Signal trading 'school' and phony exchange rob investor of $860K: Lawsuit

INSUBCONTINENT EXCLUSIVE:
life-changing profits.In a lawsuit filed last week in federal court, Brian Firestone alleges that the Alpha Stock Investment Training Center
(ASITC), which operated out of downtown Denver, partnered with a fraudulent exchange called CoinBridge Partners in Cherry Creek to carry out
the scheme.Firestone says he was first approached in December by a man named John Smith, who claimed to represent ASITC
1660 Lincoln St
and directed users to trade via CoinBridge, which claimed to have raised $10 million from 600 investors
Center
investorsASITC allegedly used a method called signal trading
Students would then click to execute the trade via their CoinBridge account.Firestone says his initial $500 quickly ballooned to $55,000,
prompting him to invest $50,000 more in January
8
Thank you for letting me in this trade today
A losing trade reportedly brought his balance down to $12,000
Firestone then wired $470,000 in cash and took a $330,000 loan from ASITC to continue trading
messaged Smith
more from ASITC, bringing his account to $6.6 million
and founder Raymond Torres of fraud, theft, and racketeering
eye: What you need to know$2.1B crypto stolen in 2025So far in 2025, over $2.1 billion has been stolen in crypto-related incidents, with
most losses tied to wallet compromises and key mismanagement, CertiK co-founder Ronghui Gu said
The trend points to a growing shift from code-based hacks to targeting user behavior.In 2024 alone, phishing attacks accounted for over $1
billion in losses across nearly 300 incidents, making it the most damaging method of attack in the crypto space.Magazine: History suggests