This group appears to be related to identifying and exposing cryptocurrency scams. Multiple sources indicate a project named 'SCAM' or 'ScamCoin' aiming to raise awareness of fraudulent activities in the blockchain industry and potentially provide reimbursements. The project has a presale available at scamcoin.io/presale/. ScamCoin is also linked to an anti-scam directory called SCAM_INDEX. Be cautious as the group name explicitly includes 'SCAM', suggesting a high risk of potential fraudulent activity.