There is an alarming rise in Cryptocurrency scams and thieves are into new and old techniques to rob money. The latest scams involve rug pulls, Ponzi schemes and phishing.
Notably a shocking news is in the air that Ponzi crypto app collected crores and vanished overnight.
Several people have lost their life savings as their funds have been wiped out after their investment in Ece Limited, that ensured people of promised daily, monthly returns.
An ironic news comes to light that Crypto Trading app, Ece Limited, in which thousands of people invested crores of rupees, has not only vanished from app stores, but also ceased functioning since September 26. This came to light after some of the victims approached MIDC police station on Thursday to seek help after losing their investments.
As per One of the victims, Reena Tiwari, she and her family members had invested over Rs 16 lakh since July. Pathetically, when they log in on the app, it reflects zero balance in their account.
Many investors who invested on Ece Limited prior to the app stopped service their account showed zero balance.
Reportedly, Ece Limited, which claimed to be an USA-based firm, had opened two Telegram groups – ECE Indian Community with more than 19,000 members and Ece Official – where they spread their investor base. According to As estimates, the company has decamped with hundreds of crores of rupees.
Many of the victims had used their life’s savings, and some had even taken loans…
