Former Web3 Fund Executive Accused of Fraudulently Selling Fake Crypto Investment Deals
Criticism has emerged within the cryptocurrency industry following reports alleging that Kampanat Wimonnot, a former Web3 fund executive, was involved in a fraudulent investment scheme involving fake pre-token deals linked to well-known blockchain projects. According to the allegations, the scheme used documents and information that were claimed to be fabricated in order to create the appearance of legitimacy and attract investors. At least 24 victims from multiple countries have reportedly been affected, with losses ranging from tens of thousands of dollars to more than US$1 million. The incident highlights the risks associated with private allocation crypto deals and underscores the importance for investors to verify information directly with the originating project before making any investment decisions.
