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A major over-the-counter (OTC) cryptocurrency scam has been uncovered, involving assets such as SUI, NEAR, Axelar, and SEI, with fraudulent activities exceeding $50 million. The scam targeted venture capitalists, opinion leaders, and large investors through a Telegram group, operating over several months. Initially, the scheme built trust by fulfilling promises before evolving into a Ponzi scheme that eventually collapsed. Aza Ventures, the leading party in the scam, claimed that its core trader, known as Source 1, was the founder of a project listed on Binance and may be of Indian nationality.

AXL+2.79%NEAR+12.40%SEI+2.80%SUI+1.36%

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