Indians visited scam crypto websites in droves over the past years, according to data from blockchain analytics firm Chainalysis.
The firm found that Indians visited cryptocurrency scam websites 9.6 million times last year. In 2020, the figure was much higher. Crypto scam websites were visited 17.8 million times by Indian users. The top cryptocurrency scam websites visited the most by Indians over the past year, according to Chainalysis, were coinpayu.com, adbtc.top, hackertyper.net, dualmine.com, and coingain.app. The top five crypto scam sites alone received 4.6 million visits from India last year.Indian authorities have been working on several cryptocurrency scam cases. Earlier this month, the country’s Enforcement Directorate Cryptocurrency scams are among the top priorities for regulators worldwide.
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Biggest scam website is Binance
Not exactly the brightest bunch though are they.
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People should educate themselves. You should never trust your crypto to anyone. I, personally, prefer to manage my crypto on finex myself.
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That's why you only need to trande crypto on trusted platforms like bitfinex.
I am sure there should be Binance for all their fradulent schemes and doing wash trading.
Cryptocurency is a decentralized and permissionlles space and these are the reasons scams are easily perpetrated. With fiat you might get a warning from your bank or credit card company. But with cryptocurency, you are your own bank -- that is why crypto education is vital.
I'm here to see all the scams that will show up on this post!
Check Coiniswap. They’re a scam
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