Bitcoin-crazy rich Indians falling prey to fake crypto wallets

New Delhi, Aug 9 With the Supreme Court striking down the curb on cryptocurrency trade in India in March this year, there has been a surge in Ind investing in Bitcoin and with this, cybercriminals have started mobile-based fake Blockchain-based crypto wallets to lure and con the rich and the wealthy in the country.

These Blockchain-based wallets offer handsome discounts, before conning people of their hard-earned Bitcoin/cash and then going incommunicado, according to industry watchers.

"I have seen so many wealthy Indian falling into the trap of such fake cryptocurrency wallets in the recent past. One gentleman just came to me who lost $50,000

( With inputs from IANS )