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Benzinga
Benzinga
Business
Murtuza Merchant

Indians Have Lost $130 Million in Fake Crypto Exchange Scams: Report

Scammers have duped Indian investors to the tune of $130 million, by luring them to invest in fake crypto exchanges using techniques like phishing and identity thefts spread through social media, according to a report.

According to an investigation conducted by cyber security firm CloudSEK, malicious schemes involving multiple payment gateway domains and Android-based applications have been used to lure unsuspecting individuals into a “mass gambling scam.”

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