Crypto Scam Websites Attracted Millions of Indians Last Year, Chainalysis Says

Crypto Scam Websites Attracted Millions of Indians Last Year, Chainalysis Says

Crypto Scam Websites Attracted Millions of Indians Last Year, Chainalysis Says

Indians visited crypto rip-off web sites almost 10 million instances final yr, in line with blockchain knowledge analytics agency Chainalysis. The high crypto rip-off websites alone have been visited 4.6 million instances by Indian customers.

Millions of Indians Visit Crypto Scam Sites

Indians visited rip-off crypto web sites in droves over the previous years, in line with knowledge from blockchain analytics agency Chainalysis.

The agency discovered that Indians visited cryptocurrency rip-off web sites 9.6 million instances final yr. In 2020, the determine was a lot larger. Crypto rip-off web sites have been visited 17.8 million instances by Indian customers.

The high cryptocurrency rip-off web sites visited probably the most by Indians over the previous yr, in line with Chainalysis, have been coinpayu.com, adbtc.high, hackertyper.internet, dualmine.com, and coingain.app. The high 5 crypto rip-off websites alone obtained 4.6 million visits from India final yr.

Indian authorities have been engaged on a number of cryptocurrency rip-off circumstances. Earlier this month, the nation’s Enforcement Directorate (ED) seized assets value about $5 million in an alleged cryptocurrency rip-off involving Morris Coin.

Cryptocurrency scams are among the many high priorities for regulators worldwide. The North American Securities Administrators Association (NASAA) just lately released its “annual checklist of high investor threats,” placing crypto scams on high of the checklist. Furthermore, the U.S. Federal Trade Commission (FTC) just lately warned customers about scams involving cryptocurrency ATMs.

What do you consider how usually Indians visited crypto rip-off web sites? Let us know within the feedback part beneath.

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