BlockBeats News, June 21st, according to @AltcoinAlphaOnX, a large-scale over-the-counter (OTC) trading scam involving multiple cryptocurrencies such as SUI, NEAR, Axelar, and SEI was exposed. The scam amounted to over 50 million US dollars and affected venture capitalists, opinion leaders, and whale investors. The scam operated through a Telegram group, lasting for several months. Initially, it built trust by fulfilling promises, then transitioned into a Ponzi scheme, and eventually collapsed.
The leading party, Aza Ventures, referred to their key trader "Source 1" as a founder of a certain Binance-listed project, possibly of Indian nationality.
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