Fake DeFi Investment Platform Diverts Ethereum Deposits

This topic has 0 replies, 1 voice, and was last updated 7 months, 1 week ago by Kiran Kumar R.

Fraudulent Cryptocurrency Addresses Reported On April 25, 2025 at 9:32 am

Fake DeFi Investment Platform Diverts Ethereum Deposits

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Scam Type: Investment Scam

Wallet Address:

Ethereum 0x9D548Bb98Bf5Bf1D2C90bE8015A5c69D5510A0b6

Description: Disguised as a secure Ethereum-based investment service, this scam used promises of AI-driven staking rewards and high-yield DeFi protocols to lure users. The platform displayed fabricated earnings dashboards and smart contract claims to gain trust. However, all ETH sent by investors was routed to this wallet address, with no evidence of real staking or trading activity. The platform vanished shortly after accumulating funds, confirming its fraudulent nature.

#12125

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