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CryptoScamAlert

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INSIGHT: A $123M crypto scam in Australia laundered funds through a licensed money transfer firm. One of the country's biggest frauds. #scam #crypto #CryptoScamAlert
INSIGHT: A $123M crypto scam in Australia laundered funds through a licensed money transfer firm. One of the country's biggest frauds. #scam #crypto #CryptoScamAlert
5 Red Flags of P2P Crypto Scams You Must Never Ignore 🚨P2P trading can be a powerful tool — but scammers are always one step behind your trust. If you ever notice any of these red flags while doing a deal, cancel immediately and protect your funds. 🚫 1. Asks to Release Crypto Before Payment > If someone says, “Release first, payment is coming,” it's a trap. Always wait for money to reflect in your bank account — not just a screenshot. 🖼️ 2. Sends Fake Payment Screenshots > Scammers often share edited screenshots to convince you. Never trust screenshots — only trust real transaction confirmation in your bank app. ⚠️ 3. Creates Urgency or Emotional Pressure > Lines like: “Please bro, it’s urgent” or “I'm in trouble” are classic manipulation. A real buyer won’t rush you — they’ll follow the process. 🧾 4. Uses Third-Party Bank Accounts > If the name on the payment is different from the buyer, cancel the trade. Only accept payments from the account directly linked to the verified user. ❌ 5. Offers Too-Good-to-Be-True Rates > If someone offers a rate much better than market average, it’s likely a scam setup. Greed is the scammer’s favorite tool — don’t fall for it 🔐 Final Reminder: > Trust the process — not the person. Use Binance P2P tools, trade safely, and never rush. ✅ Share this post to help others stay safe! 💬 Have you ever faced a scam attempt? Comment your experience 👇 $BTC $SHIB $PEPE #BinanceP2P #CryptoScamAlert #StaySafeCrypto #P2PScam #P2PScamAwareness

5 Red Flags of P2P Crypto Scams You Must Never Ignore 🚨

P2P trading can be a powerful tool — but scammers are always one step behind your trust.
If you ever notice any of these red flags while doing a deal, cancel immediately and protect your funds.
🚫 1. Asks to Release Crypto Before Payment
> If someone says, “Release first, payment is coming,” it's a trap.
Always wait for money to reflect in your bank account — not just a screenshot.

🖼️ 2. Sends Fake Payment Screenshots
> Scammers often share edited screenshots to convince you.
Never trust screenshots — only trust real transaction confirmation in your bank app.

⚠️ 3. Creates Urgency or Emotional Pressure
> Lines like: “Please bro, it’s urgent” or “I'm in trouble” are classic manipulation.
A real buyer won’t rush you — they’ll follow the process.

🧾 4. Uses Third-Party Bank Accounts
> If the name on the payment is different from the buyer, cancel the trade.
Only accept payments from the account directly linked to the verified user.

❌ 5. Offers Too-Good-to-Be-True Rates
> If someone offers a rate much better than market average, it’s likely a scam setup.
Greed is the scammer’s favorite tool — don’t fall for it

🔐 Final Reminder:
> Trust the process — not the person.
Use Binance P2P tools, trade safely, and never rush.

✅ Share this post to help others stay safe!
💬 Have you ever faced a
scam attempt? Comment your experience 👇
$BTC $SHIB $PEPE
#BinanceP2P #CryptoScamAlert #StaySafeCrypto #P2PScam #P2PScamAwareness
How You Can Get Scammed on Binance: Stay Alert! 🚨💸 While Binance is a secure and reputable crypto exchange, scammers are always looking for ways to exploit users. One common scam involves fake “investment managers” or “signal groups” on social media who promise daily profits if you send them crypto. Once you transfer your funds, they disappear. 😡 Another risk is phishing—scammers create fake Binance websites or apps that look real. When you enter your login info, they steal it and empty your account. Always double-check URLs and use two-factor authentication (2FA)! 🛡️ Airdrop scams are also trending. You might receive messages saying you've won free $BTC ,$ETH crypto—just pay a "small fee" to claim it. Don’t fall for it. 🚫 Finally, be cautious of pump-and-dump schemes where groups hype coins, pump the price, then dump their holdings—leaving you with losses. 📉 🔐 Protect yourself: Never share your credentials, enable 2FA, and avoid deals that sound “too good to be true.” Scammers prey on greed and trust—don’t give them the chance. Stay smart. Trade safe #CryptoScamAlert ,#ScamAwareness {spot}(BTCUSDT)
How You Can Get Scammed on Binance: Stay Alert! 🚨💸

While Binance is a secure and reputable crypto exchange, scammers are always looking for ways to exploit users. One common scam involves fake “investment managers” or “signal groups” on social media who promise daily profits if you send them crypto. Once you transfer your funds, they disappear. 😡

Another risk is phishing—scammers create fake Binance websites or apps that look real. When you enter your login info, they steal it and empty your account. Always double-check URLs and use two-factor authentication (2FA)! 🛡️

Airdrop scams are also trending. You might receive messages saying you've won free $BTC ,$ETH crypto—just pay a "small fee" to claim it. Don’t fall for it. 🚫

Finally, be cautious of pump-and-dump schemes where groups hype coins, pump the price, then dump their holdings—leaving you with losses. 📉

🔐 Protect yourself: Never share your credentials, enable 2FA, and avoid deals that sound “too good to be true.” Scammers prey on greed and trust—don’t give them the chance.

Stay smart. Trade safe

#CryptoScamAlert ,#ScamAwareness
⚠️ Warning: Beware of Scams in Binance P2P Market Binance P2P allows users to buy and sell crypto easily, but it also attracts scammers looking to trick unsuspecting users. Stay alert and follow these safety tips: 🔒 Don’t Trust Strangers Blindly If someone offers an unusually high price or tries to rush you, be cautious. Scammers may use hacked accounts or fake payment proofs. ⏳ Never Release Crypto Without Confirming Payment Even if the buyer sends a screenshot or claims payment is done, always verify the payment inside Binance before releasing your crypto. 🧾 Keep Proof of All Transactions Save screenshots, transaction IDs, and chats. These can help if you need to contact Binance support. 🚫 Avoid Pressure Tactics If someone says “urgent deal,” “quick trade,” or pressures you to act fast — it’s a red flag. Scammers use urgency to make you act without thinking. 📌 Most Important Tip: Only communicate and complete trades within the Binance platform. Avoid taking deals to WhatsApp or using QR codes sent outside Binance. Stay safe. Trade smart.#Binance #BinanceP2P #CryptoScamAlert #CryptoSecurity #P2PScam
⚠️ Warning: Beware of Scams in Binance P2P Market

Binance P2P allows users to buy and sell crypto easily, but it also attracts scammers looking to trick unsuspecting users. Stay alert and follow these safety tips:

🔒 Don’t Trust Strangers Blindly
If someone offers an unusually high price or tries to rush you, be cautious. Scammers may use hacked accounts or fake payment proofs.

⏳ Never Release Crypto Without Confirming Payment
Even if the buyer sends a screenshot or claims payment is done, always verify the payment inside Binance before releasing your crypto.

🧾 Keep Proof of All Transactions
Save screenshots, transaction IDs, and chats. These can help if you need to contact Binance support.

🚫 Avoid Pressure Tactics
If someone says “urgent deal,” “quick trade,” or pressures you to act fast — it’s a red flag. Scammers use urgency to make you act without thinking.

📌 Most Important Tip: Only communicate and complete trades within the Binance platform. Avoid taking deals to WhatsApp or using QR codes sent outside Binance.

Stay safe. Trade smart.#Binance
#BinanceP2P
#CryptoScamAlert
#CryptoSecurity
#P2PScam
Sometimes you’ll see people reply to your comment saying things like: “I will help you. Give me your number.” What that really means is: “I can’t trade — but I’m trying to rip you off.” Especially if you’re a beginner, be very careful with these so-called “offers to help.” They’re usually just traps in disguise. #CryptoScamAlert #CryptoHelp #FuturestradingSignals
Sometimes you’ll see people reply to your comment saying things like: “I will help you. Give me your number.”
What that really means is: “I can’t trade — but I’m trying to rip you off.”

