DeepSeek Blockchain Scam: Investors Lose Funds in Fraud Scheme
A scam disguised as the "DeepSeek blockchain project" defrauded investors before vanishing, warns the Chinese government.
- Scammers used the “DeepSeek blockchain project” to raise funds and disappear.
- Fraudsters promoted “DeepSeekCoin” in fake official groups.
- The Chinese government has issued warnings to investors.
Fraudulent DeepSeek Blockchain Scheme Exposed
The Chinese government has issued a warning about a large-scale scam involving a so-called “DeepSeek Blockchain project.” A criminal gang reportedly raised funds from unsuspecting investors, only to disappear without a trace. This fraudulent scheme also included fake promotions of “DeepSeekCoin” in deceptive official groups, further luring victims into financial losses.
How the Scam Operated
According to reports, criminals behind the scheme created the illusion of a legitimate blockchain project. They used professional marketing strategies, social media campaigns, and even fake endorsements to build credibility. Investors were led to believe that “DeepSeekCoin” was a valuable digital asset with strong potential. However, once enough funds were raised, the scammers vanished, leaving investors with worthless tokens and empty promises.
In addition to the direct fraud, scammers also infiltrated online communities, posing as project representatives. They set up fake official groups, where they manipulated discussions to attract more victims. Many investors, believing they were engaging with a credible project, lost their hard-earned money.
The Chinese government said that a criminal gang recently raised funds in the name of the "DeepSeek blockchain project" and disappeared after defrauding funds. Other criminals promoted the "DeepSeekCoin" in fake "official groups", which eventually caused investors to lose funds.…
— Wu Blockchain (@WuBlockchain) March 2, 2025
Government Warning and Investor Caution
The Chinese authorities have urged the public to be cautious when investing in blockchain projects. They emphasize verifying project authenticity, researching the team behind it, and avoiding offers that seem too good to be true. Regulatory bodies continue to crack down on fraudulent schemes, but investors must remain vigilant to protect their assets.
With the rise of crypto-related scams, thorough due diligence is essential. Always double-check information from official sources and avoid investment opportunities that lack transparency.
