coinegg

The man whose book actor Shilpa Shetty tweeted on 7 July 2017 would go on to script one of the largest ponzi schemes India has seen. Amit Bhardwaj’s GainBitcoin scam, unearthed in 2018, and which has since ballooned to $2.7 billion, enticed people to invest by promising them high returns in a short time-frame, but it did so using a little-known form of digital money at the time—cryptocurrency. Bhardwaj carried out his swindle almost in full public view—his Twitter handle and promotions for his book were a…

Fake cryptocurrency exchanges have duped Indian investors of more than $128 million (nearly Rs 1,000 crore) as the global crypto market tanks, a new report claimed on Tuesday.Cyber-security company CloudSEK said it has uncovered an ongoing operation involving several phishing domains and Android-based fake crypto applications."This large-scale campaign entices unwary individuals into a huge gambling scam. Many of these bogus websites impersonate "CoinEgg", a legitimate UK-based cryptocurrency trading platform," according…