A determined crusade by the SEC against scams in the crypto sector

Decisive Campaign by Regulatory Authorities

The U.S. securities regulator has launched an uncompromising crackdown on fraudulent activities related to cryptocurrencies. Recently, the Securities and Exchange Commission has filed legal actions against three crypto platforms and four investment clubs, demonstrating its commitment to protecting the integrity of digital markets.

Seven Entities in the Crosshairs: a Multi-Million Dollar Scam

The regulatory crusade specifically targeted Morocoin, Berge, and Cirkor, along with AI Wealth Inc., Lane Wealth Inc., AI Investment Education Foundation Ltd., and Zenith Asset Tech Foundation. These entities are accused of orchestrating deceptive schemes that caused losses exceeding $14 million to ordinary investors.

The operational methods described in the complaint reveal an ingenious scam system: the perpetrators exploited social media advertising to lure victims into private chat groups, promising investment advisory returns based on artificial intelligence. Users were subsequently convinced to transfer funds to fake trading platforms where their capital simply disappeared.

The Expansion of the Phenomenon: from AI to Bots

From January 2024 to January 2025, this fraudulent practice has intensified. Scammers have created alleged investment collectives on major social networks, guiding investors toward fictitious opportunities fueled by AI. With the rise of artificial intelligence, experts predict an escalation of similar scams, with criminals further exploiting platforms like Telegram and X, aided by automated bots.

Recognizing Warning Signs: How to Protect Yourself

Investors must learn to identify the classic scam patterns that continue to circulate. On platforms like YouTube, implausible claims persist, with individuals presenting themselves as well-known personalities promising to multiply the value of invested BTC. Equally common are claims of exorbitant returns from collaborative cloud mining platforms, as well as promises of extraordinary gains through artificial intelligence algorithms.

Constant vigilance remains the most effective weapon: recognizing these recurring methods should trigger an immediate cautious response. Blocking or ignoring the responsible parties—often identifiable as bots—is the simplest and most recommended defensive line for informed users.