Crypto Scam Websites Attracted Millions of Indians Last Year, Chainalysis Says – Featured Bitcoin News
Indians visited crypto rip-off web sites practically 10 million instances final 12 months, in accordance with blockchain knowledge analytics agency Chainalysis. The highest crypto rip-off websites alone had been visited 4.6 million instances 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 accordance with knowledge from blockchain analytics agency Chainalysis.
The agency discovered that Indians visited cryptocurrency rip-off web sites 9.6 million instances final 12 months. In 2020, the determine was a lot greater. Crypto rip-off web sites had been visited 17.8 million instances by Indian customers.
The highest cryptocurrency rip-off web sites visited probably the most by Indians over the previous 12 months, in accordance with Chainalysis, had been coinpayu.com, adbtc.prime, hackertyper.internet, dualmine.com, and coingain.app. The highest 5 crypto rip-off websites alone obtained 4.6 million visits from India final 12 months.
Indian authorities have been engaged on a number of cryptocurrency rip-off circumstances. Earlier this month, the nation’s Enforcement Directorate (ED) seized property price about $5 million in an alleged cryptocurrency rip-off involving Morris Coin.
Cryptocurrency scams are among the many prime priorities for regulators worldwide. The North American Securities Directors Affiliation (NASAA) not too long ago launched its “annual listing of prime investor threats,” placing crypto scams on prime of the listing. Moreover, the U.S. Federal Commerce Fee (FTC) not too long ago warned customers about scams involving cryptocurrency ATMs.
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