Indian Police Commissioner Issues Public Warning of ‘Cryptocurrency Scam’

Indian Police Commissioner Issues Public Warning of ‘Cryptocurrency Scam’

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[Blockchain Today Reporter Lee Ji-eun] On behalf of the police in Hyderabad, Ligand (ADDL). Commissioner Chicago Goel has asked Indian citizens to invest in cryptocurrencies only through reputable and long-standing players in the field.

At an event hosted by India’s Hyderabad City Police, additional police chief Shikha Goel warned Indian citizens about the rise of cybercrime, proposing not to transfer cryptocurrencies to unauthorized personal wallets.

“Scammers ask you to share cryptocurrency details, and once you put them in your wallet, the money is gone,” he said. “After simplifying sophisticated scams into sentences, 16 cases related to cryptocurrencies have been registered,” he said. emphasized.

In an interview with Hinduism, Goel revealed that 14 of 16 cryptocurrency scams were directly related to investment and trading. Usually, scammers convince victims to hand over their newly bought cryptocurrency for a higher return. “People have been scammed for 3.45 crore rupees (approx.

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