Indian Crypto Investors Lose $128 To Fake Crypto Apps And Website Scam, Says Report; DOGE Up 11%

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Indi­an cryp­to investors have lost about 1000 crore to sev­er­al ongo­ing fake cryp­to exchanges scam, accord­ing to a report by cyber secu­ri­ty research com­pa­ny, CloudSEK.

The report said that the pri­ma­ry rea­son that Indi­ans were falling prey to these kinds of cyber attacks was because the attack­ers repli­cat­ed an exact copy of the orig­i­nal cryp­to web­site and made it dif­fi­cult for peo­ple to dif­fer­en­ti­ate between the orig­i­nal and duplicate.

The glob­al cryp­to mar­ket cap­i­tal­i­sa­tion went down by 0.92 per cent to $950.24 bil­lion as of 8.30 am. How­ev­er, the glob­al cryp­to vol­ume was up by 16.38 per cent to $57.75 bil­lion as per Coin­mar­ket­cap data.

Indian crypto investors have lost about 1000 crore to several ongoing fake crypto exchanges scam
Indi­an cryp­to investors have lost about 1000 crore to sev­er­al ongo­ing fake cryp­to exchanges scam

Cryptocurrency Prices

Bit­coin (BTC), the world’s old­est cryp­tocur­ren­cy, was trad­ing at $21,150.37, low­er by 1.1 per cent in the last 24 hours. Ethereum (ETH) was down by 1.01 per cent to $1,220.12. 

“The mar­ket leader fell slight­ly on Sun­day but con­tin­ues to hold stead above $21,000 and Ether remains over $1200. The strug­gle for an upward trend holds back any chances of a ral­ly, at bay cur­rent­ly. This week might prove to be more deci­sive, with either a strong sup­port or fur­ther break­down in price,” says Gau­rav Dahake, CEO and founder, Bitbns.

Among oth­er sig­nif­i­cant coins, Car­dano (ADA) was down by 0.48 per cent at $0.4993, Algo­rand (ALGO) was trad­ing with a loss of 2.62 per cent at $0.3372, Solana (SOL) was trad­ing with a loss of 3.29 per cent at $39.89, Polka­dot (DOT) was down by 1.53 per cent at $7.97, and Binance Coin (BNB) was down by 1.04 per cent at $236.09.

Today’s top gain­er was GARD Gov­er­nance Token (GGT), which was up by 2429.75 per cent at $0.0006167. The top los­er was SUPE (SUPE) which was down by 62.68 per cent at $0.4532. 

Meme Coin And DeFi Prices

Doge­coin (DOGE) was up by 10.58 per cent at $0.07508. Its vol­ume to mar­ket cap ratio stands at 0.1051. Rival Shi­ba Inu (SHIB) was down by 2.07 per cent at $0.00001139.

Dogelon Mars (ELON) lost 7.43 per cent to trade at $0.0000003721, Flo­ki Inu (FLOKI) lost 6.85 per cent at $0.000006437, and Samoyed Coin (SAMO) rose by 14.86 per cent at $0.007547. 

In the DeFi seg­ment, YFI (yearn.finance) was down by 5.21 per cent at $6,531.42, and Ter­ra Clas­sic (LUNC) was trad­ing with a gain of 33.57 per cent at $0.00007884. Avalanche (AVAX) was down by 4.08 per cent at $20.10, Aave (AAVE) fell by 5.1 per cent at $66.84, and Uniswap (UNI) was trad­ing with a gain of 2.81 per cent at $5.72. 

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