Another day, another scam! The Mumbai police crime branch recently busted a cryptocurrency gang which ran a cryptocurrency scam that amassed more than 100 crores. The gang launched a cryptocurrency called Cashcoin and scammed gullible investors by promising to double their money. The scam was perpetrated across Maharashtra, Gujarat and Uttar Pradesh.
The incident came to light when a person who was duped of Rs 1.2 crore filed a complaint with the police. Four persons have been arrested in the case. The police
It is surprising to see people falling prey to such scams in the country. We have said it before and we say it again – If it sounds