Two individuals, Varun Yadav in London and a man in Bengaluru, fell victim to a cryptocurrency scam orchestrated by individuals they met on matrimonial websites. The fraudsters lured them into investing in a platform called deuncoin.com. The scam involved manipulating investors to deposit increasing amounts of money, falsely showing gains, and then preventing withdrawals by citing suspicious activity. The scammers further urged victims to invest more for various reasons, creating a cycle of financial loss. Legal remedies include seeking immediate legal assistance or contacting law enforcement agencies' cyber cells, filing a fraud case against the perpetrators, and gathering evidence such as communication data and transaction details to strengthen the case. Investors are advised to be cautious and vigilant against such scams.Modus operandi of the crypto scam on Deuncoin:I.) You are caused to create an account at the likes of Deuncoin. You invest money to buy crypto tokens. The account shows that you own a certain range of tokens or even small withdrawals are permitted.II.) Upon seeing the increase in the portfolio, the gullible investor may get incentivized to invest more. At this stage, the investor is even allowed to withdraw gains.III.) But soon later, losses start to mount due to the manual manipulation carried out on the platform. The investor receives caused to invest extra cash to recoup losses. “No remember how efficiently you invest, your account might show losses because of the manual manipulation they do at the platform. IV.) However, when you need to withdraw a part of your portfolio, customer care would give lame excuses such as your account witnessed suspicious activity.V.) customer care would prompt you to invest a big sum directly from your bank account to complete the verification so that the withdrawals can be restored.VI.) In fact, there is no suspicious activity and urging the investor to invest more money is a ploy to extract an extra pound of flesh. An investor should view this request merely as a `red flag`.VII.) The Deuncoin representative might create a faux sense of urgency to invest more money before withdrawals are allowed. For instance, the investor would be told to invest ₹20 lakh within 24 hours to prevent the account from being completely frozen.VIII.) Even after investing extra cash, the company representative would continue to urge the investor to invest more money in the name of capital gain tax or something else. IX.) Under no circumstances, they allow depositors to withdraw any cash. The more you invest, the bigger the scam you emerge as vulnerable to. Legal remedies available In case this happens to an investor, it is advisable to search for instantaneously legal help or approach the cyber cell of regulation enforcement agencies. The affected party have to consider filing a fraud case against the wrongdoers. The collection of substantial evidence, including communication data and transaction details, can significantly strengthen the case." #Write2Earn #ScamAwareness #alert #TrendingTopic #BTC

Binance will delist privacy coin Monero (XMR) in conjunction with a handful of other assets on February 20. The XMR price dropped 17% on the information and is presently trading for $138.00, in step with CoinGecko data. With a market capitalization of $2.6 billion, it`s easily the biggest asset among the others being delisted. The different cash encompass Aragon (ANT), Multichain (MULTI), and Vai (VAI).Aragon is a code-loose DAO introduction and control platform that permits customers to distribute tokens, authorize wallets for voting, and installation governance rules. Vai is the local token of the Venus Protocol, a decentralized stablecoin issuer.Multichain, which allows customers bridge belongings and NFTs throughout a couple of blockchains, made headlines final 12 months when $126 million really well worth of price range all at once disappeared. Not lengthy after, blockchain evaluation corporations cautioned it may were an inner job. A week later, police in China showed that that they'd the crew's CEO in custody and the last crew stated they have been with out get right of entry to to the protocol due to the lacking exec.All that to mention there would not appear to be any individual topic linking all of the quickly to be delisted tokens together. Several motives have been indexed why the tokens have been flagged for delisting, together with buying and selling extent and liquidity, balance and safety, public communication, and proof of unethical or fraudulent behavior."Binance quoted When a coin or token not meets the standard, or the enterprise changes, we behavior a closer overview and probably delist it.The crypto exchange, the biggest withinside the international with the aid of using day by day buying and selling extent, recommended that any deposits after the Feb. 20 delisting will now no longer be credited to consumer accounts. But withdrawals of the tokens can be supported thru May 20, the organisation stated. #Write2Earn #etf #TrendingTopic #BTC #BinanceSqaure

The incident got here only weeks after Coinbase director Conor Grogan claimed to have discovered a couple of wallets with a pattern of purchasing tokens mins earlier than they had been listed on Binance and then selling them after the announcements.Grogan speculated the wallets could be a “rogue worker connected to the listings crew” with facts on new token listings or a dealer who discovered check alternate leaks at the exchange.In her current X thread, Yi He announced the exchange will overhaul its token list process, including as much as a $five million bounty for verified facts on corrupt personnel — beating the potential gains from the “rat warehouse.”Binance crew contributors concerned in the token list process will be subject to stricter controls, and leaked facts approximately upcoming listed projects could first result in a warning whilst second-time offenders could be sacked, Yi He said.She added that Binance could pay a bounty of $10,000 to $five million to anyone who submitted information showing corrupt Binance team members in its token list technique or elsewhere.Binance will also permanently blacklist projects who hire staff fired from the crypto alternate for corruption. Yi He stated projects should touch Binance for background checks.Its outside communications will also be tightened up, with Yi He warning that Binance will cancel token listings if listing information is leaked ahead of time.The exchange additionally aims to enhance its technical monitoring, with Yi He saying. At the same time, its token listing announcements are encrypted, it is possible scripts are monitoring Binance to automatically pounce on the news. #Write2Earn #ETH #RONIN #BTC #TrendingTopic