View source for Coach K Defrauded Investment Phishing

{{Imported Case Study 2|source=https://www.quadrigainitiative.com/casestudy/coachkdefraudedinvestmentphishing.php}}
{{Unattributed Sources}}

[[File:Coachk.jpg|thumb|None]]Coach K is a YouTuber and popular crypto trader who has gained a significant following. In 2019, Coach K was approached by a scammer in person to invest in CertiK via JD Capital. After making the payment via Ethereum, the scammer stopped talking. Coach K noted that the money was sent to Binance, and followed up to attempt to recover it. However, he exhausted his resources and ended up giving up the pursuit.

Two years later in 2021, Coach K was able to request the help of Liti Capital, a firm which was able to trace into the background of Ahmed and ultimately determine the luxurious lifestyle which he was living using the stolen funds. Coach K offered that Ahmed could reach out and work out a deal. It hasn't been published what the outcome was, and what portion of funds were ultimately recovered, if any.

This exchange or platform is based in Thailand, or the incident targeted people primarily in Thailand.<ref name="thedefiant-3363" /><ref name="youtube-9014" /><ref name="binance-4055" /><ref name="youtube-9015" /><ref name="reddit-8335" /><ref name="reddit-9016" /><ref name="reddit-9017" /><ref name="youtube-9018" /><ref name="coachk-9019" /><ref name="opensea-9020" /><ref name="youtube-9021" /><ref name="liticapital-9022" /><ref name="liticapitalarchive-9023" /><ref name="reddit-9024" /><ref name="btcpeers-9025" /><ref name="youtube-9026" /><ref name="tgstat-9027" />

== About None ==
"My name is Coach K and together in our Membership CLUB, we teach you how to eat, sleep, and breath success!" "With our extensive Knowledge, Network and Experience we are able to offer you Insights you won't find anywhere else. Our goal is to motivate, support and inspire you to make life-changing returns."

"I am often asked how I am so confident in my analysis of the market. The sheer fact is that I spent 10'000s of hours on the charts. I have been full time crypto working with over 30 projects and have invested in over 200 in total. My fundamental and technical analysis has been refined for many years which has led to great success for myself and those around me. I live to see others win and after 100 millionaires were printed in 2021, I hope to print 100 more... Now whos with me?"

"Liti Capital is a Swiss Limited Liability Co specializing in Litigation Finance and FinTech based out of Switzerland. Liti Capital buys litigation assets to fund lawsuits and provide a complete strategic solution along with connections with the best law firm to help its client win the case. Tokenized shares of the company lower the barrier of entry for retail investors, give token holders a vote in the decision-making process, and distribute dividends to token holders upon the success of the plaintiff. Co-Founder Jonas Rey heads one of the most successful intelligence agencies in Switzerland, Athena Intelligence. His two co-founders, Andy Christen and Jaime Delgado bring operational, innovation and technical skills together to round out the leadership team. David Kay, CIO, ran a billion-dollar NYC private equity litigation finance firm before joining Liti Capital."

"Liti Capital is meeting the demand for justice in the market because. We have already received well over 200 requests from our community about fraud cases and the emails are only multiplying."

"One such example of a case currently in progress involves YouTube crypto personality, Coach K, and the fraud he suffered from a scam on the Binance exchange." "The con artist used a unique tactic: he created a fake identity, complete with documentation, did extensive research on “Coach K,” and found him in public to slowly befriend him over time. This is how he was able to gain trust and eventually walk away with the money. He directed Joel to JD Capital, with whom Joel has worked with before, about a fund of CertiK he could purchase. After some more convincing, Joel paid the cost of the CertiK and waited for a response that did not come. However, the con artist may not have been as sophisticated as it seems. "

"In our first test of actionability, we were contacted by crypto-influencer, Coach K, about a scammer who had taken off with nearly $250,000 worth of Coach’s assets. We mentioned before that scammers can be very elaborate in their tactics. We wrote here about how Coach K, someone with extensive experience in the industry, was able to be conned out of such a large sum."

