Under the radar of regulation, crypto conmen spin brazen Ponzi schemes
Around 500,000 people have put their money in crypto Ponzi schemes, and these fraudsters have syphoned off more than Rs 4,000 crore by fooling gullible people
Bitcoin was unnoticed by the Indian govt, but it got the attention of a few opportunists who were not shy of deceiving the gullible
Scammers in India have always been early tech adopters and a step ahead of law enforcement authorities
While direct distribution companies like Amway and Herbalife must, a fraudulent cryptocurrency doesn’t even deal with a physical product
Agencies have identified 54 cryptocurrency Ponzi schemes running in India, there are many still in the shadows
There are many fake cryptocurrencies in the market nowadays, but as a ‘member’ of the Indian government, Amit Lakhanpal often assures, he’s got a safe bet for buyers which will shortly overtake even bitcoin.
This must interest you just a little bit, after all, bitcoin has been the buzzword lately—the cryptocurrency which made many early adopters of the technology millionaires overnight.
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