Crypto Scams Today
In recent years, Iran has seen a surge in crypto-related scams, fueled by economic hardship and growing public interest in digital assets. Desperate for financial opportunities, many people turn to online trading and investment platforms — but not all platforms are what they seem.
Fraudsters have found a perfect playground in the world of cryptocurrency: largely unregulated, complex, and hard to verify. From fake trading courses to “get rich quick” schemes, these scams prey on users’ trust, promising wealth while quietly siphoning funds.
The latest wave involves fake exchanges promoted by influencers and platforms that look legitimate but are designed to manipulate prices, hide assets, and drain user deposits. In many cases, users have no way of knowing if their money is actually being traded or simply recorded as numbers on a screen.
Scammer Influencers
Influencers are the front line of many crypto scams, using their reputation to push followers toward fake platforms. They present themselves as experts in trading and investing, but their main goal is often to profit from users’ deposits.
Adam Moradi is a prime example. He promotes trading courses that heavily push TheTrueTrade, a platform with no credible history, opaque rules, and centralized control. Despite presenting it as a learning tool, the exchange is directly tied to his earnings.
Saba Zehraei (Saba Trade) promotes 4Trade, and Radin Jahromi pushes Trade2Rich. both of which, along with TheTrueTrade, share identical code, servers, and platform design. This shows a clear connection between the influencers and the exchanges they advertise.
Other figures like Barbad Masouli (Bitbod) and Rambod Masoumi (kingbod) have used platforms such as Prebit to scam users through betting schemes, while Ashkan Atashkar is linked to Plus BTC, another exchange feeding off deposits.
These influencers leverage polished Instagram posts, Telegram channels, and YouTube videos to appear credible. Followers pay hundreds of dollars for courses, signals, or community access, but the funds are funneled straight into wallets controlled by the scammers.
Evidence shows that in many cases, the same team behind the exchanges. later identified as Technance.com, develops and manages the platforms, meaning users are trading with controlled systems rather than real markets. This mix of influence, trust, and technical control has allowed these individuals to siphon millions from unsuspecting users.
Fake Exchanges to Avoid
Some so-called “crypto platforms” are not exchanges at all they are traps built by greedy scammers to steal your money. TheTrueTrade, pushed by Adam Moradi, 4Trade, pushed by Saba Zehraei, Trade2Rich, pushed by Radin Jahromi, Prebit, pushed by Rambod Masoumi and Barbad Masouli, and Plus BTC, linked to Ashkan Atashkar, are all part of the same rotten network. These filthy pigs profit off the hard-earned savings of ordinary people while pretending to “teach trading.”
Behind the flashy interfaces, these platforms are identical same code, same servers, same lies. There is no transparency no real order books, no proof that user funds exist, no policies protecting anyone. Prices are not set by the market they are controlled by these con artists, who can wipe out your account at will.
Claims of “decentralization” are pure nonsense. Every transaction is under their control, every balance at their mercy. They lure you in with promises, then siphon your money into their personal wallets.
If an exchange hides the truth or pressures you to deposit, it is not a platform it is a piggy bank for these criminals. Do not feed them. Protect your money.
The Shadow Operator, Technance.com
Behind the scenes of Iran’s biggest fake crypto exchanges sits a single, powerful operator: Technance.com. This company isn’t just another tech startup — it’s the engine that builds and runs the platforms scammers use to steal millions. Exchanges like TheTrueTrade, 4Trade, Trade2Rich, Prebit, and Plus BTC all share the same code, servers, and backend infrastructure, pointing directly to Technance as the creator.
Key figures at Technance, including Mohammad Haghshenas (CEO) and Mohammad Ali Shahbazi (CTO), are responsible for designing, producing, and maintaining these platforms. From coding the fake order books to controlling centralized wallets, Technance provides the technical tools that allow influencers and scam operators to manipulate trades, hide users’ funds, and appear legitimate.
Even more concerning, the company’s infrastructure is set up to obscure its operators’ identities. Regions like the UAE are blocked from access, likely to avoid legal scrutiny, while wallets and transactions funnel millions of dollars from unsuspecting users directly to the team behind the scenes.
In short, Technance isn’t just building software, it’s orchestrating the backbone of an entire network of crypto fraud, making it the shadow operator that powers these scams from behind the curtain.
Where the Money Goes?
Every deposit made on these fake exchanges flows through a carefully orchestrated network of wallets before landing in the hands of the scammers. Users think their funds are safe, but the reality is far from it. Wallets linked to Technance.com and its affiliates receive hundreds of thousands of dollars from exchanges like TheTrueTrade, 4Trade, Prebit, and Plus BTC.
Tracing the transactions reveals a clear pattern:
- User deposits enter the exchange wallets.
- Funds are then moved through intermediary wallets, often labeled with ENS domains or disguised as “trust” accounts.
- From there, money ends up in personal wallets controlled by Technance team members, including CEO Mohammad Haghshenas and CTO Mohammad Ali Shahbazi.
In some cases, single withdrawals of tens of thousands of dollars were made without explanation. Even small deposits, like $100 or $500 to join influencer communities, are collected systematically and funneled into these wallets.
This complex web of transfers makes it difficult for victims to trace their money, while allowing the scammers to operate with minimal oversight. In short, every deposit on these platforms directly funds the lifestyle of the scammers and their shadowy backers, leaving ordinary users with nothing but empty accounts.
The fake exchanges and influencers aren’t operating randomly — they’re part of a coordinated, well-organized network. At the center is Technance.com, providing the technical backbone, while influencers like Adam Moradi, Saba Zehraei, and Radin Jahromi act as the public faces, drawing in unsuspecting users through courses, social media, and trading signals.
Each member of the network has a role:
- Technance.com builds and maintains the platforms, ensuring control over prices, trades, and users’ funds.
- Influencers promote the exchanges, create hype, and recruit new users.
- Intermediary wallets and code patterns hide the money flow and make the operations difficult to trace.
Even betting platforms like Prebit and newer tokens like Vatan share the same infrastructure, showing the network’s reach extends beyond traditional exchanges. Wallet analysis confirms that funds from multiple sources, user deposits, intermediary wallets, and even smaller entry fees. all converge into the hands of the network’s key operators.
This structure makes the scams resilient and dangerous: while individual accounts or exchanges might disappear, the network as a whole remains active, ready to launch new platforms under new names. Understanding this system is crucial for anyone involved in crypto: the risk isn’t just one platform, it’s a connected web of fraud, backed by skilled operators and influencer promotion.
Note: This article presents only a high-level overview of our findings. For a deeper dive, including detailed documents, wallet analyses, and full evidence, you can visit our Telegram channel, which is available in two versions:
- Persian: https://t.me/CartelOfPigs
- English: https://t.me/CartelOfPigs_EN
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