SEC Charges WhatsApp Investment Scam with Over $14 Million Fraudulent Activity
- Surge in Investment Scams: The SEC has filed charges against multiple investment platforms operating through WhatsApp, alleging they defrauded retail investors of over $14 million between 2024 and 2025, highlighting the severity of social media investment scams.
- Multi-Step Fraud Tactics: Fraudsters attracted victims through social media ads and posed as financial professionals in group chats, promising AI-generated investment tips to gain trust and lure victims into investing in fake platforms.
- Fake Trading Platforms: The defendants operated platforms like Morocoin, Berge, and Cirkor, falsely claiming to hold government licenses and offering fictitious “Security Token Offerings,” with no actual trading occurring, leading to significant investor losses.
- SEC's Legal Action: Filed in the District Court of Colorado, the SEC seeks permanent injunctions and civil penalties against all defendants, emphasizing the need for investors to be cautious of investment opportunities spread via social media to protect their interests.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI) As of , Sleepless AI (AI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00937 | 0.0149 | 0.0201 | 0.0256 | 0.0308 | 0.0363 | 0.0415 |
| Fibonacci | 0.0149 | 0.019 | 0.0215 | 0.0256 | 0.0297 | 0.0322 | 0.0363 |
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