HYDERABAD: Crypto scammers are resorting to hit-and-run fraud by hosting fly-by-night websites, mopping up millions in garb of investments from blockchain newbies and shutting shop. The surge in crypto scams can be gauged by the rising number of cases lodged with cybercrime police of Cyberabad, Hyderabad and Rachakonda.
For instance, http://expertcryptotrader.com/ collected money from investors in Hyderabad and swiftly shut down. On June 11, Kammagoni Deepika, a B.Sc student and resident of Izzat Nagar, Hitech City, received a friend request from Instagram ID: natasha_Smith_4444, introducing herself as a binary trader and bitcoin consultant with Certified Trader Investment Options Trading.
