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- A duo of a man and a woman arrested allegedly for shaming investors on the pretext of Bitcoin trading.
- The victim lodged a complaint against two individuals who ran an ‘organized gang’ to dupe people in the name of investing in trading Bitcoin.
Manoj Patel and Avika Mishra have been accused of being involved in a scam of about 10-15 Crore Rupees, said the police on Friday.
A man complained to the police special operation’s group, in which man stated that he was, allegedly, scammed by two individuals who ran an ‘organized gang’ to dupe people in the name of investing in trading Bitcoin.
The police said that the duo was running a website and a company to lure people into making huge investments in Bitcoin trading to get high returns.
They later shit the website and asked the victims to invest in another company without returning their money, the police added.
Crypto Scammers were Planning to Escape
Anil Palliwal, the additional director general (ADG) of the anti-terrorism squad and the SOG, special operations group, said, “Both the accused were planning to escape to a foreign country. They were caught and placed under arrest.”
Ever since the news of sudden growth of Cryptocurrencies like Bitcoin has broken headlines around the world, it has been common news in almost every country. People have been excited to cash into the Bitcoin boom and make easy big money. But many of them have found their beautiful dreams turn into nightmares.
Beware of Crypto Ponzi Scams
The scams have only risen ever since. These scams have destroyed the trust of the investors in Cryptocurrencies. Even though the people are taking precautions to avoid scams. The scammers somehow find a way to create new Ponzi schemes to lure people into the dream of making a quick fortune in Cryptocurrency.
We urge you to decide carefully and not fall for such Ponzi schemes. We are listing some essential points for you to look out for when trying to invest in Cryptocurrencies.
- If they ask you for money for registration and processing your request, it might be a scam.
- Always use popular and know brokerage companies.
- To check for the authenticity of the platform or company, check online and use platforms like Twitter to ask around and verify the authenticity of the company.
Be safe and don’t trust any get rich quick schemes; there is no such thing as easy money.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
