are, you wouldn’t find many legitimate reviews.

Another prominent way scammers like VegDEX enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.

This way, when you’ll look up “VegDEX reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising VegDEX.

VegDEX reviews coverage

You should always look out for consumer complaints. In the case of VegDEX, 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 VegDEX? You can share your complaint in the comment section or submit an anonymous tip.


Is VegDEX Legit Or a Scam?

People who fall for this scam and put money have no way to get their money back. Scammers are very good at hiding what they’re doing and quickly running away with the money they stole. It’s clear that the VegDEX scam is part of a larger pattern of cryptocurrency fraud that makes use of famous endorsements and fake giveaways spread on social media.


To sum up, VegDEX is a clever and well-thought-out scam that has nothing to do with real business. It was created to take advantage of people who don’t know any better. People who want to invest or use this site should stay away from it at all costs to avoid losing money. 

VegDEX 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 VegDEX 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 VegDEX?

All the evidence suggests that VegDEX 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 VegDEX a scam?

According to the online reviews of this company, it’s highly probable that VegDEX is a scam. You should exercise caution when dealing with them.

Can I withdraw money from VegDEX?

Yes, you can withdraw your funds from VegDEX by getting in touch with one of our experts. Get your money back immediately.

Where is VegDEX Located?

There is no information available on the location of VegDEX.

How do I get my money back from VegDEXVegDEX?

To get your money back from VegDEX, you can file a chargeback. Learn more here.

How The VegDEX Online Scam Works

Launch a website/app with a generic name

A website or app with a generic name allows scammers to hide behind common Google search results. Marketing such names is easier as well.

Pay influencers & social media pages to promote the scheme

By getting influencers and social media pages to promote their brand, scammers make their shady company seem more legit than it actually is.

Send thousands of emails and make cold calls to potential victims

It’s common for scammers to buy the contact details of people and spam them through email, phone calls, social media messages and other means.

Make victims feel safe through “small wins”

Such small wins usually include a few payments transferred into the victim’s account. This makes them seem more legitimate.

Convince victims into investing large sums of money

Due to the small wins, the victim is now convinced that the company is legit. Now, the scammers try to manipulate the victim into giving them larger sums.

Disable withdrawals & take down the website/app

Once the scammers have recieved a signicant sum, they either stop responding or cite a technical error to freeze their victims’ funds.

Repeat the cycle

After making the money, the scam will shut down and the people running it will launch another and repeat the cycle.

Get Your Money Back Free consultation
If you’ve lost money with VegDEX, we can help you get your funds back. Schedule a free consultation with our team of experts and we will have a look.
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VegDEX Review: Scam Or Legit? | Recover Lost Funds
VegDEX Review: Scam Or Legit? | Recover Lost Funds

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