A new cryptocurrency scam in India is targeting wealthy individuals using a fake mobile app.

According to India TV News, cybercriminals are targeting high income individuals across India. Victims receive messages through social media groups asking them to sell and buy Bitcoin through a mobile app.

This app, which supposedly acts as a crypto exchange, is actually entirely fraudulent. Once a user’s Bitcoin is deposited on the fake exchange, the scammers stop responding to queries from the…

… Continue Reading at: cointelegraph.com [source]