👉👉👉 #Cryptoscam : Indian Engineer Loses $15,000 on #Telegram

An engineer from Delhi, as reported by ANI on Wednesday, has become a victim of a digital scam on Telegram, resulting in a loss of approximately $15,000, a significant amount in the local currency.

The victim received a message on Telegram from an unknown sender, offering an investment opportunity in #cryptocurrencies. Initially trusting the offer, the victim joined a Telegram group, believing it to be legitimate. As he aimed to boost his investments and earn more, he complied with all the demands presented. Starting with an investment of $120.43, he received a return of $180.65, bolstering his confidence.

Encouraged by the apparent success, the victim proceeded to plan additional investments. Eventually, he decided to invest an additional $15,000. However, after making this substantial investment, the scammers abruptly cut off communication and refused to return any money.

A local media survey revealed that Indian investors are frequently targeted by #CryptoScams , with many occurring on the Telegram platform. The susceptibility of Indian investors to scams is attributed to a lack of digital awareness, the inexperience of new investors, and the absence of adequate regulations.

In response to the escalating number of crypto scams, the Indian government is implementing stricter laws. The Financial Intelligence Unit (FIU) previously issued a show cause notice to nine offshore cryptocurrency exchanges, accusing them of "illegally operating" and violating anti-money laundering laws. Digital assets have also been included in the government's watch list, subjecting cryptocurrency markets in India to anti-money laundering provisions.

Source - coingape.com

#CryptoNews🔒📰🚫