cryptoscam

Sui (SUI), a layer-1 blockchain token developed by Mysten Labs
1. The $50 Million Telegram OTC Scam
According to multiple reports, scammers used Telegram to run an over-the-counter (OTC) deal scheme that allegedly defrauded investors of more than $50 million.
These scammers offered discounted tokens (including SUI, NEAR, SEI, and Axelar) — up to 50% off, with promised “lock-up” periods of several months.
At first, early investors received their tokens on schedule, which built trust and attracted more people to join.
Later, however, distribution allegedly stopped, and investors started raising alarms about missing tokens.
Key figures from SUI’s team publicly denied that any such deep-discount OTC program existed: “There is NO deal,” said a representative.
2. Spam Tokens Dropping in Sui Wallets
Mysten Labs has issued warnings that some Sui wallets are seeing unauthorized spam tokens being airdropped into them.
These spam tokens often arrive with messages that look like “You won 1,000 SUI, click to claim,” tricking users into interacting with them.
The concern: when users click or interact, they may accidentally sign contracts that compromise their wallets.
Mysten Labs recommends ignoring unfamiliar tokens, not clicking on weird links, and regularly checking wallet permissions.
3. Airdrop Scams and Fake Claims
Some of the airdrop offers circulating in the Sui ecosystem appear to be fake: websites impersonate legitimate projects and trick users into connecting their wallets, which can lead to malicious contract interactions.
There are also community reports (on Reddit) of “airdroped” tokens that turn out to be honeypots: tokens are given, but there’s very little liquidity, so you can’t sell them. > “I got … GLUB … but there is not enough liquidity … it’s a honeypot.”
Another user warned: “If you see a strange coin … check the contract address. Don’t rely on the name.”
4. Possible DeFi Hacks or Exploits
Some Sui-based DeFi projects have also raised red flags. According to reports, there was a large-scale security incident resulting in a major loss.
Such incidents reduce confidence in the security of the Sui ecosystem, especially for less experienced users.
What This Means for Sui Holders
Sui itself is not conclusively a scam: the blockchain is real, and its token has real utility.
But parts of its ecosystem are very risky: spam token attacks, fake airdrops, and large OTC fraud schemes are real problems.
Holders must be very careful:
Don’t click on suspicious links or “claim” pages unless they’re verified.
Ignore tokens that you didn’t expect — especially if you didn’t stake or do anything to “earn” them.
Regularly check your wallet’s permissions and revoke anything suspicious.
#SUİ #SUI #Cryptoscam #blockchain #CryptoSecurity #DeFi #SuiNetwork

📅 November 14 | Oklahoma, United States
The fall was inevitable, but no one imagined that the story would end like this: with an Oklahoma man facing a five-year prison sentence after running a crypto investment scheme that defrauded dozens of people and moved more than $9.4 million. For years, this individual promised impossible returns, built a facade of success, and convinced family, friends, and strangers that they had a unique opportunity to “change their lives.”
But it was all smoke and mirrors.When authorities finally dismantled the scheme, the magnitude of the fraud exposed a web of lies designed to sustain a nonexistent empire.

📖According to The Block, the man—identified by the Department of Justice as the leader of a fraudulent cryptocurrency investment scheme—ran a fake high-return program for several years that promised quick and guaranteed profits through alleged automated trading operations. He assured investors that he used advanced tools, artificial intelligence, and institutional strategies that “made it impossible to lose.” What the victims did not know was that it was all an illusion designed to attract new capital and sustain payments that did not come from trading, but from other clients' money.
The fraud moved a total of $9.4 million, a figure that caught the attention of federal financial regulators after several investors reported that withdrawals had become impossible. By the time the scheme began to collapse, the defendant had diverted funds for personal expenses, including travel, vehicles, and luxury items.
After months of investigation, the Department of Justice filed formal charges and the case moved forward quickly. During the trial, authorities presented financial records, chats, emails, and transaction receipts that demonstrated the systematic manipulation of funds. Faced with a mountain of irrefutable evidence, the defendant finally accepted responsibility.
The final sentence: five years in federal prison, plus mandatory restitution to the victims. However, some of those affected are unlikely to recover all of their funds. This case also reignites the debate about financial education and the need for stricter regulations to curb investment schemes that present themselves as “exclusive opportunities” in a market where speed and misinformation can wreak havoc.

