According to @AltcoinAlphaOnX, an over-the-counter (OTC) scam involving multiple cryptocurrencies such as SUI, NEAR, Axelar, and SEI was exposed, with a fraud amount of more than 50 million US dollars, affecting venture capitalists, opinion leaders, and large investors. The scam was operated through a Telegram group for several months. In the early stage, trust was established by fulfilling promises, and then it turned into a Ponzi scheme and eventually collapsed.

The leading party Aza Ventures said that its core trader "Source 1" was the founder of a Binance-listed project, who may be of Indian nationality.