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BTCC / BTCC Square / Global Cryptocurrency /
SEC Charges Fake Crypto Platforms and AI Investment Clubs in $14M Scam

SEC Charges Fake Crypto Platforms and AI Investment Clubs in $14M Scam

Author:
Global Cryptocurrency
Published:
2025-12-23 14:44:01
17
2
BTCCSquare news:

The U.S. Securities and Exchange Commission has taken legal action against a network of fraudulent crypto trading platforms and AI-branded investment clubs, alleging a coordinated scheme that defrauded retail investors of over $14 million. The complaint, filed in Colorado federal court, names entities including Morocoin Tech Corp., Berge Blockchain Technology Co. Ltd., and Cirkor Inc., along with several investment clubs.

Regulators claim the operation ran from January 2024 through January 2025, using social media ads and WhatsApp groups to lure victims. Fraudsters posed as financial professionals, promoting fabricated crypto products and AI trading tips. No actual trading occurred—investor funds were allegedly misappropriated and routed overseas.

The case highlights growing regulatory scrutiny of crypto-related fraud, particularly schemes exploiting AI HYPE and social media manipulation. While no legitimate cryptocurrencies or exchanges were involved, the SEC's action underscores risks in unverified investment opportunities.

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