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Cryptocurrency came to market near about in 2008,where the digital global payment can be done without the interference of financial Institutions system,where slowly slowly people are getting to know about it and make research on it, start investing in crypto currency, as crypto currency working on decentralisation so there is no particular person or billionaire responsible for it's profit and loses.cryptocurrency continues to gain popularity every year as an investment instrument even in the india there are cons and prons of everything same with the crypto currency,there are so many benefits of it but people start misusing it. As cryptocurrency is become a popular tool for money laundering as it help in doing the transaction with the illegal money,in many countries crypto currency is use to done the payment to terrorist , fraud, and many other illegal transactions.
There has been several fraud cases registered every day related to crypto currency, there has been thousands of such cases raised in india, the biggest case of india is when the entire digital system of All India Institute Of Medical Sciences (AIIMS) the best government hospitals of India got hacked, the hackers demands in Crypto currency, as payments done by it does not come with any legal protections or government assurances as beacause there's no bank or any other centralized authority to find out crypto transactions.
Since 2018, the fraudsters operating from Himachal Pradesh have duped cryptocurrency investors of ₹400 crore. This coincided with the surge in the cryptocurrency market during the lockdown. The police special investigation team says the scam is estimated to be much bigger, up to ₹2,000 crore.
The recent case of Himachal Pradesh of india, where two master minded lauched crypto named as Korvio KRO in 2018,to lured many people by offering high returns within short period of time, people got tapped and lost their money. The Himachal Pradesh police has announced helpline number 85447-36565 to register your complaint regarding crypto currency fraud and can also e-mail can be send on [email protected], the information will be send to special investigation team (SIT) for further action.
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Friends, be aware of such frauds happening everywhere there is no campanpies, financial system who will gove you high return within short period of time and also promises to "make lots of money" with "zero risk," and often start on social media or online dating apps or sites.
where people gets trapped and lost lakhs of rupees within period of time, always use the official website and mobile app to do your transaction, do not share your account details to anybody,don't invest your precious money just by listening to your friends or anybody before investing anywhere do your own research on it wisely.Never click on a link from an unexpected text, email, or ads social media message, even if it seems to come from a company you know it well and always Keep track of your transaction, if you found any doubt in your transaction, immediately call your bank customer service, File the FIR to Digital crime branch bureau.
What your opinion regarding crypto frauds?
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