EOS has been down 1.33% in the last 24 hours. On Sunday, December 26, 2021, at 6:25 a.m., the transaction
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On behalf of the Hyderabad City Police, Addl. Commissioner Shikha Goel asked Indian citizens to invest in crypto only through reputed and long-established players in this field.
Goel highlighted the various methods that are actively being used by fraudsters to dupe investors such as lucrative investment opportunities, illegitimate bank transfers and cryptocurrencies. Acknowledging the growth of Indian crypto users, Goel added:
“They [fraudsters] ask you to share your cryptocurrency details. And once you put it in your wallet, then the money is taken away.”
After simplifying the elaborate fraud in a sentence, Goel also highlighted that sixteen such cases have been registered involving cryptocurrencies.
The Additional Commissioner of Police Shikha Goel warned Indian citizens about the rise in cybercrime in an event hosted by the city police of Hyderabad, India, suggesting not to transfer cryptocurrencies to unauthorized private wallets.
Do not transfer your cryptocurrency to unauthorised private wallets
Dont fall prey to fraudsters #BeCyberSmart pic.twitter.com/eJOwsnLSmX— Shikha Goel, IPS (@AddlCPCrimesHyd) December 26, 2021
As a fair warning to the Indian crypto investors, the commissioner said:
“If you are going to be using or investing in cryptocurrency, please go only to the reputed and long-established players in this field.”
Speaking to local news The Hindu, Goel revealed that 14 out of the 16 crypto fraud cases were directly related to investment and trading. Typically, the fraudsters convince the victims to transfer their newly purchased cryptocurrencies for higher profits, which according to Goel:
“People have been cheated of 3.45 crore rupees (roughly $458,000) in their greed for higher returns against investment in cryptocurrency.”
DIAL 155260 to report financial cyber fraud like OTP , UPI or any other cyber crime where you have lost money
And yes do not delay in informing
If you inform us on time on this helpline chances of retrieving the amount are high #BeCyberSmart pic.twitter.com/HgXF34h2ko— Shikha Goel, IPS (@AddlCPCrimesHyd) December 26, 2021
“Once you get cheated, it is a dead-end. Virtual money can never be traced back and returned to the original owner,” she concluded.
Related: Indian state government to accredit Web 2.0 and Web 3.0 blockchain startups
The state government of Telangana also leads India’s blockchain efforts as it launches India Blockchain Accelerator program to foster early-stage Web 2.0 and Web 3.0 startups and blockchain developers.
Speaking to Cointelegraph, Rama Devi Lanka, Telangana government’s director of emerging technology, shared her interest to use blockchain technology for solving real-world problems, adding:
“The Telangana government will help provide the required regulatory framework to enable and promote blockchain growth.”
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Every now and then, we hear about a crypto project that vanished after making millions in profit. Investors who partook in those projects are left crying in public forums, wondering what went wrong. In reality, crypto scams are somewhat easily noticeable. A few simple checks are enough to determine if the project is worth it or not. In this article, we are going to talk about those essential checks that investors need to do before partaking in any crypto project.
A phenomenon that has been getting worse in the last few weeks is the fake accounts of prominent influencers. The famous Twitter account Plan B addressed this topic lately in a tweet:
The number of fake accounts that ask fans of real accounts about cryptocurrencies to invest is also increasing on YouTube and Instagram. Some of these accounts are very similar to real accounts. Fake accounts are now one of the most widespread crypto scams.
More and more crypto scams are also occurring in which you receive an email claiming that data has been collected about you. The emails ask you to transfer Bitcoin to a specific wallet. Otherwise sensitive data about you would be published or your bank account would allegedly be emptied. Make sure to ignore these emails!
Some of these crypto scams are already serious criminals. There are certain groups of criminals who target owners of bitcoins and other cryptocurrencies. In some cases, they even want to gain access to the portfolios of crypto owners by force.
Pay particular attention to your safety if you are invited to face-to-face meetings with people you do not know! In addition, never give your address or your whereabouts to an unknown person online!
The classic among the crypto scams is the so-called Ponzi scheme. You are promised that you can earn high returns by investing your bitcoins. With Ponzi schemes, however, returns come from other people’s investments. This usually only earns the very first investors and the majority of them lose their coins. Ponzi schemes are not only present in the crypto area and unfortunately, work again and again.
The fake Bitcoin exchanges are among the most cheeky crypto scams. These pretend to be a large Bitcoin exchange that attracts you with extremely low fees. Their only job is to get your FIAT money out of your pocket. These scam exchanges often look very professional at first glance. Therefore stick to reputable crypto exchanges. These include Binance , Coinbase , Kraken, and Bitfinex .
The post Do THIS to Avoid Crypto Scams – Don’t Fall Victim to Shady Crypto Deals! appeared first on CryptoTicker.
Everybody inside and outside of the metaverse world knows that land ownership is important, and acquiring a plot of land is a very traditional investment. What most people outside of the metaverse world don’t quite understand — or are still not convinced of — is why people want to become landowners in the metaverse, and […]
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