Let's know today what is the top crypto Ponzi scheme website list name in this blog free of cost. Topic to cover What are the fake crypto platforms, are there fake crypto apps, Is MLM legal in India? With this information, we hope beginners are aware of where and how cryptocurrency investment can be done and also can know which digital coins are booming in 2023 as well as in 2024. We bring this information to make you aware of fraudulent websites that can lead to loss of money online.
Check out the 10 most common cryptocurrency scams in 2023 prevailing in the UK, USA, India, China, Hongkong, Australia, Switzerland, Canada, Africa, Thailand, etc. All people in this world who want to earn or buy digital coins and earn from blockchain will be more beneficial from reading this blog. That is to say, you should be aware of these fake, scam, phishing, and Ponzi crypto websites listed below
What is the biggest Ponzi Scheme in India?
- www.defimine.net : Who are the defi scammers?
- btc(.)imtoker(.)cn
- imtokenhot(.)com
- bgj(.)im
- token-pockets(.)com
- crytoratemark(.)com
- value-capital(.)td
- jpcrypto(.)io
- chickenfastmining(.)com
- coinifytradingbolt(.)net
- daofenix(.)com
- bitcoinfrex(.)com
- coppercrypto.info
- hkslead.com/en/
- file-coinfo.com
- wincoining
- doexurd.com
- pbexurd/#/
- defi.wallet-usdt-eth.com
- usdcde.site
- thebigmars.com
- bybpoz.com
- imxofz.vip
- asproex.com
- energisetrade.com
Where will you meet this scammer and how they will steal your many comprises in various ways. Check out the following ways that you must be aware of now.
- Social media platform
- AI crypto scam
- Unreal celebrity endorsement
- Romance scams or pig butchering
- Fake wallet
As you see there was a rise in the adoption of crypto coins in large numbers and the main type of activities they performed in their scamming activities included rug pulls and giveaway scams along with pig butchering. There had been many questions asked to us in our previous blog, it asked me WHy is the blockchain hackable and none owns the blockchain network. It is the reason behind its decentralized nature. However, a victim might think, this should be turned centralized so that everyone legally earns the average income. In the short term the absence of banks or any centralization authority to track scams and others, there are scams every second across the globe. As per our reports from the world's biggest crypto scammer when checking on their smart contract scams transaction has an account on ether.io, it found that the scammer was not alone, there were groups of people, and still today they are enjoying in some parts of New York, UK, HongKong or in India as per the social media and phone number reports.
What is the best crypto ponzi scheme?
With the rise of opportunity in blockchain digital coins, you must be careful of spending on the market too. The best Ponzi scheme to be aware of includes the one coin which lasted for many years. The one coin defrauded a total of $5.8 billion but later the US government cracked down on this company's operation.
The next top-hit Ponzi scheme is Bitconnect, which will promise you about monthly 40% return. As of now the operator of this Bitconnect is unknown, people called him Nakamoto. Later the US govt declared the bitconnect as a scam and then the BCC price started falling.
Gain bitcoin is also one of them that is sprung in India which was a cloud base mining in 2016. Related to this Amit Bhardwaj was arrested in 2018 and was charged with defrauding 8,000 investors
Defimine.net crypto Smart contract latest crypto Scam
This website will run on a coinbase wallet or in Binance but not in coindcx and it will add an Ethereum worm to your wallet. The scammer asked you to put in more deposits and get more returns.
Is the pyramid scheme banned in Country India?
Yes, the pyramid scheme is banned in India, and such examples the Michael Ferreira speakasia.com, saradha group, amway scam, city limousines scam, etc. Do you know the father of the pyramid scheme is Charles Ponzi?
Which MLM Marketing is legal in India?
According to Indian law, network marketing is legal but illegal multi-level marketing is banned. So beware of fraudulent websites in this network marketing. As reported online thousands of fake apps, and color prediction games prevail in the country, it is the need of the user to be aware of the latest trend in blockchain hacking scam techniques.
- Estimated loss: ₹20,000 crores (approximately $2.7 billion USD)
- Scheme: Ponzi scheme promising 10% monthly returns
- Founder: Amit Bhardwaj
- Estimated loss: ₹1,500 crores (approximately $200 million USD)
- Scheme: Ponzi scheme promising 40% monthly returns
- Founders: Satish Kumbhani and Divyesh Darji
- Estimated loss: ₹500 crores (approximately $67 million USD)
- Scheme: Ponzi scheme promising 20% monthly returns
- Founder: unknown
- Estimated loss: ₹1,200 crores (approximately $160 million USD)
- Scheme: Ponzi scheme promising 300% returns
- Founders: Ruja Ignatova and Sebastian Greenwood
- Estimated loss: ₹2,200 crores (approximately $300 million USD)
- Scheme: Ponzi scheme promising 200% returns
- Founder: Manoj Kumar Sharma
- Unrealistic returns
- Lack of transparency
- Unregistered projects
- Poor security
- Unverifiable teams
- Pressure to invest quickly
- Complex compensation plans
- Unlicensed or unregulated operations
- Research thoroughly
- Verify project registration and licenses
- Demand transparency
- Ensure robust security measures
- Check regulatory compliance
- Be cautious of unsolicited investment offers
- Report suspicious activities
- RBI's cryptocurrency ban (2018)
- Government's cryptocurrency bill (2021)
- SEBI's guidelines for cryptocurrency investments
- Enforcement Directorate's (ED) investigations into crypto scams
- Economic Offences Wing (EOW)
- Cyber Crime Cell
- Reserve Bank of India (RBI)
- Securities and Exchange Board of India (SEBI)
- Enforcement Directorate (ED)
- CoinDesk India: Crypto news and updates
- CryptoSlate India: Crypto scam reporting and analysis
- Blockchain Council India: Crypto education and resources
- What is a crypto Ponzi scheme?
- How do crypto Ponzi schemes work?
- How can I protect myself from crypto Ponzi schemes?
- What are the red flags of crypto Ponzi schemes?
- Where can I report crypto Ponzi schemes in India?