Over 2950 People Victimized by Cryptocurrency Scam

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by Giorgi Kostiuk

2 years ago


With the growing popularity of cryptocurrencies, scams and thefts have surged. Recently, over 2950 individuals in Mexico have fallen victim to a scheme involving the cryptocurrency trading bot AMG GPT.

Incident Details

This scam was previously covered by Milenio and involves the company AMG GPT, which had offices in Puebla and Tehuacan. Users claimed the company promised daily profit payouts, but after deposits, customers faced withdrawal issues. Initially, some users did receive profits, but later payouts ceased. One customer reported being asked to pay a verification fee to withdraw their funds. After the closure of offices, some purported 'leaders' claimed they were also victims of the scheme.

Addressing the Issue

Some investors filed complaints with law enforcement and tried reaching out to the company's representatives. However, the offices in Tehuacan were found empty, and the identities of those responsible remain unknown.

The offices in Tehuacán have completely disappeared, leaving the premises empty. And, although some supposed 'leaders' have been identified, they have also claimed to be victims of fraud.

Trends in Crypto Scams

Cryptocurrency scams and thefts are on the rise. Since the beginning of the year, the market has lost over $2 billion due to scams. Centralized platforms were the most affected, followed by DeFi. This year, techniques like social engineering and market manipulation have been particularly prevalent. Despite this, the value of some cryptocurrencies, such as Bitcoin and Ethereum, continues to increase.

Technological advancements offer both opportunities and risks. By taking precautions, it's possible to reduce the risk of falling victim to fraud.

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