Cryptocurrency scams are becoming increasingly sophisticated, preying on trust and financial aspirations. Over the past months, we’ve received multiple reports of fraudulent schemes linked to DAF Financial Institute, OCN DeFi, OPNCoin, and DreamAdviser, each promising high returns but ultimately leaving victims with devastating losses. Below are some of the cases we’ve come across, shedding light on the methods these scammers use.

One victim was deceived by DAF Financial Institute, where a scammer posed as a supportive mentor, offering to guide them through cryptocurrency trading. Initially setting a high investment threshold, the scammer later reduced it to make it seem more accessible. Trusting the process, the victim invested funds, only to discover that withdrawals were impossible. Their Ether/ERC20 tokens were transferred through Robinhood and ended up at a known fraudulent address. The case is currently under investigation.

Another individual lost $25,000 in an investment scam involving OCN DeFi Trading Platform and DAF Institute, where Bitcoin was used for the transaction.

In a more severe case, a victim was misled into investing $100,000 through DAF Academy, believing in the promise of significant returns. However, when they attempted to withdraw, they were denied access.

One of the largest reported losses involved $500,000 linked to OPNCoin and DreamAdviser.

Another victim was scammed out of $25,000 through DAF Financial Institution and DreamAdviser, having invested Ethereum (ERC-20 tokens) in what appeared to be a profitable opportunity. The fraudsters eventually restricted access to their funds.

A final case involved a $250,000 loss in an investment scam tied to DreamAdviser Corp. The victim transferred funds via bank wireץ

These cases highlight the growing risks in the crypto investment space, where fraudsters exploit trust, urgency, and the promise of quick profits. If you’ve been affected by a similar scam, we strongly advise reporting the incident and seeking professional guidance. Stay vigilant and always verify the legitimacy of any investment opportunity before committing your funds.