Indian police warn about fraudulent sites masquerading as CoinDCX exchange
Delhi Police said it has received numerous complaints from affected users who invested in digital assets. For example, a 24-year-old Indian engineer claims to have started using one of these apps last month and invested about 14 lakh rupees (about $16,800). However, when he tried to withdraw the money, he was asked to transfer 4.65 lakh rupees ($5,500) as tax. Other victims had to pay much more.
According to the investigative report, no arrests have been made yet, but the name of the cryptocurrency exchange CoinDCX appears in the lawsuits. The management of this exchange stated that we are talking about fraudulent websites and applications that imitate the trading platform. However, a senior police officer said that CoinDCX has not yet filed a formal complaint.
