Investigation by: P. Nair, Financial Crime Researcher · Published 2026-07-19 · 17-minute read · How we score scams
Reviewed by our editorial team · Methodology: cryptokiller.org/methodology
All threat scores are based on verifiable ad evidence from Meta Ad Library and Google Ads Transparency. How we investigate →
Kaspi AI
LOW SIGNALKaspi AI shows limited signals in current surveillance data, scoring 18/100 on Crypto Killer's threat index. The operation has run 136 ad creatives over 171 days, with a rising 7-day velocity of 11 — patterns that warrant continued monitoring but have not met the evidentiary threshold for a Low Signal designation.
Key Takeaways
- Kaspi AI is a fraudulent cryptocurrency trading platform that clones the legitimate Kaspi Bank brand to deceive investors
- The scam uses deepfakes of celebrities and government financial regulators to establish false authority and credibility
- Victims are funneled through a four-stage scheme: impersonation, fake deposits, fictional profits, then impossible withdrawal fees
- Kaspi AI has been directly named in Kazakhstan police cybercrime warnings and Stop-Piramida fraud reports
- The operation maintains rising advertisement velocity despite official government warnings, indicating active, sophisticated criminal infrastructure
- All tracked advertisements target only Kazakhstan, concentrating the fraud in a single geographic market
- Video advertisements engineered to appear authoritative are the primary format used to deliver deepfake content
Ad Creatives
136
Countries Targeted
1
Days Active
171
Celebrities Abused
8
⚠️ Key Takeaways
Kaspi AI is a fraudulent cryptocurrency trading platform that uses deepfakes of celebrities and financial regulators to lure retail investors. Our investigation detected 136 deceptive advertisements across Kazakhstan over 171 days, earning a threat score of 18/100. The scheme operates a four-stage confidence scam targeting users seeking automated crypto trading solutions.
- ✕Threat score is 18/100 — low tier, but surveillance remains active as of July 19, 2026.
- ✕136 ad creatives have been captured since first detection on January 28, 2026.
- ✕The operation targets a single country, concentrating its reach exclusively on Kazakhstan (KZ).
- ✕8 public figures appear in the ad set, including Алия Омарова and Раяна Абдуллаева, without verified consent.
- ✕7-day ad velocity stands at 11 and is trending rising — an escalation pattern flagged in higher-confidence cases.
- ✕The campaign has been active for 171 days, indicating sustained infrastructure rather than a short-lived test.
📄Investigation Summary
Kaspi AI is a confirmed cryptocurrency investment fraud operating in Kazakhstan that impersonates the legitimate Kaspi Bank brand using deepfakes and celebrity endorsements. Our investigation detected 136 fraudulent advertisements across 171 days of continuous operation, with an 18/100 threat score. The platform has been explicitly named in official police cybercrime warnings and continues operating despite government exposure, indicating sophisticated infrastructure designed to steal deposits through a four-stage confidence scheme.
Fraud operations matching this advertising pattern typically allow initial deposits to succeed while withdrawal requests trigger account lockouts, fabricated compliance fees, and pressure to send additional capital. CryptoKiller's surveillance links Kaspi AI to several warning indicators: celebrity-image advertising, multi-country ad distribution, ongoing ad deployment (11 new creatives per 7 days), and no registration found in the UK FCA register and SEC EDGAR. These signals warrant caution but are not, on their own, proof of fraud.
⚠️ If you deposited money to Kaspi AI and cannot withdraw it, stop sending additional funds, document all communications, and follow the protection steps below.
🔬How This Scam Works
Kaspi AI deploys a four-stage confidence scheme targeting retail investors searching for cryptocurrency trading automation. Each stage is designed to advance the victim deeper into the trap.
🚩Red Flags
Kaspi AI displays multiple serious warning signs including deepfakes of financial regulators, direct naming in official police cybercrime warnings, cloning of a legitimate bank brand, and reliance on video advertisements engineered to appear authoritative. The operation continues running despite government warnings, suggesting sophisticated infrastructure and criminal intent.
🔍How Kaspi AI Compares to Similar Documented Scams
CryptoKiller has documented 3 operations with a matching pattern. Cross-referencing exposes shared infrastructure and tactics:
| Operation | Threat | Ads | Countries | Celebrities |
|---|---|---|---|---|
| Kaspi AI (this review) | 18/100 | 136 | 1 | 8 |
| Halal Trade AI | 20/100 | 239 | 4 | 40 |
| Fino Inversoría | 16/100 | 73 | 1 | 13 |
| GasPipe AI | 15/100 | 204 | 5 | 4 |
🔍Key Investigation Findings
Our investigation confirmed Kaspi AI operates a documented four-stage confidence scheme targeting cryptocurrency investors in Kazakhstan. The operation clones Kaspi Bank's brand, uses deepfakes of government officials, and has been explicitly named in police cybercrime warnings. Despite official warnings, the campaign maintains rising advertisement velocity, indicating continued active operation and sophistication.
Every captured creative for Kaspi AI targets Kazakhstan alone, an unusually narrow footprint across 1 country over 171 days.
The sampled creatives lean heavily on video, and several pair the Kaspi AI name with named local figures used as fake endorsements across 8 impersonated identities.
Anti-fraud portal Stop-Piramida flagged a deepfake of Madina Abylkassymova, a real financial-markets regulator official, promoting easy earnings under the Kaspi AI name.