Especially if you’re a beginner, be very careful with these so-called “offers to help.”
They’re usually just traps in disguise.
#CryptoScamAlert #CryptoHelp #FuturestradingSignals
Crypto Hacks Shatter Records: Over $2.5 Billion Lost in H1 2025 AloneCybercriminals are off to a strong start in 2025. In just the first half of the year, 290 security incidents resulted in the loss of nearly $2.5 billion in crypto assets – already surpassing the total losses recorded in all of 2024, according to a new report from CertiK. 🔓 Wallet Breaches and Phishing Attacks Lead the Damage The largest losses came from direct attacks on users: $1.7 billion was stolen in just 34 wallet breach incidents. Phishing campaigns followed, draining more than $410 million across 132 attacks. Rounding out the top three were code vulnerabilities, responsible for over $283 million in losses from 114 cases. Though less frequent, exit scams and price manipulation still caused nearly $20 million in damage. Another $42 million was lost due to compromised access controls. 📉 First-Half Losses Surpass All of 2024 Total losses for the first six months of 2025 have already exceeded the $2.42 billion recorded in all of 2024. After subtracting recovered and frozen funds, net losses stand at $2.29 billion, up from $1.98 billion in adjusted losses last year. A staggering 72% of this year’s losses stem from just two major incidents – a large-scale attack on Bybit in Q1 and the exploitation of the Cetus protocol in Q2. Without these two, the half-year losses would amount to a more modest $690 million. 📊 Quarterly Breakdown: When and How the Money Disappeared 🔹 Q1 2025 – Losses totaled $1.67 billion, heavily influenced by the Bybit breach 🔹 Q2 2025 – Attacks slowed, but still caused $801 million in damage Phishing emerged as the dominant threat vector in Q2, causing $395 million in damage from 52 attacks. Next were code vulnerabilities ($235.7 million) and access control weaknesses ($36.1 million). Wallet compromises, the main threat in Q1, caused an additional $112 million in Q2 from just 9 incidents. ⚠️ Most Notable Hacks of the Year So Far In addition to the Bybit and Cetus breaches ($225.6 million), other high-impact events included: 🔹 Nobitex (Iran) – Losses of $89.1 million 🔹 ALEX Lab – Breach worth $16.1 million 🔹 Further issues with Bitopro, Cork Protocol, KiloEx, and zkSync, mostly due to smart contract bugs, compromised infrastructure, or stolen wallet credentials 🧠 Ethereum Targeted Most, Bitcoin Second Ethereum was the top target, suffering over $1.58 billion in losses across 164 incidents. Bitcoin followed with $373 million lost from just 10 cases. 🔄 What Got Recovered? So far, $187 million has been returned to victims – $180 million of that during Q2 alone. Even after subtracting the recovered funds, the first-half losses of 2025 still represent an all-time high. 🧩 Another Analysis Supports the Trend A separate mid-year report from TRM Labs estimated $2.1 billion in losses across 75 incidents, primarily due to private key thefts, front-end hijacks, and other infrastructure breaches. While figures may vary slightly, the message is clear – crypto security threats are escalating rapidly in 2025. #CryptoSecurity , #CryptoScamAlert , #CyberSecurity , #CryptoCrime , #CryptoFraud Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies! Notice: ,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Crypto Hacks Shatter Records: Over $2.5 Billion Lost in H1 2025 Alone

Cybercriminals are off to a strong start in 2025. In just the first half of the year, 290 security incidents resulted in the loss of nearly $2.5 billion in crypto assets – already surpassing the total losses recorded in all of 2024, according to a new report from CertiK.

🔓 Wallet Breaches and Phishing Attacks Lead the Damage
The largest losses came from direct attacks on users: $1.7 billion was stolen in just 34 wallet breach incidents. Phishing campaigns followed, draining more than $410 million across 132 attacks. Rounding out the top three were code vulnerabilities, responsible for over $283 million in losses from 114 cases.
Though less frequent, exit scams and price manipulation still caused nearly $20 million in damage. Another $42 million was lost due to compromised access controls.

📉 First-Half Losses Surpass All of 2024
Total losses for the first six months of 2025 have already exceeded the $2.42 billion recorded in all of 2024. After subtracting recovered and frozen funds, net losses stand at $2.29 billion, up from $1.98 billion in adjusted losses last year.
A staggering 72% of this year’s losses stem from just two major incidents – a large-scale attack on Bybit in Q1 and the exploitation of the Cetus protocol in Q2. Without these two, the half-year losses would amount to a more modest $690 million.

📊 Quarterly Breakdown: When and How the Money Disappeared
🔹 Q1 2025 – Losses totaled $1.67 billion, heavily influenced by the Bybit breach

🔹 Q2 2025 – Attacks slowed, but still caused $801 million in damage
Phishing emerged as the dominant threat vector in Q2, causing $395 million in damage from 52 attacks. Next were code vulnerabilities ($235.7 million) and access control weaknesses ($36.1 million). Wallet compromises, the main threat in Q1, caused an additional $112 million in Q2 from just 9 incidents.

⚠️ Most Notable Hacks of the Year So Far
In addition to the Bybit and Cetus breaches ($225.6 million), other high-impact events included:
🔹 Nobitex (Iran) – Losses of $89.1 million

🔹 ALEX Lab – Breach worth $16.1 million

🔹 Further issues with Bitopro, Cork Protocol, KiloEx, and zkSync, mostly due to smart contract bugs, compromised infrastructure, or stolen wallet credentials

🧠 Ethereum Targeted Most, Bitcoin Second
Ethereum was the top target, suffering over $1.58 billion in losses across 164 incidents. Bitcoin followed with $373 million lost from just 10 cases.

🔄 What Got Recovered?
So far, $187 million has been returned to victims – $180 million of that during Q2 alone. Even after subtracting the recovered funds, the first-half losses of 2025 still represent an all-time high.

🧩 Another Analysis Supports the Trend
A separate mid-year report from TRM Labs estimated $2.1 billion in losses across 75 incidents, primarily due to private key thefts, front-end hijacks, and other infrastructure breaches. While figures may vary slightly, the message is clear – crypto security threats are escalating rapidly in 2025.

#CryptoSecurity , #CryptoScamAlert , #CyberSecurity , #CryptoCrime , #CryptoFraud

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Front-End Malware Attack To my BINANCE Wallet⚠️ Urgent Security Warning: I found the Extension That Changed My Binance Deposit Address! I want to urgently warn others about a serious incident I encountered: 🔹 I was using the official Binance website on my browser 🔹 I used the TRC20 USDT deposit option 🔹 An extension installed in my browser intercepted and replaced the original Binance deposit address with a scam address: TCBbpHGoaTAkbkMgBYkg2N26ZHQ7RWVhA9 🛑 This address does not belong to Binance (confirmed by their Security Team), and I lost some USDT assest as a result. 🧩 I’ve confirmed that the issue was caused by a malicious browser extension (“Save to Google Drive” v4.0.5): which had suspicious permissions: "Read and change all your data on websites you visit" "Modify clipboard data" "Inject scripts" When the extension is ON, the USDT (TRC20) deposit address shown on the official Binance website is replaced with this scam address: TCBbpHGoaTAkbkMgBYkg2N26ZHQ7RWVhA9 When the extension is OFF, the correct wallet address is shown: THzdVHx46GjiuE4gstvdUYcQHZEKQEzdoG You can clearly see this behavior in the attached screenshots below. 💡 This confirms it’s a front-end injection attack—not a phishing site, but a browser extension hijacking live data on Binance's official website. 💡 Important Advice to All Binance Users: ✅ Always double-check your deposit address using a different device or the official Binance app. ✅Use Binance desktop software if possible. ✅Remove suspicious browser extensions, even if they seem legitimate ✅Record your original address generation screen and save it. I hope Binance security team investigates such extension-based attacks and educates users on this growing threat. Let’s protect each other. #SecurityAlert #CryptoScam #CryptoScamAlert #USDTScamWarning #WalletHijack

Front-End Malware Attack To my BINANCE Wallet

⚠️ Urgent Security Warning: I found the Extension That Changed My Binance Deposit Address!

I want to urgently warn others about a serious incident I encountered:
🔹 I was using the official Binance website on my browser
🔹 I used the TRC20 USDT deposit option
🔹 An extension installed in my browser intercepted and replaced the original Binance deposit address with a scam address: TCBbpHGoaTAkbkMgBYkg2N26ZHQ7RWVhA9
🛑 This address does not belong to Binance (confirmed by their Security Team), and I lost some USDT assest as a result.

🧩 I’ve confirmed that the issue was caused by a malicious browser extension (“Save to Google Drive” v4.0.5): which had suspicious permissions:
"Read and change all your data on websites you visit"
"Modify clipboard data"
"Inject scripts"

When the extension is ON, the USDT (TRC20) deposit address shown on the official Binance website is replaced with this scam address: TCBbpHGoaTAkbkMgBYkg2N26ZHQ7RWVhA9
When the extension is OFF, the correct wallet address is shown: THzdVHx46GjiuE4gstvdUYcQHZEKQEzdoG
You can clearly see this behavior in the attached screenshots below.

💡 This confirms it’s a front-end injection attack—not a phishing site, but a browser extension hijacking live data on Binance's official website.

💡 Important Advice to All Binance Users:
✅ Always double-check your deposit address using a different device or the official Binance app.
✅Use Binance desktop software if possible.
✅Remove suspicious browser extensions, even if they seem legitimate
✅Record your original address generation screen and save it.

