The Indian police have sounded a warning to locals not to fall victim to any cryptocurrency scam in the wake of surging crypto scams.
The Additional Commissioner of Police Shikha Goel warned Indians at an event in Hyderabad, India, about the rise in cybercrime. She revealed that scammers use various methods to dupe investors.
Speaking on how they operate, the officer said fraudsters use lucrative investment opportunities, illegitimate bank transfers, and cryptocurrencies to dupe unsuspecting victims.
She stated that the police handled sixteen cases involving cryptocurrency scams.
The police chief advised citizens to invest in crypto only through reputed and long-established players in the field and said coins should not be transferred to unauthorized private wallets.
Money can’t be traced back, be careful India police warns
The Additional Commissioner of Police Shikha Goel warned Indians at an event in Hyderabad, India, about the rise in cybercrime. She revealed that scammers use various methods to dupe investors.
Speaking on how they operate, the officer said fraudsters use lucrative investment opportunities, illegitimate bank transfers, and cryptocurrencies to dupe unsuspecting victims.
She stated that the police handled sixteen cases involving cryptocurrency scams.
The police chief advised citizens to invest in crypto only through reputed and long-established players in the field and said coins should not be transferred to unauthorized private wallets.
Money can’t be traced back, be careful India police warns