Indian investors lost Rs 1000 crore in fake crypto exchanges

The black market of cryptocurrencies is proving to be a loss-making deal for Indian investors. Indian investors have lost over ₹128 million (approximately Rs 1000 crore) due to the collapse of the global crypto market. Cybersecurity company CloudSEK has said that it has uncovered a scam involving several fake Android-based fake crypto applications. In this, […]
 


Indian investors lost Rs 1000 crore in fake crypto exchanges

The black market of cryptocurrencies is proving to be a loss-making deal for Indian investors. Indian investors have lost over ₹128 million (approximately Rs 1000 crore) due to the collapse of the global crypto market. Cybersecurity company CloudSEK has said that it has uncovered a scam involving several fake Android-based fake crypto applications. In this, strangers are caught doing business in big scams. There are several fake websites operating on CoinEgg, the UK’s official cryptocurrency trading platform. CloudSEK was contacted by a person who lost a large sum of money in one such cryptocurrency scam.

women are trapped and trapped

Investors are attracted to the cryptocurrency market by scammers and fraudsters, and investors are tempted to invest in cryptocurrencies. Websites with fake domain names are active on legitimate platforms. Women are recruited and befriended by potential investors. He is tempted to invest heavily in crypto.

100 100 credits via fake crypto exchange

Investors are lured by fake crypto exchanges to trade by offering 100 credits through a website operating on their fake domain. This type of account is initially frozen when trading moves to make huge profits and then make huge investments. Fraudsters embezzle money overnight.