scamindia

⚠️ The Dark Side of Tech Hubs: India's Counterfeit Crypto Coin Epidemic
$XRP
* India, despite being a major global technology hub, has seen a worrying surge in the creation and proliferation of counterfeit cryptocurrencies.
$SEI
* These fraudulent digital assets often appear on various crypto exchanges with the sole purpose of misleading and exploiting new retail investors.
$DOT
* Scammers leverage sophisticated social engineering and often replicate the branding of legitimate projects to execute rug pulls and other exit scams. #scamindia
* A common tactic is the deployment of fake tokens on popular blockchains, often promoted heavily through unverified social media channels.
* The presence of these scams significantly heightens the market risk for newcomers and undermines the overall credibility of the decentralized finance (DeFi) ecosystem.
* Investors should practice extreme caution, prioritize Due Diligence (DD), and always verify a token's contract address before investing.
#CryptoScams #RugPull #IndiaCrypto #InvestorAlert