I hope Binance security team investigates such extension-based attacks and educates users on this growing threat.
Let’s protect each other.
#SecurityAlert #CryptoScam #CryptoScamAlert
#USDTScamWarning #WalletHijack
🚨 Australia Uncovers Alarming Crypto ATM Scam Trend! 🇦🇺💸 In a shocking revelation, Australian authorities have issued a nationwide alert over a surging trend in crypto ATM scams, where unsuspecting victims are being manipulated into depositing cash into cryptocurrency machines—only to have it vanish instantly into scammers’ wallets. 😨 Scammers are impersonating government officials, bank reps, and even law enforcement, convincing people they owe money or are under investigation. Victims are then coerced to visit nearby Bitcoin ATMs and transfer funds to “clear” the charges. Once sent, the crypto is untraceable and unrecoverable. ⚠️ Key Warning Signs: 🔸Being asked to pay fines via Bitcoin ATM 🔸Urgent threats or legal action from unknown callers 🔸Requests for privacy and secrecy during the transaction 🔐 Stay Safe: Always double-check the source of any financial demand. No government body demands payment through crypto ATMs! Report suspicious calls to Scamwatch Australia immediately. This trend is a major reminder: while crypto offers freedom and innovation, education and vigilance are key to staying safe in this digital age. Let’s spread awareness and protect our communities from falling prey to these crypto criminals. 🙏💡 💬 What’s your take on crypto safety? Have you seen Bitcoin ATMs in your city? If you found this post useful, 💛 Follow me 🔁 Share it ❤️ Like it ...and help me grow in this amazing journey on #Write2Earn. 💪 #CryptoScamAlert #BitcoinATMScam #BinanceSafety #BinanceSquare #Write2Earn
🚨 Australia Uncovers Alarming Crypto ATM Scam Trend! 🇦🇺💸

In a shocking revelation, Australian authorities have issued a nationwide alert over a surging trend in crypto ATM scams, where unsuspecting victims are being manipulated into depositing cash into cryptocurrency machines—only to have it vanish instantly into scammers’ wallets. 😨

Scammers are impersonating government officials, bank reps, and even law enforcement, convincing people they owe money or are under investigation. Victims are then coerced to visit nearby Bitcoin ATMs and transfer funds to “clear” the charges. Once sent, the crypto is untraceable and unrecoverable.

⚠️ Key Warning Signs:

🔸Being asked to pay fines via Bitcoin ATM

🔸Urgent threats or legal action from unknown callers

🔸Requests for privacy and secrecy during the transaction

🔐 Stay Safe:

Always double-check the source of any financial demand. No government body demands payment through crypto ATMs! Report suspicious calls to Scamwatch Australia immediately.

This trend is a major reminder: while crypto offers freedom and innovation, education and vigilance are key to staying safe in this digital age. Let’s spread awareness and protect our communities from falling prey to these crypto criminals. 🙏💡

💬 What’s your take on crypto safety? Have you seen Bitcoin ATMs in your city?

If you found this post useful,
💛 Follow me
🔁 Share it
❤️ Like it
...and help me grow in this amazing journey on #Write2Earn. 💪

#CryptoScamAlert #BitcoinATMScam #BinanceSafety #BinanceSquare #Write2Earn
The $3 Million Crypto Trap No One Warned You About! Imagine buying a new token watching it pump 300%. But when you try to SELL your wallet says NO. That’s not a glitch. That’s a HONEYPOT SCAM. Thousands of investors just lost millions in 2024 to these hidden smart contract traps. You can buy but the contract blocks you from selling. And guess who walks away rich? The scammer who wrote the code. Here’s the crazy part: They look legit, trend on Telegram, and even show up on DEXes like Uniswap. Some even pass basic audits. One scammer made 3.2 million dollars using 9 different honeypots in just a few weeks. Now imagine how many noobs are still getting drained. Want to avoid this trap? Test sell before aping in. Use TokenSniffer, Web3 Antivirus Never trust “FOMO buys” without scanning the contract #CryptoScamAlert #DeFiSecurity #HoneypotScam #CryptoSafety #thecryptoheadquarters
The $3 Million Crypto Trap No One Warned You About!

Imagine buying a new token watching it pump 300%.
But when you try to SELL your wallet says NO.

That’s not a glitch.
That’s a HONEYPOT SCAM.

Thousands of investors just lost millions in 2024 to these hidden smart contract traps.
You can buy but the contract blocks you from selling.

And guess who walks away rich?
The scammer who wrote the code.

Here’s the crazy part:
They look legit, trend on Telegram, and even show up on DEXes like Uniswap.

Some even pass basic audits.
One scammer made 3.2 million dollars using 9 different honeypots in just a few weeks.
Now imagine how many noobs are still getting drained.

Want to avoid this trap?
Test sell before aping in.
Use TokenSniffer, Web3 Antivirus

Never trust “FOMO buys” without scanning the contract

#CryptoScamAlert
#DeFiSecurity
#HoneypotScam
#CryptoSafety
#thecryptoheadquarters
Square-Creator-0780c946f105f70b6e9c:
alguém sabe do token TCRV do trade curva comprei recebi na carteira até hoje não lançou.?
Why is it that capital is always the only beneficiary of digital currencies? According to my observation of the digital currency market, I always find something routine: a new currency is released, they buy it by the millions, then they sell it, and everything evaporates from it. Dreams of the simple people who are waiting? $XRP $SEI $AAVE {spot}(AAVEUSDT) #CryptoReality #CryptoScamAlert #CryptoWhales #BinanceAlphaAlert
Why is it that capital is always the only beneficiary of digital currencies? According to my observation of the digital currency market, I always find something routine: a new currency is released, they buy it by the millions, then they sell it, and everything evaporates from it. Dreams of the simple people who are waiting?
$XRP $SEI $AAVE

#CryptoReality #CryptoScamAlert #CryptoWhales #BinanceAlphaAlert
#CryptoScamAlert 🚨🚨🚨🚨🚨🔥 🔥🥷🥷Spoils of $1.5 Billion Bybit hack Traced to Greek Crypto Exchange.🥷✅ 🚨🥷Proceeds from February’s mammoth $1.5 billion hack of crypto exchange Bybit have been traced to an unnamed Greek crypto exchange by the country's authorities.✅ 👉🚨🥷The attack, considered the largest of a crypto exchange in history, was later traced by on-chain investigators to North Korea's Lazarus Group. The state-sponsored group has been tied to numerous high-profile cyberattacks in recent years, both inside and outside the crypto world.✅
#CryptoScamAlert 🚨🚨🚨🚨🚨🔥

🔥🥷🥷Spoils of $1.5 Billion Bybit hack Traced to Greek Crypto Exchange.🥷✅

🚨🥷Proceeds from February’s mammoth $1.5 billion hack of crypto exchange Bybit have been traced to an unnamed Greek crypto exchange by the country's authorities.✅

👉🚨🥷The attack, considered the largest of a crypto exchange in history, was later traced by on-chain investigators to North Korea's Lazarus Group. The state-sponsored group has been tied to numerous high-profile cyberattacks in recent years, both inside and outside the crypto world.✅
🚨 $44B “Pig-Butchering” Scam Exposed - 🕵️‍♂️ Real Case. ProPublica reports that Asian crime syndicates conducting “pig‑butchering” scams —romance and investment cons-are now defrauding victims of over $44 billion a year, laundering funds through U.S. bank accounts rented via Telegram and wiring to crypto wallets. 👀 Modus Operandi: ■Victims groomed via WhatsApp/Telegram ■Bank accounts fraudulently opened (no ID!) ■U.S. dollars wired → converted to crypto → laundered overseas 🧨 Real Case: ■Brian Maloney Jr. is shocked to receive a lawsuit accusing his Boston truck repair shop of crypto fraud. ■Boston’s Middlesex Truck & Coach was blindsided when scammers opened a JPMorgan Chase Bank account in their name to launder $133K. They don’t even use crypto. ■Maloney learns JPMorgan Chase let someone open an account in the company’s name—without ID—which scammers used to launder funds. ■ The fake account was used to receive and launder stolen funds from crypto scam victims, as part of a global $44B/year crypto scam network, known as “pig-butchering.” ■Ongoing Civil Law proceedings: there’s no follow-up reporting—such as court filings, settlements, or verdicts—available yet. 🚩 Red Flag: New online romance + crypto pitch = run. 📉 Time for banks and crypto firms to tighten AML checks. 🔍 ProPublica’s latest exposé reveals major flaws in financial regulation, exposing serious gaps in anti-money-laundering (AML) controls. It raises urgent questions about the accountability of banks and crypto platforms—and their ability to detect and prevent large-scale fraud. #CryptoScamAlert
🚨 $44B “Pig-Butchering” Scam Exposed - 🕵️‍♂️ Real Case.

ProPublica reports that Asian crime syndicates conducting “pig‑butchering” scams —romance and investment cons-are now defrauding victims of over $44 billion a year, laundering funds through U.S. bank accounts rented via Telegram and wiring to crypto wallets.

👀 Modus Operandi:

■Victims groomed via WhatsApp/Telegram

■Bank accounts fraudulently opened (no ID!)

■U.S. dollars wired → converted to crypto → laundered overseas

🧨 Real Case:
■Brian Maloney Jr. is shocked to receive a lawsuit accusing his Boston truck repair shop of crypto fraud.

■Boston’s Middlesex Truck & Coach was blindsided when scammers opened a JPMorgan Chase Bank account in their name to launder $133K. They don’t even use crypto.

■Maloney learns JPMorgan Chase let someone open an account in the company’s name—without ID—which scammers used to launder funds.

■ The fake account was used to receive and launder stolen funds from crypto scam victims, as part of a global $44B/year crypto scam network, known as “pig-butchering.”

■Ongoing Civil Law proceedings: there’s no follow-up reporting—such as court filings, settlements, or verdicts—available yet.

🚩 Red Flag: New online romance + crypto pitch = run.
📉 Time for banks and crypto firms to tighten AML checks.

🔍 ProPublica’s latest exposé reveals major flaws in financial regulation, exposing serious gaps in anti-money-laundering (AML) controls. It raises urgent questions about the accountability of banks and crypto platforms—and their ability to detect and prevent large-scale fraud.

#CryptoScamAlert
⚠️ Kaspersky Discloses New Virus Targeting Crypto Users’ Mnemonic Phrase Screenshots ⚠️ Cybersecurity company Kaspersky stated that a malware named SparkKitty specifically steals photos from infected devices, aiming to find screenshots of cryptocurrency wallet mnemonic phrases. This malware targets both iOS and Android platforms, spreading through certain apps on the Apple App Store and Google Play. Once a device is infected, the malicious program indiscriminately steals all images from the photo gallery. 💡To better protect your asset, there’s one way to tackle this PROBLEM! ✅ TokenPocket’s Intercept screenshot backup Completely blocks mnemonic/private key screenshot backups! No need to worry about mnemonic phrase screenshot leaks 🔐 Use TokenPocket to protect your asset security! #CryptoScamAlert #CryptoSecurity
⚠️ Kaspersky Discloses New Virus Targeting Crypto Users’ Mnemonic Phrase Screenshots ⚠️

Cybersecurity company Kaspersky stated that a malware named SparkKitty specifically steals photos from infected devices, aiming to find screenshots of cryptocurrency wallet mnemonic phrases.

This malware targets both iOS and Android platforms, spreading through certain apps on the Apple App Store and Google Play. Once a device is infected, the malicious program indiscriminately steals all images from the photo gallery.

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Telegram Shuts Down Huione’s Largest Crypto Scam Market Ever, But Rivals Take Over with 400% Volume#CryptoScamAlert Telegram shuts down $27B Huione crypto scam market but rivals surge 400% as Tudou Guarantee absorbs criminal user base within weeks. Telegram shutting down Huione Guarantee, the largest illicit marketplace in history, with over $27 billion in transactions, paradoxically strengthened the dark market as rival platforms experienced a 400% volume surge and quickly absorbed the criminal user base. Following blockchain analytics firm Elliptic’s investigation, Telegram banned thousands of channels and accounts linked to Huione on May 13, 2025. However, the successor platform, Tudou Guarantee, immediately captured the displaced criminal activity, processing equal volumes within weeks of the shutdown. Elliptic tracked over 30 highly active guarantee marketplaces in Southeast Asia that continue to facilitate money laundering, stolen data trading, and “pig butchering” scam infrastructure. The Hydra Effect: How Huione Multiply Under Pressure The $27 billion Huione marketplace had operated as a sophisticated criminal ecosystem, offering everything from fake documents and stolen personal data to money laundering services and intimidation-for-hire through Telegram’s encrypted infrastructure. The platform’s reach extended far beyond simple financial crime, with ties to human trafficking operations disguised as legitimate IT companies across Cambodia, Laos, and Myanmar, where victims were forced to execute romance scams and crypto fraud under constant surveillance. Huione has been connected to Cambodia’s ruling elite and its role in laundering proceeds for North Korea’s Lazarus Group. This made it a primary target for the U.S. Treasury’s FinCEN, which designated the entire Huione Group as a money laundering concern in May 2025. The criminal enterprise strategically acquired a 30% stake in Tudou Guarantee in December 2024, effectively ensuring operational continuity before enforcement action materialized. This planning enabled the seamless migration of hundreds of thousands of users. Tudou’s transaction volumes surged from negligible levels to over 300,000 by June 15. The same merchants who previously operated through Huione immediately established operations on Tudou, offering identical services, including stolen data, money laundering capabilities, and specialized tools for pig butchering scams targeting Western victims. Beyond Tudou’s dominance, multiple smaller platforms experienced exponential growth as the criminal ecosystem fragmented and diversified. According to Elliptic, Shuangying marketplace saw user numbers triple from 40,000 to 110,000 transactions, and Fully Light expanded from 20,000 to over 80,000 transactions. These platforms use Telegram’s encryption for communication and comprehensive business operations, including reputation management, order fulfillment, and dispute resolution among vendors and clients. They also use Tether’s USDT stablecoin as the primary medium of exchange, which provides these criminals with dollar-denominated stability while avoiding traditional banking systems. The UN estimates that Telegram-based criminal activity generates up to $36.5 billion annually through scams, money laundering, and stolen data sales. Ongoing Enforcement Challenges On Telegram’s Encrypted Crime Economy Despite Telegram’s cooperation in removing thousands of channels and banning associated accounts, Chainalysis research revealed that Huione’s core cryptocurrency processing infrastructure remained operational, which Elliptic also confirmed. The platform is simply migrating to new domains and quietly resuming Telegram’s presence within weeks of the apparent shutdown. This resilience stems from the platform’s complex architecture, which separates public-facing marketing infrastructure from core financial processing systems. This allows criminal operations to continue even when their most visible components face disruption. The enforcement action’s limited impact becomes particularly evident when examining the broader criminal ecosystem that Huione enabled, including forcing trafficking victims into crypto scam operations across Southeast Asian compounds where legitimate job seekers are lured with false IT positions before being held against their will and coerced into executing fraudulent schemes. These physical operations, often disguised as customer service centers, create a hybrid criminal model that combines digital financial crime with traditional human trafficking, making comprehensive enforcement exponentially more complex as it requires coordination across multiple jurisdictions and crime categories. While Telegram has begun responding to pressure by removing certain features and updating content policies, the platform’s core encrypted messaging capabilities remain attractive to criminals who exploit the technology’s legitimate privacy protections to operate sophisticated marketplace ecosystems. The challenge for regulators lies in addressing criminal abuse without undermining the privacy rights and communication security that make encrypted platforms valuable for legitimate users worldwide. Telegram CEO Pavel Durov is also fighting this battle with the regulators. He was recently arrested and released on bail, but surveillance remains. Appreciate the work 👍 FOLLOW BeMaster BuySmart 🚀 TO FIND OUT MORE $$$$$ 🤩 BE MASTER BUY SMART 🤩

Telegram Shuts Down Huione’s Largest Crypto Scam Market Ever, But Rivals Take Over with 400% Volume

#CryptoScamAlert
Telegram shuts down $27B Huione crypto scam market but rivals surge 400% as Tudou Guarantee absorbs criminal user base within weeks.
Telegram shutting down Huione Guarantee, the largest illicit marketplace in history, with over $27 billion in transactions, paradoxically strengthened the dark market as rival platforms experienced a 400% volume surge and quickly absorbed the criminal user base.
Following blockchain analytics firm Elliptic’s investigation, Telegram banned thousands of channels and accounts linked to Huione on May 13, 2025.
However, the successor platform, Tudou Guarantee, immediately captured the displaced criminal activity, processing equal volumes within weeks of the shutdown.

Elliptic tracked over 30 highly active guarantee marketplaces in Southeast Asia that continue to facilitate money laundering, stolen data trading, and “pig butchering” scam infrastructure.
The Hydra Effect: How Huione Multiply Under Pressure
The $27 billion Huione marketplace had operated as a sophisticated criminal ecosystem, offering everything from fake documents and stolen personal data to money laundering services and intimidation-for-hire through Telegram’s encrypted infrastructure.
The platform’s reach extended far beyond simple financial crime, with ties to human trafficking operations disguised as legitimate IT companies across Cambodia, Laos, and Myanmar, where victims were forced to execute romance scams and crypto fraud under constant surveillance.
Huione has been connected to Cambodia’s ruling elite and its role in laundering proceeds for North Korea’s Lazarus Group. This made it a primary target for the U.S. Treasury’s FinCEN, which designated the entire Huione Group as a money laundering concern in May 2025.
The criminal enterprise strategically acquired a 30% stake in Tudou Guarantee in December 2024, effectively ensuring operational continuity before enforcement action materialized.

This planning enabled the seamless migration of hundreds of thousands of users. Tudou’s transaction volumes surged from negligible levels to over 300,000 by June 15.
The same merchants who previously operated through Huione immediately established operations on Tudou, offering identical services, including stolen data, money laundering capabilities, and specialized tools for pig butchering scams targeting Western victims.
Beyond Tudou’s dominance, multiple smaller platforms experienced exponential growth as the criminal ecosystem fragmented and diversified.
According to Elliptic, Shuangying marketplace saw user numbers triple from 40,000 to 110,000 transactions, and Fully Light expanded from 20,000 to over 80,000 transactions.

