SEC Sues Four Entities Over Alleged $15M AI Crypto Trading Scams
The Securities and Exchange Commission (SEC) has filed two complaints against four entities accused of swindling over $15 million from hundreds of retail investors through alleged AI-powered crypto trading scams. The schemes, which spanned August 2024 to March 2025, involved Cryptoaiml Ltd., Cryptoaiml Capital Foundation, TSAI Pro Ltd., and TSAI Capital Foundation.
According to the SEC, the operations shared a playbook: recruit investors through WhatsApp group chats, dangle high returns from supposed artificial intelligence trading signals, then quietly funnel the money overseas. The Cryptoaiml entities allegedly raised at least $12.5 million during this period, while the TSAI entities accounted for another $2.8 million.
Investors handed over funds in both crypto and cash, believing they were gaining access to sophisticated AI-driven trading platforms. However, when investors tried to withdraw their money, they encountered a wall of excuses, accounts were supposedly frozen, or withdrawals required advance fees.