Over 2950 People Victimized by Cryptocurrency Scam

user avatar

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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

CoinDCX Acknowledges $159.9 Million Loss Linked to Retired Wallets

Indian cryptocurrency exchange CoinDCX has acknowledged a significant financial loss of $159.9 million linked to its retired wallet infrastructure due to a failed automated transfer process.

user avatarKaterina Papadopoulou

Shield Launches Confidential Onchain Trading Pair for ZEC

Shield has launched the first confidential onchain trading pair for ZEC, enhancing privacy for traders.

user avatarMaya Lundqvist

C2FO and Ripple Introduce Instant Pay Initiative to Enhance Supplier Payments

C2FO and Ripple have launched the Instant Pay initiative to enhance supplier payments using the XRP Ledger and RLUSD.

user avatarLeo van der Veen

Moody's Ratings Assigns A2 and P1 Ratings to Ripple's RLUSD Stablecoin

Moody's Ratings has assigned an A2 long-term deposit rating and a P1 short-term deposit rating to Ripple's dollar-backed stablecoin RLUSD, issued by Standard Custody Trust Company.

user avatarLi Weicheng

Arthur Hayes Takes Profits and Reduces Market Exposure

Arthur Hayes, cofounder of BitMEX, has closed his directional trading book and taken profits on several tokens due to uncertainty in macroeconomic and geopolitical conditions.

user avatarElias Mukuru

Ethereum Faces Liquidations Amid Bitcoin's Price Volatility

Ethereum positions saw significant liquidations alongside Bitcoin's price drop, with approximately $13.672 million liquidated during the same four-hour period.

user avatarBayarjavkhlan Ganbaatar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.