Crypto Scam Websites Registered 9.6 Million Visit From India in 2021: Report
India has registered high growth in Cryptocurrency Scams and a report shows 9.6 million visits in 2021.
Highlighted facts
- The number of Indians visiting cryptocurrency scam websites has been decreased in the year 2021.
- The data reveal 17.8 million people in 2020 were visited fake websites for cryptocurrency and now only 9.6 million people visited in 2021.
- Among many scams websites, Coinpayu.com and Adbtc.com are at the top of the list of the websites that have been under the name of scam websites.
Read More: Cryptocurrencies Banned ? In Pakistan, Central Bank Looks to Ban: Report
At a crucial time, the government of several states in the world are planning to ban the currency. Many others are planning to control it and create worth for their nation. The currency is also making its expansion in the whole part of the world and in India, about 100 million people are experimenting with it.
In a report of Chainalysis, it has been claimed that in 2021 alone, the cryptocurrency fake visit from India has been witnessed about 9.6 million from India. The numbers are telling the awareness of most people are using fake places to invest in cryptocurrency.
As the born of the new space named crypto Space the cybercrime also has shown inflammation in terms of the frauds and misinformation or data theft in the whole world.
There also have been shortlisted the 5 Topmost Scamming websites that have been used by the people of the country India in 2021 are Coinpayu.com, Adbtc. top,Hackertyper.net, Daulmine.com, and Coingain.app, the information was revealed as per the report published by Mint citing Chainalysis data.
Many of these we3bsites has been made unlawfully to collect the data of the information of the visitor even without their consent or knowledge as the Names, emails, phone numbers, and other sensitive details of the crypto investor are often collected by these malicious websites, exposing them trop the risk of being scammed again.
The famous fraud Morris Coin fraud, in which the fake investment plan introduced by the website will cheat with you. Similarly, these days, these websites are using hacks.
The scamming sites people also use the mainstream networking apps like WhatsApp and Telegram and choose the high potential crypto investors.
The official Twitter account of Shibu Inu cryptocurrency, last year also released the news, awaking to all the investors from the duping scams making the rounds of Telegram.
The report by Chainalysis also reported that the number of such visitors to fake websites has been decreased by comparing them with the past year’s analysis. The previous year’s data was about 17.8 million visitors to scamming websites and now it is 9.6 million.
Internet and Mobile Association o0f India (IAMAI), has also formed the Blockchain and Cryptocurrency Assets Council (BACC) in 2021 to spread information about cryptocurrency.
The step has been taken by the Telangana State Authority inked a deal with exchange CoinSwitch and innovation management firm Lomos Labs to mark the blockchain education-focused initiative in India.
The famous and best cryptocurrency exchange platform CoinSwitch Kuber app also has mentioned warning features on their platform to make the investors alert while they are considering the purchase of any related cryptocurrency from their platform.
Last year in a report, published by Chainalysis in December was revealing the fact that the crypto scams mooched off over 7.7 billion from investors.
On Monday, while addressing the World Economic Forum, the Prime Minister of India Narendra Modi has also raised the topic of concerns over the ruling of cryptocurrency.
Pakistan’s National Bank recently requested its Sindh High Court to ban the cryptocurrency from the country and impose a heavy fine on all the exchange platforms in the country.
Where many countries are planning to ban and control some countries made the use of such assets legal and people are enjoying it conveniently.
