Indian crypto investors have lost about 1000 crore to several ongoing fake crypto exchanges scam, according to a report by cyber security research company, CloudSEK.
The report said that the primary reason that Indians were falling prey to these kinds of cyber attacks was because the attackers replicated an exact copy of the original crypto website and made it difficult for people to differentiate between the original and duplicate.
The global crypto market capitalisation went down by 0.92 per cent to $950.24 billion as of 8.30 am. However, the global crypto volume was up by 16.38 per cent to $57.75 billion as per Coinmarketcap data.
Cryptocurrency Prices
Bitcoin (BTC), the world’s oldest cryptocurrency, was trading at $21,150.37, lower by 1.1 per cent in the last 24 hours. Ethereum (ETH) was down by 1.01 per cent to $1,220.12.
“The market leader fell slightly on Sunday but continues to hold stead above $21,000 and Ether remains over $1200. The struggle for an upward trend holds back any chances of a rally, at bay currently. This week might prove to be more decisive, with either a strong support or further breakdown in price,” says Gaurav Dahake, CEO and founder, Bitbns.
Among other significant coins, Cardano (ADA) was down by 0.48 per cent at $0.4993, Algorand (ALGO) was trading with a loss of 2.62 per cent at $0.3372, Solana (SOL) was…
