In today’s digital era, online scams have become a serious problem. This problem is increasing even more when people are getting attracted towards new technologies like cryptocurrency. In particular, due to the increasing trend of crypto projects on popular platforms like Telegram, scammers have taken advantage of this and increased the fraud even further. Recently, a man from Mangaluru lost Rs 42.4 lakh due to this type of cryptocurrency scam, highlighting the growing dangers of this type of fraud.
Scams increasing with increasing popularity of crypto projects on Telegram
Crypto projects are growing rapidly on Telegram and people are very excited about these opportunities. In particular, new investors find these opportunities attractive because they understand that investing in cryptocurrencies can bring them huge profits. However, scammers have started taking advantage of these trends. Fraudsters portray themselves as experts or trading professionals on Telegram and attract investors. These scammers first offer free investment opportunities or pretend to be profitable trading platforms, which initially seem legitimate but are actually frauds.
The biggest example of this is in front of us right now, in which a person from Mangaluru, Karnataka lost Rs 42.4 lakh due to the greed of one such online trading. A scammer on Telegram asked to create a Telegram account and posed as a person providing online trading opportunities and shared a Telegram link. By offering to create an account after sharing the link, the scammer duped a Mangaluru man of Rs 42.4 lakh.
Ways to avoid crypto scams
It is very important to be careful while investing in cryptocurrency and online trading. Here are some tips by which you can avoid such scams –
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Beware of unsolicited offers: If a stranger is suddenly offering you an opportunity to invest, then be cautious. Especially when the offer seems too good or too good to be true, it is often a lure.
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Check Online Platform: Check the offers made by any crypto trading website or individual. Read reviews, check websites and look for reports of any fraud.
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Do not share personal information: Do not give your bank account number, password or other sensitive information to anyone. Such scammers often misuse this information.
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Report Fraud: If you suspect that you are a victim of a scam, immediately report it to the concerned authorities so that more people can avoid this fraud.
Conclusion
The growing crypto projects on platforms like Telegram have attracted people’s attention, but along with this, scammers have also taken advantage of this and started frauds worth lakhs of rupees. It is important that people do their due diligence about such online investment opportunities and do not take money from any unknown person. While understanding the risks associated with crypto trading, it is important to exercise caution and make your financial decisions based on accurate information.
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