Don’t transfer cryptocurrency to private wallets: Shikha Goel
The Hindu
Fraudsters from China or Nigeria cheating people promising higher returns, encash the virtual money transferred
The desire to get rich overnight in the new fad of cryptocurrency investment has been fraught with landmines. People’s craze to invest in the virtual money backfired with Hyderabad police registering as many as 16 cases in the recent past.
Police said lack of knowledge on the part of investors, greed, and infallible behaviour in pursuit of the lure of the lucre is easily leading them to the crypto cheaters’ net.
Speaking to The Hindu, Additional Commissioner of Police (Crimes and SIT) Shikha Goel said that of the 16 cryptocurrency fraud cases, 14 were related to investment and trading. “People have been cheated of ₹ 3.45 crore in their greed for higher returns against investment in cryptocurrency,” she said.
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