Lawsuit Filed to Stop a Global Cryptocurrency Scam Spreading in India

Lawsuit Filed to Stop a Global Cryptocurrency Scam Spreading in India


A class-action lawsuit has reportedly been filed against a cryptocurrency scam that has duped many Indian investors. The scam, promoted in three Indian languages, lures investors by promising up to 900% return on investments. The Delhi court has directed a notice to be placed in major newspapers, seeking victims of this scam to come forward.

Class-Action Lawsuit to Stop a Crypto Scam in India

A representative lawsuit has reportedly been filed in order to stop a cryptocurrency scam from continuing to dupe Indian investors. The Delhi court last week directed a notice to be published in leading Indian newspapers to invite victims of the scam to come forward.

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Advocate Nipun Saxena filed the suit on behalf of various Indian citizens who said they had been duped by a company called IQ Option, local media reported. This platform claims to allow users to trade stocks, forex, options, and cryptocurrencies. Twenty-six cryptos are listed on its website, including bitcoin (BTC), ether

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