There is not much clarity on what the future of cryptocurrencies will hold in India, but those who are investing need to be alert. Indeed, cases of fraud in the name of cryptocurrencies have increased. Fraudsters are defrauding investors betting on cryptocurrencies in a new way.
What are the new methods: Fraudsters are defrauding investors through phishing, honey trapping, blackmailing and other ways. Investors are being sent emails asking them to click. After this, you will be asked to submit your personal information on the new website. Once the hackers gain access to this information, they access the wallets of investors and begin stealing cryptocurrencies.
Investors are also being cheated through honey trapping. In this type of fraud, the victim is being tempted and promised to be in a relationship with him. After this, all the information from the aggrieved investor is duped.
– Fraudsters are also adopting the method of blackmailing to extract important information about a person’s crypto wallet. For example, fraudsters who say they have data on a victim’s visits to pornographic websites or other illegal websites will leak it. This blackmailing continues till the personal information is not shared.
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Investors are being cheated even in the name of business opportunity. The fraudster assures that the investor will get a guaranteed return by investing a large sum of money in the business. When an investor falls into this trap, he is duped.