The operation reuses the trusted Kaspi Bank name, a tactic the Financial Monitoring Agency of Kazakhstan named directly in its warning.
Weekly velocity sits at 11 new creatives and is rising while the campaign stays active, suggesting continued spend rather than a wind-down.
✅What To Do If You've Been Scammed
If you've lost money to Kaspi AI, document all transaction evidence and contact your payment processor immediately to file a chargeback claim. Report the fraud to Kazakhstan's financial regulator and local law enforcement cybercrime units. Act quickly—chargeback windows are typically 60–180 days. Consider reporting to international fraud databases to warn others.
Report to FBI IC3
ic3.gov
File FTC Complaint
reportfraud.ftc.gov
Contact Your Bank
Request a chargeback
Change All Passwords
Secure your accounts
Document Everything
Screenshots, emails, transactions
Report to Local Police
Needed for insurance claims
📖Frequently Asked Questions
Kaspi AI is a fraudulent investment platform impersonating the legitimate Kaspi Bank to conduct cryptocurrency trading scams. The operation uses deepfakes, celebrity impersonation, and fake profit screens to manipulate victims into depositing funds that cannot be withdrawn. It has been explicitly named in Kazakhstan police cybercrime warnings and remains actively operational despite government exposure.
🔬Our Investigation Methodology
Crypto Killer scanned ad networks between January 28, 2026 and July 19, 2026 and captured 136 creatives tied to the Kaspi AI name, all targeting 1 country. We cross-check every investigated brand against the UK FCA Financial Services Register and the FCA Warning List through the FCA's public register API, and against SEC EDGAR full-text search. Kaspi AI does not appear on the FCA's Financial Services Register, meaning it is unregistered with the FCA. SEC EDGAR full-text search returns 2 documents mentioning the phrase Kaspi AI. We also reviewed Kazakhstani government sources: the Almaty Region Police Cybercrime Combatting Department and the Financial Monitoring Agency have both warned about fake investment platforms using the Kaspi name. We pattern-match captured creatives against 12,384 documented scam brands. We query public regulator databases only. We claim no endorsement, affiliation, or privileged access.
Reviewed by: Crypto Killer Research Team
Crypto Killer investigates paid advertising abuse across ad networks and traces how brands get cloned to lure deposits. We read the creatives, the celebrity impersonations, and the deposit funnels directly. We cross-reference each brand against public regulator databases, including the UK FCA registers and SEC EDGAR, and against government consumer warnings. For Kaspi AI, that included Kazakhstani police and Financial Monitoring Agency alerts. We query these public sources; we do not imply any regulator endorses or partners with us.
· 2600 words · 11 min read
Kaspi AI shows limited signals. Ongoing monitoring.
Verify independently before depositing any money.
Based on analysis of 136 ad creatives across 1 country.
Sources & References
When this review may not apply: This review covers a suspected fake investment operation advertised under the name Kaspi AI. It does not concern Kaspi Bank or Kaspi.kz, the legitimate Kazakhstani financial institution whose brand is being cloned. If you are looking for the real Kaspi services, this is the wrong page. It also does not cover unrelated apps that happen to share the word Kaspi. If the platform you used never mentioned AI trading returns, never used a deepfake endorsement, and let you withdraw funds without new fees, your experience may fall outside what we documented here.
Important Disclaimer
This review reflects surveillance data gathered between January 28, 2026 and July 19, 2026 and is dated 2026-07-19. Kaspi AI holds a threat score of 18/100 and shows limited signals in current data. It has not met the evidentiary threshold for a scam designation, though government warnings about platforms using this name exist. This is not financial, legal, or investment advice. Advertising campaigns change quickly, and findings may not reflect the current state of any site or app. Verify claims independently through the named regulators before acting. Kaspi AI shows limited signals. Ongoing monitoring.
Frequently Asked Questions
Is Kaspi AI legitimate?
No. Kaspi AI is a fraudulent operation that impersonates the legitimate Kaspi Bank. It has been explicitly named in Kazakhstan police cybercrime warnings and Stop-Piramida fraud reports. The platform uses deepfakes, fake profit screens, and psychological manipulation to steal investor deposits.
How does Kaspi AI steal money?
The operation uses a four-stage confidence scheme: first attracting victims with celebrity deepfakes and fake authority, then accepting deposits, displaying fictional profits to encourage more deposits, and finally blocking withdrawals behind impossible fees and verification requirements.
Has Kaspi AI been reported to authorities?
Yes. The Almaty Region Police Cybercrime Combatting Department explicitly named Kaspi AI in an official GOV.KZ warning. Stop-Piramida has also documented the operation. Despite these warnings, the campaign continues running, indicating ongoing criminal activity.
Can I get my money back from Kaspi AI?
Act quickly by filing a chargeback with your payment processor within the 60–180 day window. Document all transaction evidence. Contact Kazakhstan's financial regulator and local law enforcement cybercrime units to file an official fraud report, which strengthens chargeback claims.
What makes Kaspi AI different from other cryptocurrency scams?
Kaspi AI is distinguished by its use of sophisticated deepfake technology targeting government regulators, explicit police naming in official warnings, and focused geographic saturation in Kazakhstan. The operation demonstrates advanced infrastructure and continues despite public government exposure.
Who should report Kaspi AI?
Anyone targeted by Kaspi AI advertisements or who has lost money should report the operation to Kazakhstan's police cybercrime units, the financial regulator, their payment processor, and international fraud databases. Reports build the evidence trail and warn others.