These platforms use Telegram’s encryption for communication and comprehensive business operations, including reputation management, order fulfillment, and dispute resolution among vendors and clients.
They also use Tether’s USDT stablecoin as the primary medium of exchange, which provides these criminals with dollar-denominated stability while avoiding traditional banking systems.
The UN estimates that Telegram-based criminal activity generates up to $36.5 billion annually through scams, money laundering, and stolen data sales.
Ongoing Enforcement Challenges On Telegram’s Encrypted Crime Economy
Despite Telegram’s cooperation in removing thousands of channels and banning associated accounts, Chainalysis research revealed that Huione’s core cryptocurrency processing infrastructure remained operational, which Elliptic also confirmed.

The platform is simply migrating to new domains and quietly resuming Telegram’s presence within weeks of the apparent shutdown.
This resilience stems from the platform’s complex architecture, which separates public-facing marketing infrastructure from core financial processing systems. This allows criminal operations to continue even when their most visible components face disruption.
The enforcement action’s limited impact becomes particularly evident when examining the broader criminal ecosystem that Huione enabled, including forcing trafficking victims into crypto scam operations across Southeast Asian compounds where legitimate job seekers are lured with false IT positions before being held against their will and coerced into executing fraudulent schemes.

These physical operations, often disguised as customer service centers, create a hybrid criminal model that combines digital financial crime with traditional human trafficking, making comprehensive enforcement exponentially more complex as it requires coordination across multiple jurisdictions and crime categories.
While Telegram has begun responding to pressure by removing certain features and updating content policies, the platform’s core encrypted messaging capabilities remain attractive to criminals who exploit the technology’s legitimate privacy protections to operate sophisticated marketplace ecosystems.
The challenge for regulators lies in addressing criminal abuse without undermining the privacy rights and communication security that make encrypted platforms valuable for legitimate users worldwide.
Telegram CEO Pavel Durov is also fighting this battle with the regulators. He was recently arrested and released on bail, but surveillance remains.

Appreciate the work 👍 FOLLOW BeMaster BuySmart 🚀 TO FIND OUT MORE $$$$$ 🤩 BE MASTER BUY SMART 🤩
The $50 Million Deception: Unmasking the Dark Underbelly of Telegram OTC Crypto Deals🚨 ATTENTION CRYPTO COMMUNITY! We're diving deep into a recent, shocking $50 million Ponzi scheme that has rattled the crypto world, leaving a trail of broken trust, financial ruin, and calls for justice. If you've ever considered an "exclusive" OTC deal on Telegram, this story is your ultimate warning. The crypto space is exhilarating, offering unparalleled opportunities. But lurking in its shadows are traps set by deceptive actors, and the latest one has claimed a staggering $50 million, ensnaring everyone from seasoned VCs to everyday investors. The Honeypot: Too Good to Be True Discounts It all started innocently enough, between November 2024 and January 2025, within the seemingly exclusive Telegram VC chats. The whispers were irresistible: top-tier tokens like $APTOS, $GRT, and $SEI, offered at an unbelievable 50% discount! The catch? A standard 4-5 month vesting period with promises of "smooth deliveries." And here’s the sinister genius of it: investors did receive their tokens, right on time. This wasn't just a transaction; it was a masterclass in psychological manipulation. Trust was built, and with that trust, the volume of deals exploded. The Scale and the Siren Song of FOMO By February 2025, the "success" fueled an insatiable appetite. The offers grew bolder, featuring even larger allocations and more prominent projects: #SUI, #Near, #Axelar, #Grass. The pitch remained alluringly similar. But beneath the surface, cracks began to show. Buyers, now confidently pouring millions, noticed a worrying trend: deliveries slowed to a trickle. Excuses poured in – "KYC delays," "exchange congestion," "devs traveling." The Warnings Were Blared, But Ignored: As shown in our evidence, even the official project teams tried to intervene. On May 13, 2025, Adeniyi.sui (@EmanAbio) of the SUI team publicly tweeted: “Stop falling for TG scammers selling you OTC deals. There is NO deal. Just go to the public market like everyone else.” Similarly, MultiversX (EGLD) co-founders echoed concerns about "potential EGLD OTC deals" with "serious red flags." Yet, the market, blinded by the promise of cheap tokens and the memory of past "successful" deliveries, tragically ignored these critical alerts. FOMO – the Fear Of Missing Out – completely overrode logic. The Ponzi machine churned onward. The Catastrophic Collapse: $50 Million Vanishes On June 1, 2025, the illusion shattered. New tokens stopped being sent. The bustling OTC channels went silent, an ominous calm before the storm. By June 19, Aza Ventures, one of the most prominent deal brokers in this opaque market, finally confessed. Their shocking "Important Update" on Telegram read: “We Have Been Scammed.” They revealed that the "Source 1" behind the deals had ghosted. A staggering $50 million Ponzi scheme had just imploded. The Path to Ruin (Partial List of Tokens Involved): Nov '24 – Jan '25: Aptos, Sui, Swell, Coti, Kava, Fluid, OG, Aethir. (The trust-building phase)Feb '25 – Jun '25: Sui, Near, Aptos, Sui, Highstreet, Altlayer, Graph, Celestia, LayerZero, Berachain, EGLD, Wormhole. (The scaling and collapse phase) "Source 1" Unmasked: Ravindra Kumar Through diligent community wallet tracing and leaked screenshots, the identity of “Source 1” was revealed: Ravindra Kumar (@ravidsrk), known for his previous project Frontier (Binance-listed) and as the founder of Self Chain (SLF). While Ravindra publicly denies all allegations on X, claiming innocence, the blockchain doesn't lie. Wallet receipts directly link him. One wallet alone, traced to “Source 1,” reportedly received over $24.5 million on BSC! An Axelar wallet with $310K in 4AXL? Gone, traced to a Binance deposit address – a classic Ponzi move of capital rotation, using new investor funds to pay off older ones. Beyond a Rug Pull: Lives Devastated This wasn't just another crypto scam; it was a calculated, devastating blow to a wide range of investors. Well-known VCs, influential whales, top KOLs, and respected crypto OGs lost millions – some over $1 million each. But even more heartbreakingly, individuals lost their **life savings.** The human cost is immeasurable. One Telegram admin relayed a chilling message from a victim: **"My life ended in death, I lost all my 5 years of savings by coming to OTC. I am going to commit suicide, thank you @Aza_Waseem." The community is in shock, devastated, and united in their pursuit of justice. ### Aza Ventures: Victim or Co-Conspirator? Aza Ventures, once celebrated as a gateway to exclusive deals, is now under intense scrutiny. Publicly, they claim victimhood, stating, "We were victims too." However, their past statements contradict their current financial woes. Just weeks before the collapse, Aza Ventures' CEO, Waseem, confidently stated in a Telegram chat: **"For OTCs Aza Ventures has guaranteed allocation So if seller doesn't send, We will Refund or send Tokens... We manage 200M$+ Fund OTCs are very small."** Now, Aza Ventures admits only $100,000 remains liquid out of their "personal funds" used to try and "maintain distributions" – a paltry sum compared to the $50 million lost. Their recent statements, like the one below, outline their efforts but paint a grim financial picture: Indian tax authorities are not taking this lightly. They recently raided Aza's operations, seized devices, and launched a probe into crypto OTC tax evasion. A summons directed to Mohammed Waseem details an inquiry regarding "crypto services provided by you under the Central Goods and Services Tax Act, 2017." The summons from Indian tax authorities to Mohammed Waseem While Aza promises legal action and pins hopes on "future token unlocks" from Ravindra, for the shattered victims, recovery feels incredibly distant. They are now asking for victims to submit KYC details for selective refunds, a process that adds another layer of complexity for those seeking their lost funds. Aza Ventures' communication about liquidating assets and requesting KYC details for selective refunds The Unforgettable Lesson: Your Trust, Their Weapon The $50 million question lingers: How did an off-chain OTC market, built on nothing more than "Telegram trust," manage to decimate so many? The answer is a stark reminder to us all: When you engage in OTC deals via Telegram without robust documentation, legally binding vesting contracts, or proper legal cover… you are not investing. You are gambling in a dark room, with someone else holding the only matchstick. The allure of discounted tokens fueled greed, and greed blinded even the most experienced players to the fundamental risks of an unregulated, opaque market. In the wild west of crypto, trust is invaluable, but it should never be blind. Always, always, ALWAYS conduct your own thorough due diligence. Verify, verify, verify. This story is a crucial wake-up call for the entire crypto community. Don't let yourself or your friends fall prey to similar schemes. What are your thoughts on this colossal scam? Have you encountered similar "too good to be true" offers? Share your insights and experiences in the comments below. Let's learn from this devastating incident and work together to build a safer, more transparent crypto space. 👉 Don't forget to like, share, and follow us for more critical insights and market updates to stay informed and protected in the ever-evolving crypto landscape! #CryptoScamAlert #OTCScam #OTCsafety #CryptoNews #Web3 $BTC {spot}(BTCUSDT) $SOL {spot}(SOLUSDT)  

The $50 Million Deception: Unmasking the Dark Underbelly of Telegram OTC Crypto Deals

🚨 ATTENTION CRYPTO COMMUNITY! We're diving deep into a recent, shocking $50 million Ponzi scheme that has rattled the crypto world, leaving a trail of broken trust, financial ruin, and calls for justice. If you've ever considered an "exclusive" OTC deal on Telegram, this story is your ultimate warning.

