Komon Trust and Swiftcrypt Exchange Exposed: Investors Warned About WhatsApp Crypto Scam
As cryptocurrency scams become more advanced, so do the methods used to lure victims. A recent complaint filed with the Washington State Department of Financial Institutions (DFI), Securities Division has exposed a troubling investment fraud involving two seemingly unrelated entities—Komon Trust and Swiftcrypt Exchange. At the heart of the scheme was a deceptive WhatsApp investment group, fake credentials, and a now-defunct crypto platform.
What Was the Komon Trust and Swiftcrypt Scam?
The scam began on social media platforms like Facebook, where users were invited to join a private WhatsApp group titled the “W23-Daniel Mills’ Stock Discussion Group.” The group was led by individuals identifying themselves as Daniel Mills and his assistant Skylar Bryson.
Mills claimed to be a former Goldman Sachs employee and the President and Chief Global Equity Investment Officer at a New York-based investment firm called Komon Trust (KT). To reinforce the illusion of credibility, the scammers referred investors to professional-looking websites such as:
These sites falsely claimed KT was founded in 2009 and listed fake media references, including supposed articles from Forbes and The Wall Street Journal.
The Role of Swiftcrypt Exchange
Once the scammers had gained the trust of WhatsApp group members, they directed them to invest using a cryptocurrency platform called Swiftcrypt Exchange. This platform had a web presence at http://swiftcrypt.cc and offered mobile apps through:
- Google Play (“Swiftcrypt”)
- Apple App Store (“SwiftcryptPro”)
But despite its professional appearance, Swiftcrypt was part of the fraud. Investors deposited cryptocurrency under the impression they were participating in legitimate trades and market opportunities. In reality, their funds were siphoned off without any real investment activity taking place.
Classic “Pump and Dump” Behavior
The complaint to Washington DFI suggested that this setup resembled a pump and dump scheme—a common form of crypto fraud where a coin is artificially inflated to attract new investors before the perpetrators “dump” their shares and disappear with the money. However, in this case, the manipulation occurred not with a specific coin but via a controlled platform, Swiftcrypt, that operated more like a honey trap than a real exchange.
Why This Scam Was So Convincing
Several psychological and strategic elements made this scheme highly believable to its victims:
- Fake Authority: Claiming to be a Goldman Sachs veteran and showing links to fake articles gave “Daniel Mills” an air of expertise.
- Social Engineering: Using a WhatsApp group created a sense of community and trust, especially among first-time investors.
- Professional Branding: Both Komon Trust and Swiftcrypt had sleek websites and mobile apps, tricking investors into believing they were dealing with reputable firms.
- Layered Deception: The combination of a fake investment firm, a dummy exchange, and social media engagement made the fraud harder to detect early on.
Komon Trust and Swiftcrypt: A Coordinated Scam
While Komon Trust posed as the financial brain of the operation, Swiftcrypt acted as the transaction hub. Together, they formed a coordinated ecosystem designed to steal cryptocurrency from unsuspecting investors under the guise of stock analysis and high-yield investment opportunities.
By removing Swiftcrypt from the app stores and taking down their primary website, the perpetrators have likely moved on to new names and platforms—a common tactic in crypto fraud circles.
Victim of Komon Trust or Swiftcrypt? Here’s What You Can Do
If you or someone you know invested through Komon Trust, Swiftcrypt, or the “Daniel Mills” WhatsApp group, it’s essential to act fast:
- Gather Evidence: Collect all messages, screenshots, emails, wallet addresses, and transaction IDs.
- Report to Authorities: File a complaint with your local financial regulator or cybercrime unit.
- Avoid Further Communication: Do not respond to any follow-up messages. Many scammers try to “double dip” by promising fake recoveries for an additional fee.
- Contact a Trusted Recovery Expert: Don’t rely on random recovery promises found online. Use proven professionals.
Forteclaim Recovery Firm: Fighting Back Against Crypto Scam
For those affected by Komon Trust, Swiftcrypt, or similar scams, Forteclaim offers legitimate help. We specializes in cryptocurrency fraud recovery and has experience dealing with WhatsApp investment groups, fake trading platforms, and crypto pump-and-dump operations.
Victims working with us benefit from:
- In-depth blockchain tracing of stolen assets
- Assistance filing regulatory reports
- Legal consultation with fraud experts
- Transparent case management and realistic expectations
If you’ve lost funds through Komon Trust or Swiftcrypt, visit Us Forteclaim to file a report and begin your recovery process today.
Final Thoughts
The Komon Trust and Swiftcrypt scandal highlights a growing threat in the cryptocurrency world—fraudulent investment ecosystems built on deception, social media manipulation, and fake authority. The promise of easy profits, AI insights, and insider stock tips can be appealing, but without proper due diligence, they can lead to significant financial loss.
Stay informed. Verify every platform. And if you’ve already been affected—don’t wait. Speak to a recovery expert and start reclaiming your financial future.