Cryptocurrencies have found millions of early adopters in India, and the number of people jumping on the crypto bandwagon is increasing exponentially every day. But not all investors fully realise the risks involved in the highly volatile crypto market.
With no central resource for credible crypto-related information and no legal recourse in the absence of regulations, these investors might attract scamsters and hackers waiting to trap gullible investors.
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Chainalysis also released the names of the top five crypto scam websites visited by Indians–coinpayu.com, adbtc.top, hackertyper.net, dualmine.com, and coingain.app. Roughly 4.6 million Indians visited these sites in 2021 alone.
The problem with these websites is the sheer number of them prevalent on the internet. If one is taken down, another one pops up to take its place. To make things worse, these scamsters also use varying modus operandi. They can dupe investors through email scams, phishing scams, or giveaway scams, and that is just scratching the…
