QI Quadriga Initiative

Oct 2021 - GravyScale Fraudulent Investment - $Unknown (Global)

"Zurich, Switzerland Oct 2, 2021 (Issuewire.com) - Gravyscale is the world's biggest and most trusted investment company that aggregates funds for investment cryptocurrency, real estate, cannabis, and forex-trading in the digital finance industry."

"Founded in 2019 by Matteo Jäger with aim of helping the world achieve financial freedom and stability, When Matteo Jäger first started out, his passion for "Helping achieve Financial freedom" drove him to start his own Investment Management Algorithm, and ever since Gravyscale has strived to bring professional financial services to the world of digital assets. Leveraging with the most experienced and powerful technology, Gravyscale empowers thousands of people to harness the value behind their crypto assets, shaping a new, better financial system."

"Gravyscale currently manages assets for 1,000,000+ users across 100 jurisdictions."

"All crypto deposits will be stolen ."

"glad I didn’t send much but oh well to test it out…"

"Report the wallet address … yes I got hit for lots ."

Further Analysis

GravyScale claimed to be a large and trusted investment firm. In reality, it accepted deposits in cryptocurrency and offered no withdrawals.

How Could This Have Been Prevented?

More Cryptocurrency Exchange Hacks/Scams/Frauds

Compound Incorrect Reward Calculation Bug > > < < Baller Ape Club Rug Pull

Sources/Further Reading

Tradegrow comments on [deleted by user] (Dec 31)
Tradegrow comments on [deleted by user] (Dec 31)
New scam website gravyscale.com . : CryptoScams (Dec 31)
Default Web Site Page (Dec 31)
GRAVYSCALE - Our aim is to unlock our clients financial freedom. - IssueWire (Dec 31)
https://www.issuewire.com/pdf/2021/10/gravyscale-our-aim-is-to-unlock-our-clients-financial-freedom-IssueWire.pdf (Dec 31)


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