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Indian Police Launch Investigation Into Yet Another Alleged Crypto Scam

The Delhi Police’s Economic Offence Wing has launched an investigation into an alleged scam that ripped off 43 investors for more than $272,000. So reports MarketWatch.

india 1617463 640 smallIndian cryptocurrency platform Pluto Exchange’s operator is at the heart of the investigation. According to the article, exchange founder Bharat Verma is accused of luring investors into a fraudulent trading and mining operation called “F2poolminin” and then withholding promised payouts. Indian investors have been ripped off for more than $500 million in cryptocurrency-related scams between 2017 and 2019.

Read the full article from Cointelegraph.

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