Topic Opinion:
Technology changes, but fraud patterns repeat themselves. The promise of guaranteed returns remains the perfect bait for thousands of people looking for quick opportunities in a complex market. I believe it is urgent to strengthen the education of the average user, because without knowledge, anyone can fall into the wrong hands.
💬 Do you think penalties for crypto fraud should be more severe?

Leave your comment...
#CryptoFraud #Oklahoma #bitcoin #Cryptoscam #CryptoNews $BTC

It wasn’t a cyberwar, and it wasn’t some elite hacking crew. It was just a 17-year-old kid from Florida with a cheap laptop, a phone, and the kind of confidence most adults don’t have. His name was Graham Ivan Clark, and he pulled off one of the wildest social-engineering attacks ever recorded. He didn’t break into X with advanced tools—he simply tricked real people.

On July 15, 2020, major accounts on X (formerly Twitter) including Elon Musk, Barack Obama, Apple, Jeff Bezos, and Joe Biden, suddenly posted the same message: “Send $1,000 in Bitcoin, I’ll send back $2,000.” It looked like a joke, but it wasn’t. Someone had full access to these accounts. In under an hour, people sent more than $110,000 worth of BTC to the scam wallet. X had to lock all verified accounts worldwide just to stop the chaos. And behind all of this was a teenager using a burner phone.

Graham grew up in Tampa in a rough environment—no money, no stability. He began running small online scams, pretending to sell items in games like Minecraft, taking the payment, and disappearing. When creators tried to expose him, he hacked their channels. By age 15, he joined OGUsers, a forum where people traded stolen accounts. His real skill wasn’t in hacking tools—it was in manipulating human behavior.

By 16, Graham had learned SIM swapping, convincing phone company staff to hand over someone else’s phone number. With that number, he could access their emails, crypto wallets, and more. He targeted crypto investors who flaunted their wealth online, with some victims losing over $1 million in Bitcoin. As his success grew, so did his recklessness. He scammed other hackers, got exposed, and even faced threats in real life. Police eventually raided his apartment and found 400 BTC, worth around $4 million at the time. He returned $1 million to settle the case, and because he was a minor, he was allowed to keep the rest.

In 2020, during the lockdown, Graham and another teenager carried out the attack on X. Employees working from home were tricked into entering login details on a fake company page. This gave the teens access to internal systems, including a control panel that could reset any account’s password. Suddenly, two teenagers controlled 130 major accounts. That evening, the infamous Bitcoin scam message was posted from these accounts. People panicked, markets could have been manipulated, private messages could have been leaked, and global-level chaos was possible. Yet they used their access simply to collect quick Bitcoin.

The FBI tracked Graham within two weeks using Discord chats, IP logs, and SIM data. He faced dozens of charges that could have meant over 200 years in prison. But because he was a minor, he made a deal—serving three years in juvenile detention and three years of probation. He walked free at age 20. Today, Graham lives a normal life, still wealthy, while X remains flooded with crypto scams similar to the one he ran.

The key lesson here is that scammers don’t always hack systems. Most often, they hack people. Fear, greed, and trust can be more dangerous than any advanced hacking tool. To protect yourself, don’t rush when someone demands instant payment, never share verification codes, be aware that even verified accounts can be compromised, and always check website links before signing in. Graham didn’t win because of high-level technical skills—he won because he understood human nature. And that’s what made his attack so dangerous.
Follow for more interesting updates 👉 @BNB Fox
#cyberattack #bitcoin #Cryptoscam #BinanceSquare




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