On November 15, 2024, we received a report of a fraud case involving a loss of $146,191. The victim was added to a Facebook group focused on cryptocurrency contract trading and was persuaded to invest large sums of money. The scam resulted in a significant financial loss of $180,000. The scammer used the blockchain address 0x1cbad99c64adbd3706741b33a9a49e38898cf3e0 and operated through the website babylonvapes.com.

This case demonstrates the dangers of fraudulent investment schemes promoted through social media groups, where scammers often lure victims with promises of high returns.