Fake apps in the name of cryptocurrencies,Fraud is rampant in the cyber world

Fraud in the name of cryptocurrencies is also widespread in the cyber world.The scam involves the introduction of cryptocurrencies through various mobile apps to attract investment.Some scams are caught but the swindlers change their name.

The sudden high value of Bitcoin has attracted many young people to cryptocurrency.But due to the high price, many people are not able to buy Bitcoin.Cryptocurrency is being introduced through mobile apps under various names instead of BTC.Get some coin for free if you install the app.The interpretation is that the free coin is given because of the use of mobile data for cryptocurrency mining. Fraudsters will cash in on the coin and return a small amount.This is a bait.

Many fraudulent apps are not available in the Play Store or App Store.Even if there is, there is no customer care or mobile number to ask questions.Since cryptocurrency is not approved by the Reserve Bank, there are limitations to complaining about money loss.

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