The crypto space is exhilarating, offering unparalleled opportunities. But lurking in its shadows are traps set by deceptive actors, and the latest one has claimed a staggering $50 million, ensnaring everyone from seasoned VCs to everyday investors.

The Honeypot: Too Good to Be True Discounts

It all started innocently enough, between November 2024 and January 2025, within the seemingly exclusive Telegram VC chats. The whispers were irresistible: top-tier tokens like $APTOS, $GRT, and $SEI, offered at an unbelievable 50% discount! The catch? A standard 4-5 month vesting period with promises of "smooth deliveries."

And here’s the sinister genius of it: investors did receive their tokens, right on time. This wasn't just a transaction; it was a masterclass in psychological manipulation. Trust was built, and with that trust, the volume of deals exploded.

The Scale and the Siren Song of FOMO

By February 2025, the "success" fueled an insatiable appetite. The offers grew bolder, featuring even larger allocations and more prominent projects: #SUI, #Near, #Axelar, #Grass. The pitch remained alluringly similar.

But beneath the surface, cracks began to show. Buyers, now confidently pouring millions, noticed a worrying trend: deliveries slowed to a trickle. Excuses poured in – "KYC delays," "exchange congestion," "devs traveling."

The Warnings Were Blared, But Ignored:

As shown in our evidence, even the official project teams tried to intervene. On May 13, 2025, Adeniyi.sui (@EmanAbio) of the SUI team publicly tweeted: “Stop falling for TG scammers selling you OTC deals. There is NO deal. Just go to the public market like everyone else.” Similarly, MultiversX (EGLD) co-founders echoed concerns about "potential EGLD OTC deals" with "serious red flags."

Yet, the market, blinded by the promise of cheap tokens and the memory of past "successful" deliveries, tragically ignored these critical alerts. FOMO – the Fear Of Missing Out – completely overrode logic. The Ponzi machine churned onward.

The Catastrophic Collapse: $50 Million Vanishes

On June 1, 2025, the illusion shattered. New tokens stopped being sent. The bustling OTC channels went silent, an ominous calm before the storm.

By June 19, Aza Ventures, one of the most prominent deal brokers in this opaque market, finally confessed. Their shocking "Important Update" on Telegram read: “We Have Been Scammed.” They revealed that the "Source 1" behind the deals had ghosted.

A staggering $50 million Ponzi scheme had just imploded.

The Path to Ruin (Partial List of Tokens Involved):

Nov '24 – Jan '25: Aptos, Sui, Swell, Coti, Kava, Fluid, OG, Aethir. (The trust-building phase)Feb '25 – Jun '25: Sui, Near, Aptos, Sui, Highstreet, Altlayer, Graph, Celestia, LayerZero, Berachain, EGLD, Wormhole. (The scaling and collapse phase)

"Source 1" Unmasked: Ravindra Kumar

Through diligent community wallet tracing and leaked screenshots, the identity of “Source 1” was revealed: Ravindra Kumar (@ravidsrk), known for his previous project Frontier (Binance-listed) and as the founder of Self Chain (SLF).

While Ravindra publicly denies all allegations on X, claiming innocence, the blockchain doesn't lie. Wallet receipts directly link him. One wallet alone, traced to “Source 1,” reportedly received over $24.5 million on BSC! An Axelar wallet with $310K in 4AXL? Gone, traced to a Binance deposit address – a classic Ponzi move of capital rotation, using new investor funds to pay off older ones.

Beyond a Rug Pull: Lives Devastated

This wasn't just another crypto scam; it was a calculated, devastating blow to a wide range of investors. Well-known VCs, influential whales, top KOLs, and respected crypto OGs lost millions – some over $1 million each. But even more heartbreakingly, individuals lost their **life savings.** The human cost is immeasurable. One Telegram admin relayed a chilling message from a victim: **"My life ended in death, I lost all my 5 years of savings by coming to OTC. I am going to commit suicide, thank you @Aza_Waseem."

The community is in shock, devastated, and united in their pursuit of justice. ### Aza Ventures: Victim or Co-Conspirator? Aza Ventures, once celebrated as a gateway to exclusive deals, is now under intense scrutiny. Publicly, they claim victimhood, stating, "We were victims too." However, their past statements contradict their current financial woes. Just weeks before the collapse, Aza Ventures' CEO, Waseem, confidently stated in a Telegram chat: **"For OTCs Aza Ventures has guaranteed allocation So if seller doesn't send, We will Refund or send Tokens... We manage 200M$+ Fund OTCs are very small."**

Now, Aza Ventures admits only $100,000 remains liquid out of their "personal funds" used to try and "maintain distributions" – a paltry sum compared to the $50 million lost. Their recent statements, like the one below, outline their efforts but paint a grim financial picture:

Indian tax authorities are not taking this lightly. They recently raided Aza's operations, seized devices, and launched a probe into crypto OTC tax evasion. A summons directed to Mohammed Waseem details an inquiry regarding "crypto services provided by you under the Central Goods and Services Tax Act, 2017."

The summons from Indian tax authorities to Mohammed Waseem

While Aza promises legal action and pins hopes on "future token unlocks" from Ravindra, for the shattered victims, recovery feels incredibly distant. They are now asking for victims to submit KYC details for selective refunds, a process that adds another layer of complexity for those seeking their lost funds.

Aza Ventures' communication about liquidating assets and requesting KYC details for selective refunds

The Unforgettable Lesson: Your Trust, Their Weapon

The $50 million question lingers: How did an off-chain OTC market, built on nothing more than "Telegram trust," manage to decimate so many?

The answer is a stark reminder to us all: When you engage in OTC deals via Telegram without robust documentation, legally binding vesting contracts, or proper legal cover… you are not investing. You are gambling in a dark room, with someone else holding the only matchstick.

The allure of discounted tokens fueled greed, and greed blinded even the most experienced players to the fundamental risks of an unregulated, opaque market. In the wild west of crypto, trust is invaluable, but it should never be blind. Always, always, ALWAYS conduct your own thorough due diligence. Verify, verify, verify.

This story is a crucial wake-up call for the entire crypto community. Don't let yourself or your friends fall prey to similar schemes.

What are your thoughts on this colossal scam? Have you encountered similar "too good to be true" offers? Share your insights and experiences in the comments below. Let's learn from this devastating incident and work together to build a safer, more transparent crypto space.

👉 Don't forget to like, share, and follow us for more critical insights and market updates to stay informed and protected in the ever-evolving crypto landscape!

#CryptoScamAlert #OTCScam #OTCsafety #CryptoNews #Web3

$BTC

$SOL

 
--
Haussier
💥💥💥Stay Vigilant: Protect Your Crypto from Scammers🚀🚀🚀🚀 A recent incident highlights the importance of safeguarding your wallet credentials. After making a payment in Solana, a trader was asked for their 12-word secret recovery phrase—an unmistakable red flag for a scam. Wisely, they refused and were removed from the group, avoiding a potential total loss of their assets. This serves as a critical reminder: never share your wallet’s recovery phrase with anyone, no matter the circumstances. Scammers often use small bait transactions to gain trust before attempting to steal larger amounts. Always verify the legitimacy of groups or platforms before engaging, and prioritize the security of your funds over any trade opportunity. #CryptoScamsExposed #CryptoScamAlert #BTCXmasOrDip? #CryptoRegulation2025 #2024withBinance
💥💥💥Stay Vigilant: Protect Your Crypto from Scammers🚀🚀🚀🚀

A recent incident highlights the importance of safeguarding your wallet credentials. After making a payment in Solana, a trader was asked for their 12-word secret recovery phrase—an unmistakable red flag for a scam. Wisely, they refused and were removed from the group, avoiding a potential total loss of their assets. This serves as a critical reminder: never share your wallet’s recovery phrase with anyone, no matter the circumstances. Scammers often use small bait transactions to gain trust before attempting to steal larger amounts. Always verify the legitimacy of groups or platforms before engaging, and prioritize the security of your funds over any trade opportunity.

