Hyderabad police spokeswoman Shikha Goel said most of the fraud cases involved investment and cryptocurrency trading.
Police Commissioner Shikha Goel
reported on Twitter about the various methods used by scammers to defraud cryptocurrency investors. It could be advertising with an inflated return on investment, illegal bank transfers, or cryptocurrency transactions, she said. The city police commissioner noted that the number of cryptocurrency investors in India has increased, against the background of this, the number of cases of fraud associated with digital assets has grown.
“They [мошенники] asking you to provide a private key from a cryptocurrency wallet. And as soon as you place cryptocurrencies on your wallet, they steal them. ”
India has already reported 16 cases of fraud based on this simple scheme, Goel said. The Commissioner urged not to transfer cryptocurrencies to wallets opened by unlicensed and unfamiliar companies.
“If you are going to invest in cryptocurrencies, only contact well-known and long-established players in this field.”
Goel reported that 14 out of 16 cryptocurrency fraud cases were directly related to investment and trading. She clarified that recently investors, in pursuit of high profits, transferred 36.6 crore rupees (about $ 458,000) to the wallets of the fraudsters. She warned that due to the functional features of the blockchain, deceived investors will not be able to return the cryptocurrencies.
In 2020, the Indian Malapurram District Police identified the Morris Coin cryptocurrency pyramid. In the same year, the Indian cryptocurrency platform Pluto Exchange was accused of defrauding 43 investors and stealing their digital assets worth more than $ 272,000.In March 2020, the founder of the cryptocurrency exchange Bitcipher Labs was arrested in India, who stole 63.5 BTC from the trading platform four months later. after leaving.
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