Crypto Scam Websites Attracted Millions of Indians Last Year, Chainalysis Says

Indians visited crypto scam websites astir 10 cardinal times past year, according to blockchain information analytics steadfast Chainalysis. The apical crypto scam sites unsocial were visited 4.6 cardinal times by Indian users.

Millions of Indians Visit Crypto Scam Sites

Indians visited scam crypto websites successful droves implicit the past years, according to information from blockchain analytics steadfast Chainalysis.

The steadfast recovered that Indians visited cryptocurrency scam websites 9.6 cardinal times past year. In 2020, the fig was overmuch higher. Crypto scam websites were visited 17.8 cardinal times by Indian users.

The apical cryptocurrency scam websites visited the astir by Indians implicit the past year, according to Chainalysis, were coinpayu.com, adbtc.top, hackertyper.net, dualmine.com, and coingain.app. The apical 5 crypto scam sites unsocial received 4.6 cardinal visits from India past year.

Top crypto scam sites successful India, according to Chainalysis. Source: Mint.

Indian authorities person been moving connected respective cryptocurrency scam cases. Earlier this month, the country’s Enforcement Directorate (ED) seized assets worthy astir $5 cardinal successful an alleged cryptocurrency scam involving Morris Coin.

Cryptocurrency scams are among the apical priorities for regulators worldwide. The North American Securities Administrators Association (NASAA) precocious released its “annual database of apical capitalist threats,” putting crypto scams connected apical of the list. Furthermore, the U.S. Federal Trade Commission (FTC) precocious warned consumers astir scams involving cryptocurrency ATMs.

What bash you deliberation astir however often Indians visited crypto scam websites? Let america cognize successful the comments conception below.

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