The US securities regulator has promised supportive regulations for cryptocurrencies. It does what is necessary, but this does not mean that crypto-themed fraudulent activities will be tolerated. This is exactly what should happen. Today, the SEC filed a lawsuit against 3 crypto platforms and 4 investment clubs.
Cryptocurrency Case
Securities and Exchange Commission cryptocurrency platform Morocoin filed a lawsuit against Berge and Cirkor. AI Wealth Inc., Lane Wealth Inc., AI Investment Education Foundation Ltd. and Zenith Asset Tech Foundation are the investment firms being sued. These 7 companies, which caused losses of more than 14 million dollars to individual investors, are accused of fraud.
“This case reveals a very common form of investment fraud targeting U.S. retail investors with devastating consequences. Our complaint alleges a multi-stage fraud in which the fraudsters lured victims with ads on social media, promised to profit from AI-generated investment tips in group chats where the fraudsters pretended to be financial experts and gained the victims’ trust, then convinced the victims to invest their money in fake crypto asset trading platforms, where their funds were misappropriated.
“Fraud is fraud, and we will vigorously pursue securities fraud that harms individual investors.” – SEC
This structure, which created so-called investment opportunity groups from January 2024 to January 2025, encouraged investors on social media. artificial intelligence led to so-called supported earning opportunities. We mentioned that this type of fraud activity, especially taking advantage of the popularity of artificial intelligence, will increase in 2025. Fraudsters, who still use similar methods with the help of bots on both Telegram and X, continue to hunt for victims.
Investors Should Be Careful
We have been saying for years that opportunities and ideas that sound incredibly good are things that “should not be believed”. The biggest weapon of fraudsters is to make victims expect profit. For example, they still share fake live broadcasts of famous names on YouTube and send Y amount of money to X address. BTC There are scammers who say that senders will receive 2 times BTC. The sad thing is that people still believe this.
In the past and today, there are so-called collaboration platforms where you can put 1 and get 3 with cloud mining. At the same time, investment fraudsters who claim to benefit from the power of artificial intelligence also offer the same so-called profit opportunity. Since these are common methods, it is best to block people who tell you about this (usually bot accounts) as soon as you hear them, take them seriously and not respond.
