The scam email claimed that bitcoin was about to make history in by exceeding its past all time high (ATH) of $20,, prompting them to go to a “Click here” option, to invest further. The news portal stated that an irate user Dominic Thomas was inundated with back to back emails since Friday, which prompted him to report the matter to. Hyderabad: The cybercrime wing of Hyderabad Police on Thursday arrested a bitcoin fraudster who had cheated several persons on the pretext of giving them huge returns if invested in bitcoins. The. Aug 14, · Bloomberg also reported that most Google searches for laundering money in that period were made from Gujarat, and Indians were willing to pay up to 25% more for Bitcoin. Throughout , Bitcoin gained value like nothing else. The price of one Bitcoin shot up from $ to $20, It became a must-have asset.
Bitcoin fraud news indiaBitcoin fraud: How investors lost Rs 22, crore - Times of India
This arrest comes just days after ten were arrested for running an Israeli based crypto scam. This clearly shows that the scammers are making a comeback and investors need to be alert.
As the cryptocurrency continues to soar so will the scams continue to increase. Hackers are also an epidemic that will rise with the market surge. All Rights Reserved. Search for:. Price Analysis. ICO Review. Submit ICO Review. Editor's Pick. Share on Facebook. Notification Center. Too good to be true, hordes of rich investors in Gujarat realised a year later when the BitConnect platform folded up after pocketing roughly Rs 22, crore of their money in Bitcoin.
For many, it was a double whammy after the jolt of demonetisation. In fact, the Bitcoin craze had started in the state as people looked for safe ways to launder their piles of black money after November Read Post a comment.
Characters Remaining: Continue without login. Login from existing account Facebook Google Email. The accused person cheated around depositors in Telangana and accumulated Rs 10 crore from them. He was arrested under various sections of IPC and remanded to judicial custody". Special teams have been formed to nab the other accused persons in the State and a letter has been written to the Union Home Ministry about the scam happening all over India on the pretext of bitcoins.
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