#CryptoScamsExposed #CryptoScamAlert #BTCXmasOrDip? #CryptoRegulation2025 #2024withBinance
Russian Citizen Assaulted and Robbed in Thailand Over Cryptocurrency DisputeIncident in Phuket: Crypto Debt Leads to Violent Robbery Thai police have launched an investigation into two Russian nationals accused of assaulting and robbing their compatriot over a cryptocurrency debt. The incident occurred at a hotel in Karon, Phuket. According to the local newspaper Khaosod, a 31-year-old man was attacked over a $120,000 debt linked to previous cryptocurrency transactions in Russia. The attackers, who were known to the victim, forced him to attempt unlocking his crypto wallet. When he refused, violence ensued. Assault and Suspects’ Escape One of the suspects, identified as Andrei, allegedly threatened to kill the victim if the debt was not paid. The victim was repeatedly punched, kicked, and eventually lost consciousness after being struck on the head. The attackers then stole $20,000 in cash and fled, leaving the victim tied up in the bathroom. Investigators revealed that one suspect remained in Thailand, while the other, Dmitri, fled to Dubai. Arrest warrants have been issued, and Thai authorities are collaborating with immigration and police agencies to apprehend the suspects. Cryptocurrencies as Targets of Violent Crime Rising Value of Cryptocurrencies Attracts Criminals The Phuket incident is part of a growing trend where cryptocurrencies play a role in severe criminal activities. The year 2024 saw numerous violent incidents linked to digital assets, ranging from kidnappings to extortion. In July, a 29-year-old tourist in Kyiv was kidnapped and murdered as criminals attempted to seize his 3 bitcoins. Authorities described the event as a calculated plan that ended with the victim's death after the forced transfer of cryptocurrency failed. Case in Costa Rica: Armed Robbery of Bitcoins A similar case occurred in August on a beach in Costa Rica, where 11 Israeli tourists were robbed of a significant amount of bitcoins. The attackers, disguised as police officers, used firearms during the assault, raising concerns about the involvement of organized crime groups with police training. Cryptocurrencies: Valuable Targets That Attract Danger As cryptocurrencies grow in popularity, incidents of violence and crime associated with these digital assets are on the rise. This trend underscores the need for enhanced security measures and better protection for investors on a global scale. #CryptoCrime , #Bitcoin❗ , #CryptoSafety , #cybercrime , #CryptoScamAlert Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies! Notice: ,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Russian Citizen Assaulted and Robbed in Thailand Over Cryptocurrency Dispute

Incident in Phuket: Crypto Debt Leads to Violent Robbery
Thai police have launched an investigation into two Russian nationals accused of assaulting and robbing their compatriot over a cryptocurrency debt. The incident occurred at a hotel in Karon, Phuket.
According to the local newspaper Khaosod, a 31-year-old man was attacked over a $120,000 debt linked to previous cryptocurrency transactions in Russia. The attackers, who were known to the victim, forced him to attempt unlocking his crypto wallet. When he refused, violence ensued.
Assault and Suspects’ Escape
One of the suspects, identified as Andrei, allegedly threatened to kill the victim if the debt was not paid. The victim was repeatedly punched, kicked, and eventually lost consciousness after being struck on the head. The attackers then stole $20,000 in cash and fled, leaving the victim tied up in the bathroom.
Investigators revealed that one suspect remained in Thailand, while the other, Dmitri, fled to Dubai. Arrest warrants have been issued, and Thai authorities are collaborating with immigration and police agencies to apprehend the suspects.
Cryptocurrencies as Targets of Violent Crime
Rising Value of Cryptocurrencies Attracts Criminals
The Phuket incident is part of a growing trend where cryptocurrencies play a role in severe criminal activities. The year 2024 saw numerous violent incidents linked to digital assets, ranging from kidnappings to extortion.
In July, a 29-year-old tourist in Kyiv was kidnapped and murdered as criminals attempted to seize his 3 bitcoins. Authorities described the event as a calculated plan that ended with the victim's death after the forced transfer of cryptocurrency failed.
Case in Costa Rica: Armed Robbery of Bitcoins
A similar case occurred in August on a beach in Costa Rica, where 11 Israeli tourists were robbed of a significant amount of bitcoins. The attackers, disguised as police officers, used firearms during the assault, raising concerns about the involvement of organized crime groups with police training.
Cryptocurrencies: Valuable Targets That Attract Danger
As cryptocurrencies grow in popularity, incidents of violence and crime associated with these digital assets are on the rise. This trend underscores the need for enhanced security measures and better protection for investors on a global scale.

#CryptoCrime , #Bitcoin❗ , #CryptoSafety , #cybercrime , #CryptoScamAlert

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Crypto's Twisted Irony: Scammers Now Being Scammed – A Deep Dive into the Digital Underworld 🤡🪤The cryptocurrency landscape, already rife with scams and schemes, has witnessed a bizarre new development: scammers are now falling prey to elaborate traps set by their own kind. This ironic twist, recently highlighted by Kaspersky's security research, reveals a level of cunning that even seasoned cybercriminals might find impressive. This isn't just a simple trick; it's a meticulously crafted operation designed to exploit the greed of would-be thieves. The Bait: A Cry for Help and a "Vulnerable" Wallet 🥺💰 The scam unfolds primarily on platforms like YouTube, where seemingly innocent pleas for help are posted. These messages typically involve a supposed cryptocurrency novice claiming to have USDT (a stablecoin) stored in a wallet, along with the all-important seed phrase. A seed phrase, a series of words acting as a master key 🔑, grants complete access to a cryptocurrency wallet. Kaspersky provided an illustrative example: "I have USDT stored in my wallet, and I have the seed phrase. How do I transfer my funds to another wallet?" The "wallet" in question purportedly holds over $8,000 worth of stablecoins on the Tron blockchain. This seemingly naive question is the carefully laid bait. The Trap: The Multi-Signature Wallet and the Vanishing Gas ✍️✍️⛽💨 The key to this elaborate trap lies in the use of a multi-signature wallet. Unlike a standard wallet, a multi-signature wallet requires multiple authorizations for any transaction to occur. This crucial detail is what transforms the attempted theft into a counter-scam. To understand the mechanics, it's essential to grasp the concept of "gas." On blockchains like Tron, every transaction requires a small fee, known as gas, paid in the network's native cryptocurrency (TRX). This fee compensates the network for processing the transaction. The scammers present a wallet that appears vulnerable due to the shared seed phrase. When opportunistic thieves attempt to exploit this "vulnerability" by sending TRX to cover the gas fee needed to move the USDT, they fall into the trap. The TRX tokens, instead of enabling the transfer of USDT, vanish into a separate wallet controlled by the original scammers. How it Works: Exploiting the Mechanics of Blockchain 🎭 The brilliance of this scheme is in how it exploits the fundamental workings of blockchain technology. While the seed phrase grants access to see the contents of the wallet, the multi-signature requirement prevents any unauthorized movement of the funds. When a would-be thief attempts a transaction, the multi-signature protocol diverts the gas fee (TRX) to the scammers' wallet. Essentially, the scammers are using the multi-signature function as a digital tripwire. Any attempt to tamper with the "vulnerable" wallet triggers the transfer of the gas fee to their control. The aspiring thieves, thinking they've found an easy score, inadvertently fund the very scam that ensnares them. Digital Robin Hoods or Just Scammers Scammed? 🏹⚖️ Kaspersky describes this situation as a twisted form of digital justice: "The scammers are impersonating beginners who foolishly share access to their crypto wallets, tricking equally naive thieves — who end up becoming the victims." This creates a strange dynamic where the scammers are effectively stealing from other criminals. This phenomenon is not isolated. Kaspersky has observed numerous similar instances online, with new accounts repeatedly posting identical messages and using the same seed phrase as bait. This suggests a coordinated campaign rather than isolated incidents. Targeting Small-Time Crooks 💸➡️😈 Given the relatively low cost of gas fees (typically less than $10 on most blockchains), this scam likely targets smaller-time scammers or "wannabe" thieves. It's not about orchestrating complex heists to steal vast fortunes; it's about capitalizing on the greed and opportunism of those looking for a quick and easy profit. The Bigger Picture: A Reminder of the Crypto Wild West 🌐😈 This bizarre scenario underscores the inherent risks and complexities of the cryptocurrency world. Where anonymity and decentralized control prevail, even criminals are not immune to being targeted. This incident serves as a stark reminder that vigilance and skepticism are paramount, even within the criminal underworld of crypto. The volatility and lack of robust regulation within the crypto space continue to create fertile ground for scams of all kinds. This latest iteration is a testament to the ever-evolving tactics of cybercriminals. As the old adage goes, there's no honor among thieves, especially in the digital age. This sophisticated scam highlights that even in the digital underworld, the hunter can quickly become the hunted. #CryptoScamAlert

Crypto's Twisted Irony: Scammers Now Being Scammed – A Deep Dive into the Digital Underworld 🤡🪤

