Global Music Crypto Scam: A Case Study of Telegram-Based Investment Fraud and Wallet Abuse

Tubrazy Shahid
4 days ago
3 min read

This article documents a serious cryptocurrency investment scam carried out by an entity identifying itself as “Global Music”, operating through the website http://work.globalmusicrightshub.com/. The case demonstrates a common but highly damaging fraud pattern involving Telegram manipulation, fake crypto platforms, dummy tokens, and multiple wallet addresses to misappropriate investor funds.

The victim was approached and continuously engaged through Telegram, where the perpetrators presented themselves as representatives of a legitimate crypto-related investment opportunity. Through persistent communication, assurances of authenticity, and promises of high returns, the victim was persuaded to invest substantial funds over time.

Modus Operandi of the Scam

The scammers instructed the victim to make payments using cryptocurrency applications and Cash App, gradually extracting close to USD 100,000. Instead of delivering any real investment service, asset, or return, the scammers sent test or dummy tokens to the victim’s imToken wallet. These tokens had no market value and appear to have been deployed solely to create a false impression of account activity and legitimacy.

This technique—issuing worthless tokens to simulate performance—is a recognized method in crypto fraud schemes, designed to delay suspicion while additional funds are extracted.

Use of Direct Communication and Psychological Pressure

In addition to Telegram, the scammer contacted the victim directly via SMS using the phone number +1-863-355-9293, further reinforcing trust and applying psychological pressure to proceed with additional transfers. Victims are often manipulated through urgency, exclusivity, and repeated reassurances, all of which were present in this case.

Wallet Addresses Used in the Scheme

The fraud involved multiple blockchain networks and wallet formats, indicating a deliberate attempt to complicate tracing and recovery:

Bitcoin (SegWit) addressbc1qcg0k6v6l2f5qmza6zuk8eshhfd4q5tqlvprf99
LNURL (Lightning Network) addresslnurl1dp68gurn8ghj7ampd3kx2ar0veekzar0wd5xjtnrdakj7tnhy4lxctttdehhwm30d3h82unvwqhkvmm0d35hx6r5daskgdfeaaw8vh
Litecoin addressLLKakMvwfAXKbaHoxbV672WYWPy3969Nr8

One confirmed on-chain transaction linked to this fraud is identified by the following Transaction ID (TXID):

134465ac64fc3a47fa289018bbf84f303d9133ffc82d7c5c5c4688f2c1006ad6c

Breakdown of the Fraud Pattern

From a legal and compliance perspective, this case exhibits several red flags commonly associated with organized crypto fraud:

Use of unregulated and unverifiable platforms
Reliance on Telegram and private messaging instead of official communication channels
Distribution of non-tradable or dummy tokens
Use of multiple wallet addresses across chains
Escalating payment demands after initial deposits
Eventual breakdown of communication once funds are transferred

Legal Characterization

This conduct may constitute:

Cryptocurrency investment fraud
Wire fraud
Misrepresentation and deception
Unlicensed financial activity
Potential money laundering through layered wallet usage

Such schemes are typically cross-border, making recovery complex but not impossible if timely reporting and blockchain forensics are initiated.

Impact on the Victim

The incident resulted in severe financial loss approaching USD 100,000, along with emotional distress and loss of trust in digital financial systems. Unfortunately, this pattern mirrors hundreds of similar crypto scams reported globally, particularly those originating from Telegram-based operations.

Conclusion

The Global Music case underscores the urgent need for investor awareness, regulatory vigilance, and rapid legal action in crypto-related fraud. Investors should be extremely cautious of unsolicited offers, unverifiable platforms, and any project that substitutes real value with simulated blockchain activity.

Disclaimer

The information provided in this article is for general informational purposes only and does not constitute legal or financial advice.

Author & Crypto Consultant

Shahid Jamal Tubrazy (Crypto & Fintech Law Consultant)

Shahid Jamal Tubrazy, a certified top expert in Crypto Law from Duke University, is a leading authority in the cryptocurrency and blockchain space. As a seasoned Fintech lawyer, he offers a full spectrum of services, including licensing, legal guidance for ICOs, STOs, DeFi, and DAOs, as well as specialized expertise in crypto mediation, negotiation, and mergers and acquisitions. With a proven track record and published works on Blockchain Regulation and Cryptocurrency Laws, Shahid provides unparalleled insights into the complexities of the fintech world, ensuring compliance and strategic success. 🌐💼 #CryptoLaw #Fintech #Blockchain #LicenseServices #CryptoMediator #MergersAndAcquisitions #CryptoCompliance #FrozenAssetsrecovery.