🔴How a fake OTC fund scammed $200M in altcoins and fooled half of CT. Here's what happened - and how to avoid it next time. Aza Ventures ran one of the biggest OTC scams in crypto - over $200M in fake “allocations” passed through Telegram from late 2024 to mid-2025. They offered discounted private rounds in $BERA, $SEI, $SUI, $NEAR and more. It looked like VC exit liquidity - but they just bought tokens off Binance and paid early participants with new deposits. Eventually it collapsed: – ~$200M lost – Self Chain CEO resigned due to links – $SLF fell 36% in a week – India opened investigations Key red flags were raised by @SmokeyTheBera and @EmanAbio ( $SUI ), while teams like SUI publicly denied ever doing OTC deals. How to protect yourself: – No proof = no deal. Always ask for on-chain evidence or direct team confirmation. – Avoid closed OTC chats. If it’s not public and verifiable, assume the worst. – Real vesting = smart contracts. Manual “vesting” from random wallets is a huge red flag. – Check if the token is live. If there’s no vesting contract and tokens are unlocked, it’s likely just a flip. – DYOR on the seller. If you can’t verify their past deals or reputation, don’t trust them with capital. The main actor, “Source 1,” disappeared - rumors say he runs a respected project already listed on Binance. Stay sharp. If it smells like an allocation but trades like a market buy, you're someone else's exit liquidity. Hope you found some real value in this post. If it helped - drop a like, save it for later, and share it with your crew. Follow me @0xAokira for more exclusive alpha drops & real insights.