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A sophisticated OTC crypto scam has duped investors out of $50 million, with victims including prominent VCs and crypto whales. The scheme, involving tokens like SUI, NEAR, and Aptos, operated under the guise of discounted deals with lock-up periods. Despite early warnings from project teams, greed and social proof kept the money flowing. Here's how the scam unfolded—and why even the savviest investors fell for it.