Ravinder Kumar, the alleged fraudster behind the $50M Telegram scam, ran a Ponzi scheme in the name of OTC token deals. Here are the details.

As the world focused on the Israel-Iran war and its impact on the crypto market, a serious $50M Telegram scam robbed people.

A massive over-the-counter (OTC) fraud perpetrated by a popular social media platform called Telegram cost investors and Aza Ventures millions. Now, on-chain experts have revealed the man behind it. Let’s discuss.

How did the 50 million dollar telegram scam happen?

As the crypto market has reached a value of $3 trillion, the entire world is watching the industry. However, amidst the success, scammers and hackers are also persistent, affecting innocent traders.

Recently, Iranian exchange Nobitex was hacked, and now a $50M Telegram scam has been uncovered, showing how security and knowledge should be a top priority for users.

According to an analysis by crypto analyst, Altcoin Alpha, the fraudster created a Tier-1 OTC deal and spread it to private Telegram groups. The deal was circulated and endorsed by trusted and reputable individuals such as Crypto Wheels and Venture Capitalists.

Additionally, it offered up to 50% discount on certain allocations of trending altcoins like Apto, SEI, SWELL, and others. Everything went smoothly initially (November 2024 - January 2025), but it soon turned into a $50M Ponzi crypto scheme.

Over time, more and more people join as members promote the huge benefits they receive. However, it was just a Ponzi scheme where scammers were paying old clients with the next client's money.

Later in May 2025 the red flags became more prominent but mostly ignored because they were making money.

Finally, it crashed in June 2025 when the token distribution stopped. Agents went off the grid and made excuses like travel, exchange problems, etc. until the Telegram scam was busted.

On June 19, leading deal broker Aza Ventures revealed that they had been defrauded. They allegedly uncovered "Source 1" running the Ponzi scheme, and soon, more deals were found, making it a global $50M crypto scheme.

Who's Behind the $50M Telegram Scam?

AZA Ventures only revealed that the scammer, Source 1, is of Indian origin. They are keeping it a secret because they believe it is their best chance to recover the investment.

However, a few on-chain experts like Altcoin Alpha, Crypto Sleith, and others exposed Ravinder Kumar (Self Chain founder) as the alleged scammer of the $50M scam. Notably, he has denied the allegations and claimed to update the community soon.

However, there is no new update from them at the time of press.

#sui #NEAR🚀🚀🚀 #CryptoNewss #MarketSentimentToday #Market_Update