ChainCatcher reported that according to ZachXBT, British scammers @Ape_31 and @60711 have deceived more than 250 users and stolen more than $650,000 in the past year by posting fake profit and loss screenshots from Bybit demo accounts.

Ape 31 guided victims to pay for services through a news account and blocked it after receiving the payment. After paying, victims will receive a fake API key to "watch" transactions. Ape 31 will also ask victims to pay an additional $20,000 by showing fake profit and loss screenshots.