Home Bitcoin News Bitcoin Scam Crypto Rip-off Web sites Attracted Thousands and thousands of Indians Final Yr, Chainalysis Says – Featured Bitcoin Information – Bitcoin Information

Crypto Rip-off Web sites Attracted Thousands and thousands of Indians Final Yr, Chainalysis Says – Featured Bitcoin Information – Bitcoin Information

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Indians visited crypto rip-off web sites practically 10 million occasions final yr, in response to blockchain knowledge analytics agency Chainalysis. The highest crypto rip-off websites alone had been visited 4.6 million occasions by Indian customers.

Thousands and thousands of Indians Go to Crypto Rip-off Websites

Indians visited rip-off crypto web sites in droves over the previous years, in response to knowledge from blockchain analytics agency Chainalysis.

The agency discovered that Indians visited cryptocurrency rip-off web sites 9.6 million occasions final yr. In 2020, the determine was a lot larger. Crypto rip-off web sites had been visited 17.8 million occasions by Indian customers.

The highest cryptocurrency rip-off web sites visited probably the most by Indians over the previous yr, in response to Chainalysis, had been coinpayu.com, adbtc.high, hackertyper.internet, dualmine.com, and coingain.app. The highest 5 crypto rip-off websites alone acquired 4.6 million visits from India final yr.

Crypto Scam Websites Attracted Millions of Indians Last Year, Chainalysis Says
Prime crypto rip-off websites in India, in response to Chainalysis. Supply: Mint.

Indian authorities have been engaged on a number of cryptocurrency rip-off instances. Earlier this month, the nation’s Enforcement Directorate (ED) seized assets price about $5 million in an alleged cryptocurrency rip-off involving Morris Coin.

Cryptocurrency scams are among the many high priorities for regulators worldwide. The North American Securities Directors Affiliation (NASAA) just lately released its “annual record of high investor threats,” placing crypto scams on high of the record. Moreover, the U.S. Federal Commerce Fee (FTC) just lately warned customers about scams involving cryptocurrency ATMs.

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Kevin Helms

A scholar of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source techniques, community results and the intersection between economics and cryptography.




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