DANNY : DE HEKLet me tell you a story — one that begins like every good scam does, with a website that looks just convincing enough to fool the everyday investor.

In this case, it began when I was watching a video by serial Ponzi promoter Anthony DeLoatch — a man with a long track record of pushing high-risk crypto schemes. Buried within one of his usual hyped-up investment pitches, I noticed him referencing a platform I hadn’t heard of before: Selwix.

That name caught my attention — and that’s when I began to dig. That website is Selwix.net — polished, professional, and promising outrageous returns on your crypto investments through something they call “staking.” But behind the design and the crypto buzzwords lies something far more sinister. What I found after diving headfirst into this platform was not innovation — it was a well-orchestrated Ponzi scheme dressed up as a blockchain enterprise.

They call themselves a staking platform of the future. What they really are is a digital trap — and I’m going to walk you through exactly how they built it.

The Illusion of High Returns

It all starts with the promises. Selwix offers staking plans that would make even Bernie Madoff raise an eyebrow. They pitch things like 1.5% daily for 14 days, 150% returns in just 15 days, and a jaw-dropping 11% daily on their “Pro Max Ultra” plan. If those numbers sound too good to be true, it’s because they are. These are the kind of figures you see in High-Yield Investment Programs (HYIPs) — the digital descendants of old-school Ponzi schemes — where returns are paid not from real profits but from the deposits of new victims.

Fake Team, Fake Faces

But Selwix knows presentation is everything. That’s why they’ve created a fake team to make it all look legitimate. We’re introduced to names like Benjamin Weber, allegedly a Harvard grad and former Goldman Sachs analyst; Jerry Carter, who supposedly worked at Google after graduating from MIT; and Sophia Evans, a designer from Apple. Impressive, right? Except none of them exist. No LinkedIn profiles. No professional portfolios. No digital footprint. These are fictional bios, concocted to manufacture credibility — a tactic I’ve seen time and time again.

The $140 Million Lie

Still not convinced it’s a scam? How about this: Selwix claims to have a $140 million investment insurance policy with a “transnational financial conglomerate.” No insurer is named. No policy is shown. There is no contract, no terms, no documentation — because this insurance doesn’t exist.

They’ve invented a fake safety net to trick users into ignoring every other red flag.

Imaginary Global Offices

Naturally, a scam this complex needs a fake headquarters. Selwix lists their main office at 5 Saint Bride Street in London, and even claim to have a second office in Dubai South Business Bay. But again, there’s no physical trace of their existence in either location. No company signage. No suite numbers. No listing in any business registry. What you’ll find at those addresses are virtual mail-forwarding services — a favourite cover for scam operations.

A License to Deceive

Then there’s the legal smoke screen. Selwix brags about operating under a so-called license: #16226081. To the untrained eye, it looks official. But in reality, this number is just a generic UK company registration, not a financial license. It does not permit them to accept investments, promise returns, or offer financial services. They are not listed with the Financial Conduct Authority (FCA). This is misrepresentation at its finest — and it’s being used to deceive the public.

The Debit Card That Doesn’t Exist

As I explored deeper, the layers of deception became more absurd. Selwix claims to offer a debit card backed by HSBC and UnionPay. Apparently, if you invest enough, you can get one and withdraw funds worldwide. Sounds impressive — until you realise there’s no real card. No issuing bank has acknowledged Selwix. There’s no preview image, no BIN range, no shipping verification. The card is a carrot on a stick, used to bait deposits.

Grooming Through Games and Faucets

And then comes the grooming tactics. Selwix runs a Telegram-based game called Selwix Tap, where users are told they can earn crypto by clicking buttons and “training their brain.” This isn’t just a pointless distraction — it’s designed to build trust, to keep people logging in, and to subtly guide them toward making a deposit. Combine that with their fake Bitcoin faucet, which claims you can earn up to 0.03 BTC daily just for showing up, and you’ve got a complete behavioural funnel aimed at psychological manipulation.

Withdrawals Designed to Fail

Let’s talk about getting your money out. It’s not easy. Withdrawals are processed manually and can take up to 72 hours — a tactic that allows the operators to delay or deny payments at will. On top of that, they charge excessive withdrawal fees and enforce high minimums — all tactics meant to discourage cashing out and increase the likelihood that users will simply reinvest.

Pyramid Structure Hiding in Plain Sight

Of course, no Ponzi scheme would be complete without a referral system — and Selwix has one. A four-level affiliate program offers up to 6% commission, encouraging users to rope in their friends and family, unknowingly helping to fund the scam. This isn’t community building. It’s pyramid selling.

The Blockchain That Isn’t There

And despite all their talk about “blockchain infrastructure,” Selwix has no real token. No smart contract. No blockchain explorer. No listings. No verifiable on-chain activity. What they have is a centralised website, some fancy UI animations, and a lot of meaningless words like “liquidity node hosting” and “delegated staking” — terms designed to confuse, not clarify.

Homepage Theatre

By the time you circle back to the homepage, everything comes together. Their three-step signup process, their glowing “about us” mission, their claimed support for dozens of cryptocurrencies — it’s all been strategically placed to funnel unsuspecting users into a fake investment system.

And the statistics? Laughable. They say over 4.8 million investors have staked more than $450 million, and that they’ve paid out $154 million in rewards. There’s absolutely no on-chain or financial evidence to support any of those claims. They are invented numbers, plastered on the homepage to build false trust.

Final Verdict: This Is a Digital Crime Scene

Selwix.net is not a crypto platform. It is a fraud. A high-yield digital scam with a fake team, fake license, fake product, fake token, fake office, fake insurance, fake card, and fake credibility. Every page of their site is carefully constructed to extract your money and disappear before regulators catch up.

If you’re reading this before you invest — good. Don’t. If you’ve already put money in — document everything and report them. The sooner they’re shut down, the fewer victims they’ll claim.

This isn’t a staking platform. It’s a digital crime scene.

About the Author Danny de Hek, also known as The Crypto Ponzi Scheme Avenger, is a New Zealand-based investigative journalist specializing in exposing crypto fraud, Ponzi schemes, and MLM scams. His work has been featured by Bloomberg, The New York Times, The Guardian Australia, ABC News Australia, and other international outlets.

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