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,, hackertyper.internet,, and The highest 5 crypto rip-off websites alone obtained 4.6 million visits from India final 12 months.

Crypto Scam Websites Attracted Millions of Indians Last Year, Chainalysis Says
High crypto rip-off websites in India, in accordance with Chainalysis. Supply: Mint.

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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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What do you concentrate on how typically Indians visited crypto rip-off web sites? Tell us within the feedback part under.

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Kevin Helms

A pupil 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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