"Two of Liti Capital’s founders sat down with Coach K to provide the details of how they were pursuing the case and how they were able to identify the scammer. They explained why current models of policing fraud just don’t work, partly because of the absurd notion that in practice they the model involves asking the scammer to authorize Binance to give the money back. They even provided a non-litigation alternative option to the scammer."

“The same tools we deploy to investigate international cases are the ones we will use to identify and pursue crypto scammers,” Jonas Rey, Co-Founder and Managing Director said, “My team of investigators and intelligence officers have found the con artist in question, his personal information, where the money is, and have engaged with counsel and security at his location. We will give him the weekend to reach out to us.”

"Coach K had strong words for the con artist and others who may think about engaging in crypto fraud."

“I don’t care about the money anymore. It’s about doing the right thing, it’s about making this industry more legit, it’s about getting all the people that are watching this video that are scammers, or that may be a scammer, never to think about it twice. Because we’ll find you, and when we do? You’re done.”"

"Liti Capital, a new startup, is a company that helps track down scammers and get peoples money back. They’re currently helping Coach K from Youtube get $250k back from a scammer and documenting the whole process for the community and to get their name out. I’ve sent them this link on Twitter, maybe they’ll reach out if they’ve started accepting cases from LITI/wLITI holders."

"Well it’s not guaranteed. They’re able to help Coach K because he had a lot of info about the guy that scammed him including police reports, wallet addresses, and the video Binance made the scammer make to get his account unlocked which included his face and passport. They’re a litigation finance company, definitely worth looking into. I’m pretty bullish on them especially after some of the follow up videos they made regarding Coach K’s case and all the info they were able to gather on that scammer."

This exchange or platform is based in Thailand, or the incident targeted people primarily in Thailand.

The background of the exchange platform, service, or individuals involved, as it would have been seen or understood at the time of the events.

Include:

* Known history of when and how the service was started.
* What problems does the company or service claim to solve?
* What marketing materials were used by the firm or business?
* Audits performed, and excerpts that may have been included.
* Business registration documents shown (fake or legitimate).
* How were people recruited to participate?
* Public warnings and announcements prior to the event.

Don't Include:
* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
* Anything that wasn't reasonably knowable at the time of the event.
There could be more than one section here. If the same platform is involved with multiple incidents, then it can be linked to a main article page.

== The Reality ==
This sections is included if a case involved deception or information that was unknown at the time. Examples include:

* When the service was actually started (if different than the "official story").
* Who actually ran a service and their own personal history.
* How the service was structured behind the scenes. (For example, there was no "trading bot".)
* Details of what audits reported and how vulnerabilities were missed during auditing.

== What Happened ==
The specific events of the loss and how it came about. What actually happened to cause the loss and some of the events leading up to it.
{| class="wikitable"
|+Key Event Timeline - Coach K Defrauded Investment Phishing
!Date
!Event
!Description
|-
|June 21st, 2021
|Main Event
|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.
|-
|
|
|
|}

== Technical Details ==
This section includes specific detailed technical analysis of any security breaches which happened. What specific software vulnerabilities contributed to the problem and how were they exploited?

== Total Amount Lost ==
The total amount lost has been estimated at $250,000 USD.

How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?

== Immediate Reactions ==
How did the various parties involved (firm, platform, management, and/or affected individual(s)) deal with the events? Were services shut down? Were announcements made? Were groups formed?

== Ultimate Outcome ==
What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?

== Total Amount Recovered ==
The total amount recovered is unknown.

What funds were recovered? What funds were reimbursed for those affected users?

