The money was easily siphoned off from that e-wallet. The investors were offered an e-wallet to deposit the money with the classic promise of multifold return in a short period. ![]() The report cited an ED source who claimed that 10 Morris coins were priced at Rs 15,000. Also Read - Female cryptocurrency investors comprise 15% of userbase: CoinSwitch Kuber The investors were given a lock-in period of 300 days. The crypto by the name “Morris Coin” was listed in a Coimbatore-based exchange called Franc Exchange. Also Read - India gets its first crypto index, IC15: Bitcoin, Ethereum, Binance Coin take top positionsĪ report by The Indian Express has revealed that the investment in the fake cryptocurrency was done in the year 2020, after the lockdown was enforced. The investments were made to look lucrative in a way similar to initial public offering (IPO) in the stock markets. The concept of the new cryptocurrency was surfaced by a man in Kerala. The Enforcement Directorate has reported that around 900 people have been duped to the tune of Rs 1200 crore in an “Initial Coin Offering” (ICO) of a cryptocurrency that is non-existent.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |