Allegations of Fraud: On December 11, 2024, the SEC accused three Nigerians of defrauding investors by impersonating brokers. They convinced victims to buy Bitcoin through legitimate channels, redirecting funds to accounts they controlled, leading to significant financial losses.
Sophisticated Scamming Tactics: The scammers used fake websites and advanced AI tools to bolster credibility. By showcasing fictitious investment gains, they deceived investors into believing they could earn up to 25% monthly returns, but withdrawals only revealed empty promises.