== Ongoing Developments ==
What parts of this case are still remaining to be concluded?
== General Prevention Policies ==
This transaction was undertaken without any third party exchange or platform participating. There was no escrow or smart contract used to secure funds.
== Individual Prevention Policies ==
{{Prevention:Individuals:Placeholder}}

{{Prevention:Individuals:End}}

== Platform Prevention Policies ==
{{Prevention:Platforms:Placeholder}}

{{Prevention:Platforms:End}}

== Regulatory Prevention Policies ==
{{Prevention:Regulators:Placeholder}}

{{Prevention:Regulators:End}}

== References ==
<references><ref name="thedefiant-3363">[https://thedefiant.io/crypto-scams-are-out-of-control-again-heres-how-to-stop-them-forever/ Crypto Scams are Out of Control, Again... Here's How to Stop Them Forever - The Defiant - DeFi News] (Aug 27, 2021)</ref>

<ref name="youtube-9014">[https://www.youtube.com/channel/UCxjmojzYSDDITTX3_ftSRKQ Coach K - YouTube] (Aug 27, 2021)</ref>

<ref name="binance-4055">[https://www.binance.com/en https://www.binance.com/en] (Nov 13, 2021)</ref>

<ref name="youtube-9015">[https://www.youtube.com/watch?v=KR6M-isqo1s 48 hours later: we got the scammer! - YouTube] (Aug 27, 2021)</ref>

<ref name="reddit-8335">[https://www.reddit.com/r/CryptoCurrency/comments/oip4mi/if_you_want_to_join_me_in_watching_metamask/ If you want to join me in watching metamask account get robbed by some asshole look below : CryptoCurrency] (Jul 3, 2022)</ref>

<ref name="reddit-9016">[https://www.reddit.com/r/CryptoCurrency/comments/oip4mi/comment/h4xeyzp/ If you want to join me in watching metamask account get robbed by some asshole look below : CryptoCurrency] (Jul 6, 2022)</ref>

<ref name="reddit-9017">[https://www.reddit.com/r/CryptoCurrency/comments/oip4mi/comment/h4xs4xe/ If you want to join me in watching metamask account get robbed by some asshole look below : CryptoCurrency] (Jul 6, 2022)</ref>

<ref name="youtube-9018">[https://www.youtube.com/watch?v=q5dep254apc My SCAMMER has 48 hours... Until he is CAUGHT! - YouTube] (Sep 17, 2022)</ref>

<ref name="coachk-9019">[https://www.coachk.vip/ Coach K's Membership CLUB] (Sep 21, 2022)</ref>

<ref name="opensea-9020">[https://opensea.io/collection/coachk-club https://opensea.io/collection/coachk-club] (Sep 21, 2022)</ref>

<ref name="youtube-9021">[https://www.youtube.com/channel/UCxjmojzYSDDITTX3_ftSRKQ/videos Coach K - YouTube] (Sep 21, 2022)</ref>

<ref name="liticapital-9022">[https://liticapital.com/category/crypto-scam/ https://liticapital.com/category/crypto-scam/] (Sep 22, 2022)</ref>

<ref name="liticapitalarchive-9023">[https://web.archive.org/web/20210920044229/https://liticapital.com/liti-capital-announces-identifying-information-of-their-first-crypto-con-artist/ Liti Capital Announces Identifying Information of Their First Crypto Con Artist - Liti Capital SA] (Sep 22, 2022)</ref>

<ref name="reddit-9024">[https://www.reddit.com/r/liticapital/comments/qzcg4s/liti_capital_announces_identifying_information_of/ Liti Capital Announces Identifying Information of Their First Crypto Con Artist : liticapital] (Sep 23, 2022)</ref>

<ref name="btcpeers-9025">[https://btcpeers.com/liti-capital-introduces-the-blockchains-newest-asset-class/ Liti Capital Introduces the Blockchain's Newest Asset Class] (Sep 23, 2022)</ref>

<ref name="youtube-9026">[https://www.youtube.com/watch?v=sDdrrs12dEc I WAS SCAMMED! My WORST experience in Crypto EVER! - YouTube] (Sep 23, 2022)</ref>

<ref name="tgstat-9027">[https://tgstat.com/channel/@Liti_Capital_Official_ANN Telegram channel "Liti Capital Official ANN" — @Liti_Capital_Official_ANN — TGStat] (Sep 23, 2022)</ref></references>