Quote from: Yatsan on Today at 06:01:12 PM

Quote from: AjithBtc on September 26, 2020, 08:08:57 AM

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.

The problem in here is that most people are not that quite knowledgeable enough to resist the intimidating offers of those scammers. Better think of it having such numerical percentage of return on a monthly basis is already impossible. People nowadays gets easily lured or fooled by such good looking offers that makes them invest into such scam schemes. Scam victims would be lessen in different platform not just in crypto if people are knowledgeable enough about that certain thing before they get to engagement. There is really an impact on the crypto's reliability because of such scam making it hot on the eyes of government on banning crypto when at the first place the platform is not the problem but the people. There is no tolerance happening in crypto being used for scam and other related criminalities, it just so happen that the nature of man being abusive makes it the reason why scams and frauds do happen not just in crypto but as well as into other platforms. People must be educated and be knowledgeable enough not get easily fooled by any good offerings for those at first glance is already suspicious.

You are very correct, at first the government did not understand what digital/cryptocurrency is and at that the term t9 term it scam not knowing that it is the scammers individuals within the cyber space that are giving it bad name and image.