Scammers launch fake InnBucks crypto investment platform

Unknown people on behalf of the company offer crypto investments with guaranteed returns

InnBucks platform has warned about the emergence of a fraudulent social media group

09.06.2025 - 13:55

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3 min

What’s new? Zimbabwe’s regulated microfinance organization InnBucks has warned users on its social networks about the risks of encountering fraud. Unknown people started a fake InnBucks group on Facebook where they convinced users to deposit funds on a bitcoin trading platform under their control.

Source: X.com

What else is known? The scammers assured potential victims that third-party managed investments were guaranteed to bring profits in the absence of any hidden fees.

On behalf of the company, they were persuaded to register and send personal data via WhatsApp messenger to an account registered to the number of an unrelated national without the scheme’s knowledge.

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Hundreds of Zimbabweans have already been affected by the scheme, but the exact amount of damage will only be known following a police investigation.

InnBucks urged caution and not to hand over PINs when interacting with people posing as its representatives. The company emphasized that it is not involved in any investment schemes.

In addition, the scammers claimed that users would be able to withdraw earnings through Ecocahs and Mukuru services, but they also denied a link to the “investment” platform.

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Last month, an unknown person hacked into the Discord server of French hardware crypto wallet maker Ledger and published a fake announcement about the discovered vulnerability to seize the seed phrases of subscribers.

At the same time, in London, a fraudster disguised as a cab driver stole $123 000 in cryptocurrencies from a tourist from the United States, having previously offered him a cigarette containing a powerful sedative drug.

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