The cryptocurrency landscape, already rife with scams and schemes, has witnessed a bizarre new development: scammers are now falling prey to elaborate traps set by their own kind. This ironic twist, recently highlighted by Kaspersky's security research, reveals a level of cunning that even seasoned cybercriminals might find impressive. This isn't just a simple trick; it's a meticulously crafted operation designed to exploit the greed of would-be thieves.
The Bait: A Cry for Help and a "Vulnerable" Wallet 🥺💰
The scam unfolds primarily on platforms like YouTube, where seemingly innocent pleas for help are posted. These messages typically involve a supposed cryptocurrency novice claiming to have USDT (a stablecoin) stored in a wallet, along with the all-important seed phrase. A seed phrase, a series of words acting as a master key 🔑, grants complete access to a cryptocurrency wallet.
Kaspersky provided an illustrative example: "I have USDT stored in my wallet, and I have the seed phrase. How do I transfer my funds to another wallet?" The "wallet" in question purportedly holds over $8,000 worth of stablecoins on the Tron blockchain. This seemingly naive question is the carefully laid bait.
The Trap: The Multi-Signature Wallet and the Vanishing Gas ✍️✍️⛽💨
The key to this elaborate trap lies in the use of a multi-signature wallet. Unlike a standard wallet, a multi-signature wallet requires multiple authorizations for any transaction to occur. This crucial detail is what transforms the attempted theft into a counter-scam.
To understand the mechanics, it's essential to grasp the concept of "gas." On blockchains like Tron, every transaction requires a small fee, known as gas, paid in the network's native cryptocurrency (TRX). This fee compensates the network for processing the transaction.
The scammers present a wallet that appears vulnerable due to the shared seed phrase. When opportunistic thieves attempt to exploit this "vulnerability" by sending TRX to cover the gas fee needed to move the USDT, they fall into the trap. The TRX tokens, instead of enabling the transfer of USDT, vanish into a separate wallet controlled by the original scammers.
How it Works: Exploiting the Mechanics of Blockchain 🎭
The brilliance of this scheme is in how it exploits the fundamental workings of blockchain technology. While the seed phrase grants access to see the contents of the wallet, the multi-signature requirement prevents any unauthorized movement of the funds. When a would-be thief attempts a transaction, the multi-signature protocol diverts the gas fee (TRX) to the scammers' wallet.
Essentially, the scammers are using the multi-signature function as a digital tripwire. Any attempt to tamper with the "vulnerable" wallet triggers the transfer of the gas fee to their control. The aspiring thieves, thinking they've found an easy score, inadvertently fund the very scam that ensnares them.
Digital Robin Hoods or Just Scammers Scammed? 🏹⚖️
Kaspersky describes this situation as a twisted form of digital justice: "The scammers are impersonating beginners who foolishly share access to their crypto wallets, tricking equally naive thieves — who end up becoming the victims." This creates a strange dynamic where the scammers are effectively stealing from other criminals.
This phenomenon is not isolated. Kaspersky has observed numerous similar instances online, with new accounts repeatedly posting identical messages and using the same seed phrase as bait. This suggests a coordinated campaign rather than isolated incidents.
Targeting Small-Time Crooks 💸➡️😈
Given the relatively low cost of gas fees (typically less than $10 on most blockchains), this scam likely targets smaller-time scammers or "wannabe" thieves. It's not about orchestrating complex heists to steal vast fortunes; it's about capitalizing on the greed and opportunism of those looking for a quick and easy profit.
The Bigger Picture: A Reminder of the Crypto Wild West 🌐😈
This bizarre scenario underscores the inherent risks and complexities of the cryptocurrency world. Where anonymity and decentralized control prevail, even criminals are not immune to being targeted. This incident serves as a stark reminder that vigilance and skepticism are paramount, even within the criminal underworld of crypto.
The volatility and lack of robust regulation within the crypto space continue to create fertile ground for scams of all kinds. This latest iteration is a testament to the ever-evolving tactics of cybercriminals. As the old adage goes, there's no honor among thieves, especially in the digital age. This sophisticated scam highlights that even in the digital underworld, the hunter can quickly become the hunted.
#CryptoScamAlert
Crypto Education and the Impact of TrumpCoin: A Look at Responsibility in the Cryptocurrency SpaceCryptocurrency has become a global phenomenon, but with its rise, so too have concerns about scams, fraud, and market manipulation. One of the most controversial examples is TrumpCoin, a meme coin associated with former U.S. President Donald Trump. The token's rise has sparked heated debates over its legitimacy, transparency, and the responsibility of influencers in the crypto space. The Problem with TrumpCoin and Meme Coins The launch of TrumpCoin and other meme-based cryptocurrencies has caused many to question the ethicality and sustainability of such projects. While some early investors reaped massive profits, the vast majority of retail investors faced significant losses. According to reports, over 813,000 wallets lost approximately $2 billion while the creators and promoters of the coin made nearly $100 million in trading fees. This has led to criticism of public figures like Donald Trump, who have promoted coins without providing real utility or transparency, manipulating market sentiment and taking advantage of small investors. Who is Responsible for Crypto Education? With the rise of projects like TrumpCoin, it's clear that the cryptocurrency world needs better education to protect investors and ensure responsible practices. Several parties have a role to play in this: Government and Regulatory Bodies: Governments must develop public education campaigns about crypto risks and regulate exchanges to ensure transparency and fair practices. They should also offer financial literacy programs that incorporate cryptocurrency education. Crypto Projects and Blockchain Companies: These companies should be transparent about their projects, tokenomics, and risks. They should also engage in educational efforts to inform the public about the true potential and limitations of their products. Exchanges and Platforms: Crypto exchanges must offer educational resources and implement mandatory risk disclosures to protect investors. They should also limit speculative trading for inexperienced users. Influencers and Public Figures: Celebrities and public figures who promote cryptocurrencies must act responsibly by providing clear, honest information about the risks and financial implications of the tokens they endorse. Media Outlets: Journalists must report on cryptocurrencies in an accurate, balanced way, exposing scams and unethical practices while offering educational content. Academic Institutions: Universities should offer blockchain and cryptocurrency courses, providing in-depth, technical knowledge to prepare future professionals and investors. Individual Investors: Ultimately, investors must educate themselves and exercise caution when entering the crypto market, especially with speculative assets like meme coins. Conclusion The rise of meme coins like TrumpCoin has highlighted the need for better transparency, regulation, and education in the crypto space. While the technology behind cryptocurrency offers real potential, the market is currently fraught with volatility and scams. By holding all stakeholders accountable—from governments and companies to influencers and individual investors—we can help create a safer, more transparent, and responsible crypto ecosystem. This requires a collective effort to ensure that education, regulation, and ethical practices are prioritized, allowing investors to make informed decisions and reducing the risk of exploitation. what’s your thought about this? #blockchaineducation #CryptoEducation💡🚀 #CryptoScamAlert

Crypto Education and the Impact of TrumpCoin: A Look at Responsibility in the Cryptocurrency Space

Cryptocurrency has become a global phenomenon, but with its rise, so too have concerns about scams, fraud, and market manipulation. One of the most controversial examples is TrumpCoin, a meme coin associated with former U.S. President Donald Trump. The token's rise has sparked heated debates over its legitimacy, transparency, and the responsibility of influencers in the crypto space.

The Problem with TrumpCoin and Meme Coins
The launch of TrumpCoin and other meme-based cryptocurrencies has caused many to question the ethicality and sustainability of such projects. While some early investors reaped massive profits, the vast majority of retail investors faced significant losses. According to reports, over 813,000 wallets lost approximately $2 billion while the creators and promoters of the coin made nearly $100 million in trading fees. This has led to criticism of public figures like Donald Trump, who have promoted coins without providing real utility or transparency, manipulating market sentiment and taking advantage of small investors.

Who is Responsible for Crypto Education?
With the rise of projects like TrumpCoin, it's clear that the cryptocurrency world needs better education to protect investors and ensure responsible practices. Several parties have a role to play in this:

Government and Regulatory Bodies: Governments must develop public education campaigns about crypto risks and regulate exchanges to ensure transparency and fair practices. They should also offer financial literacy programs that incorporate cryptocurrency education.

Crypto Projects and Blockchain Companies: These companies should be transparent about their projects, tokenomics, and risks. They should also engage in educational efforts to inform the public about the true potential and limitations of their products.

Exchanges and Platforms: Crypto exchanges must offer educational resources and implement mandatory risk disclosures to protect investors. They should also limit speculative trading for inexperienced users.

Influencers and Public Figures: Celebrities and public figures who promote cryptocurrencies must act responsibly by providing clear, honest information about the risks and financial implications of the tokens they endorse.

Media Outlets: Journalists must report on cryptocurrencies in an accurate, balanced way, exposing scams and unethical practices while offering educational content.

Academic Institutions: Universities should offer blockchain and cryptocurrency courses, providing in-depth, technical knowledge to prepare future professionals and investors.

Individual Investors: Ultimately, investors must educate themselves and exercise caution when entering the crypto market, especially with speculative assets like meme coins.

Conclusion
The rise of meme coins like TrumpCoin has highlighted the need for better transparency, regulation, and education in the crypto space. While the technology behind cryptocurrency offers real potential, the market is currently fraught with volatility and scams. By holding all stakeholders accountable—from governments and companies to influencers and individual investors—we can help create a safer, more transparent, and responsible crypto ecosystem.

This requires a collective effort to ensure that education, regulation, and ethical practices are prioritized, allowing investors to make informed decisions and reducing the risk of exploitation.
what’s your thought about this?
#blockchaineducation #CryptoEducation💡🚀 #CryptoScamAlert
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