More than forty people who got scammed have complained about the exchange to the Delhi police. I've never come across the exchange named Pluto. This exchange has got almost seven executives who are the team. It is a new kind of trap, because with the people who doesn't have much knowledge about cryptocurrency they've mentioned about creating their own cryptocurrency and assured of 30% - 40% return monthly. This has made more users to invest and finally ended as a trap, and the office have got relocated to Dubai closing the office in India.
That bold text is the red flag for me.
If you are a keen investor, you should know which is which. You should have some basis into when you should invest and when you should not. 30-40% monthly?? Banks are giving way lower than that and staking some altcoins give lower than that number. Also take note how they can get the money that they will give to the investors.
More Scams in the name of cryptocurrency is truly destroying the true quality of cryptocurrency and it's features. Hope the change happens soon creating positivity among common people about cryptocurrency.
When there is money involved, scams are always there. For some maybe the image of crypto is broken but if you really know how crypto works, you should know the true image of it. Crypto is just a tool used by these scammers.